Green Building Market Trends to Develop at 10.26% CAGR by 2027
Market Analysis
The global Green Building Market
Trends is predicted to develop at a
10.26% CAGR between 2018- 2023, states the recent Market Research Future (MRFR)
analysis. Green building is made of materials that improve the efficiency and
sustainability of the structure of a building with regards to renovation,
maintenance, construction, and design.
Various factors are propelling the
global Green Building Market Trends share.
As per the current MRFR report, such factors include the rising environmental
concerns, strict government regulations, demand in the industrial sector for
its low maintenance and operational costs, growing need for energy-efficient
technologies, and rising preference in commercial & residential
buildings.
On the contrary, high material cost
coupled with labor shortage in the construction industry, especially in the US
due to the COVID-19 pandemic, may limit the global Green Building Market Trends
growth during the forecast period.
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Market Segmentation
The MRFR report offers an inclusive
segmental analysis of the global Green Building Market Trends based on products and application.
By products, the global Green Building
Market Trends is segmented into exterior
and interior products. Of these, the exterior products segment will lead the
market over the forecast period for its increasing use in the construction
sector owing to its excellent properties such as low maintenance, low operation
cost, energy efficiency, durability, & no waste reduction in comparison to
traditional construction methods.
By application, the global Green
Building Market Trends is segmented into
non-residential and residential. Of these, the residential segment will
dominate the market over the forecast period for the growing concerns about the
rising energy prices, accelerating climate change, storm water runoff polluting
rivers and lakes, and the negative effect on the health of traditional building
materials.
Regional Analysis
Based on the region, the global Green Building Market report covers the growth opportunities and
recent trends across the Asia Pacific (APAC), North America, Europe, and the
Middle East and Africa (MEA). Of these, North America will dominate the market
over the forecast period. Rising environmental awareness, technological
superiority, high-quality construction, low environmental impact, the need to
make healthy indoors with less pollution, and growing demand for sustainable
materials in construction are adding to the global Green Building Market Trends
growth in the region. Besides, improved
standard of living, demand for better-performing buildings, lower operating
costs, rising sustainable business practice, and constant measuring &
tracking of building activities are also adding market growth. The US holds the
utmost share in the market.
The global Green Building Market
Trends in Europe is predicted to have
the second-largest share over the forecast period. Availability of technical
expertise, strict government regulations, rapid climatic changes, aim for zero
energy building emission, low operating cost, low payback period, and favorable
government policies are adding to the global Green Building Market Trends growth in the region.
The global Green Building Market
Trends in the APAC region is predicted
to have healthy growth over the forecast period. Rapid industrialization,
growing population, rising environmental concerns, measures to promote clean
energy, rising research and development activities, and environmental regulations
for supporting health building, reducing pollution, and energy conservation are
adding to the global Green Building Market Trends growth in the region.
The global Green Building Market
Trends in the MEA is predicted to have
sound growth over the forecast period for the growing need for green buildings
for the region’s extreme climate conditions.
Key Players
Eminent players profiled in the global
green building materials market report include
Weinerberger AG (Austria), Green Build Products (I) Pvt Ltd (India), Green
Building Store (U.K.), E. I. du Pont de Nemours and Company (U.S.), SGS
(Switzerland), Saint Gobain S.A. (Germany), Ginkgo Sustainability (Canada),
Kingspan Group plc (Ireland), Bauder Limited (U.K.), and NATiVE (U.S.).
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
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