Green Building Market - Global Share, Key Players, Segmentation Analysis, Business Growth and Forecast to 2027

In today's era where increasing global warming, carbon footprints, and water scarcity are major issues, green building market is attracting the population as it is eco friendly, sustainable, energy efficient, and water resistant. The purpose of green building market is achieved by utilizing solar system, rainwater harvesting system, heating ventilation and air conditioning system (HVAC System), and smart lighting. Green building market is expected to showcase significant growth as consumers are becoming aware of benefits associated with green buildings, government focuses on lowering carbon footprints and increasing electricity production from renewable sources of energy. As electricity production from coal fired power plants emits huge amounts of carbons. For instance, according to International Energy Agency, in 2018, carbon dioxide released from coal fired power generation plants grew to a historic high of 10.1 Gigatons.

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During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown. This has impacted the overall demand for building material. Majority of decline was witnessed in the industrial sector, where countries had imposed shut down of manufacturing facilities to reduce the spread of Covid-19 which led to distruption in supply chain of green building materials.

According to UnivDatos Market Insights (UMI)’ research report “Global Green Building Market”, the market is expected to witness a double digit growth during the forecast period 2021-2027F. Besides sustainable construction, governments across the globe are focusing and taking initiatives for green economy. Huge investments in research and development to develop cost effective building materials made by governments and developers are further accelerating the market. However, high investment required while constructing green building is a major setback of the market. Owing to this, many countries are supporting the end users in the form of various tax saving schemes, by providing subsidies, and easily available home loans at cheaper rates of interests.

Based on Product Type, the global green building market is bifurcated into exterior and interior products. Exterior products used while constructing a green building includes roofing, rainwater harvesting system, solar products, and HVAC systems. Water scarcity which is a major concern globally, governments are supporting rainwater harvesting to reduce it. Rainwater harvesting system is extensively used in green buildings to make it eco friendly and reduce water scarcity. According to UNCEF, four billion people almost two thirds of the world’s population experience severe water scarcity for at least one month each year.

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Based on Application, market is sub-segmented into residential and non-residential sectors. Green building market is gaining high traction in residential sector due to consumer awareness for sustainable and energy efficient buildings coupled with increasing income levels. In addition, residential sector would be driven due to rising number of building regulations and policies mandating energy-efficient structures. Trend is moving towards high rise residential buildings and townships which will further boost the demand of green building in residential sector.

Asia Pacific to witness the highest growth

Based on region, the report provide detail analysis for overall adoption of Green Building in major region including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Asia Pacific is expected to see a high growth for green building owing to increasing governments focus on sustainable development and availability of cost competitive workforce. Region is running out of resources and facing imbalances due to over population, governments are taking important steps to control the imbalances. In this scenario, green building play a major role to prevent draining out of natural resources and lowering down carbon footprints in the region as green buildings uses smart lighting and eco friendly ways to reduce water and energy wastage.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Green Building market are (RedBuilt, LLC, Owens Corning, Bauder Limited, Binderholz GmbH, Ginkgo Sustainability Inc., Kingspan Group plc, Saint Gobain S A, E.I. Du Pont De Nemours and Company, Interface, Inc., Weinerberger AG). These companies are taking various strategic decision to increase their market presence.

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Some of the instances are:

§?In June 2021, Ginkgo Bioworks Announces R&D Collaboration with Sumitomo Chemical to Develop More Sustainable Bio-Based Chemicals for Multiple Industries. Ginkgo Bioworks, Inc. announced the signing of a program in a partnership with the?Sumitomo Chemical Co., Ltd. one of?Japan's?leading chemical companies. Ginkgo is building the leading horizontal platform for cell programming, to serve customers across industries seeking to develop better products.

§?In May 2021,?Owens Corning to produce new high-performance 3D printing materials. Impossible Objects has announced a joint development agreement with?Owens Corning to develop new materials for Impossible Objects’?composite-based additive manufacturing (CBAM)?process.The collaboration with Owens Corning, a global building and industrial materials leader, will reportedly enable the production of stronger parts at costs lower than other 3D printing processes.

§?In August 2020, BASF 3D Printing Solutions?GmbH has acquired the XSTRAND business line from Owens Corning, a global building and industrial materials leader. The scope of the acquisition entails the transfer of the brand and key IP, but does not envisage the transfer of any personnel.This acquisition will enable Forward AM to expand its portfolio with advanced glass-fiber reinforced filaments. The superior strength of this material meets the needs of customers with demanding applications in 3D printing.

“Global Green Building Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.??????

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Market Segmentation:

1.????By Product Type (Exterior and Interior Products)

2.????By Application (Resential and Non-Residential)

3.????By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

4.????By Company (RedBuilt, LLC, Owens Corning, Bauder Limited, Binderholz GmbH, Ginkgo Sustainability Inc., Kingspan Group plc, Saint Gobain S A, E.I. Du Pont De Nemours and Company, Interface, Inc., Weinerberger AG)

Key questions answered in the study:

1.????What are the current and future trends of the global green building industry?

2.????How the industry has been evolving in terms of end-user demand and product category?

3.????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.????What are the key growth drivers and challenges for the global green building industry?

5.????What are the customer orientation, purchase behavior, and expectations from the global green building suppliers across various region and countries?