Growing green trends

The global green building materials market is expected to develop at a CAGR of 8 percent, rising from S$265.8 billion in 2024 to US$455.6 billion by the end of 2031.

This market is expected to grow significantly due to increased awareness of environmental sustainability and the implementation of severe regulations, which boost demand for eco-friendly construction materials. Energy-efficient solutions, recycled materials, and products with a reduced carbon footprint are becoming increasingly popular in the green building materials sector. Financial incentives such as tax exemptions, grants, and subsidies for green construction projects encourage investments in environmentally friendly building materials, promoting a positive cycle of sustainability in the construction sector.

Technological advancements, coupled with a growing emphasis on green certifications, are revolutionising the field of green building materials. Both the residential and commercial
construction sectors are making significant strides, driven by a shared commitment to sustainable and
energy-efficient structures. The rising popularity of green certifications like LEED is spurring builders and
developers to adopt sustainable materials to meet certification standards. As governments worldwide prioritise green initiatives, the market is set to expand significantly, creating economic value while addressing environmental challenges in the global building industry.

The green building materials industry is expected to grow rapidly, driven by advances in cutting-edge technology. As sustainable alternatives, companies are introducing biobased insulation materials, such
as hemp and cork. Manufacturers are increasing their use of recycled materials such as steel and glass
to advance the circular economy concept. Persistence Market Research studies innovations such as smart building systems, energy-efficient materials, and sustainable construction approaches. Integrating the Internet of Things (IoT), automation, and data analytics into building design and operations improves energy efficiency and occupant comfort, propelling the market ahead.

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