PUBLISHER: Grand View Research | PRODUCT CODE: 1790327
PUBLISHER: Grand View Research | PRODUCT CODE: 1790327
Green Building Materials Market Summary
The global green building materials market size was estimated at USD 285.89 billion in 2024 and is projected to reach USD 458.61 billion by 2030, growing at a CAGR of 8.5% from 2025 to 2030. The growth is driven by rising awareness regarding climate change, government regulations encouraging sustainable construction practices, and an increasing demand for energy-efficient buildings.
Moreover, advancements in building technologies, such as energy-efficient systems, smart building solutions, and renewable materials, such as cross-laminated timber, enhance the sustainability and efficiency of construction projects, thereby favoring market growth.
The market is expected to experience robust growth driven by the escalating need for sustainable building practices. As climate change intensifies, there is a growing emphasis on reducing carbon footprint and enhancing energy efficiency in the construction sector. This shift aligns with global initiatives promoting sustainable development, which is likely to increase investments in green building materials.
Advancements in technology are paving the way for innovative materials that offer improved performance & functionality and attract stakeholders to the market. According to an article published by the World Economic Forum in September 2024, innovative building practices and materials are adept at reducing carbon emissions, as buildings contribute to nearly 40% of global energy-related emissions. Homebuyers and tenants increasingly seek properties that reduce utility costs and contribute positively to the environment.
Strategic partnerships and collaborations within the construction industry are anticipated to play a pivotal role in shaping the future of the green building materials market. Companies can leverage each other's strengths, share resources, and innovate more effectively. This collaborative approach is expected to enhance product offerings and improve supply chain efficiencies, making sustainable materials accessible across various construction sectors.
Global Green Building Materials Market Report Segmentation
This report forecasts revenue growth of the global green building materials market and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global green building materials market report based on product, application, and region: