Meticulous Research® , an authoritative global market research firm, has published a new report titled ‘ Green Building Materials Market by Type, Product (Exterior, Interior), Application (Roofing, Siding, Insulation, Flooring), Sector (Residential, Commercial) and Geography - Global Forecast to 2031’ . The report estimates that the green building materials market will reach $791.8 billion by 2031 , with a CAGR of 9.9% from 2024 to 2031.

The growth of the green building materials market is driven by the rising demand for energy-efficient buildings, broader acceptance of green materials, and strong government support for sustainable construction practices. However, the higher initial costs of green materials compared to conventional alternatives may present challenges.

Despite these hurdles, there are considerable growth opportunities for market players due to the increasing focus on environmental sustainability. Limited awareness about the benefits and availability of green materials, however, may hinder market expansion.

The market is segmented by type (recycled materials, natural materials, other materials), product (exterior products, interior products, solar products, other products), application (roofing, insulation, flooring, siding, framing, other applications), and sector (residential, commercial, other sectors). The report also includes a competitive analysis and regional and national market evaluations.

The recycled materials segment is projected to lead with more than 54.0% of the market share in 2024. This dominance is due to increased use of recycled materials, growing demand for sustainable solutions, and government initiatives to reduce construction waste. The segment is also expected to experience the highest CAGR during the forecast period.

Exterior products are forecasted to hold over 43.0% of the market share in 2024. This growth is driven by a rise in demand for high-performance insulation and reflective roofing, growing consumer awareness of environmental issues, and the adoption of innovative exterior products. The segment’s expansion is fueled by the need for energy-efficient buildings and improved indoor air quality.

In terms of application, roofing is expected to account for a significant share of over 40.0% in 2024. The segment’s growth is attributed to the increasing adoption of advanced roofing solutions, rising demand for materials that enhance indoor comfort, and the emphasis on energy-efficient roofing. It is also expected to register the highest CAGR during the forecast period.

By sector, the residential segment is anticipated to lead with over 42.0% of the market share in 2024. This is due to the increasing demand for energy-efficient homes, a focus on sustainability, and stringent building regulations. The residential segment is also projected to experience the highest growth rate over the forecast period.

North America is expected to hold the largest share of over 35.0% in 2024. The region’s market strength is supported by major players such as PPG Industries, Inc., CertainTeed, LLC, Interface Inc., and DuPont de Nemours, Inc. Factors driving North America’s market include a focus on energy-efficient building practices and significant investments in low-carbon construction materials.

On the other hand, the Asia-Pacific region is forecasted to register the highest CAGR of 11.0% during the forecast period. The region’s growth is fueled by increasing demand for eco-friendly materials, supportive government policies, and rapid development in countries like Japan, South Korea, and India.

Key Players

The key players operating in the green building materials market are DuPont de Nemours, Inc. (U.S.), Holcim Group (Switzerland), Interface Inc. (U.S.), Kingspan Group plc (Ireland), Owens Corning (U.S.), PPG Industries, Inc. (U.S.), Sika AG (Switzerland), Bauder Ltd. (U.K.), Amvic Inc. (Canada), Binderholz GmbH (Germany), Alumasc Group Plc (U.K.), BASF SE (Germany), CertainTeed, LLC. (U.S.), Forbo International SA (Switzerland), and LG Hausys Ltd (South Korea).

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Key Questions Answered in the Report:

• Which are the high-growth market segments in terms of material, product, application, and sector?
• What was the historical market size for green building materials globally?
• What are the market forecasts and estimates for 2024–2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the green building materials market?
• Who are the major players in the green building materials market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the green building materials market?
• What are the various growth strategies adopted by major market players?
• What are the major market trends, and which are the high-growth countries?
• Who are the local emerging players in the green building materials market, and how do they compete with other players?

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