DUBLIN--(BUSINESS WIRE)--The "Green Building Materials Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.
This report describes and explains the green building materials market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The global green building materials market reached a value of nearly $247,884.5 million in 2021, having increased at a compound annual growth rate (CAGR) of 4.9% since 2016. The market is expected to grow from $247,884.5 million in 2021 to $388,255.8 million in 2026 at a rate of 9.4%. The market is then expected to grow at a CAGR of 7.3% from 2026 and reach $552,751.1 million in 2031.
Growth in the historic period resulted from strong economic growth in emerging markets, increased construction activities in developing regions, favorable government policies for green buildings, increase in population growth, increasing industrialization, low interest rate environment and technology development. Factors that negatively affected growth in the historic period were rising material costs and COVID-19 pandemic.
Going forward, increased need for sustainable and eco-friendly solutions, rising demand for energy-efficient buildings and increasing applications of green building materials in residential and non-residential sectors will drive market growth. Factors that could hinder the growth of the green building materials market in the future include lack of awareness about the benefits of eco-friendly materials in the construction sector, decreasing affordability, rising interest rates and recession fears.
North America was the largest region in the green building materials market, accounting for 34.5% of the global market in 2021. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the green building materials market will be Asia Pacific and Western Europe, where growth will be at CAGRs of 11.1% and 9.8% respectively from 2021-2026.
The top opportunities in the green building materials market by type will arise in the structural market, which will gain $68,918.0 million of global annual sales by 2026. The top opportunities in the green building materials market by application will arise in the insulation market, which will gain $44,664.4 million of global annual sales by 2026. The top opportunities in the green building materials market by end use will arise in the residential buildings market, which will gain $81,527.1 million of global annual sales by 2026. The green building materials market size will gain the most in the USA at $35,013.0 million.
Market-trend-based strategies for the green building materials market include focus on environment-friendly building materials, focus on mass timber technology, focus on adopting mineral wool insulation technique, focus on green cement, focus on eco-friendly paints, focus on new products launches and focus on partnerships and collaborations.
Player-adopted strategies in the green building materials market include strategic acquisitions, expanding product portfolio through partnerships and collaborations and launch of new products.
Scope:
Markets Covered:
- 1) By Type: Structural; Exterior; Interior; Other Types
- 2) By Application: Framing; Insulation; Roofing; Exterior Siding; Interior Finishing; Other Application
- 3) By End-Use: Residential Buildings; Non-Residential Buildings
Key Topics Covered:
1. Green Building Materials Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size And Growth
9. Global Green Building Materials Market Segmentation
10. Green Building Materials Market, Regional And Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Global Green Building Materials Market Competitive Landscape
19. Company Profiles
20. Key Mergers And Acquisitions In The Green Buildings Materials Market
21. Green Building Materials Market Opportunities And Strategies
22. Green Building Materials Market, Conclusions And Recommendations
23. Appendix
Companies Mentioned
- Owens Corning
- BASF SE
- Kingspan Group Plc
- E. I. du Pont de Nemours And Company Co. Ltd.
- Interface Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ms4o1e
