Global Green Building market is expected to register a high CAGR during the forecast period. The green building market refers to the market for buildings that are designed, constructed, and operated in an environmentally sustainable manner. This includes buildings that are energy-efficient, use renewable energy sources, conserve water, reduce waste, and promote indoor environmental quality. The market for green buildings has grown significantly in recent years as more people have become aware of the benefits of sustainable building practices.
The growth of the green building market has been driven by a variety of factors, including government policies and regulations, rising energy costs, and increased public awareness of environmental issues. Many countries have introduced regulations or incentives to encourage the development of green buildings, such as tax credits, grants, and building codes that require higher energy efficiency standards. In addition to government policies, many businesses and consumers have also embraced the green building movement.For example, many companies are seeking to reduce their environmental footprint by building or renovating their facilities to be more energy-efficient and sustainable. Consumers are also increasingly interested in living and working in buildings that are healthier and more environmentally friendly. Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=15363 The green building market encompasses a wide range of building types, from residential homes to commercial office buildings to industrial facilities. While the initial cost of building a green building may be higher than a traditional building, the long-term cost savings in energy and water bills, as well as improved health and productivity of occupants, often make green buildings a worthwhile investment.
Government Regulations and Initiatives for Green Building
Government policies and regulations related to global green building vary by country, but some common examples include:
Increased Public Awareness of Environmental Issues is Driving Green Building Market Across the Globe
The increased public awareness of environmental issues has been a significant driving force behind the growth of the green building market worldwide. People are becoming more conscious of the impact that buildings and construction have on the environment and are demanding more sustainable and eco-friendly options.Green building practices aim to reduce the negative impact of buildings on the environment by promoting the use of renewable resources, reducing waste and pollution, and increasing energy efficiency. This can be achieved using sustainable materials, energy-efficient designs, and renewable energy sources such as solar and wind power.As a result, governments, developers, and investors are increasingly adopting green building practices, and many countries have introduced regulations and incentives to promote sustainable construction. For example, in the United States, the Leadership in Energy and Environmental Design (LEED) certification system is a widely recognized standard for green building design and construction.The growth of the green building market has also been driven by the economic benefits of sustainable construction. Green buildings can reduce operating costs through lower energy and water usage, which can lead to significant savings over time. Additionally, green buildings often have higher property values and are more attractive to tenants, which can provide a competitive advantage in the real estate market.Overall, the increased public awareness of environmental issues has been a driving force behind the growth of the green building market across the globe, as people seek more sustainable and eco-friendly options in all aspects of life, including the construction and operation of buildings.High Cost of Green Building MaterialsGreen building material is expensive than their conventional counterparts because the production of green materials may involve more expensive or complex manufacturing processes or sourcing of sustainable materials, which can drive up the cost of production.Moreover, the demand for green building materials is still relatively low compared to conventional materials, which means that economies of scale have not yet fully developed. As demand increases, production costs may decrease.Some green building materials may have a longer lifespan or require less maintenance, which can offset their initial cost over time. Adoption of sustainable development across the globe faces difficulties because of these substantial investments. Even while design costs make up only 3% of all building costs, sustainable development has a considerable impact. For instance, study indicates that designs of green buildings cost 32% more than non-green buildings. These factors are expected to restrain revenue growth of the market.
Increase in Demand for Green Infrastructure
Green infrastructure refers to the network of natural and semi-natural spaces, features, and systems that provide a range of ecological, economic, and social benefits to communities. These include green spaces such as parks, forests, wetlands, and green roofs, as well as water management systems like rain gardens and permeable pavements.There has been an increase in the demand for green infrastructure in recent years due to a growing awareness of the benefits it provides. The demand for green infrastructure is likely to continue growing as more people become aware of its benefits and as the impact of climate change becomes more apparent. Governments, businesses, and individuals will need to work together to develop and implement green infrastructure solutions that meet the needs of communities while protecting the environment. Green infrastructure can help manage stormwater runoff, reducing the risk of flooding and improving water quality. This is particularly important in urban areas where traditional infrastructure such as sewers and drainage systems may be overwhelmed during heavy rainfall events. Green infrastructure can also provide economic benefits, such as increasing property values, attracting tourism, and creating jobs in areas such as landscaping and horticulture.
