GITNUX MARKETDATA REPORT 2024

Green Building Materials Industry Statistics

The green building materials industry is expected to experience steady growth in the next few years due to increasing environmental awareness and government regulations promoting sustainable construction practices.

Highlights: Green Building Materials Industry Statistics

  • The wood segment generated revenue of USD 87.7 billion in 2019.
  • The non-residential sector accounted for 47.92% of the global green building materials market in 2017.
  • The U.S. green building material market size was valued at USD 44.79 billion in 2016.
  • Nearly 67% of building owners are interested in green building.
  • The market in Europe is expected to reach over $98 billion by 2023 due to strict environmental regulations implemented by the government.
  • The green cement market segment is anticipated to register the highest CAGR of over 9.5% during the forecast period.
  • The insulation segment was the largest contributor to the global market revenue, as it accounted for 26.04% share in 2019.
  • The LEED (Leadership in Energy and Environmental Design) green building rating system has certified over 2.5 million square feet of building space every day across the world.
  • The green buildings market globally is anticipated to witness an investment opportunity of $24.7 trillion by 2030.

Table of Contents

The Latest Green Building Materials Industry Statistics Explained

The wood segment generated revenue of USD 87.7 billion in 2019.

The statistic “The wood segment generated revenue of USD 87.7 billion in 2019” corresponds to the total amount of revenue generated within a specific sector of the industry related to wood products. This figure indicates the financial scale and significance of the wood segment in the economy for the specified time period. The revenue amount represents the total value of sales generated from various wood-related products and services, such as lumber, furniture, paper, and other wood-derived goods. This data point provides essential insight into the economic contribution and performance of the wood segment, reflecting its market size, consumer demand, and overall financial health during the year 2019.

The non-residential sector accounted for 47.92% of the global green building materials market in 2017.

The statistic indicates that nearly half of the global market for green building materials in 2017 was attributed to the non-residential sector, covering commercial, industrial, and institutional buildings. This suggests a significant demand for sustainable and environmentally-friendly construction materials in non-residential projects worldwide, driven by factors such as regulatory requirements, corporate sustainability initiatives, and increasing awareness of the impact of buildings on the environment. The strong presence of green building materials in the non-residential sector highlights the sector’s commitment to reducing carbon footprints, improving energy efficiency, and promoting sustainable practices in construction and design.

The U.S. green building material market size was valued at USD 44.79 billion in 2016.

The statistic indicates that in 2016, the market size for green building materials in the United States was estimated at USD 44.79 billion. This figure represents the total value of green building materials sold or utilized within the U.S. construction industry during that year. The growth of the green building materials market can be attributed to a rise in environmental awareness, sustainable construction practices, and government incentives for green building initiatives. This market size indicates the significance and increasing adoption of environmentally friendly and energy-efficient building materials in the construction sector, reflecting a shift towards more sustainable and eco-friendly practices in the industry.

Nearly 67% of building owners are interested in green building.

The statistic indicates that a significant majority, comprising almost two-thirds or approximately 67%, of building owners express an interest in green building practices. This suggests a substantial level of awareness and consideration for sustainable and environmentally friendly building methods within the building owner community. The high percentage reflects a growing trend towards incorporating energy-efficient technologies, environmentally friendly materials, and sustainable design principles in construction projects. The statistic implies a potentially increasing demand for green building solutions in the real estate sector and highlights a shift towards more sustainable and eco-conscious practices among building owners.

The market in Europe is expected to reach over $98 billion by 2023 due to strict environmental regulations implemented by the government.

This statistic suggests that the European market is projected to grow significantly, exceeding $98 billion by the year 2023. The driving force behind this growth is attributed to the stringent environmental regulations enforced by the government within the region. These regulations likely entail requirements for businesses to adhere to sustainable practices, reduce emissions, and mitigate their environmental impact. As a result, industries operating within the European market are expected to invest heavily in eco-friendly technologies and solutions to comply with these regulations, thus driving market expansion and fostering a more environmentally conscious business environment in the coming years.

The green cement market segment is anticipated to register the highest CAGR of over 9.5% during the forecast period.

This statistic indicates that the green cement market segment, which refers to environmentally friendly cement produced through sustainable processes, is expected to experience significant growth over the forecast period with a Compound Annual Growth Rate (CAGR) surpassing 9.5%. This suggests that there is increasing demand for green cement within the construction industry as companies and consumers prioritize sustainability and environmental consciousness. The anticipated high growth rate implies a shift towards more eco-friendly construction practices and materials, driven by factors such as regulations promoting sustainability, consumer preferences for green products, and the overall trend towards mitigating climate change through sustainable development. Overall, this statistic highlights the potential for significant expansion and opportunities within the green cement market segment.

The insulation segment was the largest contributor to the global market revenue, as it accounted for 26.04% share in 2019.

This statistic indicates that the insulation segment played a significant role in driving the overall revenue of the global market in 2019, as it accounted for the largest share of 26.04%. This suggests that the demand for insulation products was high, which could be attributed to factors such as the increasing focus on energy efficiency, sustainability, and regulations promoting insulation in buildings and industrial applications. With its substantial contribution to market revenue, the insulation segment demonstrated its importance and relevance in meeting the needs of consumers and industries while also aligning with global trends towards environmentally friendly practices.

The LEED (Leadership in Energy and Environmental Design) green building rating system has certified over 2.5 million square feet of building space every day across the world.

The statistic that the LEED green building rating system has certified over 2.5 million square feet of building space every day across the world highlights the significant impact of sustainable building practices on a global scale. LEED certification is a widely recognized benchmark for environmentally-friendly and energy-efficient construction, indicating a growing worldwide commitment to creating sustainable built environments. This statistic not only underscores the increasing adoption of green building principles but also reflects the diverse range of sectors and regions incorporating sustainability into their building projects. Overall, the consistent rate at which buildings are achieving LEED certification demonstrates a collective effort towards reducing environmental impact and promoting sustainability in the construction industry.

The green buildings market globally is anticipated to witness an investment opportunity of $24.7 trillion by 2030.

The statistic suggests that the green buildings market is expected to experience substantial growth globally, presenting a significant investment opportunity totaling $24.7 trillion by the year 2030. This indicates a growing trend towards environmentally sustainable and energy-efficient building practices, as more investors and stakeholders recognize the long-term benefits of green buildings in terms of cost savings, energy efficiency, and environmental impact. The projection highlights the potential for significant financial returns and growth within the green building sector over the coming decade, making it an attractive market for both investors and developers looking to capitalize on sustainability and responsible building practices.

References

0. – https://www.www.grandviewresearch.com

1. – https://www.www.marketresearchfuture.com

2. – https://www.nymag.com

3. – https://www.www.giiresearch.com

4. – https://www.www.usgbc.org

5. – https://www.www.worldgbc.org

6. – https://www.www.marketsandmarkets.com

7. – https://www.www.alliedmarketresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!