MarkNtel Advisors recently published a detailed industry analysis of the Global Sustainable Building Materials Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Sustainable Building Materials Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Sustainable Building Materials Market is projected to grow at a CAGR of 11% during the forecast period, 2022-27.
Key Findings in Global Sustainable Building Materials Market:
- Historical Analysis: 2017–2020
- Base Year: 2021
- Forecast Period: 2022–2027
Leading Market Players- 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
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Sustainable Building Materials industry?
- 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.
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What segments define the Global Sustainable Building Materials Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Product Type
- Exterior
- Windows
- Roofing
- Others (Doors, Sidings, etc.)
- Interior
- Floorings
- Insulation
- Building Systems
- Solar Systems
- Others
- Composites
- Coatings
- Others (Finishing, Framing, etc.)
According to report, Of them all, Solar Systems accumulated a notable market share in the global sustainable building material market during the historical period.
By End User
- Residential
- Non-Residential
- Commercial
- Institutional
- Others (Industrial, Hospitality, etc.)
According to report, Among these, the Residential end-user acquired a significant market share in the Global Sustainable Building Material market during the historical period.
Explore the Complete Global Sustainable Building Materials Market Analysis Report – https://www.marknteladvisors.com/research-library/sustainable-building-materials-market.html
Geographical Analysis: Global Sustainable Building Materials Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Sustainable Building Materials Market Recent Development:
- In 2021, Sika acquired American Hydrotech Inc., based in the US, and its associate Hydrotech Membrane Corporation, based in Canada. With these acquisitions, Sika would benefit from Hydrotech’s experience in providing green roofs with the use of liquid membranes. It would help Sika to extend its portfolio of full-system roofing & waterproofing solutions.
- In 2021, Sika signed an agreement to acquire MBCC Group, one of the leading suppliers of construction chemicals globally. Through this acquisition, the company aims to expand its product portfolio of sustainable construction products.
- In 2020, Nexii Building Solutions, a Canadian green construction technology company, announced to build two full-scale plants in Canada, one in Alberta & the other in Toronto, Ontario. In addition, the company plans to build a manufacturing facility in Pennsylvania. These next three plants will be estimated to cost approximately USD58 million together to produce Nexii's green building technologies.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Sustainable Building Materials Market?
- How is the Global Sustainable Building Materials Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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