According to Markntel Advisors Report, Sustainable Building Materials Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Sustainable building materials are those materials that are made from renewable resources to reduce the environmental impact associated with fabrication, processing, installation, transportation, disposal, and recycling. They are employed in the address environmental challenges, including drastic climatic change, natural resource depletion, atmospheric pollution, contamination of freshwater resources, and loss of biodiversity. With the rapid construction of new green buildings across the globe as well as supportive government policies initiatives, the demand for sustainable building materials is expected to proliferate in the upcoming years.

Sustainable Building Materials Market Research Report Summary:

The Global Sustainable Building Material Market is projected to grow at a CAGR of 11% during the forecast period, 2022-27.                

Time Period Captured in the Report:

• Historical Years: 2017-20
• Base Years: 2021
• Forecast Years: 2022-27

Who are the Key Players Operating in the Sustainable Building Materials Market?

The top companies of the Sustainable Building Materials Market ruling the industry are: 

Kingspan Group plc, Amvic Inc., BASF SE, Alumasc Group plc, Bauder Ltd., Binderholz GmbH, E. I. du Pont de Nemours and Company (DuPont), Forbo Holding Ltd, Interface Inc., Owens Corning, Sika AG, Nexii Building Solutions Inc., Saint-Gobain (CERTAINTEED), Chengdu Onekin Green Building Materials Co. Ltd, Soben International (Asia Pacific) Ltd

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What is Included in Sustainable Building Materials Market Segmentation?

The Sustainable Building Materials Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Product Type
• Exterior
• Windows
• Roofing
• Others (Doors, Sidings, etc.)
• Interior
• Floorings
• Insulation
• Building Systems
• Solar Systems
• Others
• Composites
• Coatings
• Others (Finishing, Framing, etc.)
• By End User
• Residential
• Non-Residential
• Commercial
• Institutional
• Others (Industrial, Hospitality, etc.)
• By Region
• North America
• South America
• Europe
• Middle East Africa
• Asia-Pacific

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Market Dynamics:

Key Driver

• Rising Government Initiatives Towards Sustainable Building Materials

The rising push by the government to adopt sustainable buildings for limiting reducing greenhouse gas emissions has accelerated the demand for sustainable building materials. Further, the governments of several countries, including the US, China, Spain, and India, have enacted various initiatives that provide upfront discounts tax exemptions, among other benefits. Consequently, this has resulted in the establishment of new green buildings globally, which has propagated the demand for sustainable building materials across the globe.

• In 2020, the European Commission launched the Climate Target Plan 2030 to cut net greenhouse gas emissions in the European Union (EU) by at least 55% by 2030. To achieve this, the EU has identified the construction sector as one of the crucial parts of the plan. The plan involves the reduction of buildings' greenhouse gas emissions by 60%, their final energy consumption by 14%, and energy consumption for heating and cooling by 18%. In addition, the EU has promoted the utilization of sustainable building materials to scale this optimum sustainability of the buildings in the region.

Possible Restraint

• High Capital Investment as Compared to Conventional Buildings

In comparison to conventional building materials, sustainable building materials have a higher upfront cost, which has discouraged many buyers from switching. Furthermore, these materials don't provide any immediate financial benefits, yet their costs can be recovered over the long run. Due to this, the end-users have not been investing in buying sustainable building materials. Consequently, this has led to low adoption of sustainable building materials by real estate developers, individual builders, homeowners, among others.

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