Green Buildings Market Insight
Green building market is gaining fast ground as it is expected to gain an impressive CAGR of 10.26% during the forecast period (2018 to 2023), as per the study conducted by Market Research Future.
The market is cementing its foothold by contributing to save energy in building construction. Builders around the world are opting green building concept due to its affordable cost and demand in construction of an environment-friendly building. The prime factor such as concern over green revolution and its effects on the environment is providing a tailwind to the market. The most attractive notion about the green building is that the materials used do not contain lead.
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The key players of global Green Building Market includes Alumasc Group Plc (UK), Amvik Systems (Canada), BASF SE (Germany), Bauder Limited (UK), Binderholz GmbH (Germany), E. I. du Pont de Nemours and Company (U.S.), Forbo International SA (Switzerland), Interface Inc. (U.S.), Kingspan Group plc (Ireland), and Owens Corning (U.S.).
- Construction Material Suppliers
- Building/Construction Associations
- Government Associations
- Research Institutes
- Distribution Vendors
- Technology Innovators
Market Drivers & Trends
Green building is considered as the best environment-friendly project due to its sustainability and growing demand to reduce carbon footprint in many nations. With the spread of awareness about green construction, a high percentage of the population are demanding green homes, which has become a substantial factor for the market’s growth graph and will contribute highly to the expansion of the market in the coming years.
With the help of supportive government policies that are encouraging the green construction of buildings along with the contribution of Leadership in Energy and Environmental Design (LEED) are fuelling the market remarkably, at present. As an add-on, the ongoing high resale valuation of the properties in the developed countries are other factors that are kickstarting the construction of the green buildings at a rapid pace, which would ignite the market’s growth in the next five years.
On the flip side, the factor of the amount of time required to acquire LEED certifications could restrain the market growth during the assessment period.
The market for global green building globally has been segmented by product and application.
In terms of product, the market consists of interior and exterior products.
In terms of application, the market includes residential and non-residential.
Detailed Regional Outlook
The green buildings market study based on regions are analyzed in North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The market in North-America is steep and posing as the leader giving neck-to-neck competition to other regions. It is the technological advancements, and rising awareness regarding the environment is spurring the market with gaining higher valuation over the forecast period.
Asia-Pacific is also considered as the largest market for green building materials, which is accredited to the intensifying need for energy-saving construction buildings, government & non-government regulations for energy efficiency practices. Also, there has been a swelling consumer awareness regarding environmental & economic benefits, which has forced the market to explore much in the assessment period. Due to these reasons, Asia-Pacific is likely to expand at the fastest pace over the forecasted period.
Europe is currently having a second position in the market with a high valuation. It is the strict government regulations regarding the environment and technological brilliance that are giving the market the much-needed tailwind.
Lastly, the market in MEA would not relax far behind as the region is more in need of green buildings as the climate offers extreme conditions in most of the time. Thus, the market valuation could go up in the coming years with an anticipated higher CAGR as well.
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At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of research institutes and construction material suppliers. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner. Additionally, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Green Building Market Size, by Product, 2016–2023 (Usd Million)
Table 4 Global Green Building Market, by Application, 2016–2023 (Usd Million)
Table 5 Global Green Building Market, by Region, 2016–2023 (Usd Million)
Table 6 North America: Green Building Market, by Country, 2016–2023 (Usd Million)
Table 7 North America: Green Building Market, by Product, 2016–2023 (Usd Million)
Table 8 North America: Green Building Market, by Application, 2016–2023 (Usd Million)
Table 9 U.s.: Green Building Market, by Product, 2016–2023 (Usd Million)
Table 10 U.s.: Green Building Market, by Application, 2016–2023 (Usd Million)
List of Figures
Figure 1 Global Green Building: Market Structure
Figure 2 Key Takeaways of the Green Building
Figure 3 Key Buying Criteria of Green Buildings Market
Figure 4 Research Process of Mrfr
Figure 5 Top Down & Bottom Up Approach
Figure 6 Droc Analysis of Global Green Building Market
Figure 7 Drivers Impact Analysis: Global Green Building
Figure 8 Restraints Impact Analysis: Green Building Market
Figure 9 Supply Chain: Green Building
Figure 10 Porter’s Five Forces Analysis of the Global Green Building Market
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