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Global Green Building Material Market is Expected to Foresee Significant Growth. North America to Lead the Growth!

Green building material is also called an eco-friendly building material. It can be defined as the building materials used for constructing a building with a low impact on the environment.  They are composed of renewable resources.  In recent years, the demand for green building materials has risen dramatically due to the rising awareness of its benefits as well as the growing concern toward better insulation, and an eco-friendly environment. For instance, U.S. Green Building Council (USGBC) has named Hesse as the top state in Germany with the highest number of LEED-certified green buildings. Hesse is home to nearly 3 million GSM (grams per square meters) of building space comprising 95 LEED-certified projects.

The Green Building Material Market is expected to grow at a steady rate of around 11% owing to the increasing demand for energy-efficient buildings coupled with the growing adoption of green building materials in commercial, healthcare, and other sectors. Major companies in the market offer green building materials for the construction industry with advanced use of renewable sources. For instance, In Nov 2021, Sika announced its plan to acquire MBCC Group to accelerate its growth strategy and reinforce its position as a sustainability champion in the global construction industry.

Based on application, the market is segmented into framing, insulation, roofing, exterior siding, interior finishing, and others. The insulation category is to witness higher CAGR during the forecast period owing to the growing excellent energy efficiency and increased emphasis on installing interior insulation solutions. Green building materials are being adopted to provide recycled construction of the building due to improper insulation in the buildings. Furthermore, the entry of global players into emerging markets adds to the growth of the market. For instance, CFMoto, a Chinese manufacturer of ATVs, announced its plan to launch its products in the Indian market.

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Based on end-user, the green building material market has been classified into residential, commercial, and industrial. The residential category is to witness higher adoption of green building materials during the forecast period. This is mainly due to the rising number of building regulations and policies mandating energy-efficient structures. This has created a market for environment-friendly and energy-conserving materials used in residential construction. For instance, In May 2020, SmartLam North America and RedBuilt announced their partnership to supply Cross-Laminated Timber (CLT) products and solutions to architects, engineers, and contractors for projects using the popular mass timber building technology.

For a better understanding of the market adoption of the Green Building Material industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the regulations on environment-friendly materials used in the construction industry as emerging economies of the region are driving the growth of the market. Moreover, wide expansion of applications along with growth in the commercial and residential industry and healthcare sector is further expected to support the market growth of green building materials. In addition, the growing implementation of green building technology in many retrofitting and renovating applications further accelerates the green building material market growth in the region. Also, major players in the market continue to invest in green building materials for the construction industry with advanced use of renewable sources. For instance, in 2020, according to the U.S. Green Building Council (USGBC), 1,171 projects have been certified with LEED certification for green buildings in the U.S. with 281.05 million GSF land.

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Some of the major players operating in the market include BASF SE, Owens Corning, CertainTeed Corporation, Sika AG, National Fiber Supply Inc., PPG Industries Inc., Alumasc Group Plc, RedBuilt LLC, LafargeHolcim Ltd., Kingspan Group Plc. Several M&As along with partnerships have been undertaken by these players to develop the green building material market. For instance, In July 2021, Sika acquired American Hydrotech Inc. in the U.S. and its affiliate Hydrotech Membrane Corporation in Canada. Hydrotech is an experienced and highly regarded liquid membrane manufacturer and provider of full-system roofing and waterproofing solutions.

Global Green Building Material Market Segmentation

Market Insight, by Application

• Framing
• Insulation
• Roofing
• Exterior Siding
• Interior Finishing
• Others

Market Insight, by End-User

  • Residential
  • Commercial
  • Industrial

Market Insight, by Region

  • North America
    •  US
    •  Canada
    •  Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • BASF SE
  • Owens Corning
  • CertainTeed Corporation
  • Sika AG
  • National Fiber Supply Inc.
  • PPG Industries Inc.
  • Alumasc Group Plc
  • RedBuilt LLC
  • LafargeHolcim Ltd.
  • Kingspan Group Plc

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