Global Green Building Materials Market Overview, 2024-29

The Global Green Building Materials Market is segmented into By Type (Structural, Exterior, Interior, Others), By Applications (Roofing, Insulation, Framing, Flooring, Interior, Other Applications), By End Users (Residential, Non Residential)

The Green Building Materials market is anticipated to cross USD 580 Billion by 2029, increasing from USD 322.48 Billion in 2023

Green Building Materials Market Analysis

Adoption of green building materials is rising dramatically as more and more countries place a premium on energy efficiency, sustainability, and environmental stewardship when it comes to building methods. Green construction materials are those that follow an ecologically conscious lifetime, starting with extraction and manufacture and continuing through installation, use, disposal, or recycling. They provide advantages, including less of an influence on the environment, more energy efficiency, better indoor air quality, and less resource use. This market includes a broad range of materials, such as low-emission materials, sustainable woods, water-saving fixtures, energy-efficient insulation, and recycled and recovered goods. Driven by a growing awareness of climate change, resource scarcity, and the need for more sustainable building solutions, governments, corporations, and individuals are increasingly embracing green building materials. Policymakers worldwide are implementing regulations, standards, and incentives to promote the use of environmentally friendly materials in construction projects. This includes green building certifications, energy efficiency codes, tax incentives, and subsidies aimed at encouraging the adoption of sustainable building practices. Moreover, the desire to reduce operating costs, enhance occupant health and well-being, and meet evolving consumer preferences is propelling the demand for green building materials. Building owners, developers, and occupants are increasingly prioritising energy-efficient, non-toxic, and environmentally friendly materials that contribute to healthier indoor environments and lower long-term maintenance costs. This shift in consumer behaviour and market demand is driving innovation and investment in the development of new, sustainable building materials and technologies. Furthermore, the global construction industry's rapid growth and urbanisation are fueling the demand for green building materials. As populations grow and cities expand, there is a pressing need for sustainable infrastructure and buildings that can accommodate this growth while minimising environmental impact. Green building materials offer a way to address these challenges by providing environmentally responsible alternatives to conventional construction materials, reducing carbon emissions, and conserving natural resources. According to the research report, “Global Green Building Materials Market Overview, 2029,” published by Bonafide Research, the market is anticipated to cross USD 580 Billion by 2029, increasing from USD 322.48 Billion in 2023. The market is expected to grow at a 10.69% CAGR by 2024–29. Green construction materials are in high demand as people become more conscious of environmental problems, including pollution, resource depletion, and climate change. Sustainability is becoming a top priority for companies, governments, and consumers and they are looking for ecologically friendly building materials. Growing concerns about indoor air quality and occupant health drive demand for green building materials that minimise exposure to harmful chemicals and pollutants. Materials with low volatile organic compound (VOC) emissions and improved indoor air quality contribute to healthier indoor environments, enhancing occupant well-being. Furthermore, green building materials often offer long-term cost savings through energy efficiency, reduced maintenance requirements, and operational savings. Building owners and developers are attracted to materials that help lower utility bills, decrease maintenance costs, and improve the overall return on investment. Businesses and organisations seek to differentiate themselves and enhance their brand reputation by adopting sustainable building practices. Using green building materials demonstrates a commitment to environmental stewardship and sustainability, appealing to environmentally conscious consumers and stakeholders. Government incentives, subsidies, and policies play a significant role in driving demand for green building materials. Measures such as tax credits, grants, and rebates encourage investment in sustainable construction practices and incentivize the use of environmentally friendly materials. Rapid urbanisation and population growth increase the demand for infrastructure and buildings. Green building materials offer sustainable solutions to accommodate urban expansion while minimising environmental impact, driving their adoption in construction projects worldwide.

