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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Green Construction refers to the building structure and the application of processes, which are environmentally sustainable and resource-efficient throughout the building's life-cycle, which includes the processes starting from the building’s planning to its design, construction, operation, maintenance, renovation, and demolition. This requires close cooperation of the contractors, architects, engineers, and the clients at all the stages of the construction project. The green construction practice complements the classical building design concerns that are related to economy, utility, durability, and comfort. In doing so, the three dimensions of sustainability, i.e., planet, people, and profit across the entire supply chain needs to be considered.

The objective of green construction is to reduce the overall impact of the buildings/construction projects on the human health and the environment by following certain principles:

  • Efficiently using energy, water, and other resources
  • Protecting occupant health and improving employee productivity
  • Reducing waste, pollution, and environmental degradation

A 2009 report by the U.S. General Services Administration found 12 sustainably-designed buildings that costs less to operate and have excellent energy performance. In addition, as per U.S. General Service Administration, the occupants were more satisfied with the buildings made under green construction projects as compared to the occupants living in typical commercial buildings, as green construction project’s buildings were eco-friendly.

The global green construction market is expected to witness significant growth during the forecast period (2021–2028). Increasing demand for reduced energy consumption in buildings, rise in the number of infrastructure projects, an increase in industrial and commercial spending, and the growing demand for green buildings, are expected to drive the market demand. 

Stringent legislative policies for energy-efficient buildings significantly drives the manufacturing of sustainable materials. For instance, in June 2020, Environmental ministry of Mexico City, introduced regulations that comprised of new and retrofitted energy-efficiency measures intended to develop a sustainable city by constructing improved buildings thereby decreasing greenhouse gas emissions.

Global Green Construction Market - Impact of Coronavirus (Covid-19) Pandemic

The green construction market was negatively impacted due to COVID-19, owing to the pandemic scenario as several countries were in lockdown. Construction work stopped all across the world, especially in major constructions hubs such as China, India, and Japan. Supply chain disruptions, work stoppages due to measures imposed by government authorities to slow down the spread of the virus, and workforce shortages, further affected the market negatively. Hence, such impact and uncertainties due to the COVID-19 outbreak acted as a stumbling block in the growing demand for green building materials. However, this is expected to be temporary and the green construction market is expected to recover in the coming years.

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Green Construction Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 265.7 Bn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 11.2% 2028 Value Projection: US$ 602.1 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Mexico and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Spain, and Rest of Europe
  • Asia Pacific: China, India, Japan, South Korea, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East & Africa
Segments covered:
  • By Product Type: Exterior Product (Roofing, Windows, Siding, and Doors), Interior Product (Insulation and Flooring), Solar Products, Building Systems, and Others
  • By Application: Residential, Non-Residential (Commercial & Office, Institutional, Industrial, Hospitality & Leisure), and Others 
  • By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies covered:

Alumasc Group Plc, Binderholz GmbH, Bauder Ltd, Forbo International SA, Certain Teed Corporation, The Turner Corp, Clark Group, Gilbane Building Co, Hensel Phelps, The Whiting-Turner Contracting Co.

Growth Drivers:
  • Demand for reduced energy consumption in buildings
  • Rise in infrastructure projects
  • Increased industrial and commercial spending
Restraints & Challenges:
  • Limited awareness about green construction market
  • Lack of government policies related to green construction market
  • Expensive equipment and products

North America held the dominant position in the global green construction market in 2020.

The North American market showed dominance in 2020, this was due to the rising demand for residential houses and increasing number of renovation projects. As per U.S. Green Building Council, the U.S. observed a substantial investment for residential buildings in 2018, which was projected to continue in the upcoming years, thereby promoting the market growth.

The market for Asia Pacific region is expected to grow with a significant CAGR during the period of 2021 to 2028, owing to the high demand from developing countries such as China and India. Increasing disposable income and growing population will also influence the demand for green construction market related products. For instance, in China, due to population growth, the green construction market is gaining importance due to increasing number of people staying in high-rise buildings or multifamily housing that in turn consumes huge amount of energy. To reduce this energy consumption, the Chinese government is focusing on green construction technology.

Figure 1: Global Green Construction Market Share (%), By Region, 2020

Green Construction  | Coherent Market Insights

In terms of revenue, the residential building application segment dominated the global green construction market in 2020

The residential sector is expected to hold the largest share due to the growing demand for residential buildings, owing to the increase in the global population. The green construction projects help in enhancing the architectural characteristics of a building and improve the air quality for residential owners by adopting green insulation, biodegradable materials, solar power, and cool roofs. For instance, One Bryant Park, in the U.S. is extremely eco-friendly skyscraper relies on LED lights, CO2 monitors, no-water urinals, and self-sufficient power, making it sustainable and clean.

Figure 2: Global Green Construction Market Value (US$ Bn) Analysis and Forecast, 2017 – 2028

Green Construction  | Coherent Market Insights

The global green construction market size was valued at US$ 265.7 billion in 2020 and is anticipated to reach US$ 602.1 billion by 2028 at a CAGR of 11.4%.

Major players operating in the global green construction market are Alumasc Group Plc, Binderholz GmbH, Bauder Ltd, Forbo International SA, Certain Teed Corporation, The Turner Corp, Clark Group, Gilbane Building Co, Hensel Phelps, and The Whiting-Turner Contracting Co.

