Europe Green Building Market Forecast to 2028 - COVID-19 Impact and Analysis by Product Type (Insulation, Roofing and Siding, Interior Products, Building Systems, and Others) and Building Type (Residential and Non-residential)

Code: TIPRE00026816 | Pages: 150 | Industry: Manufacturing and Construction | Date: Jan 2022 | Type: Regional
The Europe green building market is expected to grow from US$ 54.1 billion in 2021 to US$ 122.61 billion by 2028; it is estimated to grow at a CAGR of 12.4% from 2021 to 2028.

 

A “green” building, which can be a home, an office, a school, a hospital, a community center, or any other structure, is designed in such a way that its construction and operation has low or negligible impact on the environment. A green building design can exhibit eco-friendly features such as the efficient use of energy, water, and other resources; use of renewable energy; measures for pollution and waste reduction; adoption of reuse and recycling processes; use of non-toxic materials; dynamic design adaptable to the environment; good quality of indoor environmental air; and enhanced quality of life of occupants. The buildings sector accounts for 36% of greenhouse gas (GHG) emissions and 40% impact on energy consumption in the European Union (EU), wherein the construction and demolition waste (CDW) alone represent ~25–30% of all waste generated across the EU. This creates an unprecedented demand for a green and sustainable approach to building design and construction in the region. However, characteristics such as climatic conditions; cultures and traditions; building types and ages; and environmental, economic, and social priorities vary in different European countries, which alters the market dynamics across the region.

The growth of the Europe green building market is further ascribed to several government policies adopted by European countries and the EU policy framework concerning the development of green and sustainable housing. For instance, in 2020, the European Commission announced a Renovation Wave to improve the energy performance of buildings across the EU by doubling renovation rates by 2030. This is expected to result in the renovation of over 35 million buildings by 2030, in addition to the new building construction. Similarly, the Europe Regional Network (ERN), a network of over 20 national green building councils, eight regional partners, and ~5,000 members, is engaged in ensuring the integration of sustainability across the value chain of the construction sector, thereby leveraging its influence and knowledge to transform the European buildings market. Owing to the thriving ecosystem for the green building market in Europe, several spectacular eco-friendly buildings have been designed, built, and showcased in Europe. A few examples of these buildings are Cube in Germany, the Edge in the Netherlands, and Bloomberg in the UK. These green buildings are building a positive influence on the green building market in Europe by creating avenues for innovation and setting the trends for the green building market worldwide. For example, The Edge is renowned worldwide for its use of IoT, photovoltaic, and LED technologies, among other advanced technologies, to measure and attain energy efficiency.

 

Impact of COVID-19 Pandemic on Europe Green Building Market

In Europe, currently, France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The pandemic has created a temporary distortion in operation efficiencies of industrial bases in the European market. The green building market has been negatively impacted due to disruptions in the supply chain. The construction industry from the region has faced challenges in terms of the availability of construction materials. The supply networks for construction materials have also been disrupted. The ongoing construction projects were temporarily halted due to the pandemic, which affected the market dynamics for the green building market. The declining trend in the construction industry owing to the pandemic has hampered the production of roofing, flooring, and insulation for green buildings. However, various industries are coming back on track after supply constraints affecting these industries are resolving gradually. The rising demand for green buildings across diverse industrial applications is expected to boost the growth of the Europe green building market in the region.

 

Lucrative Regions for Europe Green Building Market

Lucrative Regions for Europe Green Building Market

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Market Insight

 