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Market Dynamic

Market Drivers Environmental Awareness: Growing environmental awareness and concerns about climate change, resource depletion, and pollution have fueled demand for green building materials. Stakeholders across the construction industry, including developers, architects, and consumers, are increasingly prioritising sustainability and seeking environmentally friendly alternatives to traditional materials. Green building materials offer benefits such as reduced carbon footprints, energy efficiency, and conservation of natural resources, aligning with broader sustainability goals and driving market growth. • Health and Well-being:The emphasis on health and well-being in built environments has emerged as a significant driver of the global green material market. Building occupants are increasingly aware of the impact of indoor air quality, exposure to toxins, and the overall health implications of the built environment. Green building materials, such as low-VOC paints, formaldehyde-free insulation, and natural, non-toxic finishes, promote healthier indoor environments by minimising harmful emissions and enhancing indoor air quality. The focus on occupant health and well-being has led to greater demand for green materials that support healthier living and working spaces, driving innovation and market expansion in the green building sector. Market ChallengesAvailability and Supply Chain Issues: One of the significant challenges facing the global green material market is the availability and complexity of the supply chain. Green building materials often require sourcing from renewable or sustainable sources, which can be limited in availability or subject to fluctuations in supply. Additionally, the production and distribution of green materials may involve multiple stakeholders and processes, leading to challenges in ensuring consistent quality, quantity, and delivery timelines. Supply chain issues such as transportation constraints, raw material shortages, and logistical complexities can impact the availability and accessibility of green materials, hindering market growth and adoption. • Resistance to Change: Resistance to change within the construction industry and among stakeholders is another key challenge for the global green material market. Despite the growing awareness of sustainability issues and the benefits of green building materials, there can be a reluctance to adopt new practices, technologies, or materials due to various factors. These may include concerns about higher upfront costs, perceived risks or uncertainties associated with green materials, a lack of awareness or understanding, and resistance to changing traditional construction practices. Overcoming resistance to change requires concerted efforts to educate stakeholders, demonstrate the value proposition of green materials, address misconceptions, and incentivize adoption through policy measures, financial incentives, and market-driven initiatives.

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Manmayi Raval

Manmayi Raval

Research Consultant


Green Building Materials Segmentation

GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
South Korea
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

Based on type, the market can be categorised by structural, exterior, interior, or others. Furthermore, based on end users, the market can be categorised as residential or non-residential. Interiors contribute to the market, and buildings' interior environmental quality (IEQ) is becoming more and more important due to worries about the comfort, productivity, and health of their occupants. Interior green construction materials are becoming more and more in demand since they improve air quality and general occupant well-being. Examples of these materials include low-VOC (volatile organic compound) paints, formaldehyde-free furniture, and sustainable flooring solutions. Growing consumer awareness of environmental issues, health concerns, and sustainability is influencing purchasing decisions, including for interior building materials. Consumers are seeking products that align with their values, opting for eco-friendly, non-toxic, and sustainable options for their homes and workplaces, thus driving demand for interior green materials. Furthermore, the non-residential market is growing globally; governments are enforcing strict laws and providing incentives to encourage the use of sustainable building techniques in non-residential structures. Green building strategies and materials are being incorporated into non-residential buildings by developers, architects, and building owners thanks to green building certification programmes, energy efficiency regulations, tax incentives, and subsidies. Growing awareness among consumers, tenants, and building occupants about the environmental and health benefits of green buildings is driving demand for sustainable non-residential structures. Businesses, governments, and institutions are increasingly seeking out green-certified buildings and spaces due to their lower operating costs, improved occupant health and productivity, and positive brand image. This demand is pushing developers and builders to use green building materials in non-residential construction to meet market preferences and differentiate their properties. Based on application, the market can be categorised by roofing, insulation, framing, flooring, interior, and other applications. Flooring contributes to the market, and the need for sustainable and environmentally friendly flooring materials is rising as people become more conscious of environmental problems. Compared to conventional materials like vinyl and carpeting, green flooring solutions like bamboo, cork, linoleum, recycled tile, and reclaimed wood are made of renewable resources and have less of an adverse effect on the environment. Flooring alternatives that minimise resource depletion, decrease emissions, and promote healthier interior environments are becoming more and more important to consumers, architects, and builders. Flooring materials can have a significant impact on indoor air quality, as they can emit volatile organic compounds (VOCs) and other harmful chemicals. Green flooring materials are often manufactured using low-VOC or no-VOC adhesives, finishes, and sealants, reducing indoor air pollution and creating healthier indoor environments. This focus on indoor air quality is particularly important in commercial buildings, healthcare facilities, schools, and residential spaces where occupants spend significant amounts of time indoors. Green flooring materials are often chosen for their durability and longevity, which contribute to sustainability by reducing the need for frequent replacements and minimising waste. Materials such as bamboo and hardwood are known for their strength and resilience, while options like porcelain tile and natural stone offer exceptional durability and require minimal maintenance. Investing in durable flooring materials can result in cost savings over the lifecycle of a building and reduce the environmental footprint associated with flooring maintenance and replacement.

