Global Green Building Materials Market - Segmented by Application, by End-user Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)

SKU ID : INH- 12345305

Publishing Date : 01-Apr-2018

No. of pages : 137

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  • The global green building materials market is expected to register a moderate growth during the forecast period, 2018 to 2023. North America accounted for the largest market in 2017, due to the favorable policies and building codes promoting the usage of green building materials in the construction industry, coupled with increasing renovation activities.

    Favorable Government Policies for Green Buildings

    Favorable policies implemented by various governments across the world are driving the market for green building materials. Rating systems, such as Leadership in Energy and Environmental Design (LEED) in the United States, Building Research Establishment Environmental Assessment Method (BREEAM) in the United Kingdom, and Green Building Evaluation Labeling (GBEL) in China, is paving the way through incentives for greater acceptance of green building materials among consumers. Increasing urbanization, and national commitments to preserve resources and reduce greenhouse gas emissions are driving China’s steady commitment to expand the green buildings share in its massive construction market. Additionally, a number of incentives are offered in various states and cities in the United States and various countries in Europe, to encourage building owners to achieve green building certifications. Hence, the market for green building materials is growing during the forecast period.

    Increasing Demand from Residential Sector

    Rising number of building codes and policies mandating energy-efficient structures have led to the growth of green building constructions in the residential sector. According to National Association of Home Builders (NABH), around 17% of single family home builders are committed to build green homes, while 11% of them are highly involved in green building projects in 2017, in the United States. By 2022, significant growth is expected among the builders dedicated to build green homes whose figures are estimated to reach 28%. Furthermore, growing awareness among consumers, especially in developed nations, regarding the energy benefits associated with green homes, are expected to drive the residential green building materials market during the forecast period.

    North America to Dominate the Market

    North America accounted for the largest market, due to the favorable policies and building codes promoting the usage of green building materials in the construction industry, coupled with increasing renovation activities. Infrastructure development, particularly in Canada and United States, is expected to have a positive impact toward growth. Canada is one of the leading markets for global green building materials in North America. Green buildings in Canada have reached a significant milestone, with over one billion square feet of LEED projects in Canada, according to Canada Green Building Council (CaGBC). Furthermore, with the government policies directed toward Net-Zero Homes(NZH) and various initiatives taken up to drive the nation toward low-carbon footprint, increased activity is expected in the green building construction industry are driving the demand for green building materials in the region over the forecast period.

    Major Players: BASF SE, DuPont, Owens Corning, and Kingspan Group PLC, amongst others.

    Key Developments in the Market

    October 2017: BASF opened a new construction chemicals plant in Saint Petersburg, Russia. The new plant has three lines that produce concrete additives, alkali-free concrete setting accelerators, and tunneling shield lubricants

    Reason to purchase this Report

    Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    Which application is expected to dominate the market
    Which regions are expected to witness fastest growth during the forecast period
    Identifying the latest developments, market shares, and strategies employed by the major market players
    3-month analyst support, along with the Market Estimate sheet (in excel)

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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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