Green building materials are made by using natural products, which are eco-friendly and best suited for use in conjunction with other materials such as clay brick, extruded earth block, hemp block, cob block, compressed earth block, fired aerated clay block, clay plasterboard block, and straw bale. In addition, drywall alternatives such as clay board, strawboard, reed board, and reed on a roll. These products are completely biodegradable and avoids disposal problem of drywall.
The global green building material market report has been segmented on the basis of product type, application, and region.
On the basis of product type, the global green building material market has been segmented into structural, exterior, interior, and others (solar and roofing). The structural green building material segment is projected to account for highest share in terms of revenue in the global market during the forecast period, and is projected to witness a significant growth over the forecast period. Structural product contains over 80% of recycled material which provides reduced emissions and superior durability at lower costs.
Among the end-use industry segments such as framing, insulation, roofing, interior finishing, and exterior siding, the insulation segment is expected to account for highest share in the global green building material market in terms of revenue. The interior finishing segment is estimated to register highest CAGR during next seven years, owing to enhanced natural lighting and improved indoor air quality.
On the basis of region, the global green building material market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market accounted for major share in terms of revenue in the global green building material market in 2016, and is projected to remain dominant for the next ten years. Asia Pacific green building material market is estimated to witness higher growth over next seven years, owing to increasing demand from residential, commercial, and industrial construction sectors.
Key players operating in the global market include Alumasc Group Plc, Owens Corning, BASF SE, Bauder Limited, Binderholz GmbH, CertainTeed Corporation, RedBuilt, LLC, PPG Industries, DuPont, and Forbo International SA.