According to a market report by Lucintel, the future of the green building material market looks promising with opportunities in the residential and non-residential market. The global green building material market is expected to grow with a CAGR of 12% to 14% from 2023 to 2028. The major drivers for this market are increasing building construction & renovation activities, growing government regulations, and initiatives to implement environmentally sustainable & energy-efficient building standards.
In this market, exterior, interior, and structural are the major segments of green building material market by product. Lucintel forecasts that structural will remain the largest segment over the forecast period due to its ability to reduce carbon emissions and provide superior durability at a lower cost.
Within this market, insulation is expected to remain the largest segment due to its ability to energy conservation and increasing construction activities.
North America will remain the largest region due to building codes and favourable policies regarding the use of green building material in the construction industry coupled with increasing renovation activities.
Kingspan Group, Amvik Systems, BASF, Alumasc Group Plc, Bauder Limited, Binderholz, Forbo International, Interface, and Owens Corning are the major suppliers in the global green building material market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global green building material market by product, application, end-user, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Green Building Material Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global green building material market by product, application, end-user, and region, as follows:
Green Building Material Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
· Exterior
· Interior
· Structural
· Others
Green Building Material Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Insulation
· Roofing
· Framing
· Interior Finishing
· Exterior Siding
· Others
Green Building Material Market by End-User [Value ($B) Shipment Analysis from 2017 to 2028]:
· Residential
· Non-Residential
Green Building Material Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Green Building Material Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the green building material market by product (exterior, interior, and structural), application (insulation, roofing, framing, interior finishing, and exterior siding), end-user (residential and non-residential) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?