Green Building Materials Market Regional Insights

Based on the report, the five regions covered in the report include North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Asia Pacific is a growing market. Rapid urbanisation is occurring in the Asia-Pacific region as more people choose to live in cities. Construction activities have surged as a result of this trend, encompassing the creation of infrastructural, commercial, and residential developments. Sustainable development and green building techniques are becoming more and more important as cities grow in order to solve resource consumption issues, address environmental concerns, and lessen the negative environmental effects of urbanisation. Governments across the Asia-Pacific region are implementing policies, regulations, and incentives to promote sustainable construction practices and green building certification programs. These initiatives aim to encourage developers, builders, and architects to adopt green building materials and technologies, improve energy efficiency, reduce greenhouse gas emissions, and enhance overall environmental performance in the built environment. Incentives such as tax credits, grants, and subsidies for green building projects further drive the adoption of sustainable building materials in the region. Increasing awareness of environmental issues, climate change, and resource depletion is influencing consumer preferences, corporate sustainability strategies, and industry standards in the Asia-Pacific region. Consumers, businesses, and governments are becoming more conscious of the environmental impact of construction materials and are seeking alternatives that are environmentally friendly, energy-efficient, and socially responsible. Green building materials offer sustainable solutions that align with these values and contribute to a more environmentally sustainable built environment.

Key Development

• October 2022: Holcim acquired Wiltshire Heavy Building Materials, one of the leading companies providing building solutions and material circularity in the United Kingdom. This acquisition will strengthen Holcim's market presence in the United Kingdom's green building materials market. • August 2022: Saint-Gobain acquired Kaycan, a manufacturer and distributor of exterior building materials in Canada and the United States. Saint-Gobain strengthened its global leadership in light and sustainable construction with this acquisition, becoming the leading player for sidings in Canada and expanding its vinyl offering across the United States with complementary solutions in aluminum and engineered wood. • January 2022: Binderholz GmbH acquired the UK-based sawmill group, BSW Timber Ltd, which is a subsidiary of the Austrian Binderholz Group. BSW Timber Ltd produces more than 1.2 million cu. m of sawn timber per annum. This acquisition made Binderholz GmbH the largest sawmill and solid wood processing company in Europe. • January 2022: Binderholz GmbH, a subsidiary of the Austrian Binderholz Group, acquired BSW Timber Ltd. The company manufactures more than 1.2 million m3 of sawn timber annually. With this acquisition, Binderholz GmbH became Europe's largest sawmill and solid wood processor. • April 2021: Lafarge Egypt, a member of LafargeHolcim, introduced Ecolabel cement for the first time in Egypt. This new product meets the company's green criteria and reduces the carbon footprint. • November 2020: The U.K.-based Lhoist, involved in the manufacturing of lime-based products, developed a product called Tradical Hemcrete that is recyclable and consumes less energy. Tradical Hemcrete is a mixture of hemp wood, water, and lime. Tradical Hemcrete is used to construct walls and renovate old buildings as an insulation material. • May 2020: RedBuilt and SmartLam North America have partnered to supply Cross Laminated Timber (CLT) solutions and products to engineers, contractors, and architects for projects using the popular mass timber building technology. RedBuilt will serve as the exclusive distributor of Smart Lam CLT on the West Coast, Pacific Northwest, and Southwest.

