Green Building Materials Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Green buildings, also known as sustainable buildings or green construction are buildings that make use of environment-friendly and resource-efficient processes for their designing, construction, maintenance, renovation, and operation throughout their lifecycle. Such green building also ensure more environmentally-safe demolition procedures than conventional methods.

The popular materials that are used in making a green building include straw bales, grasscrete, rammed earth, hempcrete, bamboo, recycled plastic, and wood, among others. Mycelium, ferrock, ashcrete, and timbercrete are also used in the construction of green buildings. The primary aim underlying  the green building construction is to define an approach that minimizes negative effects on the environment (air, water, and earth) as well as human health. The primary sources of green building materials are renewable sources (forests) and recycled materials (doors, old plumbing, recycled plastic, etc.)

Some of the major advantages that green buildings provide as compared to conventional buildings are efficient technology usage, easy maintenance, improved air quality, water and energy efficiency, and high return on investment. These building also ensure temperature moderation, waste reduction, water conservation, and improved physical and mental health of the inhabitants.

Green Building Materials Market Taxonomy

On the basis of product type, the global market is segmented into:

  • Interior Products
  • Exterior Products
  • Solar products
  • Others

On the basis of applications, the global market is segmented into:

  • Insulation
  • Framing
  • Roofing
  • Interior Finishing
  • Exterior Siding
  • Others

On the basis of end-user, the global market is segmented into:

  • Healthcare centers
  • R&D centers
  • Education
  • Public facilities
  • Residential
  • Others

On the basis of geography, the global market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Increasing health concerns among people, growing responsibility and concerns towards environment safety, and increasing demand for efficient energy usage is expected to drive growth of the green building materials market over the forecast period (2016–2024). A major spike has been witnessed in stress levels and related health problems among the global populace over the last couple of decades. Home and work environments  majorly impact  the wellbeing of an individual thus, resulting in an increased customer inclination towards aesthetically pleasing green buildings that look appealing, and at the same time help alleviate both physical and mental problems. This is a key factor fueling market growth. This trend is expected to gain further traction in the near future. However, higher initial costs, dearth of raw materials,  time-consuming process of construction, and lack of skilled professionals impedes market growth. Basic construction materials used in green buildings, such as straw bales, grasscrete, rammed earth, hempcrete, bamboo, recycled plastic, and wood are not widely available across the globe. The process for using these materials  in construction involves exorbitant expenditures and requires highly skilled workers, which makes the process of building green projects capital intensive. 

Green Building Materials Market Outlook – Rising Concerns Regarding Environment Safety to Fuel Market Growth

The growing concern of environmental safety such as concerns regarding water wastage, inclination towards conservation of natural resources and protection of biodiversity fuels growth of the global green building materials market. Various dedicated regulatory bodies such as Leadership in Energy and Environmental Design (LEED) have green building ratings,  certification programs and have formed guidelines pertaining to green building construction. Green Rating for Integrated Habitat Assessment (GRIHA) is an environmental safety regulatory tool used by the United Nations for encouraging adoption of renewable materials in the construction sector. Another popular research institute dedicated towards sustainable development and environmental safety in India and South Asia is TERI (The Energy and Resources Institute).

Product innovation is one of the key strategies adopted by the leading players in the green building materials market. Manufacturers are focusing on adding solar thermal cladding and bio-plastics. In 2016, Gunlocke, a furniture manufacturing company introduced Myco Board, which is new ecofriendly product offering cost-effective and environment-friendly solutions for interior products. Some of the major companies operating in the global green building materials market are Alumasc Group Plc, AMVIC Building Systems, Binderholz GmbH, Bauder Ltd, BASF SE, and Interface.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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