The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Sustainable Building Materials Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Sustainable Building Materials Industry Analytical Overview (2022-2027): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Sustainable Building Material Market is projected to grow at a CAGR of 11% during the forecast period, 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022 to 2027.
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What is Included in Sustainable Building Materials Market Segmentation?
The report has segmented the market into the following categories:
By Product Type
- Exterior
- Windows
- Roofing
- Others (Doors, Sidings, etc.)
- Interior
- Floorings
- Insulation
- Building Systems
- Solar Systems
- Others
- Composites
- Coatings
- Others (Finishing, Framing, etc.)
Of them all, Solar Systems accumulated a notable market share in the global sustainable building material market during the historical period. The increasing awareness among building contractors & consumers, along with more readily available solar systems globally, have created a market need for solar systems. To minimize the operational costs associated with power generation for the building has stimulated the demand for solar systems in this segment.
By End User
- Residential
- Non-Residential
- Commercial
- Institutional
- Others (Industrial, Hospitality, etc.)
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Key Factor Driver Sustainable Building Materials Industry Growth by 2027
The rising push by the government to adopt sustainable buildings for limiting & reducing greenhouse gas emissions has accelerated the demand for sustainable building materials. Further, the governments of several countries, including the US, China, Spain, and India, have enacted various initiatives that provide upfront discounts & tax exemptions, among other benefits. Consequently, this has resulted in the establishment of new green buildings globally, which has propagated the demand for sustainable building materials across the globe.
- In 2020, the European Commission launched the Climate Target Plan 2030 to cut net greenhouse gas emissions in the European Union (EU) by at least 55% by 2030. To achieve this, the EU has identified the construction sector as one of the crucial parts of the plan. The plan involves the reduction of buildings' greenhouse gas emissions by 60%, their final energy consumption by 14%, and energy consumption for heating and cooling by 18%. In addition, the EU has promoted the utilization of sustainable building materials to scale this optimum sustainability of the buildings in the region.
Who are the Key Players Operating in the Sustainable Building Materials Industry?
The top companies of the Sustainable Building Materials market ruling the industry are:
- Kingspan Group plc
- Amvic Inc.
- BASF SE
- Alumasc Group plc
- Bauder Ltd.
- Binderholz GmbH
- I. du Pont de Nemours and Company (DuPont)
- Forbo Holding Ltd
- Interface Inc.
- Owens Corning
- Sika AG
- Nexii Building Solutions Inc.
- Saint-Gobain (CERTAINTEED)
- Chengdu Onekin Green Building Materials Co. Ltd
- Soben International (Asia Pacific) Ltd
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FAQs (Frequently Ask Questions)
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