Allied Market Research

Green Building Materials Market to Garner $377,029 Million by 2022

Low operational & maintenance costs and pressure of environmental regulations pertaining emissions are the major factors that drive the green building materials market across the globe. In addition, government in developed countries has introduced policies and incentives to encourage green construction, which supplements the growth of this market.

 

Portland, OR -- (SBWIRE) -- 09/25/2017 -- Allied Market Research published a report on Green Building Materials Market, which forecasts that the global market that was valued at $171,475 million in 2015, is going to grow by 11.9% from 2016 to 2022, to accrue a sum of $377,029 million by 2022. The main dominator of the market in 2015 was the exterior products segment with one-third market share, on the basis of revenue.

The factors propelling the growth of green building materials market across the globe include emission reduction capability of green building materials, the high asset value of green buildings, growing awareness regarding green materials, and an increase in client & market demand. Moreover, reduction in operating costs and greater productivity due to healthier indoor environment fuels the market growth. Several green building materials are widely available in the market. They include linoleum, galvalume panels, and fiber-cement composites. The main segments where the growth of the green building materials are new low-rise and high residential buildings, retrofits of existing buildings, and new industrial buildings. DGNB, LEED, BREEAM, HQE, and EnergyStar are few of the certification systems that gauge the performance of green buildings. They rate the buildings on the basis of some specific standards.

In 2015, the exterior products segment occupied over one-third of the market share, in terms of revenue. Use of green building exterior products in the construction industry provide energy efficiency, longevity, low maintenance, operation cost, and waste reduction over conventional construction procedures. By application, the residential buildings segment accounts for the largest share, in terms of revenue and is likely to grow by 11.2%. Growing concerns related to increasing energy prices, escalating climate changes, negative health impacts associated with building materials, and storm water runoff, polluting rivers and lakes have facilitated the need for green building construction in the residential sector.

Key Findings of the Green Building Materials Market:

- Asia-Pacific is anticipated to continue to maintain the lead status during the forecast period, followed by Europe.

- Solar products market revenue is expected to grow by 13.5% during the forecast period.

- With regards to the green building exterior products, roofing is the fastest growing segment registering a CAGR of 12.2% during the forecast period.

- In 2015, Brazil occupied three-fifths of the total market share in LAMEA green building materials market.

- In Asia-Pacific green building materials market, India will grow at the fastest rate, registering a CAGR of 12.7% from 2016 to 2022.

- France occupied a market share of 11.1% in Europe green building materials market in 2015.

In 2015, Asia-Pacific and Europe together accounted for over half of the green building materials market share globally. In the same year, Asia-Pacific dominated the market, due to the presence of healthier neighborhoods and pressure of environmental regulations pertaining harmful emissions.

The emerging players in the green building materials market include Alumasc Group Plc (UK), Amvik Systems (Canada), BASF SE (Germany), Bauder Limited (UK), Binderholz GmbH (Germany), E. I. du Pont de Nemours and Company (U.S.), Forbo International SA (Switzerland), Interface Inc. (U.S.), Kingspan Group plc (Ireland), and Owens Corning (U.S.).

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