GREEN CONSTRUCTION MARKET ANALYSIS

Regional Analysis

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North America has established itself as the dominant leader in the global green construction market with the estimated market share of 31.8% in 2024. The region has a large number of eco-friendly building projects due to stringent regulatory norms and growing consumer demand for sustainable buildings. Majority of the green buildings in the U.S. are certified under the LEED certification program developed by the U.S. Green Building Council (USGBC). With growing awareness about carbon footprint reduction, preservation of natural resources and health benefits of green buildings, contractors are widely adopting green building practices and materials in the residential and commercial construction sectors. States like California and Washington have set aggressive goals to reduce greenhouse gas emissions from buildings which is further boosting project initiation in the region.

Asia Pacific region is experiencing fastest growth in the green construction market with the CAGR of 12.6% for the forecast period of 2024-2031. China is leading the green building movement with largest green building floor area globally. The Chinese government is offering various incentives like tax benefits for green construction projects to achieve its national energy efficiency goals. This is encouraging wider adoption of energy-efficient and eco-friendly technologies by local contractors and builders. Countries like India, Japan, Malaysia and Vietnam are also witnessing surge in green building projects due to increased focus on sustainable infrastructure and strict enforcement of green building codes in various cities and states. Rapid urbanization and growing environmental regulations can boost demand for green materials in residential and commercial projects. Experts believe that APAC will surpass other regions in terms of annual green building investments in the coming years.