Meticulous Research®, a renowned market research company, has released its latest publication titled, “Green Building Materials Market by Type, Product (Exterior, Interior), Application (Roofing, Siding, Insulation, Flooring), Sector (Residential, Commercial), and Geography – Global Forecast to 2031.” According to the report, the green building materials market is projected to reach $791.8 billion by 2031, growing at a CAGR of 9.9% between 2024 and 2031.

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The market’s growth is driven by increasing demand for energy-efficient buildings and insulation, widespread acceptance of green building materials, and supportive government policies encouraging sustainable construction. However, the high initial costs of green building materials compared to traditional alternatives may hinder growth.

Nevertheless, companies in this sector are expected to benefit from rising global awareness of environmental sustainability. Despite the market’s promising outlook, a lack of awareness about the benefits and availability of green building materials remains a challenge.

The market is segmented by type, product, application, and sector. Based on type, it is divided into recycled materials (steel, glass, plastic, etc.), natural materials (bamboo, cork, timber), and other materials. In 2024, recycled materials are expected to hold over 54.0% of the market, driven by growing demand for sustainable construction materials and government initiatives promoting recycling and waste reduction.

On the product front, the market is categorized into exterior products, interior products, solar products, and others. Exterior products are projected to account for over 43.0% of the market in 2024, owing to increased adoption of energy-efficient roofing and insulation materials, which reduce heating and cooling costs. The growing awareness of environmental concerns will likely drive this segment.

In terms of application, the market is divided into roofing, insulation, flooring, siding, and framing. Roofing is anticipated to dominate with over 40.0% market share in 2024, fueled by the increasing adoption of energy-efficient roofing materials in residential construction. This segment is also expected to record the highest growth during the forecast period.

The sector-wise segmentation includes residential, commercial, and others. The residential sector is set to account for the largest share of 42.0% in 2024 due to rising demand for insulation, environmentally sustainable buildings, and government regulations supporting energy-efficient structures. This segment is also projected to grow at the highest CAGR during the forecast period.

Geographically, North America is expected to hold over 35.0% of the market share in 2024. Key players such as PPG Industries, CertainTeed, and DuPont drive the demand in this region. The U.S. General Services Administration’s (GSA) investment of $2 billion in sustainable building materials is further accelerating the market growth. Meanwhile, the Asia-Pacific region is forecasted to register the highest growth, with a CAGR of 11.0%, propelled by supportive government policies, rapid infrastructure development, and increasing awareness about green building practices, particularly in 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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