Sustainable building materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Sustainable Building Materials - Need of the Hour, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00027029
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 170
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Construction is the major contributor to socioeconomic development in most of the countries and marks for the majority of the energy consumption. Building & construction accounts for substantial greenhouse gas emissions and thus push for more sustainable building methods. Due to this, sustainable building materials have gained importance in the global construction industry.

Sustainable building materials are also called green building materials that are energy efficient and durable. Sustainable building materials helps in providing comfortable, healthy environmental conditions throughout the building life cycle. The major objective of sustainable building materials is to achieve efficient use of energy, water, raw material and minimum impact on the environment of buildings. However, due to the complexity of implementation of sustainability and fragmented industry, the implementation level of sustainable building materials is still at the budding stage.

Rising demand for sustainable cities and infrastructure due to the evolution of the construction sector is anticipated to boost the sustainable building materials market. Large construction companies aim to deliver certified sustainable buildings at a reduced financial and environmental cost. In the US, The Green Building Council’s Leadership in Energy and Environmental Design (LEED) has introduced a new way for building materials and products that expand their role in the certification process from point-of manufacture to end-of-life of building. Due to the advent of digitalization and automation in most the industries, the construction industry can transform by integrating digital technology and advanced automation into building and infrastructure. With 30-40% of solid waste generated from the built environment, sustainable building materials provide a significant opportunity to the construction industry to reduce cost, conserve resources, and protect the environment.

The major materials used as sustainable building materials include green thermal insulation, recycled metal, reclaimed wood, bamboo, insulated foam concrete, recycled glass, etc. These are ecofriendly materials and has low environmental impact during production, implementation and maintenance. Mostly they are recyclable and locally sourced materials. Companies are pursuing zero-carbon buildings and optimizing the performance of the building cycle by using these sustainable building materials. Continuously greener materials are introduced in the market, which significantly reduces the energy cost in residential and commercial construction.

North America and Europe are major users of green or sustainable building materials. More than half of the construction companies have implemented green building in their projects. However, developing countries like India lacks incentives for sustainable buildings. Slowly and steadily, consumers are moving towards green homes helping promoting sustainable building materials. In India, Green Building Code has laid codes and standards in the State by-laws and norms set by the ratings programmes, such as (LEED-India), the Indian Green Building Council (IGBC), TERI-GRIHA and other such certifications. It is important that the implementation of these policies is effective and commercial builders get tax benefits and quick permits in the form of incentives.

Impact of construction lasts for decades and affects current as well as future generation; hence, it is the need of the hour to adopt sustainable building materials that have a positive impact on the environment during the construction and after the life cycle of the building.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

  1. American Standard Brands
  2. Andersen Corporation
  3. Alumasc Group plc
  4. Armstrong World Industries Incorporated
  5. Berkshire Hathaway Incorporated
  6. Bluescope Steel Limited
  7. Bauder Limited
  8. Binderholz GmbH
  9. Boral Limited
  10. Bridgestone Corporation
  11. Building Materials Corporation Of America
  12. Carlisle Companies Incorporated
  13. Cemex Sab De Cv
  14. CertainTeed Corporation
  15. Collins Companies Incorporated
  16. Holcim Limited
  17. Heidelbergcement Ag
  18. Homasote Company
  19. International Paper Company
  20. Kohler Company
  21. Kingspan Group plc
  22. Kyocera Corporation
  23. Lafarge Sa
  24. Louisiana-Pacific Corporation
  25. Mannington Mills Incorporated
  26. Masco Corporation
  27. Mohawk Industries Incorporated
  28. Nucor Corporation
  29. National Fiber
  30. Owens Corning
  31. PPG Industries Incorporated
  32. RedBuilt, LLC
  33. Saint-Gobain
  34. Sika AG
  35. Wienerberger AG,
  36. Universal Forest Products Incorporated
  37. USG CORPORATION

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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