Green building materials are an environmentally friendly solution as they are produced from recyclable products. Green building materials are ideal construction materials as they help in conserving non-renewable resources and also reduce environmental impact. Moreover, green building materials are a durable and energy-efficient solution that makes them suitable for creating various infrastructure.
The global green building materials market is estimated to be valued at US$ 259.41 million in 2021 and is expected to exhibit a CAGR of 10.5 % over the forecast period (2021-2028).
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Rapid growth in the construction sector across developing regions coupled with the growing adoption of advanced building material is fostering growth of the green building materials market. Growing environmental concerns is encouraging innovative green construction material which is again augmenting growth of the market. For instance, in April 2021, Lafarge Egypt, a member of LafargeHolcim Group, has introduce EcoLabel cement for the first time in Egypt.
On the other hand, the high cost and slowdown of the economy due to the Covid-19 impact is expected to restrict growth of the market.
Global Green Building Materials Market, By Application :
Global Green Building Materials Market, By End-user :
Key companies covered as a part of this study include Alumasc Group Plc, Amvik Systems, BASF SE, Bauder Limited, Binderholz GmbH, CertainTeed Corporation, E. I. du Pont de Nemours and Company , Forbo International SA., Interface Inc., Kingspan Group plc, Lafarge, and Lhoist UK Ltd/Tradical
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