The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.
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Market Insights
The Green Building Materials Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.
Profiling Key Companies –
BASF SE
Binderholz GmbH
Black Mountain Insulation Limited
CERTAINTEED
Chengdu Onekin Green Building Materials Co. Ltd
DuPont
ElementalGreen
Interface Inc
IsoHemp
Kingspan Group
Growth drivers and Market Value:
This report, from Stratview Research, studies the Green Building Materials Market value and growth drivers over the trend period of 2022-27. According to the report -
Green building materials market is likely to witness an impressive CAGR of 12.4% during the forecast period. The growing demand for green building materials is mainly due to the government policies encouraging usage of clean and green source of material and increasing awareness of these materials.
Based on End-User Industry Type:
Based on the end-user industry type, the market is segmented as residential, commercial, institutional and others. The residential segment is expected to remain dominant as well as the fastest-growing segment of the market during the forecast period owing to increasing per capita income of developing countries and shift from conventional buildings to energy-efficient buildings. Additionally, increasing awareness among public regarding usage of environmentally friendly material for building homes has boosted the demand for green building materials in the segment.
Based on Region:
In terms of regions, North America is estimated to be the largest green building materials market during the next five years, with the USA, Canada, and Mexico being the major countries offering promising. The growth of the market is owing the, per-capita income of countries, extensive growth of the construction in the region, and presence of a large number of green building materials manufacturers in the region. The green building materials market is mainly driven by increase in population and rise in construction of residential and non-residential buildings.
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Covid Impact
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
- Appropriate market trend and forecast analysis.
- All-inclusive report
- Decent price-performance ratio
- Reliable data
- Attractive market segments and associated growth opportunities.
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