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Companies Mentioned

  • Sika AG
  • Ppg Industries
  • Interface, Inc.
  • Compagnie de Saint-Gobain S.A.
  • The Holcim Group
  • CEMEX S.A.B. de C.V.
  • TITAN Cement Group
  • Kingspan Group plc
  • Owens Corning
  • Alumasc Group plc
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Green Building Materials Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Type
  • 6.5. Market Size and Forecast, By End User
  • 6.6. Market Size and Forecast, By Application
  • 7. North America Green Building Materials Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Type
  • 7.4. Market Size and Forecast, By End User
  • 7.5. Market Size and Forecast, By Application
  • 8. Europe Green Building Materials Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Type
  • 8.4. Market Size and Forecast, By End User
  • 8.5. Market Size and Forecast, By Application
  • 9. Asia-Pacific Green Building Materials Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Type
  • 9.4. Market Size and Forecast, By End User
  • 9.5. Market Size and Forecast, By Application
  • 10. South America Green Building Materials Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Type
  • 10.4. Market Size and Forecast, By End User
  • 10.5. Market Size and Forecast, By Application
  • 11. Middle East & Africa Green Building Materials Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Type
  • 11.4. Market Size and Forecast, By End User
  • 11.5. Market Size and Forecast, By Application
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Sika AG
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. The Holcim Group
  • 12.6.3. Compagnie de Saint-Gobain S.A.
  • 12.6.4. Kingspan Group plc
  • 12.6.5. Owens Corning
  • 12.6.6. Titan Cement Group.
  • 12.6.7. Alumasc Group plc
  • 12.6.8. PPG Industries, Inc
  • 12.6.9. CEMEX S.A.B. de C.V.
  • 12.6.10. Interface, Inc.
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

Table 1: Global Green Building Materials Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Green Building Materials Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Green Building Materials Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Green Building Materials Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 8: Global Green Building Materials Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 9: Global Green Building Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 10: North America Green Building Materials Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 11: North America Green Building Materials Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 12: North America Green Building Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: Europe Green Building Materials Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 14: Europe Green Building Materials Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 15: Europe Green Building Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 16: Asia-Pacific Green Building Materials Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 17: Asia-Pacific Green Building Materials Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 18: Asia-Pacific Green Building Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 19: South America Green Building Materials Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 20: South America Green Building Materials Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 21: South America Green Building Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 22: Middle East & Africa Green Building Materials Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 23: Middle East & Africa Green Building Materials Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 24: Middle East & Africa Green Building Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)

Figure 1: Global Green Building Materials Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Green Building Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Green Building Materials Market Share By Region (2023)
Figure 6: North America Green Building Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Green Building Materials Market Share By Country (2023)
Figure 8: Europe Green Building Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Europe Green Building Materials Market Share By Country (2023)
Figure 10: Asia-Pacific Green Building Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Asia-Pacific Green Building Materials Market Share By Country (2023)
Figure 12: South America Green Building Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: South America Green Building Materials Market Share By Country (2023)
Figure 14: Middle East & Africa Green Building Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: Middle East & Africa Green Building Materials Market Share By Country (2023)
Figure 16: Competitive Dashboard of top 5 players, 2023
Figure 17: Market Share insights of key players, 2023
Figure 18: Porter's Five Forces of Global Green Building Materials Market

Green Building Materials Market Research FAQs

Green Building Materials are environmentally responsible and resource-efficient materials used in the construction and design of buildings. They aim to reduce the environmental impact and promote sustainability in the construction industry.

Green Building Materials help minimize the negative impact of construction on the environment by promoting energy efficiency, reducing waste, and using sustainable resources. They contribute to healthier indoor environments and long-term sustainability.

Green Building Materials include recycled materials, rapidly renewable resources, energy-efficient materials, low-emission materials, and those with a reduced environmental footprint throughout their life cycle.

The market contributes to sustainability by promoting the use of materials that are energy-efficient, have lower carbon footprints, and are sourced sustainably. This helps in reducing greenhouse gas emissions and conserving natural resources.

Factors driving market growth include increasing awareness of environmental issues, government regulations promoting sustainable construction, rising demand for energy-efficient buildings, and a growing focus on corporate social responsibility.

Green Building Materials are often certified by organizations like LEED (Leadership in Energy and Environmental Design) or BREEAM (Building Research Establishment Environmental Assessment Method). Certification involves meeting specific criteria related to sustainability, energy efficiency, and environmental impact.

Challenges include higher initial costs, limited availability of certain materials, and the need for industry-wide adoption. Overcoming these challenges requires addressing economic barriers and promoting the long-term benefits of green construction.

Green Building Materials contribute to energy efficiency by providing better insulation, using reflective roofing materials, and incorporating technologies like solar panels. These measures reduce energy consumption and lower the overall environmental impact.
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Global Green Building Materials Market Overview, 2024-29

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