Global Green Building Market to Grow at a CAGR of 9.75% Due to Purchasing Convenience

The demand for green buildings is rising due to growing environmental awareness, energy cost savings, and stricter regulations. They reduce carbon footprints, enhance energy efficiency, and promote healthier living spaces. Businesses and homeowners are prioritizing sustainability, while governments offer incentives for eco-friendly construction.

According to the Markets and Data Research report, “Global Green Building Market Assessment, Opportunities and Forecast, 2018-2032”, the global green building market was estimated at USD 683.11 billion in 2024 and is anticipated to reach USD 1,444.77 billion by 2032, growing at a CAGR of 9.75% during the forecast period. Due to growing awareness of environmental sustainability, energy efficiency, and carbon footprint mitigation, the worldwide green construction industry has experienced rapid expansion in recent years. By reducing energy, water, and material consumption and creating better living and working environments, green buildings optimize environmental performance. Better interior air quality, sustainable material use, renewable energy, and efficient systems are all features of green buildings.

Government regulations, tax credits for green buildings, and market demand for green buildings in residential and commercial sectors fuel the industry. The industry is led by the North America, European, and Asia-Pacific regions and is followed by countries such as Germany, the U.S., and China. Green buildings are also happening in emerging markets due to urbanization and environmental concerns.

Technology innovation such as green LEED and BREEAM certification, and smart building technology are also affecting the market. On some of the challenges that these systems are experiencing include higher upfront cost and lower familiarity in certain markets.

Spread through 232 pages, the "Global Green Building Market" report includes an in-depth TOC, over 135 market data figures, latest market developments, key drivers and opportunities, and a thorough study of major company profiles. Moreover, the report offers strategic recommendations, market share analysis, and drivers in detail.

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Key Takeaways:

• Growing urbanization is largely driving the demand for green buildings as cities race to reduce their carbon footprint and enhance the quality of life. As urbanization continues to gain speed, the necessity to adopt green building practices that save resources, reduce wastage, and lower carbon emissions is of high priority. It encompasses not only an environmental aspect but also the aspiration to create a healthier and more efficient urban living experience for residents. Governments of the world are playing an active role in this shift as well, with stricter building codes and green building incentives. The policies promote the development of a collaborative framework that incentivizes developers and builders to enhance energy efficiency in buildings, reduce waste, and utilize sustainable materials. Policies play a fundamental role in accelerating the use of green building principles across different building sectors.
• Increased consumer awareness regarding the environment is forcing developers to choose sustainable approaches. Green buildings are in demand by home buyers and businesses today, thus promoting competitiveness and market value of the property. This generates competitive innovation in construction and material processes, further increasing sustainability.
• In construction planning, the use of renewable energy sources, such as wind and solar electricity, is becoming increasingly prevalent. In addition to minimizing the use of conventional energy infrastructure, this helps in the global effort to tackle climate change. By combining these factors, the building sector is moving toward a more sustainable future.

Global Green Building market is segmented into the following categories:

By Product Type: Exterior Products, Interior Products, Building Systems, Construction Materials, Others

By Building Type: Residential, Commercial, Industrial, Institutional, Public Infrastructure

By Application: Insulation, Roofing, Flooring, Others

By Region: North America, Europe, South America, Asia-Pacific, Middle East and Africa

Based on product type, the product type segment of the green building market is dominated by exterior products because of their inherent contribution towards energy efficiency, insulation, and sustainability. Energy-efficient windows, green roofs, and sustainable siding products have a strong environmental advantage and cost-saving impact. Their widespread use in construction projects is a testament to their inherent contribution towards the pursuit of green building certifications and achieving global sustainability goals.

By building type, residential is the larger segment of the green building market owing to consumer demand for environmentally friendly and energy-efficient houses. Greater concern about environmental benefits, government tax incentives, and lower utility bills stimulate take-up. Green residential buildings embrace sustainable products, efficient systems, and water conservation technologies, emulating worldwide trends for sustainability and stricter building regulations. The segment still spearheads market growth.

By application, the insulation sector leads the green building sector in driving energy efficiency and sustainability. Fiberglass, cellulose, and foam slow down the heat transfer process, minimizing energy needs for heating and cooling. Encouraged by strict energy codes, environmental concerns, and cost-saving opportunities, insulation is used extensively throughout residential and commercial buildings. Its capacity to mitigate carbon emissions and minimize operational expenses puts it in an authoritative share of the green construction market.

North America is the leader in the world green building market due to strict eco-friendly policies, technological advancements, and increasing focus on sustainability. The United States and Canada are at the forefront of countries, and LEED (Leadership in Energy and Environmental Design) certification is a normative process. Government incentives, corporate sustainability practices, and the need for green buildings also accelerate growth. Infrastructure development in the region is strong, construction practices are innovative, and carbon footprint reduction emphasizes the region the trendsetter. The green drive in North America is a model for international green buildings.

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Major Companies Operating in the Global Green Building Market Include:

• Schneider Electric SE
• Owens Corning
• BASF SE
• Cemex, S.A.B. de C.V.
• Kingspan Holdings (Ireland) Limited
• Binderholz GmbH
• DuPont de Nemours, Inc.
• Johnson Controls International plc
• Bauder Limited
• Siemens AG
• The Alumasc Group plc
• Amvic Inc

Companies in the global green building market are investing in different research and development activities to address the growing concern of sustainable buildings and introducing new sustainable building products. Also, companies specializing in building technologies and energy efficiency solutions support organizations to enhance building sustainability. In addition, companies are producing insulation materials that contribute to energy efficiency and thermal comfort in buildings, encouraging sustainable construction practices. Furthermore, key participants in the market are adopting strategies including joint ventures, mergers and acquisitions, technology partnerships, new product launches, and others to expand their market portfolio and strengthen their market position.

In May 2024, Schneider Electric, a digital energy management and automation company, revealed that its smart energy management solutions are now integrated into the London headquarters of Dar Al-Handasah Consultants Shair and Partners Holdings Ltd. (Sidara), a prominent design, engineering, and consulting firm.

“Global Green Building Market Assessment, 2018-2032” evaluates the future growth potential of the global green building market and provides statistics and information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision-makers make more strategic investment decisions for their organizations. Moreover, the report identifies and examines the emerging trends along with key drivers, challenges, and opportunities in the global green building market.

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