Green construction is an attempt to build responsibly, reduce waste, and help preserve the environment. It is an “earth-friendly” alternative to the construction process. The green construction process involves the planning, design, construction, and operation of buildings with foremost considerations for energy use, water use, indoor environmental quality, materials, and the building’s effect on its site. In today’s society, green construction technology has become much more advanced, and as the world’s supply of non-renewable resources are slowly becoming rarer and expensive, the green technology serves more importance than it did before. Green tech comes in a wide variety of materials, covering everything from energy-efficient appliances to geothermal heating.

Market Dynamics

The global green construction market is expected to grow significantly during the forecast period. Efficient use of energy, water, and other resources, protection of the occupant’s health, and reducing waste, pollution & environmental degradation are some of the influential factors for the growth of the green construction market.

The increasing awareness of the effective usage of resources like water and reduction in energy consumption, are some of the key trends observed in the market. For instance, One Central Park, which is Jean Nouvel’s Sydney towers, boasts of vertical gardens and cantilevering structure that acts like a huge sunlight reflector for the lower tower. More than 250 species of Australian plants and flowers are used in this architectural beauty. The Green Building Council, Australia, has awarded One Central Park five green stars for its sustainable design, which includes water recycling and a tri-generation plant.

Key features of the study:

  • This report provides in-depth analysis of global green construction market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices 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 the leading  market players
  • It profiles leading players in the global green construction market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Alumasc Group Plc, Binderholz GmbH, Bauder Ltd, Forbo International SA, Certain Teed Corporation, The Turner Corp, Clark Group, Gilbane Building Co, Hensel Phelps, and The Whiting-Turner Contracting Co..
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global green construction market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global green construction market

Detailed Segmentation

  • Global Green Construction Market, By Product Type:
    • Exterior Product
      • Roofing
      • Windows
      • Siding
      • Doors
    • Interior Products
      • Insulation
      • Flooring
    • Solar Products
    • Building Systems
    • Others
  • Global Green Construction Market, By Application:
    • Residential
    • Non-Residential
      • Commercial & Offices
      • Institutional
      • Industrial
      • Hospitality & Leisure
    • Others
  • Global Green Construction Market, By Region :
    • North America
      • By Product Type
        • Exterior Products
          • Roofing
          • Windows
          • Siding
          • Doors
        • Interior Products
          • Insulation
          • Flooring
        • Solar Products
        • Building Systems
        • Others
      • By Application
        • Residential
        • Non-Residential
          • Commercial & Office
          • Institutional
          • Industrial
          • Hospitality & Leisure
        • Others
      • By Country
        • U.S
        • Canada
    • Latin America
      • By Product Type
        • Exterior Products
          • Roofing
          • Windows
          • Siding
          • Doors
        • Interior Products
          • Insulation
          • Flooring
        • Solar Products
        • Building Systems
        • Others
      • By Application
        • Residential
        • Non-Residential
          • Commercial & Office
          • Institutional
          • Industrial
          • Hospitality & Leisure
        • Others
      • By Country
        • Brazil
        • Mexico
        • Rest Of Latin America
    • Europe
      • By Product Type
        • Exterior Products
          • Roofing
          • Windows
          • Siding
          • Doors
        • Interior Products
          • Insulation
          • Flooring
        • Solar Products
        • Building Systems
        • Others
      • By Application
        • Residential
        • Non-Residential
          • Commercial & Office
          • Institutional
          • Industrial
          • Hospitality & Leisure
        • Others
      • By Country
        • Germany
        • U.K
        • France
        • Italy
        • Spain
        • Rest Of Europe
    • Asia Pacific
      • By Product Type
        • Exterior Products
          • Roofing
          • Windows
          • Siding
          • Doors
        • Interior Products
          • Insulation
          • Flooring
        • Solar Products
        • Building Systems
        • Others
      • By Application
        • Residential
        • Non-Residential
          • Commercial & Office
          • Institutional
          • Industrial
          • Hospitality & Leisure
        • Others
      • By Country
        • China
        • Japan
        • India
        • South Korea
        • Rest of Asia Pacific
    • Middle East and Africa (MEA)
      • By Product Type
        • Exterior Products
          • Roofing
          • Windows
          • Siding
          • Doors
        • Interior Products
          • Insulation
          • Flooring
        • Solar Products
        • Building Systems
        • Others
      • By Application
        • Residential
        • Non-Residential
          • Commercial & Offices
          • Institutional
          • Industrial
          • Hospitality & Leisure
        • Others
      • By Country
        • GCC Countries
        • South Africa
        • Rest of MEA
  • Company Profiles
    • Alumasc Group Plc*
      • Company Overview
      • Product Portfolio and Specifications
      • Financial Performance
      • Strategic Overview
      • Recent Developments/Updates.
    • Binderholz GmbH.
    • Bauder Ltd
    • Forbo International SA
    • Certain Teed Corporation
    • The Turner Corp
    • Clark Group
    • Gilbane Building Co
    • Hensel Phelps
    • The Whiting-Turner Contracting Co.

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New Product Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19 Pandemic
  4. Global Green Construction Market, By Product Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Exterior
      • Roofing
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Windows
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Siding
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Doors
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Solar Products
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Building Systems
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Others
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
    • Interior
      • Insulation
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Flooring
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Green Construction Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Residential
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Non-Residential
      • Commercial & Office
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Institutional
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Industrial
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Hospitality & Leisure
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Green Construction Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country/Region, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Alumasc Group Plc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Binderholz GmbH.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      •  Bauder Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Forbo International SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Certain Teed Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • The Turner Corp
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Clark Group.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Gilbane Building Co
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hensel Phelps
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • The Whiting-Turner Contracting Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 90 market data tables and 50 figures on "Green Construction Market - Global forecast to 2028”.

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