According to the research report titled ‘Green Building Materials Market Size By Type (Structural, Interior, Exterior), By Application (Framing, Insulation, Roofing, Exterior & Interior Finish), By End-user (Residential, Commercial Offices & Buildings, Institution), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028, available with MarketStudyReport, global green building materials market is estimated to register substantial growth by the year 2028.

Beneficial attributes associated with the product such as greater design flexibility & energy conservation, low maintenance & associated costs, and better productivity & occupant health are some of the major factors that have augmented the constant growth of the global green building materials market.

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Apart from this, strategic collaborations among the leading companies, technological breakthroughs, and rising R&D activities are also stimulating the overall industry outlook.

Worldwide green building materials market has been bifurcated on the basis of type, end-user spectrum, application scope, and regional contribution.

Based on the type, the market is further divided into structural, exterior, interior, and others. The structural segment is estimated to showcase a CAGR of 12% during the study period, owing to widespread adoption of green materials for structural construction like FSC certified wood & lumber panels and recycled concrete among others.

Moving on to the application spectrum, the market is divided into roofing, exterior & interior finish, insulation, framing, and others.

Out of these, the exterior & interior finish segment is expected to be worth more than USD 95 billion in the ensuing years. This can be attributed to the growing trends of eco-friendly housing sector as well as focus towards reducing carbon emissions by replacing interior and exterior treatments with more green alternatives.

Citing the end-user terrain, the market is split into residential, institution, commercial buildings & offices, and others. Among these, the residential segment is accounted for the largest market share and is likely to capture at least 52%share by the year 2028.

In the regional landscape, Latin America green building materials market is predicted to expand at 11% CAGR through 2028, owing to swiftly expanding residential and commercial construction activities as well as rising disposable income.

The prominent companies operating in the global green building materials market are defined by companies such as DuPont de Nemours Inc., PPG Industries Inc., IsoHemp, BASF SE, RedBuilt LLC, Sika AG, Paul Bauder GmbH & Co. KG, Kingspan Group plc, Acoustical Surfaces Inc., Novagard Solutions, Owens Corning, Die Binderholz GmbH, and Interface, Inc.