The Global Green Building Materials market is anticipated to reach USD 364.6 billion by 2022. In Green Building Materials, recycled products are mainly used as a material, which improves the quality of life and production environment. These materials help the conservation of non-renewable properties and decrease environmental influence related to processing, fabrication, installation, recycling of building materials, disposal, and transportation. To address several environmental challenges the green building materials are working in the construction industry, comprising natural resource depletion, loss of biodiversity, atmospheric pollution, contamination of freshwater resources, and anomalous climate change.
In addition, the low maintenance and operational pressure and costs of environmental regulations relating to production are the key factors that propel the green building materials industry worldwide. On the other hand, irregular application of energy guidelines and extremely price-sensitive customers may restrain the growth of the market. The green building materials market is anticipated to grow at a significant CAGR of 11.2% in the upcoming period as the scope, product types, and applications are increasing across the globe.
The green building materials industry may be explored by type, applications, and geography. The market may be explored by product as Structural, Interior, Exterior, and Others. Amongst the products, the structural products segment accounted for 60%. This segment is anticipated to rise at a CAGR of 11.4% over the upcoming period.
The green building materials market may be explored by applications as Framing, Insulation, Roofing, Interior Finishing, Exterior Siding, and Others. The “Insulation” segment is projected to reach 85.9 billion by 2022. However, high stages of energy maintenance, and growing construction activities in the commercial and residential sector are anticipated to help in the development of this sector in the upcoming period.
Moreover, the Roofing segment is the second foremost market; followed by the framing segment in the years to come. Increasing acceptance of non-toxic recycled rubber roofing owing to its superior durability and weather resistance is anticipated to propel the demand for roofing products in the forecast period.
North America has been at the forefront with regards to the green building materials industry and will continue to rule the roost in the years to come. North America is estimated to account for the major share of 35% of the global volume in 2016. The region is estimated to continue to be a foremost user over the forthcoming period. This inclination is anticipated to remain in the upcoming period due to the construction codes and promising policies regarding the usage of products in building manufacturing, coupled with growing transformation and innovation activities.
Some of the key players that fuel the growth of the green building materials market include Interface, AMVIC Building Systems, Alumasc Group Plc, Binderholz GmbH, BASF SE, and Bauder Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures to boost the inorganic growth of the industry.
Green Building Materials Product Outlook (Revenue, USD Billion; 2012 - 2022)
Green Building Materials Application Outlook (Revenue USD Billion; 2012 - 2022)
• Exterior Siding
• Interior Finishing
Green Building Materials Regional Outlook (Revenue; USD Billion, 2012 - 2022)
• North America
• the Asia Pacific
• Rest of the World
Research Support Specialist, USA
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