Green Building Materials Market Analysis

Green Building Materials Market Analysis

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The structural type of segment is projected to witness growth rate of over 12% through 2028. The development of construction projects using green building materials to make the buildings more energy-efficient and cost-effective is likely to fuel the market demand. Increasing private investments in the development and adoption of green building materials in both residential & commercial spaces will augment the industry statistics.

The roofing materials segment is expected to generate nearly USD 165 billion revenue by 2028. Green roof infrastructure is increasingly becoming an important aspect among various building residents and community planners. This type of roof aids in addressing various challenges, which are commonly faced by urban residents. Moreover, the positive impact of green roofs on the environment will further increase the economic benefits.
 

The green building materials market from residential application is set to account for USD 330 billion by 2028. Global residential construction is growing at an unprecedented rate and is estimated to keep growing. According to the World Green Building Council, the world is likely to build 230 billion square meters in new construction, i.e., adding the equivalent of Paris to the planet every single week. New construction start-ups, permits & completion are now being cleared, which were stuck in the last few years. Residential construction is impelled by the growing population, millennials settling down, and rising employment & income levels.
 

North America green building materials market holds approximately 33% of the volumetric share in 2021 and is predicted to reach USD 200 billion by 2028. The presence of a matured construction industry in the region in positively influencing the industry demand. The U.S. has observed a significant rise in construction spending over the years. Furthermore, strong home renovation activities along with the growth of commercial building construction are propelling the product consumption.