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Energy-Efficient Materials Market Trends

  • Report ID: GMI12350
  • Published Date: Nov 2024
  • Report Format: PDF

Energy-Efficient Materials Market Trends

As concerns about climate change and the environmental impact of energy consumption grow, businesses and governments are under increasing pressure to reduce their carbon footprints. Energy-efficient materials contribute significantly to sustainability efforts by lowering the energy required to operate buildings, vehicles, and appliances, thereby mitigating greenhouse gas emissions. Many companies, particularly in sectors such as construction, real estate, and manufacturing, are adopting sustainability targets aligned with global agreements like the Paris Agreement.
 

Utilizing energy-efficient materials in their buildings and products helps these companies achieve their corporate sustainability goals and enhance their brand image. Advances in smart technologies, including smart thermostats, automated building management systems, and intelligent appliances, are revolutionizing energy consumption patterns. These technologies, when integrated with energy-efficient materials, optimize energy use in real-time, further reducing energy consumption.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of energy-efficient materials reached USD 14.8 billion in 2023 and is set to grow at a CAGR of over 8.6% from 2024 to 2032, driven by rising global energy prices.

The building & construction segment held around 39% of the total market share in 2023 and is anticipated to grow at a CAGR of 9.2% up to 2032, propelled by the proliferation of smart home and building technologies.

The U.S. market was valued at around USD 3.36 billion in 2023 and is projected to grow at a CAGR of over 8.5% through 2032, led by rising energy prices and the shift towards renewable energy.

The key players in the industry include 3B-The Fiberglass Company, AGC Glass, Alleguard, Isolatek International, Johns Manville, Jushi Group, Knauf Insulation, Nippon, NSG Group, Owens Corning, PPG Industries, Rockwool, and Saint-Gobain.

Energy-Efficient Materials Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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