Support from Government Policies

The increasing significance of green buildings in Europe can be seen in the large number of initiatives taken by both government and non-government organizations and agencies. Notably, in 2019, the European Commission launched the European Green Deal (EGD) underpinning a list of policy initiatives aimed at aligning Europe to the net-zero global warming emissions target by 2050. The areas covered under the European Green Deal include building and renovating, sustainable mobility biodiversity, sustainable food systems, sustainable agriculture, clean energy, sustainable industry, eliminating pollution and climate action. Under the deal, the commission has launched the EU Renovation Wave for the building and renovating sector, which aims at energy-efficient renovation of around 220 million buildings, to increase their environmental performances while generating costs savings for households. Furthering the deal in 2021, the commission proposed governments in the EU to align the rules for the energy performance of buildings with the parameters of EGD and laid down instructions to decarbonize the EU's building stock by 2050. The proposal includes the transformation of homes, schools, hospitals, offices and other buildings across Europe into green building to reduce greenhouse gas emissions and energy consumption, enhancing the quality of life for millions of Europeans. Similarly, during 2021, the UK government hosted a public consultation on proposed changes to the Building Regulations. In response to the consultation on Future Homes Standard, the government unveiled plans to radically improve the energy performance of new homes, requiring them to be highly energy efficient, with low carbon heating and zero-emission by 2025. Additionally, since 2009, Europe has mandated the provision of energy certification Under the Energy Performance of Building Directive (EPBD) which makes it mandatory for building measuring over 1000 m2 to collect the Building Energy Rating system (BER) certificate and Energy Performance Certificate. Therefore, the prominent support from government policies across the region is accelerating the growth of Europe green building market.

 

Product Type Segment Insights

Based on product type, the Europe green building market is categorized into insulation, roofing and siding, interior products, building systems, and others. The insulation segment led the market with a share of around 28% in 2020 and is expected to hold approximately 29% share by 2028. Insulation is a critical factor for meeting the criteria of a green building since it controls the influx and outflux of heat in the building. Therefore, the amount of insulation and the material used is a vital indicator of the resistance of a structure to energy dissipation. The most common materials in insulation for the construction of green buildings include fiberglass, cellulose, natural fiber (cotton, wool), polyurethane, polystyrene, and isocyanurate. Notably, expanding spray-on polyurethane foams are among the widely used insulation materials as they offer the highest insulation value for a given thickness and are excellent at air leakage elimination.

 

Europe Green Building Market, by Building Type (% Share)

Europe Green Building Market, by Building Type (% Share)

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Building Type Segment Insights

Based on building type, the Europe green building market is bifurcated into residential and non-residential. The non-residential segment led the market with a share of around 78% in 2020 and is expected to account for over 76% of the total Europe Green Building market by 2028. Non-residential buildings include retail and other commercial buildings, office complexes, healthcare buildings, educational institutions, hospitality and restaurant buildings, and factories. The popularity of green building design has led to a significant transformation in approaches of designers, architects, and materials used in building green. Furthermore, the ever-increasing demand for sustainable business practices among corporates is creating solid growth opportunities for green building market players in Europe, as a large number of corporate organizations are adhering to zero/low emissions policies of the EU, which requires them to adopt green building practices in their offices.

 

Strategic Insights

The Europe green building market players focus on new product innovations and developments by integrating advanced technologies and features to compete. In December 2021, AECOM provided construction management services under WUHSD’s Measure AA bond program to modernize, upgrade, and expand the facilities. This contract helps the company leverage its brand recognition among the competing players. In July 2021, Turner Construction provided design-build services for the expansion of the Jacob K. Javits Convention Center. The innovative design has enabled the expansion to achieve LEED Gold certification from the US Green Building Council.

 

Based on product type, the Europe green building market is categorized into insulation, roofing and siding, interior products, building systems, and others. Based on building type, the Europe green building market is bifurcated into residential and non-residential. Based on country, the Europe green building market is segmented into six countries and regions—Germany, France, Italy, the UK, Russia, and the Rest of Europe.

