A quick peek into the report
Market Overview
The Global Green Construction Market is an emerging market opportunity which is untapped as the mega forces of an increasingly urbanized world intersects with the ever present dangers of climate change. Since construction as a cornerstone of the infrastructure paradigm underwrites both economic and social development, it has become imperative to make it more sustainable and environment friendly.
• Green construction involves the utilization of recycled cement, recycled concrete aggregate and recycled lumbers in construction and renovation of new and old buildings. This includes usage of energy efficient electrical lightings and HVAC products which helps in reduction of carbon footprints. The Global Green Construction market size is growing at a 13.07% CAGR from 2016-2022 and is expected to reach $453.06 billion in 2022.
• The process of construction Involves planning, design, estimation, implementation and maintenance of the building structures meant for various purposes. Construction industry is primarily categorized into three segments depending on the type of services they offer viz. pre construction services, construction services and post construction services.
• Construction activity consumes as well as generates large amount of byproducts which in turn become harmful for the environment. For example, the production and use of cement, concrete aggregate, lumbers, paints etc. generate large amount greenhouse gases contributing to the cause of global warming.
Global Green Construction Market by Services and Materials, 2015-2022 ($Billion)
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Factors affecting green construction “materials” market, growth & trends |
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Affordable Price |
Air Quality |
Climate Friendly |
Cost Effective |
Energy Efficient |
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Environmentally Sustainable |
Material Quality |
Non Polluting |
Sales & Service |
Wide Availability |
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Factors affecting green construction “services” market, growth & trends |
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Service Affordability |
Design & Stability |
Labor and Material Estimation |
Operation & Maintenance |
Population Growth |
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Skilled Labor |
Project cost analysis |
Economic growth |
Industrial Revolution 4.0 |
Bidding & Procurement |
Global Green Construction Market by Geography, 2015-2022 ($Billion)
Factors affecting green construction market across “geographies”: market growth & trends
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Affordable across geographies |
Flexibility in Design |
Less Dependence on fossil fuels |
Regional environmental regulations |
Easy maintenance and operation |
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International Climate treaties |
Environmentally sustainable |
Support form regional governments |
Financial savings |
Growing Smart Cities in different regions |
The following points are key executive findings available in the report titled “Global Green Construction Materials and Services Market- Forecast & Analysis, 2016 – 2022”:
- Pre and Post Construction services are large segments within green construction services to meet green building requirements.
- Among the green construction materials, Structural Products are generating the maximum market revenue in 2015. The Building System material’s market has generated the least revenue in 2015, it is expected to experience the intense traction in the near future and grow at the highest CAGR from 2016 to 2022.
- Globally, the demand for green construction is mainly driven by factors such as: rising population, demand for sustainable and affordable housing, regulations to moderate climate change, development of reliable energy resources and growing commercial and industrial units, among others.
- Regulatory Drivers - There are various regulatory drivers such as Green Building Act, 2006 of the U.S. and the Building Regulation, 2010 of the U.K which have catalyzed the green building boom. Treaties like former Kyoto Protocol, 2005 and its recent successor Paris Agreement signed in December 2015 on climate change stipulates necessary guidelines to be followed by the member states to reduce their carbon footprints
Companies like Skanska Group, Balfour Beatty, Mitsubishi Electric and Nippon Paints are some of the major players providing services and products for eco construction activities.