What is the future of ? Know Covid Impact on Size, Share & Forecasts
July 08,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Green Building Materials Market.
Green building materials market is likely to witness an impressive CAGR of 12.4% during the forecast period. The growing demand for green building materials is mainly due to the government policies encouraging usage of clean and green source of material and increasing awareness of these materials.
Green building materials are made of renewable sources which can be recycled or reused rather than nonrenewable resources. They are environmentally friendly materials. Majorly used materials are earthen material, engineered wood, bamboo, insulated concrete forms, and many more.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the end-user industry type, the market is segmented as residential, commercial, institutional and others. The residential segment is expected to remain dominant as well as the fastest-growing segment of the market during the forecast period owing to increasing per capita income of developing countries and shift from conventional buildings to energy-efficient buildings. Additionally, increasing awareness among public regarding usage of environmentally friendly material for building homes has boosted the demand for green building materials in the segment.
In terms of regions, North America is estimated to be the largest green building materials market during the next five years, with the USA, Canada, and Mexico being the major countries offering promising. The growth of the market is owing the, per-capita income of countries, extensive growth of the construction in the region, and presence of a large number of green building materials manufacturers in the region. The green building materials market is mainly driven by increase in population and rise in construction of residential and non-residential buildings.
Key Players:
- BASF SE
- Binderholz GmbH
- Black Mountain Insulation Limited
- CERTAINTEED
- Chengdu Onekin Green Building Materials Co. Ltd
- DuPont
- ElementalGreen
- Interface Inc
- IsoHemp
- Kingspan Group
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Green building materials market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors