Green Construction Market, By Product Type (Exterior Product, Interior Product, Solar Products, Building Systems, Others), By Application (Residential, Non-Residential, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024

Code : CMI4539

Pages :180

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Market Challenges: Overcoming Mindset Shifts and Adoption Barriers

Global green construction market faces challenges due to deeply ingrained preferences for traditional cement and concrete-based materials. Convincing builders and investors to embrace newer, sustainable alternatives requires substantial time and effort, thus, impeding widespread adoption of green materials and technologies.

Market Opportunities: Government Subsidies and Tax Incentives Drive Green Building Adoption

Increasing government subsidies and tax incentives can provide a significant opportunity for the green building market. These initiatives aim to bridge the price gap between traditional and green buildings, making sustainable construction more financially viable for developers. Such incentives encourage greater adoption of environmentally friendly practices in construction projects.