Meticulous Research®, a prominent market intelligence firm, has released its latest report titled “Green Building Materials Market by Type, Product, Application, Sector, and Geography – Global Forecast to 2031.” According to the report, the global market for green building materials is set to reach $791.8 billion by 2031, growing at a 9.9% CAGR from 2024 to 2031.

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The key factors driving market growth include the rising demand for energy-efficient buildings, the increasing adoption of green construction practices, and supportive government regulations. However, the high costs associated with these materials compared to traditional building supplies could hamper growth.

The market’s segmentation by type includes recycled, natural, and other materials. The recycled materials segment is anticipated to dominate with over 54.0% market share in 2024, driven by heightened focus on waste reduction and government initiatives promoting recycling.

In terms of product categories, the exterior products segment is forecast to account for more than 43.0% of the market share in 2024. This category’s growth is driven by increased demand for energy-efficient insulation and roofing materials, which help reduce energy consumption in buildings.

Regarding applications, roofing is projected to lead with over 40.0% market share in 2024, fueled by rising demand for sustainable roofing solutions in residential buildings.

The residential sector is expected to dominate the market with a share of over 42.0% in 2024, driven by the increasing focus on energy-efficient homes and rising environmental awareness. This segment is also anticipated to register the highest growth rate during the forecast period.

Geographically, North America is expected to hold the largest share of the global green building materials market, accounting for more than 35.0% in 2024. The presence of key players such as PPG Industries and CertainTeed, along with government investments in sustainable construction, are major growth drivers in this region. The Asia-Pacific region, however, is expected to grow at the highest CAGR of 11.0%, driven by increasing infrastructure development and government support 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).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/green-building-materials-market-5985

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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