Some of the recent developments are:
- CEMEX launched the first Green Financing Framework in the building materials sector in 2022. This would expand the company’s focus on sustainable finance and creating a more sustainable world.Invesco Ltd., a global asset management firm announced the addition of the Invesco MSCI Green Building ETF to its market-leading, thematic environmental ETF suite (GBLD).
Market Segmentation
Based on product type, the market is further bifurcated into exterior and interior. Based on application, the market is further divided into residential and non-residential. On the basis of region, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
The Green Building market is a growing industry and is becoming increasingly competitive. As more companies seek to reduce their carbon footprint and meet sustainability goals, the demand for Green Buildings is expected to increase. This has led to the emergence of new players in the market and increased competition among existing providers. This trend has led to the development of new technologies and solutions for Green Buildings, further increasing competition in the market.Some of the major players in the Green Building market include Alumasc Group Plc, Bauder Ltd., Binderholz GmBH, Certain Teed Corporation, Forbo International SA, Clark Group, The Turner Corp., Hensel Phelps, Gilbane Building Co., and The Whiting-Turner Contracting Co.
AttributeDetailsBase Year2022Historical Years2018 – 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Billion and CAGR for 2018-2022 and 2023E-2028FReport CoverageRevenue forecast, company share, competitive landscape, growth factors, and trendsSegments CoveredBy Product TypeBy ApplicationBy RegionRegional ScopeAsia-Pacific, North America, Europe, Middle East & Africa, and South AmericaCountry ScopeChina, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, ColombiaKey Companies ProfiledAlumasc Group Plc, Bauder Ltd., Binderholz GmBH, Certain Teed Corporation, Forbo International SA, Clark Group, The Turner Corp., Hensel Phelps, Gilbane Building Co., and The Whiting-Turner Contracting Co.Customization Scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and Purchase OptionsAvail of customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
In this report, the global Green Building market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- ExteriorInterior
- ResidentialNon-residential
- Asia-Pacific
- ChinaJapanIndiaAustraliaSouth Korea
- United StatesCanadaMexico
- United KingdomGermanyFranceSpainItaly
- IsraelTurkeySaudi ArabiaUAE
- BrazilArgentinaColombia
- Research Methodology
2.1. Objective of the Study2.2. Baseline Methodology2.3. Key Industry Partners2.4. Major Association and Secondary Sources2.5. Forecasting Methodology2.6. Data Triangulation & Validation2.7. Assumptions and Limitations
- Executive SummaryVoice of CustomerGlobal Green Building Market Outlook
5.1. Market Size & Forecast5.1.1. By Value5.2. Market Share & Forecast5.2.1. By Product Type (Exterior, Interior)5.2.2. By Application (Residential, Non-residential)5.2.3. By Region5.2.4. By Company (2022)5.3. Market Map5.3.1. By Product Type5.3.2. By Application5.3.3. By Region
- North America Green Building Market Outlook
6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Product Type6.2.2. By Application6.2.3. By Country6.3. North America: Country Analysis6.3.1. United States Green Building Market Outlook6.3.1.1. Market Size & Forecast6.3.1.1.1. By Value 6.3.1.2. Market Share & Forecast6.3.1.2.1. By Product Type6.3.1.2.2. By Application6.3.2. Canada Green Building Market Outlook6.3.2.1. Market Size & Forecast6.3.2.1.1. By Value 6.3.2.2. Market Share & Forecast6.3.2.2.1. By Product Type6.3.2.2.2. By Application6.3.3. Mexico Green Building Market Outlook6.3.3.1. Market Size & Forecast6.3.3.1.1. By Value 6.3.3.2. Market Share & Forecast6.3.3.2.1. By Product Type6.3.3.2.2. By Application
