Green Building Materials Market is expected to grow at a CAGR of 13.25% through 2029

Global Green Building Materials Market is expected to grow owing to escalating awareness of environmental sustainability and stringent regulations promoting eco-friendly construction practices throughout the forecast period

According to TechSci Research report, “Green Building Materials Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F”, the Global Green Building Materials Market was valued at USD 503.19 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 13.25% through 2029. Global Green Building Materials Market is poised for robust growth in the foreseeable future. The proliferation of green building certifications such as LEED and BREEAM has been instrumental in driving the adoption of eco-friendly construction materials. These certifications serve as benchmarks for sustainable building practices, often incentivizing builders and developers with financial rewards or recognition. As more projects seek these certifications, the demand for green building materials continues to soar.

Moreover, the escalating emphasis on sustainable urban development presents lucrative opportunities for green building materials, particularly in large-scale infrastructure projects. Governments and municipalities worldwide are funneling investments into eco-friendly initiatives, including energy-efficient public buildings, green spaces, and sustainable urban planning. Manufacturers of green building materials stand to benefit by offering tailored, innovative solutions to meet the evolving demands of urban development projects.

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Based on application, the Roofing segment is expected to dominate the market during the forecast period. This segment's prominence can be attributed to the critical role that roofing plays in the overall sustainability and energy efficiency of buildings. As sustainability becomes an increasingly important consideration in construction practices, there is a growing demand for roofing materials that not only provide protection but also contribute to energy conservation and environmental preservation.

Green roofing solutions offer a range of benefits, including improved thermal insulation, reduced energy consumption, and enhanced stormwater management. By incorporating features such as cool roofs, vegetated roofs, and solar panels, green roofing systems help mitigate the urban heat island effect, lower energy costs, and promote biodiversity. These eco-friendly roofing materials align with the goals of sustainable construction and are favored by builders, developers, and homeowners seeking to minimize their environmental footprint while maximizing energy efficiency. The dominance of the Roofing segment in the Global Green Building Materials market is reinforced by the increasing adoption of green building standards and certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method). These certifications encourage the use of sustainable roofing materials by providing guidelines and incentives for projects that prioritize energy efficiency, environmental stewardship, and occupant health. As a result, builders and developers are increasingly turning to green roofing solutions to meet these stringent requirements and achieve certification status.

The Roofing segment's dominance is also driven by regulatory mandates and government initiatives aimed at promoting sustainable construction practices and reducing carbon emissions. Many jurisdictions around the world have implemented building codes and policies that incentivize or mandate the use of green building materials, including energy-efficient roofing systems. As such, manufacturers and suppliers of green roofing materials are well-positioned to capitalize on this growing market demand and contribute to the global transition towards more sustainable built environments. The Roofing segment represents a pivotal aspect of the Global Green Building Materials market, offering innovative solutions that enhance building performance, reduce environmental impact, and support the transition to a more sustainable future. As the demand for green roofing materials continues to rise, manufacturers and stakeholders in the construction industry are poised to drive further innovation and market growth in this dynamic segment.,

Key market players in the Global Green Building Materials Market are:-

• Acoustical Surfaces, Inc.
• Cemex S.A.B. de C.V.
• Forbo Managemement SA
• Henkel Corporation
• SIKA AG
• Magicrete Building Solutions Pvt. Ltd.
• Momentive Performance Materials, Inc.
• National Fiber Technology, LLC
• Novagard Solutions, Inc.
• BASF SE

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“The North American region, notably the United States and Canada, is positioned to lead the Global Green Building Materials Market. A notable surge in green building endeavors, propelled by stringent environmental regulations, characterizes the landscape. Notably, Leadership in Energy and Environmental Design (LEED) certification has emerged as a cornerstone for endorsing sustainable construction methodologies. Regulatory bodies and industry stakeholders have enacted and revised building codes to incentivize the adoption of green building materials. These regulations incentivize construction firms, architectural firms, and developers to integrate eco-conscious practices and materials, thus nurturing the expansion of the green building materials sector.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Green Building Materials Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Application (Roofing, Flooring, Insulation and Others), By End-User (Industry, Residential, Non-residential and Others), By Region & Competition 2019-2029F”, has evaluated the future growth potential of Global Green Building Materials Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Green Building Materials Market.

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