Global Green building Market: By Application (Roofing, Framing, Insulation, Flooring, Interior Finishing, Exterior Sliding, and Others), By Product Type (Exterior Products, Interior Products, Building Systems, Solar Products, and Others), By End Users (Residential, Industrial, Commercial, and Others), and By Regional Analysis (North America, Europe, Asia-Pacific, Middle East & Africa, & South America)—Forecast till 2030

Description

Market Overview:

The Global Green Buildings market industry is expected to expand from USD 629.8 billion in 2022 to USD 1301.12 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.50% during the forecast period from 2024 to 2030. This growth is primarily driven by increasing concerns about environmental pollution, prompting governments worldwide to implement policies and regulations that mandate the use of eco-friendly solutions. These initiatives are significantly boosting market growth.

In addition to environmental advantages, the cost-saving benefits of green building materials are significantly boosting their global demand. These materials are designed with energy-efficient features that help reduce both energy consumption and operational costs in buildings. Features such as effective insulation, LED lighting, smart controls, and renewable energy systems are integrated into green building materials, making them highly attractive to building owners aiming for long-term savings. The growing emphasis on sustainability among consumers and businesses is driving the demand for these eco-friendly products and services. Beyond energy efficiency, green building materials offer benefits such as improved indoor air quality, reduced water usage, and enhanced durability, making them a preferred choice in the market.

Market Size for Global Green building Market on the Basis of Revenues in USD Bn, 2018-2023

Source: XX Research Analysis

Factors Leading to the Growth of the Global Greenbuilding Market

• Energy Efficiency and Cost Savings:A key factor driving the growth of the global green building market is the emphasis on energy efficiency and the resulting cost savings. Green building materials and technologies, such as advanced insulation, LED lighting, smart control systems, and renewable energy sources, are designed to significantly reduce energy consumption in buildings. This reduction in energy use leads to substantial savings on utility bills, making green buildings economically attractive over time despite higher initial costs. Additionally, government incentives and rebates for sustainable construction further enhance the financial benefits, making energy-efficient green buildings a compelling choice for developers, businesses, and homeowners.

Restraints for the Global Green Building Market

One of the main restraints for the global green building market is the higher initial costs and perceived complexity of adopting green building practices. The upfront investment in eco-friendly materials and energy-efficient technologies can be significantly higher than traditional building methods. Additionally, integrating these sustainable features requires specialized knowledge and skills, which can be daunting for developers. This complexity and higher initial costs can deter investors and stakeholders, slowing market growth despite the long-term benefits and cost savings of sustainable construction.

What is the Current Structure of the Global Greenbuilding Market?

By Application, InsulationSegment held the largest market revenue in the Global Market

Insulation plays a crucial role in controlling heat transfer between a building’s interior and exterior. Green insulation materials like cellulose, natural fibers, and recycled materials offer exceptional thermal resistance, effectively minimizing heat loss in winter and heat gain in summer. By reducing the reliance on excessive heating and cooling, these materials contribute to substantial energy savings and lower greenhouse gas emissions. Additionally, they are designed for durability, resisting moisture, pests, and degradation, ensuring long-term performance. This durability minimizes the need for frequent replacement, reducing waste generation and conserving resources over time.

By Product Type,Exterior Products Segment held the largest market revenue in the Global Market

The revenue from exterior products is expected to dominate in the coming years. This is because there’s a strong emphasis on biodiversity and the use of renewable energy sources. These products are sought after for their sustainability, energy efficiency, reliability, water resistance, and breathability. Additionally, the increasing popularity of eco-friendly solutions such as green and cool roofs, rain gardens, and solar walls is further boosting the revenue growth of this segment.

By End Users,ResidentialSegment dominated the largest CAGR in the Global Market

The residential sector is expected to gain a significant market share in the forecast period, attributed to the increasing popularity of different types of green building materials in residential buildings. This trend is driven by the growing preference for energy-efficient, moisture-resistant, durable, and easy-to-maintain materials among homeowners. As awareness of the benefits of green building practices, such as energy efficiency, reduced environmental impact, and improved indoor air quality, continues to rise, there is a growing demand for sustainable and eco-friendly homes.

By Regional Analysis, the Asia PacificRegion Registered theLargest Market Share in the Global Market

Asia Pacific is rapidly urbanizing, spurring construction activities for various developments. Sustainable practices and green building are gaining importance in addressing resource use and environmental concerns. Governments are incentivizing green construction through policies like tax credits, encouraging the adoption of eco-friendly materials and technologies to improve energy efficiency and reduce emissions. Increasing environmental awareness shapes consumer and corporate preferences, driving demand for sustainable construction materials. Green building materials align with sustainability goals, fostering a greener built environment in the Asia Pacific.

Competitive Landscape

Due to the market’s limitless development potential and increasing demand, raw material providers are increasingly engaging in forward integration. Because of the rising demand for imports, it is anticipated that industry players’ regional dominance would decline. Over the next years, it is anticipated that this tendency will continue and will probably fuel market expansion.

1. I. du Pont de Nemours and Company, PPG Industries, Forbo International SA, Interface Inc., Kingspan Group plc, Owens Corning, National Fiber, RedBuilt, LLC, CertainTeed Corporation, Binderholz GmbH, Bauder Limited, and Alumasc Group are some of the major players in the business.

Market Segmentation

Global Greenbuilding Market, By Application

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

Global Greenbuilding Market, By Product Type

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

Global Greenbuilding Market, By End-User Industry

• Residential
• Industrial
• Commercial
• Others

Global Greenbuilding Market, By Regional Analysis

• North America
• Mexico
• United States (U.S.)
• Canada
• Europe
  • Germany
  • United Kingdom (U.K.)
  • France
  • Turkey
  • Italy
  • Spain
  • Russia
  • Austria
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • Malaysia
  • Japan
  • Vietnam
  • Australia
  • Indonesia
  • South Korea
  • India
  • Thailand
  • Philippines
  • Rest of Asia Pacific (APAC)
• Middle East & Africa (ME&A)
• Egypt
• South Africa
• UAE
• Saudi Arabia
• Nigeria
• Rest of ME&A
• South America
• Brazil
• Columbia
• Argentina
• Rest of South America

Major Key Operating Market Leaders Include

• Amvik Systems
• Forbo International SA
• Ownes Corning
• Siemens AG
• Cisco Systems Incorporation
• The Turner Corporation
• Kingspan Group PLC
• Interface Incorporation
• Daikin Industries Limited
• Bauder Limited
• Hensel Phelps
• Bosch Thermotechnology
• Holcim
• Johnson Controls International plc
• Alumasc Group PLC
• Schneider Electric SE
• Binderholz GmbH
• Saint-Gobain
• Gilbane Building Corporation
• Certain Teed Corporation
• The Whiting-Turner Contracting Corporation