Building and construction activities worldwide consume around 3 billion tons of raw materials each year. This value is expected to increase in the coming years, owing to the increasing demand for housing across the globe. Using green building products and materials promotes the conservation of dwindling non-renewable resources. According to BlueQuark Research & Consulting, the Global Green Building Materials Market is expected to witness a considerable growth rate during the forecast period. The green building material market is driven by the growing demand for eco-friendly buildings to promote green building standards. Moreover, the rise in environmental conservation consciousness and supportive regulations and policies further boosts the market growth. Green buildings require higher capital investment than conventional structures, which can hinder market growth in the forecast period.

Buildings worldwide consume about 40% of the planet's green materials resources and 30% of its energy and generate between 10 to 40% of the solid waste streams in most countries. According to the UK Green Building Council research, around 59% of the UK's total waste output is from construction, demolition, and excavation. According to the World Health Organization (WHO), outdoor air pollution kills around 4.2 million people worldwide. Moreover, according to recent studies, even a small increase in delicate particulate matter per cubic meter corresponds to a 15% increase in COVID-19 deaths. An analysis of air quality in Italy's northern provinces of Lombardy and Emilia Romagna also found a correlation between Covid-19 mortality rates and high pollution levels.

The international market for green building projects has grown significantly in the last ten years and is expected to grow further soon due to measurable benefits for occupants and owners, such as reduced operational costs, improved indoor air quality, and reduced energy consumption. Growth in eco-friendly building materials for green building standards is further increasing due to regulatory policies and government interventions such as the Clean Growth Strategy by the UK government to incentivize people to opt for more energy-efficient properties. Some banks in the UK offer lower interest rates to boost the construction of eco-friendly buildings. Similarly, green building programs such as Leadership in Energy and Environmental Design (LEED) have been a significant driver of market transformation globally. In developing countries such as India, about 60% of the infrastructure is yet to build, such as residential building and commercial properties evolving and incorporating green products and features in the facilities for a sustainable future.

Green buildings keep up sustainable building materials for construction technologies and emphasize the installation of energy-saving and self-sufficient appliances such as Smart Grid dishwashers, refrigerators, and washing machines. These technologies are oriented towards establishing zero-energy homes as well as commercial buildings. In July 2020, the New Zealand government announced its Building for Climate Change Programme, setting out plans to slash carbon emissions in the construction sector and improve building resilience to climate change. The New Zealand government is making a bold climate commitment with a plan to transform the building sector, which includes aggressive new efficiency standards for energy and water use and mandatory reporting requirements on construction material and construction waste.

The global Green Building Materials Market is segmented based on the Type and End-User Industry. The Application segment is further segmented as Residential and Non-Residential (Commercial, Industrial, and Institutional) and Others. The exterior product type dominated the market between the exterior and interior features and is expected to continue dominance in the forecast period.

The residential sector has become a big market for environment-friendly green building materials due to growing public awareness and disposable incomes. Residential green building practices include designing and constructing homes that use energy, water, and materials efficiently, have a reduced impact on the physical environment, and promote a healthy indoor environment. Population growth and housing developments are primarily impacted by our environment and quality of life. The sheer number of existing housing units and the potential impact of future growth in the state directly increase the need for an integrated green building approach to housing. The Sustainable Building Industry Council has adopted the tagline "Beyond Green" in a commitment to design and build high-performance homes with a strongly integrated approach to design. Moreover, the International Code Council has released 14 codes, dubbed the I-Codes or the International Family of Codes. I-Codes address various topics, including fire safety, energy efficiency, and green building construction for a sustainable residential sector. In India, the Indian Green Building Council is developing more than 1.5 billion sq. ft of green building space, which is equivalent to more than 1,800 projects and 1,300,000 dwelling units for families. Over 500 developers are involved in about 175 towns and cities of India.

The global Green Building Materials Market is segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa based on geography. North America dominated the market, supported by the government's regulations on using green building materials.

The United States is the world's biggest economy. The country's GDP has decreased at an annual rate of 5% in the first quarter and 9.5% in the second quarter of 2020 due to the ongoing coronavirus pandemic. Leadership in Energy and Environmental Design (LEED) is developed by the US Green Building Council that provides a framework for implementing measurable green building design, construction, operations, and maintenance solutions. It works throughout the building lifecycle. According to the Department of Energy, buildings account for 71% of the United States' electricity use and 38% of all greenhouse gas emissions. LEED claims to cut those numbers by 25-30% in the region by 2030. There are currently over fifty regional and national green labeling programs throughout the United States involved in regulating construction techniques, waste reduction & recycling, and water-efficient processes. According to LEED, the US demand for green building materials is expected to expand by more than 15% shortly, generating more than USD 100 billion in sales. Forest Stewardship Council-certified lumber and wood panels, produced via environmentally responsible and socially beneficial forestry practices, are expected to post the most substantial growth among green products.

According to Associated General Contractors of America, construction activity contributes to the US economy. The construction industry has more than 680,000 employers with over 7 million employees and creates nearly USD 1.3 trillion worth of structures each year. The construction industry in the region is growing due to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings. In 2020, construction spending in the first two months combined increased 8% from the same period in 2019, spurred by a 13% jump in single-family construction, an 11% rise in public construction, and the lowest 1% increase in private non-residential spending. Greenhouse construction is beneficial in curbing pollution levels and is expected to be adopted by many of the new construction and renovations in the region's big cities. For instance, New York has about one million buildings, of which 90% are predicted to exist in 2050. To substantially cut emissions, the government plans the bulk of the reductions by renovating the buildings with green construction to cut carbon emissions. The United States has one of the world's most well-established governmental air quality monitoring networks. Efforts put in place as a result of the Clean Air Act of 1970 and the 1990 amendments have created gradual improvements in national air quality across all six critical criteria pollutants.

The global market for green building materials is consolidated. Some of the primary vital players are DuPont, Owens Corning, Kingspan Group, Sika AG, Basf SE, and PPG Industries Inc.

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Our Global Green Building Materials Market report provides deep insight into the current and future state of the green building materials market across various regions. Also, the study comprehensively analyzes the green building materials market by segments based on type (Interior Products (Flooring, Insulation, and Paint), Exterior Products (Roofing, Windows, and Doors), and Others (Structural Products, Plumbing Fixtures, etc.)), and by end-user industry (Residential and Non-residential (Commercial, Industrial and Institutional), and Others), and by Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on market growth, in detail. The study covers & includes emerging market trends, market developments, market opportunities, market size, market analysis, market dynamics, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market share and projects.