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  • Published On : Nov 2022
  • Code : CMI259
  • Industry : Advanced Materials
  • Pages : 157
  • Formats :

Green building materials are an environmentally friendly solution as they are produced from recyclable products. Green building materials are ideal construction materials as they help in conserving non-renewable resources and also reduce environmental impact. Moreover, green building materials are a durable and energy-efficient solution that makes them suitable for building various infrastructures.

Global green building materials market was valued at US$ 259.41 Million in 2021 in terms of revenue, exhibiting a CAGR of 10.8% during the forecast period (2022 to 2030).

Drivers

The growing shift towards green building is expected to drive the green building materials market growth For example, increasing activities by North America Commission for replacing conventional materials with green building technology is fueling the market growth. According to Coherent Market Insights’ in 2020 analysis, regions such as the U.K., Singapore, and the UAE accounted for over 50.0% of green building activities. The growing renovation and construction of new infrastructure is also propelling the demand for green building materials across all these regions.

In September 2021, BASF, a multinational chemical producer and a leading multinational automobile safety glass manufacturer Fuyao Glass Industry Group Co., Ltd. (Fuyao Group) signed a strategic cooperation agreement to include the co-creation of new business development for the automotive industry into its existing scope of the partnership. With the new collaborative effort, the company will further strengthen the development of innovative and sustainable automotive glass and functional exterior application in combination with BASF which is expected to drive the green building materials market.

The COVID-19 outbreak had a negative impact on the green building materials market. The market witnessed a sharp decline in demand for green building materials market. The COVID-19 pandemic caused a ban on import and export, thereby disrupting the supply chain and hampering the market. Lockdown imposed by governments impacted the construction sector, and as a result, many construction projects have been halted or postponed. There was a huge supply and demand gap during COVID-19.

Figure 1. Global Green Building Materials Market Value Share (%), By Region, 2021

Green Building Materials  | Coherent Market Insights

Market Restraints

High capital investment when compared to conventional buildings and the impact of COVID-19 on the market are likely to hinder the growth of the green building materials market. Rising energy costs and high performance green building products are the primary industry propellants. However, uneven enforcement of energy regulation and highly price-sensitive consumers may hamper the growth of the industry.

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Green Building Materials Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 259.41 Mn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 10.8% Forecast Period: 2022-2030
Geographies covered:
  • By Region: North America, Europe, Asia Pacific and Rest of World. 
Segments covered:
  • By Application: Framing, Insulation, Roofing, Exterior siding, Interior fin, Other
  • By End User: Public facilities, Education, Commercial and Industrial, R&D centers, Residential, Others
Companies covered:

Alumasc Group Plc, Amvik Systems, BASF SE, Bauder Limited, Binderholz GmbH, CertainTeed Corporation, E. I. du Pont de Nemours and Company, Forbo International SA., Interface Inc., Kingspan Group plc, Lafarge, and Lhoist UK Ltd/Tradical

Growth Drivers:
  • Growing shift towards green buildings
  • Increasing renovation and construction of new infrastructure
Restraints & Challenges:
  • High capital investment when compared to conventional buildings is expected to hinder the market growth.

Market Trends

Interior green building materials are gaining traction in the market. Advantages such as superior aesthetics, enhanced lighting, and improved indoor air quality offered by interior materials is augmenting the market growth. Moreover, interior materials are beneficial in controlling humidity and enabling better control over air quality. All these factors are projected to foster the market growth of the green building materials market over the forecast timeframe.

Growing government initiatives and agreements by green building materials associations for promoting the use of green building materials is expected to support the market growth over the forecast period. For instance, in October 2020, The Confederation of Indian (CII) Industry's Indian Green Building Council (CII - IGBC) signed a memorandum of understanding (MoU) with the National Real Estate Development Council (NAREDCO) to accelerate the green buildings movement in India.

Figure 2. Global Green Building Materials Market Value Share (%), By Application, 2021

Green Building Materials  | Coherent Market Insights

On the basis of application segment, insulation held a dominant position in the market and accounted for 21.4% share in the global green building materials market in 2021.

