Green Building Market

1. Green Building Market Size with Growth Opportunities, Top Countries Data, Future Trends and Share Forecast 2035 During the forecast period of 2023-2035, the global green building market is expected to reach an estimated value of ~USD 2000 billion by 2035, by expanding at a CAGR of ~10%. The market further generated revenue of ~USD 600 billion in the year 2022. Major key factors propelling the growth of the green building market worldwide are the significant focus on the use of renewable energy resources and, government implemented incentives and regulations to inspire green construction. Market Definition of Green Building Green buildings, also known as sustainable construction, are mechanisms that are environmentally conscious and eco-friendly throughout their life cycle. Green building practices strive to minimize a building’s ecological consequences. Most green building materials, such as lumber, reprocessed metal, glass fiber, and rock wool, are recyclable and non-toxic in the environment. Green buildings produce green energy on-site using biomass, solar panels, hydropower, and wind energy. These procedures cause a building’s functioning energy consumption to lessen. Request Sample@ https://www.researchnester.com/sample-request-3509 Global Green Building Market: Growth Drivers The growth of the global green building market can majorly be attributed to the increasing focus on the utilization of renewable sources of energy, as well as an upsurge in the development of environmentally friendly building concepts in both developed and emerging economies. Based on the International Energy Agency, the usage of renewable energy augmented by 3% in 2020. In addition, renewables’ total revenue of global electricity production elevated to 29% in 2020, up from 27% in 2019. Green buildings, in addition to being environmentally friendly, play a vital role in creating a pleasant working and living atmosphere for human activities, as well as improving the quality of life, which is further expected to influence the market growth. In December 2020, WorldGBC introduced the BuildingLife project, which brought

2. together ten European Green Building Councils (GBCs) to achieve the EU Green Deal by bringing up the construction sector’s whole-life ecological effects. The global green building market is also estimated to grow majorly on account of the following: •Popularity of green building in both developed and developing countries •Increasing need for enhancing energy efficiency of older structures •Low maintenance and operational expenses, along with the growing emphasis on emission-free building projects Request Sample@ https://www.researchnester.com/sample-request-3509 Global Green Building Market: Restraining Factor Green buildings have higher infrastructure costs than traditional construction. However, these costs can vary depending on a variety of factors. According to research, the base cost of constructing a green building could be up to 17% higher than the cost of constructing a conventional building. Hence this factor is expected to be the major hindrance to the growth of the global green building market during the forecast period. Know More About the Complete Study @ https://www.researchnester.com/reports/green-building-market/3509 Global Green Building Market Segmentation •By Product Type (Exterior Products, Interior Products, Building Systems, Solar Products, and Others) •By Application (Residential, and Non-Residential Buildings) The global green building market has been divided on the basis of application into residential and non-residential applications. Over the projected timeframe, the residential segment is likely to experience rapid revenue growth. The use of materials supplied by construction projects has been widespread in Europe and North America. Green construction materials are being employed in a huge number of renovation or real estate projects in these areas. For instance, on March 25, 2020, Amvik Systems introduced Pinnacle, a residential home with over 6,000 square feet of living space. The building eradicates hydro bills and transmits energy back into the grid by using ICF walls, concrete floors, and solar cells. •By Region

3. The Asia Pacific green building market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions owing to higher industrialization, a shift in emphasis forward to sustainable energy sources, and increased endorsement of green buildings in the region. According to World Bank data, industrialization increased to 3.601 percent in 2017, up from 2.781 percent in 2016. Aside from these, rising demand for green buildings in the real estate business is expected to propel the market growth in the region throughout the coming decades. The market research report on global green building also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). Key Market Players Featured in the Global Green Building Market Some of the key players of the global green building market are: •BASF SE •Bauder Limited •Binderholz GmbH •E. I. du Pont de Nemours and Company •Forbo International SA •Alumasc Group Plc •Amvik Systems •Interface Inc. •Kingspan Group plc •Interface Inc. Request Sample@ https://www.researchnester.com/sample-request-3509

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