Green Building Market
Green Building Market Forecasts to 2030 - Global Analysis By Product Type (Exterior Products, Interior Products, Building Systems and Construction Materials), Technology (Energy-efficient Technologies, Renewable Energy Technologies, Smart Building Technologies, Water Conservation Technologies and Other Technologies), Application, End User and By Geography
According to Stratistics MRC, the Global Green Building Market is accounted for $754.3 billion in 2024 and is expected to reach $1,418.6 billion by 2030, growing at a CAGR of 11.1% during the forecast period. Green building is the practice of designing, constructing, and operating buildings to maximize resource efficiency, reduce environmental impact, and promote occupant well-being. This includes utilizing sustainable materials, energy-efficient systems, water conservation measures, and indoor environmental quality enhancements. Green buildings aim to minimize waste, reduce greenhouse gas emissions, and create healthier living and working environments, contributing to overall sustainability and environmental stewardship.
According to data from the U.S. Green Building Council (USGBC), by 2030, LEED projects will have diverted more than 540 million tons of waste from landfills.
Market Dynamics:
Driver:
Increasing awareness of climate change
Growing awareness of climate change and its impacts is driving significant demand for green building practices. As individuals, businesses, and governments recognize the role of buildings in carbon emissions, there's a push towards sustainable construction and renovation. This awareness is leading to stricter building codes, voluntary green certifications, and consumer demand for eco-friendly spaces. The building sector's potential to mitigate climate change through energy efficiency, renewable energy integration, and sustainable materials is becoming widely recognized, propelling the adoption of green building technologies and practices across residential, commercial, and industrial sectors.
Restraint:
Limited awareness
Despite growing recognition of green building benefits, limited awareness among some stakeholders remains a significant restraint. Many property owners, developers, and contractors may lack understanding of green building techniques, technologies, and their long-term benefits. This knowledge gap can lead to hesitation in adopting sustainable practices due to perceived higher upfront costs or complexity. Additionally, end-users may not fully appreciate the health, comfort, and cost-saving benefits of green buildings.
Opportunity:
Innovations in sustainable materials
New eco-friendly building materials, such as recycled plastics, bamboo composites, and low-carbon concrete, are entering the market. These materials offer improved performance, durability, and sustainability profiles compared to traditional options. Innovations in bio-based materials and circular economy principles are opening new avenues for sustainable construction. This trend is enabling architects and builders to create more environmentally friendly structures while potentially reducing costs and improving building performance, thus expanding the market for green building products and services.
Threat:
Changes in government policies
The industry heavily relies on supportive policies, incentives, and building codes to drive adoption. Shifts in political landscapes or economic priorities could lead to reduced support for green initiatives, potentially slowing market growth. Changes in tax incentives, energy efficiency standards, or environmental regulations could impact the economic viability of green building projects. Additionally, inconsistent or conflicting policies across different regions can create uncertainty for industry players, potentially hindering investment and innovation in sustainable building practices.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted construction activities and supply chains, slowing green building projects. However, it also heightened awareness of indoor air quality and health-focused building design. This shift accelerated interest in green building practices that prioritize occupant health and well-being. Long-term, the pandemic may drive increased demand for sustainable, resilient buildings that can adapt to future crises.
The energy-efficient technologies segment is expected to be the largest during the forecast period
The energy-efficient technologies segment is anticipated to dominate the green building market due to their immediate and tangible benefits in reducing operational costs and environmental impact. This segment includes advanced HVAC systems, LED lighting, smart energy management systems, and high-performance building envelopes. These technologies offer significant energy savings, lower carbon emissions, and improved comfort for occupants. The growing focus on net-zero energy buildings and stringent energy efficiency regulations further drive adoption.
The government bodies segment is expected to have the highest CAGR during the forecast period
The government bodies segment is experiencing the highest growth rate in the green building market due to increasing policy initiatives and public sector commitments to sustainability. Governments at various levels are implementing green building standards for public facilities, setting examples for the private sector. They are also introducing regulations, incentives, and funding programs to promote sustainable construction practices. The public sector's focus on reducing carbon emissions, improving energy efficiency, and enhancing the resilience of infrastructure is driving the rapid adoption of green building practices.
Region with largest share:
During the forecast period, North America is expected to dominate the green building market due to several factors. The region has stringent building codes and regulations promoting sustainability and energy efficiency. There is a high level of awareness and adoption of green building practices among builders and consumers. Additionally, government incentives and subsidies encourage investment in green buildings. The presence of key market players and advancements in sustainable building technologies further bolster market growth, positioning North America as a leader in the green building sector.
