Green Building Market Size to Develop at 10.26% CAGR by 2027
Market Analysis
The global Green Building Market Size 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 Size. 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 Size 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 Size based on products
and application.
By products, the global Green Building
Market Size 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 Size 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 Size 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 Size 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 Size 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 Size growth in the region.
The global Green Building Market Size 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 Size growth in the region.
The global Green Building Market Size 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
4.5 MARKET TRENDS
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