The global green buildings market, according to the recent report published by Market Research Future (MRFR), is projected to enjoy an impressive 10.26% CAGR through 2018 to 2023 (forecast period).
The major market players of global green building market as identified by MRFR include Amvik Systems (Canada), Alumasc Group Plc (UK), BASF SE (Germany), Binderholz GmbH (Germany), Bauder Limited (UK), Interface Inc. (U.S.), Forbo International SA (Switzerland), Kingspan Group plc (Ireland), E. I. du Pont de Nemours and Company (U.S.), and Owens Corning (U.S.).
The market players are expected to invest substantially towards research and development activities, explore untapped regions across the globe, ad focus on lucrative mergers, acquisitions, joint ventures, and strategic business partnerships to enhance their market standing in the competitive scenario of the global green buildings market over the review period.
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Drivers and Restraints
The Global Green Building Market has a very dynamic competitive scenario and is slated to witness high growth over the assessment period. Green building is acknowledged globally as a way of minimizing energy and resource demands and a prolonged process for achieving climate preservation, and healthy communities. Green building is fueling innovation in service delivery and processes, product and technology design and manufacturing, and material and resource use. Rising consumer awareness regarding the benefits of residing in green buildings, such as lower maintenance and operating costs, is expected to propel the demand for these components over the forecast period. Supportive regulations associated with the usage of these materials in the construction industry, along with the growing construction projects taking place across the globe, particularly in emerging economies, are projected to have a positive impact on market growth over the assessment period. The abundance of raw material availability, along with a higher concentration of manufacturers, is estimated to cater to the rising demand for green building materials. However, this trend is slated to see new market entrants, which consequently, is poised to increase industry rivalry that will enhance product quality and lower product cost in the foreseeable future.
The global market for green buildings is segmented on the basis of product and application.
Based on the product, the global green buildings market is segmented into the interior and exterior products. On the basis of application, the market has been bifurcated into residential and non-residential.
The segments covered in the green buildings market report are analyzed with respect to four main regions, namely, Europe, North America, Asia Pacific (APAC), and the Middle East & Africa (MEA).
North America is predicted to be the largest market over the assessment period, accounting for over 35% of the total market share. This trend is slated to continue in the foreseeable future owing to the building codes and favorable policies regarding the usage of green building materials in the construction industry, coupled with increasing renovation activities.
The Asia Pacific is poised to witness the fastest growth at a 12.0% CAGR over the review period, owing to the growing residential construction sector in the region. Moreover, Paris climate agreement signed by India and China in order to reduce climate change, along with the increasing infrastructure development in both developing countries, is touted to drive the product demand in the region over the review period.
The rise in the implementation of green building regulations by numerous governments in Europe is slated to fuel the industry growth in the region. In addition to this, increasing emphasize to reduce maintenance and operational costs of the structure is estimated to encourage the demand for green building materials in Europe over the forecast period.
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List Of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 16
TABLE 3 GLOBAL GREEN BUILDING MARKET SIZE, BY PRODUCT, 2016–2023 (USD MILLION) 36
TABLE 4 GLOBAL GREEN BUILDING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 39
TABLE 5 GLOBAL GREEN BUILDING MARKET, BY REGION, 2016–2023 (USD MILLION) 42
TABLE 6 NORTH AMERICA: GREEN BUILDING MARKET, BY COUNTRY, 2016–2023 (USD MILLION) 43
TABLE 7 NORTH AMERICA: GREEN BUILDING MARKET, BY PRODUCT, 2016–2023 (USD MILLION) 43
TABLE 8 NORTH AMERICA: GREEN BUILDING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 44
TABLE 9 U.S.: GREEN BUILDING MARKET, BY PRODUCT, 2016–2023 (USD MILLION) 44
TABLE 10 U.S.: GREEN BUILDING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 44
List Of Figures
FIGURE 1 GLOBAL GREEN BUILDING: MARKET STRUCTURE 17
FIGURE 2 KEY TAKEAWAYS OF THE GREEN BUILDING 17
FIGURE 3 KEY BUYING CRITERIA OF GREEN BUILDINGS MARKET 18
FIGURE 4 RESEARCH PROCESS OF MRFR 20
FIGURE 5 TOP DOWN & BOTTOM UP APPROACH 23
FIGURE 6 DROC ANALYSIS OF GLOBAL GREEN BUILDING MARKET 25
FIGURE 7 DRIVERS IMPACT ANALYSIS: GLOBAL GREEN BUILDING 27
FIGURE 8 RESTRAINTS IMPACT ANALYSIS: GREEN BUILDING MARKET 27
FIGURE 9 SUPPLY CHAIN: GREEN BUILDING 30
FIGURE 10 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL GREEN BUILDING MARKET 31
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