The rapid urbanization in emerging economies and the augmenting demand for environmentally safe and sustainable buildings are projected to contribute to the segment’s growth. Furthermore, the emergence of eco-friendly building materials produced by numerous manufacturers is adding traction to the market growth. The global Green Construction Market is projected to deliver a magnificent analysis valued at USD 610.61 Billion in 2027 from USD 264.64 Billion in 2019, registering a CAGR of 11.0% through the forecast period. The Asia Pacific market is projected to proliferate at a considerable growth rate during the estimated time span owing to the accelerated urbanization and the rapid expansion of the industrial sector in emerging regions.
Moreover, the increasing initiatives are taken by the government to encourage the adoption of market products to minimize global warming and reduce the release of toxic gases into the environment, thereby driving the market expansion. The development and upgrades of such products allow for environmental conservation and smart social change, augmenting the market growth in the near future. The green roof sub-segment is projected to expand exponentially over the forecast duration owing to the growing global warming alerts, which is driving the demand for natural methods to mitigate the rising heat.
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For the purpose of this report, Emergen Research has segmented the Global Green Construction Market on the basis of product, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Interior Products
- Floorings
- Insulation
Building Systems
Solar Products
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Residential Buildings
Non-Residential Buildings
- Commercial & Office
- Industrial
- Institutional
- Hospitality & Leisure
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
Middle East & Africa
- Saudi Arabia
- A.E.
- Rest of MEA
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