The green buildings market involves the manufacture and construction of residential and commercial buildings using environmentally sustainable materials and practices. Some key advantages of green buildings include reduced operational costs through energy and water efficiency, lower carbon footprint, improved indoor air quality, and enhanced occupant health and productivity. With growing awareness about the environmental impact of conventional buildings, there is an increasing need for sustainable construction practices that minimize waste and conserve natural resources.
The green buildings market is estimated to be valued at USD 565.33 Bn in 2024 and is expected to reach USD 1,060.50 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
Key players operating in the green buildings market are LafargeHolcim, Kingspan Group, Bauder Limited, BASF SE and Saint-Gobain.
The key opportunities in the Green Buildings Market include government initiatives and policies to promote green construction, rising consumer preference for sustainable living, and incentives and tax benefits for builders and homeowners.
Major players in the market are focusing on global expansion by entering emerging economies in Asia Pacific and Latin America through strategic collaborations and acquisitions to tap the growing demand for sustainable buildings.
Market drivers
Growing environmental regulations and mandatory compliance with green building codes and standards in many countries are driving the demand for green construction materials and practices. Stringent norms regarding energy-efficiency are propelling the market growth.
Market restraints
High upfront costs associated with green building materials and technologies compared to conventional building methods is a major challenge restricting widespread adoption. Additionally, the lack of skilled workforce and technical know-how pose difficulties in execution of green construction projects.
Segment Analysis
The green buildings market is dominated by the residential segment. This segment accounts for around 60% of total market share owing to rising construction of green residential spaces and growing urban population globally. Residential green buildings are seeing higher demand and adoption as people are increasingly looking for eco-friendly living spaces which help reduce energy bills and ensure a cleaner environment. The commercial segment is the second largest and growing at a steady pace.
Global Analysis
The North America region currently dominates the global green buildings market with over 40% share. This is attributed to strong governmental support through rebates and tax credits for green constructions in the US and growing consumer awareness. Europe holds the second largest market driven by EU directives to achieve near-zero energy buildings by 2020. The Asia Pacific region is identified as the fastest growing market for green buildings owing to rapid industrialization and infrastructure development particularly in countries like China and India. Rising environmental degradation is prompting initiatives like the Green Building Standard in India to promote sustainability.
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The Business Research Company published its Nonresidential Green Buildings Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global nonresidential green buildings market.
The report covers the nonresidential green buildings market’s segments- by product: interior products; exterior products and by application: office; education; hotels and restaurants; retail; institutional/ assembly; healthcare; warehouse.View Complete Report: https://www.thebusinessresearchcompany.com/report/nonresidential-green-buildings-global-market-report Nonresidential Green Buildings Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The Business Research Company published its Multi-Family Housing Green Buildings Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global multi-family housing green buildings market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the multi-family housing green buildings market’s segments- by type into new constructions, remodeling projects.
View Complete Report: https://www.thebusinessresearchcompany.com/report/multi-family-housing-green-buildings-market-global-report-2020-30-covid-19-growth-and-change Multi-Family Housing Green Buildings Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global multi-family residential green buildings market is expected to decline from $47.5 billion in 2019 and to $45.01 billion in 2020 at a rate of -5.2%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
