Green Building Market Analysis, Size, Market Trends And Forecasts To 2028 from marycyrus's blog

Supportive government initiatives towards green infrastructure and rising environmental concerns are the pivotal factors driving market growth.

Market Size – USD 247.26 Billion in 2019, Market Growth - CAGR of 13.2%, Market Trends –Rapidly expanding construction and real estate sectors

The Global Green Building Market is expected to be valued at USD 671.37 billion in 2027 from USD 247.26 billion in 2019, registering a CAGR of 13.2% through the forecast period. Revenue from the global green building market is expected to register a significantly high growth rate over the forecast timeframe. The growing concerns about environmental pollution, rising adoption of environment-friendly and sustainable building solutions, and supportive government policies and stringent regulations regarding the use of green building materials are the most fundamental factors accountable for the global green building market growth.

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Green building materials enhance the indoor air quality, providing natural lighting and reducing the energy consumption. The commonly used green building materials include lumber, fiberglass, recycled metal, and mineral wool, which are all renewable and non-toxic. Continuous technological developments in building solutions, a rise in the number of real estate projects, the imposition of several government regulations against environmental pollution, and the swiftly expanding construction and industrial sectors are factors further promoting the adoption of is green building materials, thereby propelling the global market growth.

Green building materials help conserve non-renewable resources by decreasing the environmental impact of the building materials’ fabrication, installation, transportation, and disposal processes. In the present scenario, the construction industry has been using green building solutions to address several environment challenges, such as extreme climatic changes, rising atmospheric pollution, fast depletion of natural resources, and loss of biodiversity. Furthermore, governments worldwide have implemented numeorus policies, including the Leadership in Energy and Environmental Design (LEED) and Green Building Evaluation Labeling (GBEL), to encourage environmentally sustainable construction methods. However, the growth of the global green building market is somewhat hampered by the escalating costs of the raw materials used in green construction.

Key findings of the report:

  • Based on product type, the solar products sub-segment is estimated to emerge as the most lucrative segment over the forecast timeframe, accounting for the highest revenue share. The escalating demand for efficient solar energy-based solutions, including paints & coatings and solar panels, is a key factor propelling the growth of this segment.
  • Based on application, the commercial & office buildings sub-segment is poised to record the fastest growth rate over the projected timeframe. The augmenting need for green and environmentally sustainable commercial buildings, especially in the developed and developing regions of the world, is expected to stimulate this segment’s growth.
  • North America, followed by Europe and Asia Pacific regions, is touted as the leading green building market, with the largest market share. Rapid urbanization, rising awareness about green construction, snowballing demand for low energy-consuming building systems, and the surging government focus on a greener infrastructure are the critical factors contributing to the North America green building market growth.
  • The most renowned companies operating in the global green building market include BASF SE, Amvik Systems, Binderholz GmbH, Certain Teed Corporation, Alumasc Group PLC, Bauder Limited, Kingspan Group PLC, Forbo International SA, Interface Inc, and Owens Corning.
  • In March 2020, Amvik Systems, the renowned Canada-based insulation solutions provider, announced its plans to develop zero-energy smart homes, as part of its ‘Pinnacle’ project.

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For the purpose of this report, the global green building market has been segmented on the basis of product type, application, sales channel, and region:

By Product Type (Revenue, USD Billion; 2017-2027)

  • Exterior Products
  • Interior Products
  • Solar Products
  • Building Systems
  • Others

By Application (Revenue, USD Billion; 2017-2027)

  • Industrial Construction
  • Residential Buildings
  • Commercial & Office Buildings
  • Hospitality & Leisure
  • Others

By Sales Channel (Revenue, USD Billion; 2017-2027)

  • Offline
  • Online

By Region (Revenue, USD Billion; 2017-2027)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • MEA
    • Saudi Arabia
  • Latin America
    • Brazil
    • Rest of LATAM

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Key Points Covered by the Report:

  • The report offers a comprehensive overview of the global Green Building Market along with the idea about the content of the research study
  • The report offers strategic recommendations to both established and novice players to aid in fortifying their presence
  • The report presents insightful data to the companies to help them gain maximum returns on their investment and formulate new investment strategies
  • It provides a comprehensive overview of the competitive landscape to offer a competitive edge to the readers
  • The report covers an extensive regional analysis to impart a better understanding of the spread of the market in key geographies of the world
  • In-depth analysis of the current and emerging market trends and drivers and restraints
  • An 8-year comprehensive forecast for the Green Building market on the global and regional scale
  • Thorough SWOT analysis and Porter’s Five Forces analysis

Thank you for reading our report. To find out more details on the report or to inquire about its customization, please contact us. We will offer you a report well-suited to your requirements.

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