Market Overview: Sustainable Building Materials Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Sustainable Building Materials Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Sustainable Building Materials Market Insights 2022-27
The Sustainable Building Materials Market is estimated to grow at a CAGR of around 11% during the forecast period 2022-27.
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Driving Innovation: Exploring the Sustainable Building Materials Market and its Key Drivers
Key Driver – Rising Government Initiatives Towards Sustainable Building Materials
The rising push by the government to adopt sustainable buildings for limiting & reducing greenhouse gas emissions has accelerated the demand for sustainable building materials. Further, the governments of several countries, including the US, China, Spain, and India, have enacted various initiatives that provide upfront discounts & tax exemptions, among other benefits. Consequently, this has resulted in the establishment of new green buildings globally, which has propagated the demand for sustainable building materials across the globe.
In 2020, the European Commission launched the Climate Target Plan 2030 to cut net greenhouse gas emissions in the European Union (EU) by at least 55% by 2030. To achieve this, the EU has identified the construction sector as one of the crucial parts of the plan. The plan involves the reduction of buildings’ greenhouse gas emissions by 60%, their final energy consumption by 14%, and energy consumption for heating and cooling by 18%. In addition, the EU has promoted the utilization of sustainable building materials to scale this optimum sustainability of the buildings in the region.
Top Players in the Sustainable Building Materials Market:
Abbott Laboratories, Medtronic plc, Olympus Corporation, Johnson & Johnson (Biosense Webster, Inc.), Boston Scientific Corporation, CONMED Corporation, AngioDynamics, Inc., CardioFocus Inc., Stryker Corporation, MicroPort Inc., Stereotaxis Inc., Teleflex Incorporated, Lepu Medical Technology, Avanos Medical, AtriCure Others
Sustainable Building Materials Industry Recent Development:
- In 2021, Sika acquired American Hydrotech Inc., based in the US, and its associate Hydrotech Membrane Corporation, based in Canada. With these acquisitions, Sika would benefit from Hydrotech’s experience in providing green roofs with the use of liquid membranes. It would help Sika to extend its portfolio of full-system roofing & waterproofing solutions.
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Segmentation Analysis of Sustainable Building Materials Market
Sustainable Building Materials Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Product Type
-Exterior
–Windows
–Roofing
–Others (Doors, Sidings, etc.)
-Interior
–Floorings
–Insulation
–Building Systems
-Solar Systems
-Others
–Composites
–Coatings
–Others (Finishing, Framing, etc.)
- Of them all, Solar Systems accumulated a notable market share in the global sustainable building material market during the historical period.
By End User
-Residential
-Non-Residential
–Commercial
–Institutional
–Others (Industrial, Hospitality, etc.)
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A Comprehensive Geographical Analysis:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
- Geographically, North America witnessed a sizeable growth in the Sustainable Building Material market, owing to its proactive efforts to mitigate adverse environmental effects by the construction industry.
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About Us
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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