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Growth of the green building materials market in Southeast Asia and Australia

The market size of green building materials in Southeast Asia and Australia is expected to reach USD 38.5 billion by 2030, growing at a CAGR of 9.7% from 2021 to 2030

OREGON, PORTLAND, USA, October 11, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, Southeast Asia and Australia green building materials market generated $15.3 billion in 2020 and is expected to gross $38.5 billion by 2030, growing at a CAGR of 9.7% from 2021 to 2030. The report offers a detailed analysis of the changing trends in the market, major segments, major investment pockets, value chain and regional landscape. , and competitive scenario.

Decreasing emissions of green building materials and low operating costs are driving the growth of the green building materials market in Southeast Asia and Australia. However, cost issues and market barriers are restraining the growth of the market. On the other hand, the growth of the construction sector creates new opportunities in the coming years.

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Southeast Asia and Australia green building materials market key players analyzed in the research include PT Bakrie & Brothers Tbk, Siam Cement Group, PT Modern Panels Indonesia, Brickworks Building Products Ltd., Kee Kiong (A2Z) SDN BHD, Aathaworld Sdn Bhd. , Interface Inc., James Hardie Australia Pty Ltd., GreenPan and CSR Limited.

Covid-19 scenario:
• The Covid-19 outbreak has had a major impact on the construction industry, due to which the green building materials market has witnessed a decline in demand growth in Southeast Asian regions and from Australia. The increased risk of infection among the workforce has led to delays in construction projects, especially during the initial phase.
• Several manufacturers of green building materials in these regions have suspended or declined their activities, which has had an impact on the supply chain. Additionally, the diminishing purchasing potential of vendors has affected the market throughout the pandemic.
• On the other hand, government agencies are taking initiatives for mass vaccination campaigns against COVID. Businesses are allowed to remain active as part of precautionary measures. This factor helps the construction industry to continue its activities and the green building materials market is therefore expected to recover now.

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The report offers detailed segmentation of the Southeast Asia and Australia green building materials market on the basis of product type and country.
Based on product type, the outdoor products segment contributed the highest share in 2020, accounting for more than one-third of the total share, and is expected to maintain its leading position during the forecast period. However, the solar products segment is expected to show the largest CAGR of 10.8% from 2021 to 2030.

Based on country, Singapore contributed the largest share in 2020, holding more than a quarter of the total share, and is expected to retain its dominant share by 2030. On the other hand, the market across the Philippines is expected to represent the highest CAGR of 11.8% during the forecast period. The research also analyzes regions such as Malaysia, Indonesia, Vietnam, Thailand and Australia.

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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