Global green construction market is estimated to be valued at US$ 338.53 Billion in 2024 and is expected to reach US$ 692.28 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Green construction refers to the practice of using sustainable building materials and construction processes to create energy efficient buildings with minimal environmental impact. Growing demand for environmentally-friendly construction and the implementation of stringent regulations regarding carbon emissions can drive the green construction market growth. Governments across the world are promoting green building practices through incentives and policies in order to reduce their carbon footprint. Rising awareness about climate change and its impact is compelling builders and developers to incorporate sustainable techniques in new residential and commercial projects. Green construction materials offer several benefits such as reduced water consumption, optimized energy performance, lower air pollution levels, and decreased carbon footprint. With its potential to address sustainability challenges, green construction approach is expected to become mainstream in the near future.
Market Dynamics:
Global green construction market growth is driven by growing environmental consciousness and stringent energy efficiency mandates by regulatory bodies. Rising need for sustainability in the construction sector along with the implementation of green building codes by national governments across the world can offer opportunities for manufacturers of green building materials and green construction professionals. However, high initial costs as compared to conventional construction methods can hamper the adoption of green construction technologies, especially in developing economies. Ongoing research & development in green building insulation, energy-efficient glass, permeable concrete, and recycled aggregates expands the product options for builders, helping overcome pricing barriers. Growing consumer preference for eco-friendly buildings coupled with incentives for green construction are strengthening the business case for sustainability in the sector.
Key features of the study:
Detailed Segmentation-
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