, /PRNewswire/ -- The global green building materials market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 15.67% during the forecast period.
Rising need for energy-efficient green buildings is driving market growth, with a trend towards advancements in insulation materials. However, high initial cost of green buildings poses a challenge. Key market players include American Hydrotech Inc.
, ANDERSEN Corp., BASF SE, Bauder Ltd., Binderholz GmbH, Compagnie de Saint Gobain, DuPont de Nemours Inc.
, Foam Holdings Inc., Forbo Management SA, Holcim Ltd., Interface Inc.
, Kingspan Group Plc, Koch Industries Inc., LX Hausys Ltd, Owens Corning, PPG Industries Inc., REDBUILT, Sika AG, Standard Industries Inc.
, and The Alumasc Group plc. Get a detailed analysis on regions, market segments, customer landscape, and companies - Green building materials market experiences growth due to advancements in insulation. Styrofoam board and spray foam, including XPS foam with low-emission blowing agents, are popular.
Concerns over high greenhouse gas (GHG) contributions from expanding gases lead manufacturers to switch to lower impact agents like hydro-fluoro olefins (HFO). XPS foam panels, which pollute 1,400 times less than regular ones, offer sustainability. These advancements positively impact the market.
The green building materials market is experiencing significant growth due to increasing awareness and demand for sustain.