 

Bauder Ltd.; AECOM; Skansk; Turner Construction; DuPont de Nemours, Inc.; Wienerberger; Alumasc Group plc; Forbo International; HOLCIM; and Kingspan Group PLC are a few major players operating in the Europe green building market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Macro-Economic Factor Analysis:

3.2.4        Data Triangulation:

3.2.5        Country-level data:

4.           Europe Green Building Market Landscape

4.1         Market Overview

4.2         Europe

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Green Building Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Need for Reducing Environmental Impact of Construction Sector

5.1.2        Support from Government Policies

5.2         Market Restraints

5.2.1        Complications Related to Certification and Permits

5.3         Market Opportunities

5.3.1        Large Scale Renovation Drive in Europe

5.4         Future Trends

5.4.1        Use of Additive Manufacturing and Design for Manufacturing and Assembly

5.5         Impact Analysis of Drivers and Restraints

6.           Europe Green Building Market Overview

6.1         Market Overview

6.2         Europe Green Building Market Forecast and Analysis

6.3         Market Positioning – Global Key Players

7.           Europe Green Building Market Analysis – By Product Type

7.1         Overview

7.2         Europe Green Building Market Breakdown, By Product Type, 2020 & 2028

7.3         Insulation

7.3.1        Overview

7.3.2        Europe Insulation Market Revenue and Forecasts to 2028 (US$ Bn)

7.4         Roofing and Siding

7.4.1        Overview

7.4.2        Europe Roofing and Siding Market Revenue and Forecasts to 2027 (US$ Bn)

7.5         Interior Products

7.5.1        Overview

7.5.2        Europe Interior Products Market Revenue and Forecasts to 2027 (US$ Bn)

7.6         Building Systems

7.6.1        Overview

7.6.2        Europe Building Systems Market Revenue and Forecasts to 2027 (US$ Bn)

7.7         Others

7.7.1        Overview

7.7.2        Europe Others Market Revenue and Forecasts to 2027 (US$ Bn)

8.           Europe Green Building Market Analysis – By Building Type

8.1         Overview

8.2         Europe Green Building Market Breakdown, By Building Type, 2020 & 2028

8.3         Residential

8.3.1        Overview

8.3.2        Europe Residential Market –Revenue and Forecast to 2028 (US$ Bn)

8.4         Non-Residential

8.4.1        Overview

8.4.2        Europe Non-Residential Market –Revenue and Forecast to 2028 (US$ Bn)

9.           Europe Green Building Market – Country Analysis

9.1         Europe Green Building Market Breakdown, By Country

9.1.1        Germany Green Building Market Revenue and Forecast to 2028 (US$ Bn)

9.1.1.1          Germany Green Building Market Breakdown, By Product Type

9.1.1.2          Germany Green Building Market Breakdown, By Building Type

9.1.2        France Green Building Market Revenue and Forecast to 2028 (US$ Bn)

9.1.2.1          France Green Building Market Breakdown, By Product Type

9.1.2.2          France Green Building Market Breakdown, By Building Type

9.1.3        Italy Green Building Market Revenue and Forecast to 2028 (US$ Bn)

9.1.3.1          Italy Green Building Market Breakdown, By Product Type

9.1.3.2          Italy Green Building Market Breakdown, By Building Type

9.1.4        UK Green Building Market Revenue and Forecast to 2028 (US$ Bn)

9.1.4.1          UK Green Building Market Breakdown, By Product Type

9.1.4.2          UK Green Building Market Breakdown, By Building Type

9.1.5        Russia Green Building Market Revenue and Forecast to 2028 (US$ Bn)

9.1.5.1          Russia Green Building Market Breakdown, By Product Type

9.1.5.2          Russia Green Building Market Breakdown, By Building Type

9.1.6        Rest of Europe Green Building Market Revenue and Forecast to 2028 (US$ Bn)

9.1.6.1          Rest of Europe Green Building Market Breakdown, By Product Type

9.1.6.2          Rest of Europe Green Building Market Breakdown, By Building Type

10.        Impact of COVID-19 Pandemic on Green Building Market

10.1      Europe

11.        Green Building Market–Key Company Profiles

11.1      Bauder Ltd

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      AECOM

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Skanska

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Turner Construction

11.4.1     1.4.1 Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      DuPont de Nemours, Inc.

