Green Building Materials Market size is forecast to reach $504 billion by 2025, after growing at a CAGR of 11.4% during 2020-2025, owning to expanding construction activities and growing government initiatives to enforce environmentally sustainable and energy-efficient building standards. Green building materials offer lower carbon footprint, thereby reducing the impact of global warming. In addition, these are easy to maintain and consume less water as compared to its counterparts. Therefore, owning to various monetary and environmental benefits the demand for green building materials is increasing. Green building materials eliminates the use of toxic paints containing lead, thus improving indoor air quality. In addition, the products also offer plenty of natural lighting, thus reducing energy usage and thus reducing total expenditure. Hence, owning to these benefits the demand for green building material is increasing.

Key Takeaways
North America dominated the green building market share in 2019, owing to government efforts and legislations mandating the use of green building materials and rising consciousness among population.

The decreasing cost of green buildings over time and growing awareness about recycled construction are likely to provide opportunities for the green building market, during the forecast period.

The demand for roofing products are increasing at a faster rate during the forecast period. These products are manufactured using recycled materials such as sludge, rubber, slag, stone granules and corrugated mixed paper. Non-toxic recycled rubber roofing is gaining popularity owning to of its superior properties such as weather-resistance and superior durability.

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Application - Segment Analysis

The residential segment held the largest share in the green building materials market in 2019 and is growing at a CAGR of 11.90%. Green building construction in the residential sector is increasing, owning to the increasing number of building regulations and policies mandating energy-efficient sustainable structures. This has created demand for eco friendly products and energy conserving materials used in residential construction. With increasing public awareness and raising income levels, the use of green building materials and the increasing trend of energy-efficient structures in high-rise residential buildings are likely to further fuel demand for green building materials in the near future. In the Asia-Pacific region, countries, such as China and India, have already been facing environment pollution-related problems, which has grasped the attention of governments to take initiative in this regard. In addition, problems of power shortages in developing countries such as India, South Korea, Sri Lanka and others are likely to encourage the idea of green building to facilitate daylight harvesting.

Drivers – Green Building Materials Market
Increasing government policies and investments

Market Landscape: Major players in the Green Building Materials market are PPG Industries, E. I. du Pont de Nemours and Company, Forbo International SA, Interface Inc., Kingspan Group plc, Lafarge, BASF SE, Owens Corning, National Fiber, RedBuilt, LLC, CertainTeed Corporation, Binderholz GmbH, Bauder Limited and Alumasc Group, among others.

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