Region with highest CAGR:
During the forecast period, the Asia Pacific region is anticipated to experience rapid growth in the green building market. The growth is due to increasing urbanization, rising environmental awareness, and stringent government regulations promoting sustainable construction practices. Countries like China, India, and Japan are leading the charge with robust green building initiatives and policies supporting sustainable development. Additionally, the growing demand for energy-efficient buildings to reduce operational costs, coupled with significant investments in green infrastructure by both the public and private sectors, is driving market expansion.
Key players in the market
Some of the key players in Green Building market include Siemens AG, Kingspan Group, Saint-Gobain, BASF SE, Owens Corning, DuPont, Holcim, Sika AG, Interface Inc., PPG Industries Inc., Johnson Controls, Schneider Electric, Honeywell International Inc., Legrand, Carrier Global Corporation, Armstrong World Industries, Knauf Insulation, and Binderholz GmbH.
Key Developments:
In June 2024, Johnson Controls has announced that it has completed a comprehensive study analysing indoor air quality in the educational institutes across UAE in partnership with Emirates Green Business Council (EmiratesGBC), a council dedicated to advancing green buildings for environmental protection and sustainability in the UAE.
In May 2024, PPG announced it will invest $300 million in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry. These investments will commence in 2024 and span a four-year period. As part of the initiative, PPG will build a new paint and coatings manufacturing plant in Loudon County, Tennessee. The 250,000-square-foot facility, PPG’s first new manufacturing plant to be built in the U.S. in more than 15 years, will initially produce paints and coatings products and solutions for automakers and automotive parts suppliers.
Product Types Covered:
• Exterior Products
• Interior Products
• Building Systems
• Construction Materials
Technologies Covered:
• Energy-efficient Technologies
• Renewable Energy Technologies
• Smart Building Technologies
• Water Conservation Technologies
• Waste Management Technologies
• Advanced Construction Technologies
• Other Technologies
Applications Covered:
• Residential
• Commercial Buildings
• Industrial Buildings
• Institutional Buildings
End Users Covered:
• Builders and Contractors
• Architects and Designers
• Homeowners
• Government Bodies
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Green Building Market, By Product Type