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Wienerberger

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      Alumasc Group plc

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      Forbo International SA

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      HOLCIM

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10   Kingspan Group PLC

11.10.1  Key Facts

11.10.2  Business Description

11.10.3  Products and Services

11.10.4  Financial Overview

11.10.5  SWOT Analysis

11.10.6  Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Glossary of Terms

 


LIST OF TABLES

Table 1.             Europe Green Building Market Revenue and Forecasts to 2028 (US$ Bn)

Table 2.             Germany Green Building Market Revenue and Forecast to 2028 – By Product Type (US$ Bn)

Table 3.             Germany Green Building Market Revenue and Forecast to 2028 – By Building Type (US$ Bn)

Table 4.             France Green Building Market Revenue and Forecast to 2028 – By Product Type (US$ Bn)

Table 5.             France Green Building Market Revenue and Forecast to 2028 – By Building Type (US$ Bn)

Table 6.             Italy Green Building Market Revenue and Forecast to 2028 – By Product Type (US$ Bn)

Table 7.             Italy Green Building Market Revenue and Forecast to 2028 – By Building Type (US$ Bn)

Table 8.             UK Green Building Market Revenue and Forecast to 2028 – By Product Type (US$ Bn)

Table 9.             UK Green Building Market Revenue and Forecast to 2028 – By Building Type (US$ Bn)

Table 10.          Russia Green Building Market Revenue and Forecast to 2028 – By Product Type (US$ Bn)

Table 11.          Russia Green Building Market Revenue and Forecast to 2028 – By Building Type (US$ Bn)

Table 12.          Rest of Europe Green Building Market Revenue and Forecast to 2028 – By Product Type (US$ Bn)

Table 13.          Rest of Europe Green Building Market Revenue and Forecast to 2028 – By Building Type (US$ Bn)

Table 14.          Glossary of Term: Green Building Market

 


LIST OF FIGURES

Figure 1.           Green Building Market Segmentation

Figure 2.           Europe Green Building Market Overview

Figure 3.           Europe Green Building Market, by Building Type

Figure 4.           Europe Green Building Market, by Product Type

Figure 5.           Europe Green Building Market, by Country

Figure 6.           Europe: PEST Analysis

Figure 7.           Green Building Market Ecosystem Analysis

Figure 8.           Europe Green Building Market: Impact Analysis of Drivers and Restraints

Figure 9.           Europe Green Building Market Forecast and Analysis, (US$ Bn)

Figure 10.        Europe Green Building Market Breakdown, By Product Type, 2020 & 2028 (%)

Figure 11.        Europe Solution Market Revenue and Forecasts to 2028 (US$ Bn)

Figure 12.        Europe Roofing and Siding Market Revenue and Forecasts to 2027 (US$ Bn)

Figure 13.        Europe Interior Products Market Revenue and Forecasts to 2027 (US$ Bn)

Figure 14.        Europe Building Systems Market Revenue and Forecasts to 2027 (US$ Bn)

Figure 15.        Europe Others Market Revenue and Forecasts to 2027 (US$ Bn)

Figure 16.        Europe Green Building Market Breakdown, By Building Type, 2020 & 2028 (%)

Figure 17.        Europe Residential Market –Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Non-Residential Market Revenue and Forecast to 2028 (US$ Bn)

Figure 19.        Europe Green Building Market Breakdown, By Country, 2020 & 2028(%)

Figure 20.        Germany Green Building Market Revenue and Forecast to 2028 (US$ Bn)

Figure 21.        France Green Building Market Revenue and Forecast to 2028 (US$ Bn)

Figure 22.        Italy Green Building Market Revenue and Forecast to 2028 (US$ Bn)

Figure 23.        UK Green Building Market Revenue and Forecast to 2028 (US$ Bn)

Figure 24.        Russia Green Building Market Revenue and Forecast to 2028 (US$ Bn)

Figure 25.        Rest of Europe Green Building Market Revenue and Forecast to 2028 (US$ Bn)

Figure 26.        Impact of COVID-19 Pandemic in Europe Country Markets

  1. Bauder Ltd
  2. AECOM
  3. Skanska
  4. Turner Construction Company
  5. DuPont de Nemours, Inc.
  6. Wienerberger
  7. Alumasc Group plc
  8. Forbo International SA
  9. HOLCIM
  10. Kingspan Group PLC
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