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Green Building Materials Market size is set to grow by USD 363 billion from 2024-2028, Rising need for energy-efficient green buildings to boost the market growth, Technavio

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NEW YORK, July 2, 2024 /PRNewswire/ — The global green building materials market  size is estimated to grow by USD 363 billion 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 – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Insulation, Roofing, Interior finishing, Framing, and Exterior siding and others), End-user (Residential and Non-residential), and Geography (Europe, North America, APAC, Middle East and Africa, and South America)

Region Covered

Europe, North America, APAC, Middle East and Africa, and South America

Key companies profiled

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

Key Market Trends Fueling Growth

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 sustainable construction. Materials like insulation, concrete, and roofing are key areas of focus. For instance, insulation made from recycled materials and low embodied energy concrete are gaining popularity. Additionally, the use of fabricated roofing systems made from recycled materials is trending. Furthermore, the adoption of building information modeling (BIM) technology is facilitating the design and construction of energy-efficient buildings. The use of renewable energy sources and the implementation of green certifications are also driving market growth. Overall, the green building materials market is expected to continue its upward trajectory in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Green building materials market faces challenges due to the high initial investment required. Advanced, energy-efficient materials and technologies increase costs for SMEs and larger firms. Architectural and engineering design time, modeling costs, and sustainable practices integration add to expenses. These factors may deter demand for green buildings, potentially impacting the market for green building materials negatively during the forecast period.The green building materials market faces several challenges in the implementation of sustainable construction projects. These include the high cost of eco-friendly materials compared to conventional ones. Consumer education and awareness about the long-term benefits of using green materials is also a significant challenge. The availability and accessibility of these materials in various regions is another issue. Additionally, the lack of standardization and certification processes can hinder the growth of the market. The use of renewable and recycled materials, energy-efficient insulation, and the adoption of green building codes are some ways to address these challenges. Producers and consumers must work together to promote the use of green building materials and create a more sustainable construction industry.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This green building materials market report extensively covers market segmentation by

Application 1.1 Insulation1.2 Roofing1.3 Interior finishing1.4 Framing1.5 Exterior siding and othersEnd-user 2.1 Residential2.2 Non-residentialGeography 3.1 Europe3.2 North America3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Insulation-  Green building insulation materials, such as cellulose, spray foam, rock wool, and fiberglass, offer significant benefits for homeowners. These materials reduce energy consumption, increase comfort, lessen noise, and prevent condensation. Properly installed green insulation contributes to financial and comfort improvements, as well as meeting the requirements of green building rating systems like Northwest ENERGY STAR Homes and Built Green and LEED for Homes. The use of these eco-friendly insulation materials drives growth in the global green building materials market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

Global Shipbuilding Market: The global shipbuilding market continues to expand, driven by increasing demand for commercial vessels and naval fleets worldwide. Key trends include technological advancements in ship design and sustainability efforts, influencing market dynamics and competition among industry players.

Global Concrete Admixtures Market: The global concrete admixtures market is experiencing robust growth, supported by infrastructure development and urbanization trends. Innovations in admixture formulations for enhancing concrete properties, such as strength and durability, are shaping market growth. Key players are focusing on sustainability and efficiency, responding to evolving construction demands globally.

Research Analysis

The Green Building Materials Market encompasses a wide range of eco-friendly materials used in the construction industry for designing structures that minimize environmental impacts. These materials include Wool, Recycled materials, Terrazzo, Recycled concrete, Stucco, Stone, Rubberbased materials, and Ashcrete. The extraction and fabrication of these materials are carried out in a resource-efficient and ecologically responsible manner. The use of green roofing materials contributes significantly to urban settlements, promoting sustainable development in the residential and commercial sectors. Energy-saving measures, such as insulation segments made from green-certified building materials, are essential in energy-efficient construction projects. The manufacturing process of these materials adheres to strict environmental standards, ensuring minimal disposal and maximum recycling. Construction manufacturers continue to innovate, introducing new green products to meet the growing demand for sustainable buildings.

Market Research Overview

The Green Building Materials Market encompasses a wide range of sustainable materials used in the construction industry. These materials include concrete, wood, steel, and various other innovative solutions. The use of green building materials is on the rise due to increasing environmental concerns and government regulations. Factors such as energy efficiency, recycled content, and reduced carbon footprint are driving the demand for these materials. The market is also witnessing significant growth due to advancements in technology, which are enabling the production of more sustainable and cost-effective materials. Additionally, the growing trend towards sustainable and eco-friendly construction practices is further fueling market growth. Overall, the Green Building Materials Market is expected to continue expanding in the coming years as more and more projects adopt sustainable building practices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationInsulationRoofingInterior FinishingFramingExterior Siding And OthersEnd-userResidentialNon-residentialGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Typeform Delivers New Solutions to Empower B2C Businesses to Better Engage Customers

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Brands can now use video, data enrichment, and AI-powered capabilities to create interactive, hyper-personalized experiences and uncover deeper insights

SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ — Typeform, the intuitive form builder and conversational data collection platform, today announced new features that provide business-to-consumer (B2C) businesses with the context, clarity, and convenience needed to better engage and understand their customers. Now businesses can further enhance the respondent experience, all while gathering richer, actionable data. 

Today, 70% of consumer decisions are based on emotion, including brand preference.¹ Buyers expect brands to tailor experiences to their personal preferences more than ever, but at the same time, they’re also becoming more cautious about sharing personal information. Typeform’s latest features help brands collect data directly from customers through interactive, personalized experiences they trust, then automatically enhance it with third-party insights to deepen their understanding. This empowers companies to deliver more targeted, data-driven marketing.