- Asia-Pacific Green Building Market Outlook
7.1. Market Size & Forecast7.1.1. By Value7.2. Market Share & Forecast7.2.1. By Product Type7.2.2. By Application7.2.3. By Country7.3. Asia-Pacific: Country Analysis7.3.1. China Green Building Market Outlook7.3.1.1. Market Size & Forecast7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast7.3.1.2.1. By Product Type7.3.1.2.2. By Application7.3.2. Japan Green Building Market Outlook7.3.2.1. Market Size & Forecast7.3.2.1.1. By Value 7.3.2.2. Market Share & Forecast7.3.2.2.1. By Product Type7.3.2.2.2. By Application7.3.3. South Korea Green Building Market Outlook7.3.3.1. Market Size & Forecast7.3.3.1.1. By Value 7.3.3.2. Market Share & Forecast7.3.3.2.1. By Product Type7.3.3.2.2. By Application7.3.4. India Green Building Market Outlook7.3.4.1. Market Size & Forecast7.3.4.1.1. By Value 7.3.4.2. Market Share & Forecast7.3.4.2.1. By Product Type7.3.4.2.2. By Application7.3.5. Australia Green Building Market Outlook7.3.5.1. Market Size & Forecast7.3.5.1.1. By Value 7.3.5.2. Market Share & Forecast7.3.5.2.1. By Product Type7.3.5.2.2. By Application
- Europe Green Building Market Outlook
8.1. Market Size & Forecast8.1.1. By Value8.2. Market Share & Forecast8.2.1. By Product Type8.2.2. By Application8.2.3. By Country8.3. Europe: Country Analysis8.3.1. Germany Green Building Market Outlook8.3.1.1. Market Size & Forecast8.3.1.1.1. By Value 8.3.1.2. Market Share & Forecast8.3.1.2.1. By Product Type8.3.1.2.2. By Application8.3.2. United Kingdom Green Building Market Outlook8.3.2.1. Market Size & Forecast8.3.2.1.1. By Value 8.3.2.2. Market Share & Forecast8.3.2.2.1. By Product Type8.3.2.2.2. By Application8.3.3. France Green Building Market Outlook8.3.3.1. Market Size & Forecast8.3.3.1.1. By Value 8.3.3.2. Market Share & Forecast8.3.3.2.1. By Product Type8.3.3.2.2. By Application8.3.4. Italy Green Building Market Outlook8.3.4.1. Market Size & Forecast8.3.4.1.1. By Value 8.3.4.2. Market Share & Forecast8.3.4.2.1. By Product Type8.3.4.2.2. By Application8.3.5. Spain Green Building Market Outlook8.3.5.1. Market Size & Forecast8.3.5.1.1. By Value 8.3.5.2. Market Share & Forecast8.3.5.2.1. By Product Type8.3.5.2.2. By Application
- South America Green Building Market Outlook
9.1. Market Size & Forecast9.1.1. By Value9.2. Market Share & Forecast9.2.1. By Product Type9.2.2. By Application9.2.3. By Country9.3. South America: Country Analysis9.3.1. Brazil Green Building Market Outlook9.3.1.1. Market Size & Forecast9.3.1.1.1. By Value 9.3.1.2. Market Share & Forecast9.3.1.2.1. By Product Type9.3.1.2.2. By Application9.3.2. Argentina Green Building Market Outlook9.3.2.1. Market Size & Forecast9.3.2.1.1. By Value 9.3.2.2. Market Share & Forecast9.3.2.2.1. By Product Type9.3.2.2.2. By Application9.3.3. Colombia Green Building Market Outlook9.3.3.1. Market Size & Forecast9.3.3.1.1. By Value 9.3.3.2. Market Share & Forecast9.3.3.2.1. By Product Type9.3.3.2.2. By Application
- Middle East & Africa Green Building Market Outlook
10.1. Market Size & Forecast10.1.1. By Value10.2. Market Share & Forecast10.2.1. By Product Type10.2.2. By Application10.2.3. By Country10.3. Middle East & Africa: Country Analysis10.3.1. Israel Green Building Market Outlook10.3.1.1. Market Size & Forecast10.3.1.1.1. By Value 10.3.1.2. Market Share & Forecast10.3.1.2.1. By Product Type10.3.1.2.2. By Application10.3.2. Turkey Green Building Market Outlook10.3.2.1. Market Size & Forecast10.3.2.1.1. By Value 10.3.2.2. Market Share & Forecast10.3.2.2.1. By Product Type10.3.2.2.2. By Application10.3.3. UAE Green Building Market Outlook10.3.3.1. Market Size & Forecast10.3.3.1.1. By Value 10.3.3.2. Market Share & Forecast10.3.3.2.1. By Product Type10.3.3.2.2. By Application10.3.4. Saudi Arabia Green Building Market Outlook10.3.4.1. Market Size & Forecast10.3.4.1.1. By Value 10.3.4.2. Market Share & Forecast10.3.4.2.1. By Product Type10.3.4.2.2. By Application