5.1 Introduction
5.2 Exterior Products
5.2.1 Roofing
5.2.2 Windows
5.2.3 Doors
5.2.4 Siding
5.2.5 Other Exterior Products
5.3 Interior Products
5.3.1 Insulation
5.3.2 Flooring
5.3.3 Cabinets
5.3.4 Countertops
5.3.5 Other Interior Products
5.4 Building Systems
5.4.1 HVAC Systems
5.4.2 Lighting
5.4.3 Water Heating Systems
5.4.4 Solar Products
5.4.5 Other Building Systems
5.5 Construction Materials
5.5.1 Concrete
5.5.2 Wood
5.5.3 Metals
5.5.4 Other Construction Materials
6 Global Green Building Market, By Technology
6.1 Introduction
6.2 Energy-efficient Technologies
6.3 Renewable Energy Technologies
6.4 Smart Building Technologies
6.5 Water Conservation Technologies
6.6 Waste Management Technologies
6.7 Advanced Construction Technologies
6.8 Other Technologies
7 Global Green Building Market, By Application
7.1 Introduction
7.2 Residential
7.2.1 Single-family Homes
7.2.2 Multi-family Residences
7.3 Commercial Buildings
7.3.1 Office Buildings
7.3.2 Retail Buildings
7.3.3 Hotels
7.3.4 Other Commercial Buildings
7.4 Industrial Buildings
7.5 Institutional Buildings
7.5.1 Schools
7.5.2 Hospitals
7.5.3 Government Buildings
7.5.4 Other Institutional Buildings
8 Global Green Building Market, By End User
8.1 Introduction
8.2 Builders and Contractors
8.3 Architects and Designers
8.4 Homeowners
8.5 Government Bodies
9 Global Green Building Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Siemens AG
11.2 Kingspan Group
11.3 Saint-Gobain
11.4 BASF SE
11.5 Owens Corning
11.6 DuPont
11.7 Holcim
11.8 Sika AG
11.9 Interface Inc.
11.10 PPG Industries Inc.
11.11 Johnson Controls
11.12 Schneider Electric
11.13 Honeywell International Inc.
11.14 Legrand
11.15 Carrier Global Corporation
11.16 Armstrong World Industries
11.17 Knauf Insulation
11.18 Binderholz GmbH
List of Tables
1 Global Green Building Market Outlook, By Region (2022-2030) ($MN)
2 Global Green Building Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Green Building Market Outlook, By Exterior Products (2022-2030) ($MN)
4 Global Green Building Market Outlook, By Roofing (2022-2030) ($MN)
5 Global Green Building Market Outlook, By Windows (2022-2030) ($MN)
6 Global Green Building Market Outlook, By Doors (2022-2030) ($MN)
7 Global Green Building Market Outlook, By Siding (2022-2030) ($MN)
8 Global Green Building Market Outlook, By Other Exterior Products (2022-2030) ($MN)
9 Global Green Building Market Outlook, By Interior Products (2022-2030) ($MN)
10 Global Green Building Market Outlook, By Insulation (2022-2030) ($MN)
11 Global Green Building Market Outlook, By Flooring (2022-2030) ($MN)
12 Global Green Building Market Outlook, By Cabinets (2022-2030) ($MN)
13 Global Green Building Market Outlook, By Countertops (2022-2030) ($MN)
14 Global Green Building Market Outlook, By Other Interior Products (2022-2030) ($MN)
15 Global Green Building Market Outlook, By Building Systems (2022-2030) ($MN)
16 Global Green Building Market Outlook, By HVAC Systems (2022-2030) ($MN)
17 Global Green Building Market Outlook, By Lighting (2022-2030) ($MN)
18 Global Green Building Market Outlook, By Water Heating Systems (2022-2030) ($MN)
19 Global Green Building Market Outlook, By Solar Products (2022-2030) ($MN)
20 Global Green Building Market Outlook, By Other Building Systems (2022-2030) ($MN)
21 Global Green Building Market Outlook, By Construction Materials (2022-2030) ($MN)
22 Global Green Building Market Outlook, By Concrete (2022-2030) ($MN)
23 Global Green Building Market Outlook, By Wood (2022-2030) ($MN)
24 Global Green Building Market Outlook, By Metals (2022-2030) ($MN)
25 Global Green Building Market Outlook, By Other Construction Materials (2022-2030) ($MN)
26 Global Green Building Market Outlook, By Technology (2022-2030) ($MN)
27 Global Green Building Market Outlook, By Energy-efficient Technologies (2022-2030) ($MN)
28 Global Green Building Market Outlook, By Renewable Energy Technologies (2022-2030) ($MN)
29 Global Green Building Market Outlook, By Smart Building Technologies (2022-2030) ($MN)
30 Global Green Building Market Outlook, By Water Conservation Technologies (2022-2030) ($MN)
31 Global Green Building Market Outlook, By Waste Management Technologies (2022-2030) ($MN)
32 Global Green Building Market Outlook, By Advanced Construction Technologies (2022-2030) ($MN)
33 Global Green Building Market Outlook, By Other Technologies (2022-2030) ($MN)
34 Global Green Building Market Outlook, By Application (2022-2030) ($MN)
35 Global Green Building Market Outlook, By Residential (2022-2030) ($MN)
36 Global Green Building Market Outlook, By Single-family Homes (2022-2030) ($MN)
37 Global Green Building Market Outlook, By Multi-family Residences (2022-2030) ($MN)
38 Global Green Building Market Outlook, By Commercial Buildings (2022-2030) ($MN)
39 Global Green Building Market Outlook, By Office Buildings (2022-2030) ($MN)
40 Global Green Building Market Outlook, By Retail Buildings (2022-2030) ($MN)
41 Global Green Building Market Outlook, By Hotels (2022-2030) ($MN)
42 Global Green Building Market Outlook, By Other Commercial Buildings (2022-2030) ($MN)
43 Global Green Building Market Outlook, By Industrial Buildings (2022-2030) ($MN)
44 Global Green Building Market Outlook, By Institutional Buildings (2022-2030) ($MN)
45 Global Green Building Market Outlook, By Schools (2022-2030) ($MN)
46 Global Green Building Market Outlook, By Hospitals (2022-2030) ($MN)
47 Global Green Building Market Outlook, By Government Buildings (2022-2030) ($MN)
48 Global Green Building Market Outlook, By Other Institutional Buildings (2022-2030) ($MN)
49 Global Green Building Market Outlook, By End User (2022-2030) ($MN)
50 Global Green Building Market Outlook, By Builders and Contractors (2022-2030) ($MN)
51 Global Green Building Market Outlook, By Architects and Designers (2022-2030) ($MN)
52 Global Green Building Market Outlook, By Homeowners (2022-2030) ($MN)
53 Global Green Building Market Outlook, By Government Bodies (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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