In a recent published report, Kenneth Research has updated the market report for Global Green Building Material Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Green Building Material Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Green building also known as green construction is practice and application of processes that are environment friendly and efficient throughout a building’s life cycle. The construction industry is responsible for maximum of resource consumption and emissions thereby degrading the environment. The green building, can be used as tool to build with objective of sustainable development. Green building reduces the global warming effect, improves air and water quality, lower operating cost and improve the health of the occupants.
The market size for green building material at present is $171,475 million and is expected to reach more than 300 million by 2022. The materials used in green building address issues like climate change, atmospheric pollution, loss of biodiversity. These materials are recyclable and enhance the production environment and quality of life. The insulation segment dominated the global green building interior products market with more than half the revenue share. The USA, Australia and European countries are most driven by green factors. Client demand, corporate commitments and lower operating costs are the top three driving green building activities.
The global green building materials market is segmented as follows:
Based on Product Type
o Exterior Products (windows, roofing, doors)
o Interior Products (Floorings, Insulation, solar products)
Based on Application
o Residential buildings
o Non-residential building (hospitals, commercial and office)
Based on Geography
o North America
o Asia Pacific
Regional /Geographic Analysis
Asia- Pacific is leading the market, followed by Europe. Brazil accounts for a three-fifth share in LAMEA green building materials market. India is growing at a faster rate in Asia -Pacific region while France accounts for about 11% share in European green building market.
The growing concern of environmental safety, water wastage and conservation of natural resources fuels the need of the global green building materials market. The home and work environment impacts individual health and wellbeing. Also, customer inclination towards aesthetically pleasing green buildings that look appealing helps alleviate both physical and mental problems. So, growing concern towards sustainability towards the environment and various regulations imposed by the government and non-governmental institutions are driving force for the green building material market.
Some of the prominent market players are Alumasc Group Plc(UK), Amvik Systems(Canada), BASF SE(Germany), Bauder Limited(UK), Forbo International SA(Switzerland) and Owen Cornins (U.S).
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research
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