Green Construction Market to Witness Extensive Development Throughout 2020 – 2027

Green Construction market

According to a recent Emergen Research study, the global Green Construction Market will be worth USD 610.61 billion by 2027. Because of the increased demand for lower energy consumption in buildings, the green construction market is experiencing high demand. The need to reduce greenhouse gas emissions and focus on environmental sustainability in buildings will drive market growth. Increased awareness of these products through expanding application areas drives market growth. Tax breaks offered by policymakers around the world to private businesses for using environmentally friendly products are expected to drive demand during the forecast period.

The processing of building materials is one of the construction components with the greatest environmental impact. Deforestation, pollution, carbon emissions, and other negative consequences can result from the production of wood, steel, concrete, and other construction materials. Green construction can mitigate this impact by investigating the materials used and how they are manufactured, processed, and disposed of in order to make more environmentally friendly decisions. A structure could be built with more environmentally friendly natural materials rather than intensively processed or potentially poisonous materials. Another strategy is to use higher-quality materials that need fewer repairs or replacements.

Green construction refers to the building structure and the application of environmentally sustainable and resource-efficient processes throughout the building’s life-cycle, which includes the processes beginning with the building’s planning and ending with its demolition. At all stages of the construction project, contractors, architects, engineers, and clients must work together closely. Green building practise supplements traditional building design concerns such as economy, utility, durability, and comfort. In doing so, the three dimensions of sustainability, namely planet, people, and profit, must be considered throughout the entire supply chain.

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Some Key Highlights from the Report

Due to rising global alert, the green roof segment is expected to grow dramatically over the forecast timeframe, which in turn fosters the demand for successful natural methods to eliminate rising ambient heat.

During the forecast period, the residential segment is expected to grow at a significant CAGR. Rapid urbanisation in developing countries, as well as a growing demand for environmentally safe buildings, are driving segment growth. Furthermore, the introduction of eco-friendly materials by several manufacturers will accelerate product adoption.

Due to rapid urbanisation and the expansion of the industrial sector in developing economies, the Asia Pacific region’s green construction market is expected to grow at the fastest rate during the forecast period.

Alumasc Group Plc, Binderholz GmBH, Bauder Ltd., Forbo International SA, Certain Teed Corporation, The Turner Corp., Clark Group, Gilbane Building Co., Hensel Phelps, and The Whiting-Turner Contracting Co. are among the key participants.

For the purpose of this report, Emergen Research has segmented into the global Green Construction Market on the product, application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Exterior Products
    1. Roofing
    2. Windows
    3. Siding
    4. Doors
  • Interior Products
    1. Insulation
    2. Floorings
  • Solar Products
  • Building Systems
  • Others

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Residential Buildings
  • Non-Residential Buildings
    1. Commercial & Office
    2. Institutional
    3. Industrial
    4. Hospitality & Leisure
  • Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    1. S.
    2. Canada
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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