The rising trend towards green construction is likely to boost the growth of the green building materials market. For example, the North America Commission's increased efforts to replace conventional materials with green construction technologies are supporting market development. High capital expenditure as compared to conventional structures, as well as the market effect of COVID-19, are anticipated to stymie the expansion of the green building materials industry. The key industrial propellants are rising energy costs and high performance green building goods. Yet, unequal energy regulatory enforcement and price-sensitive customers may impede progress. Interior green construction elements are gaining commercial momentum. Interior materials' advantages such as higher aesthetics, enhanced lighting, and improved indoor air quality are fueling market expansion. Moreover, interior materials help to maintain humidity and provide better control over air quality. All of these reasons are expected to drive the growth of the green building materials market throughout the forecast period.
According to Coherent Market Insights, Global Green Building Materials Market was valued at US$ 259.41 Million in 2021 in terms of revenue, exhibiting a CAGR of 10.8% during the forecast period (2022 to 2030).
Prominent Companies in the Green Building Industry:
1. Alumasc Group Plc
The Alumasc Group plc, together with its subsidiaries, manufactures and sells building products, systems, and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally. The company operates through Water Management, Building Envelope, and Housebuilding Products segments. The company was founded in 1928 and is based in Kettering, the United Kingdom.
2. BASF SE
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
3. Binderholz GmbH
Binderholz is a European company for solid wood products and innovative construction solutions. Binderholz counts 12 locations: around five 2,530 employees are employed in five Austrian - Fügen, Jenbach, St. Georgen, Hallein and Unternberg - five German - Kösching, Burgbernheim, Oberrot, Baruth and Wolfegg - and two Finnish - Lieksa and Nurmes. Binderholz produces sustainably and efficiently according to the no-waste principle and recycles the resource wood to 100%. The company was founded in 1950, headquartered in Austria. On Sep 29, 2017 Binderholz acquired Klenk Holz
4. CertainTeed Corporation
CertainTeed is a leading North American manufacturer of building materials including roofing, vinyl siding, trim, fence, railing, decking, insulation, gypsum, and ceilings products. Headquartered in Malvern, Pennsylvania. The company was founded in 1904. CertainTeed is a subsidiary of Saint-Gobain, one of the top 100 industrial companies in the world. On July 16, 2019 CertainTeed Corporation honors Property Renovations & Construction as one of its top North American roofing contractor partners for providing local homeowners with extended warranty coverage.
5. E. I. du Pont de Nemours and Company
E. I. du Pont de Nemours and Company Corporate Pension is a single-employer corporate pension fund based in Wilmington, Delaware. Established in 1989, the plan provides pension benefits to the employees of E. I. du Pont de Nemours. The assets of the pension fund are managed by the executive management team. The company is headquartered in Wilmington, U.S.
6. Interface Inc.
Interface, Inc. designs, produces, and sells modular carpet products primarily in the United States and internationally. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). Interface, Inc. was incorporated in 1973 and is headquartered in Atlanta, Georgia.
7. Kingspan Group plc
Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally. It operates through six segments: Insulated Panels, Insulation, Light + Air, Water + Energy, Data + Flooring, and Roofing + Waterproofing. Kingspan Group plc was founded in 1965 and is based in Kingscourt, Ireland.
8. Lafarge
Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company worldwide. The company was formerly known as LafargeHolcim Ltd and changed its name to Holcim Ltd in May 2021. Holcim Ltd was founded in 1833 and is headquartered in Zug, Switzerland. In April 2021, Lafarge Egypt, a member of LafargeHolciam Group – a Switzerland-based multinational company manufacturing building materials, developed an ecolabel cement for the first time in Egypt. This new product of the company complies with the green criteria of the company and lowers the carbon footprint
*Defnition-Green construction materials are ecologically beneficial since they are made from recyclable components. Green building materials are suitable for construction since they conserve nonrenewable resources while also reducing environmental effect.