Recent Developments

  • In April 2021, Lafarge Egypt, a member of LafargeHolciam Group – a Switzerland-based multinational company manufacturing building materials, developed an ecolabel cement for the first time in Egypt. This new product of the company complies with the green criteria of the company and lowers the carbon footprint
  • In November 2020, U.K. based Lhoist Group engaged in production of lime and lime based products developed a product named Tradical Hemcrete which consumes less energy and also can be recyclable. Tradical Hemcrete is a mixture of lime, hemp wood, and water. Tradical Hemcrete is used is the construction of walls, renovation of old buildings, and as an insulating material.
  • In May 2020, SmartLam, a manufacturer of cross-laminated timber products and RedBuilt, a industry leader in custom, sustainable wood building products for commercial applications announced their partnership to supply Cross-Laminated Timber (CLT) products and solutions to architects, engineers, and contractors for projects using the popular mass timber building technology. RedBuilt will serve as the exclusive distributor of SmartLam CLT in the Pacific Northwest, West Coast, and Southwest.

Competitive Section

Major players operating in the market include Alumasc Group Plc, Amvik Systems, BASF SE, Bauder Limited, Binderholz GmbH, CertainTeed Corporation, E. I. du Pont de Nemours and Company, Forbo International SA., Interface Inc., Kingspan Group plc, Lafarge, and Lhoist UK Ltd/Tradical

Green construction is an environment-friendly building method that reduces waste, protects the environment, and promotes healthy living. Green buildings are constructed with recyclable materials, minimizing waste and increasing energy efficiency. Using recycled materials is not only better for the environment, it also makes homes and offices more attractive to buyers. Bamboo floors are a popular choice to use in green buildings because they are fast-growing natural resource that can provide a natural touch to any space. Available in an array of colors and styles, bamboo flooring is an eco-friendly way to boost the beauty of any room.

Market Dynamics

Rapid growth in the construction sector across developing regions coupled with the growing adoption of advanced building materials is fostering the green building materials market growth. Growing environmental concerns is encouraging the adoption of innovative green construction material, which is also augmenting the market growth. For instance, in April 2021, Lafarge Egypt, a member of LafargeHolcim Group, introduced EcoLabel cement for the first time in Egypt.

The growing use of composite materials in green buildings is expected to bring new market opportunities over the forecast period. Composites are naturally-occurring materials produced from two or more constituent materials that differ in different chemical or physical properties. Composite materials have excellent properties such as energy-saving, lightweight, flexible, and are also LEED-certified. Thus, the growing use of composite materials in green buildings is projected to foster the market growth.

Key features of the study:

  • This report provides an in-depth analysis of global green building materials market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global green building materials market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Alumasc Group Plc, Amvik Systems, BASF SE, Bauder Limited, Binderholz GmbH, CertainTeed Corporation, E. I. du Pont de Nemours and Company, Forbo International SA., Interface Inc., Kingspan Group plc, Lafarge, and Lhoist UK Ltd/Tradical
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global green buildings materials market report caters to various stakeholders in this industry including investors, suppliers, green building materials manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global green buildings materials market.

Detailed Segmentation:

  • Global Green Building Materials Market, By Application:
    • Framing
    • Insulation
    • Roofing
    • Exterior siding
    • Interior Fin
    • Others
  • Global Green Building Materials Market, By End User:
    • Public facilities
    • Education
    • Commercial and Industrial and Industrial
    • Healthcare
    • R&D Centers
    • Residential
    • Other
  • Global Green Building Materials Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World
  • Company Profiles
    • Alumasc Group Plc
    • Amvik Systems
    • BASF SE
    • Bauder Limited
    • Binderholz GmbH
    • CertainTeed Corporation
    • E.I.Du.Pont de Nemours and Company
    • Forbo International SA
    • Interface Inc.
    • Kingspan Group plc
    • Lafarge
    • Lhoist UK Ltd/Tradical

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global green building materials market was valued at around US$ 259.41 Million in 2021.
Rapid growth in the construction sector and increasing adoption of advanced construction materials are fuelling the market.
Growing shift towards green building materials instead of traditional building materials is expected to drive the market.
High capital investment when compared to conventional buildings is expected to hinder the market.
Major players operating in the market include Alumasc Group Plc, Amvik Systems, BASF SE, Bauder Limited, Binderholz GmbH, CertainTeed Corporation, E. I. du Pont de Nemours and Company, Forbo International SA., Interface Inc., Kingspan Group plc, Lafarge, and Lhoist UK Ltd/Tradical
The market is estimated to grow at around 10.8% CAGR in the forecast period (2022-2030).

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