Market Size in 2022 | Market Forecast in 2030 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 205 Billion | USD 755 Billion | CAGR at 15% | 2022 |
FrequentlyAsked Questions
Green building materials are made up of renewable, instead of non-renewable resources. Renewable building materials are products such as lumber from forests, recyclable material also includes bamboo and straw, recycled stone, dimension stone, and metals that are recyclable.
The global green building materials market growth over forecast period can be owing to the ability of green building materials in reducing carbon footprints and thus helping in alleviating the impact of global warming.
According to a study, the global green building materials industry size was $205 billion in 2022 and is projected to reach $755 billion by the end of 2030.
The global green building materials market is anticipated to record a CAGR of nearly 15% from 2023 to 2030.
The Asia-Pacific green building materials industry is set to register the fastest CAGR over the forecasting timeline can be owing to easy availability of green materials such as linoleum, fiber cement composites, and galvalume panels in the countries such as India, Indonesia, Japan, Thailand, and China. Furthermore, increase in the construction of low as well as high-rise residential buildings and rise in renovation of exiting residential flats will further enlarge the scope of growth of the industry in the region.
The global green building materials market is led by players such Amvik Systems, PPG Industries, Alumasc Group Plc, Bauder Limited, BASF SE, Forbo International SA, Binderholz GmbH, Cold Mix Manufacturing Corp., Green Build Products, Owens Corning Incorporation, GE Sealants and Adhesives, Inc., and Momentive Performance Materials Inc.
The global green building materials market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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