Pune, India, Nov. 10, 2022 (GLOBE NEWSWIRE) — Strong demand for green building materials from end users, along with increasing fluctuations in their prices, could hamper growth according to a Fortune Business Insights™ report. , as mentioned in the exclusive report titled, “Global green building materials market Size, Share and Industry Analysis and Regional Forecast, 2022-2029. »
A green building material is a material that improves the durability and efficiency of a building structure in terms of design, construction and renovation. These materials are very energy efficient and made from renewable waste sources. The global market for green building materials is expected to gain momentum due to their growing need to build environment-friendly building structures.
Key companies focus on launching innovative products to expand their portfolios
The market for green building materials consists of many large, small and medium-sized companies. They mainly invest in extensive research and development activities to launch advanced materials. The report further mentions that green building materials include Ferrock, bales, bamboo, recycled plastic, wood, and straw hemp concrete.
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Report Scope and Segmentation:
|Region covered||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa and Rest of the World|
|Segments Covered||By type, end user and regional information|
|Green Building Materials Industry Growth Drivers||Exhibit exponential growth fueled by their ability to reduce global warming|
|Rapid growth supported by urgency to reduce air pollution will support growth|
A list of all manufacturers of green building materials operating in the market:
- PPG Industries
- Du Pont
- Forbo International SA
- Interface inc.
- Kingspan Group plc
- BASF SE
- Owens Corning
- National fiber
- RedBuilt, LLC
- CertainTeed Company
- Binderholz GmbH
- Bauder Limited
- Alumasc Group
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Drivers and Constraints-
Growing development of energy efficient structures to support demand
Nowadays, green building materials are gaining popularity as the development of energy-efficient structures expands around the world. This further helps to maintain the ecological balance in nature. Many environmental challenges, such as depletion of natural resources, abnormal climate change, loss of biodiversity, contamination of fresh water resources and air pollution can be avoided through extensive use of green building materials. Therefore, they are considered the most suitable alternative to traditional building materials.
Additionally, the growing preference for environmentally friendly buildings due to their ability to reduce emissions into the atmosphere is expected to support the growth of the green building materials market. At the same time, these materials contribute to reducing global warming.
Need to reduce O&M costs to drive growth in Europe
North America is expected to dominate in the coming years by securing the largest green building materials market share. This growth is attributable to the presence of policies favorable to the use of these materials in the construction industry.
Asia Pacificon the other hand, should maintain its second place thanks to the expansion of the residential construction sector in the region.
Middle East and Africa would show moderate growth due to the growing number of commercial and residential buildings in the area. Finally, Europe is expected to show considerable growth due to strong demand for green building materials in hospitality and leisure applications. Additionally, the growing emphasis on reducing the maintenance and operating costs of structures is likely to propel the demand for green building materials in the region.
This report answers the following questions:
- Which segment is expected to dominate the global market?
- How will reputable companies increase their customer base?
- Will the COVID-19 pandemic negatively affect the market?
- What are the current innovations and developments in the market?
Here are two recent industry developments:
- October 2020: Alan Ledwith, owner of a construction start-up, Terratonics, is expected to commercialize his patented foundation system by January 2021. It is based on terrapods, structural plinth beam supports capable of transferring the load from the building to the floor. It is a green technology that uses Nyrim, an engineering polymer.
- September 2020: AGGREGATE Industries has unveiled its latest range of ECOPact low-carbon concrete. This would help reduce carbon dioxide emissions by 30% to 70%, without changing the quality of the concrete. The main objective of this launch was to meet the growing demand for sustainable building materials.
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