Green Building Materials Market Segmentation:
Application Segment Analysis
The roofing segment in the green building materials market is poised to capture a revenue share of 50.2% by 2035. The segment growth can be attributed to the surge in the demand for green roofing materials, such as solar roofing systems, green roofs, and cool roofs. According to the Environmental Protection Agency, as compared to conventional roofs, green roofs can lower building energy use by 0.7%, lowering peak electricity demand and resulting in annual savings of USD 0.23 per square foot of the roof's surface. Additionally, government incentives and regulations and growing awareness of the advantages green roofing materials have for the environment, including energy efficiency and a lower carbon footprint are some other factors accelerating the growth of the segment.
End-use Segment Analysis
The residential segment is estimated to gain a significant green building materials market share during the forecast period. The segment’s expansion can be attributed to the growing number of guidelines and building laws for energy-efficient construction. The segment is expanding due to the rising demand for eco-friendly and energy-efficient homes and by government policies and programs that encourage the use of green building materials in residential construction. For instance, the Energy Conservation (Amendment) Bill, 2022, requires all Indian States and Municipalities to adopt and apply the Energy Conservation Building Code-Residential, also known as Eco-Niwas Sahmita (ENS). The bill constitutes a major commitment to raise cumulative non-fossil fuel energy supply to 50% of national installed capacity and lower emissions intensity of India's GDP by 45% relative to 2005 levels.
Our in-depth analysis of the global market includes the following segments:
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