Green Buildings Market: Information by Product (Interiors, Exteriors), Application (Residential, Non-residential), and Region - Forecast 2027
|ID: VPR/CR/1057||Publishing Year: January 2022||Pages: 108||Format:|
Green Buildings Market Overview:
The Green Buildings Market is projected to grow from USD 350 Billion in 2020 to reach USD 950 Billion by 2027; it is expected to grow at a CAGR of 15.33% from 2020 to 2027.
During the projected period, the Global Green Building Market is expected to rise at a healthy rate. Structures that are environmentally responsible and energy-efficient throughout their life cycle are referred to as Green Building or sustainable construction. Green construction approaches strive to lessen a building's environmental impact. The majority of Green Building Materials, such as lumber, recycled metal, fibreglass, and mineral wool, are biodegradable and non-toxic. Biomass, solar power, hydropower, and wind power are all used to generate sustainable energy on-site in green buildings. A building's running energy consumption is reduced as a result of these actions. Furthermore, in Green Buildings, low-energy equipment are used to keep energy expenses low. Because of their superior insulating capabilities, most Green Building Materials, such as cellulose and fibreglass, are employed in green structures. In green buildings, methods such as rainwater collection are used to preserve water and reduce waste. Green construction also aims to eliminate energy and material waste, lowering the overall environmental effect. Because of their cheap operating costs, energy efficiency, and minimal carbon footprint, Green Buildings are widely employed for residential, commercial, and industrial reasons.
Key players in the Green Building Materials Market include NATiVE (U.S.), Bauder Limited (U.K.), Ginkgo Sustainability (Canada), Kingspan Group plc (Ireland), Green Build Products (I) Pvt Ltd (India), Saint Gobain S.A. (Germany), SGS (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Weinerberger AG (Austria), Green Building Store (U.K.), and others. The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.
The expansion of the Green Building Market in India is expected to result in massive economic growth as a result of the creation of a new industrial sector. Because Green Building is a relatively new concept in India, there are just a few specialists working in the field. However, as the market expands, architects, technologists, energy specialists, environmentalists, consultants, and other professionals with a thorough understanding of the industry will be in high demand. Some green building rating agencies, such as the IGBC and the GRIHA, have already begun to hire Green Building Specialists. The tendency will accelerate dramatically during the next decade or maybe less. As the value of green buildings is recognised by more segments of society over time, the ultimate goal of sustainability, i.e. economic development while conserving the environment, appears to be attainable.
The Worldwide Green Building Market is divided into two categories: interior and outdoor products. The market is divided into residential and non-residential applications. The segments in the Green Buildings Market Research are evaluated in terms of four major regions: North America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with country-level market sizing. The research goes into great detail on the major participants in these regions, as well as their plans for climbing the market ladder.
Green Building is a big business in North America and Europe. The market in this region is characterised by increased demand for low-energy systems and increasing awareness of sustainable construction. However, because to the rising industrial sector and rapid urbanisation in emerging nations such as India and China, Asia Pacific is likely to be the fastest-growing area. Furthermore, rising industrial pollution in the region, combined with rigorous environmental restrictions, is likely to fuel market expansion in the industrial sector. Alumasc Group Plc, Bauder Ltd., BinderholzGmBH, Certain Teed Corporation, Forbo International SA, Clark Group, The Turner Corp., Hensel Phelps, Gilbane Building Co., and The Whiting-Turner Contracting Co. are some of the leading players in the Worldwide Green Building Market.
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