“Businesses can’t thrive on surface-level insights,” said Aleks Bass, Chief Product Officer, Typeform. “Our latest innovations give you the ability to dig deeper into truly knowing your customers by providing dynamic data collection experiences that encourage quality responses. Whether boosting conversions with a personalized product recommendation quiz or gathering feedback through video surveys, the common denominator is that your customers enjoy the experience.”

The offerings were unveiled at Typeforum 2024, Typeform’s first-ever virtual product spotlight event, designed to showcase the latest innovations from the company. Newly released features include: 

Enhanced Video Capabilities: Typeform now allows customers to respond with video, providing businesses deeper insights through voice and expressions, not just text. This builds on Typeform’s existing feature that enables creators to record, edit, and embed personalized videos into forms, boosting engagement and conversions. Typeform research found that 65% of marketers believe video is an effective tool for engaging and interacting with customers in ways that feel more human and create connection and loyalty.²Clarify with AI: Typeform’s Clarify with AI acts as a virtual interviewer, prompting follow-up questions based on customer responses. When a customer is asked about their experience and answers vaguely, like “good,” the AI encourages more detailed feedback, asking, “Good, how? What stood out?” For customers, it feels like a personalized conversation. For brands, it delivers more insights. Automated B2C Data Enrichment: Earlier this year, Typeform introduced automated B2B data enrichment, making it easier than ever to understand customers at a deeper level without needing to ask additional questions. Now, consumer-level enrichment is available in the Typeform platform. With just a personal email address, companies can pull in key data points from trusted third-party sources, providing a more complete picture of who’s on the other side of the screen.AI-powered Qualitative Analysis: With this feature, businesses can instantly analyze large volumes of text and video responses to surface key themes and insights, saving hours of manual work. Data Quality Tools: Invisible reCAPTCHA ensures data integrity by blocking bots and automated submissions, allowing only genuine responses to be collected. This safeguard enhances data reliability, helping teams make accurate, data-driven decisions.Klaviyo Integration: Typeform will soon be launching a new integration with Klaviyo, designed for B2C and direct-to-consumer (DTC) marketers. It will ensure that every insight gathered flows seamlessly into Klaviyo. Manual data transfers are eliminated as segments automatically update with Typeform data, enabling hyper-targeted campaigns customized to each customer’s unique profile. This integration combines Typeform’s interactive data collection with Klaviyo’s automation, facilitating more natural, personalized customer connections while driving business growth.

“We built a powerful product recommendation quiz not just to help our customers, but to generate invaluable data that allows us to better segment and engage them with relevant marketing,” said Addison Wennar, Digital Communications Manager, OGEE. “With the holiday shopping season approaching, these insights will be key. Typeform already delivers the highest response rates for us, and I’m excited to see how the new features will amplify that impact.”

The features are available today in Typeform for Growth plans. Watch the Typeforum 2024 recordings and learn how to use Typeform to better understand and engage customers here

About Typeform
Typeform is a distinctly intuitive form builder that helps over 150,000 customers collect and validate the data they need to grow their businesses. Designed with striking visuals, a conversational flow, and powerful data capabilities, Typeform empowers brands to give and get more with each form. Typeform drives more than 500 million responses each year and integrates with essential tools including Zapier, HubSpot, and Slack. For more information, visit www.typeform.com.

1         Pendell, R. (2024, October 15). Customer brand preference and decisions: Gallup’s 70/30 principle. Gallup.com. https://www.gallup.com/workplace/398954/customer-brand-preference-decisions-gallup-principle.aspx#:~:text=70%25%20of%20decisions%20are%20based,Making%20Process:%20Rational%20or%20Emotional?

2          Data from a survey of 105 Typeform customers conducted on September 30, 2024.

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SOURCE Typeform S.L.

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Electronic Drives and Controls Celebrates Impressive Growth and Strong Demand for Industrial Automation Solutions

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EDC has announced 39% revenue growth over the past year and a strengthened presence in the metals converting and composites industries. The company has also maintained key certifications, including CSIA, UL508A, Rockwell Automation, Siemens, and Ignition.

PARSIPPANY, N.J., Nov. 14, 2024 /PRNewswire-PRWeb/ — Electronic Drives and Controls, Inc. (EDC), a leading control system integrator and field service company for industrial automation and drive technology, today announced that the company has experienced a year of growth and success, achieving a 39% increase in revenue year-over-year. To meet the growing demand for automation and drive solutions, EDC has expanded its team, hiring Ricky Arcky as human resources manager and Tyler Schaberick as systems engineer. EDC attributes this growth to maintaining industry certifications, digital marketing efforts, a dedicated team, and strong, long-term partnerships.

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients.”

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients,” said Chuck Dillard, Vice President of EDC. “Our recent hires and increased project load reflect our strategy to grow both wider and deeper with our existing clients, as well as entering new industries.”

“We’ve put in years of preparation and invested heavily in digital marketing to get the word out about our services, knowing that growth was inevitable,” Dillard added. “Our team has worked tirelessly and the results speak for themselves: clients continue to return to us because of our technical expertise and the strong results we deliver.”

EDC’s expertise in coating & laminating, wire and cable, PLC programming and upgrades, as well as drive service, has allowed the company to strengthen its presence in the metals converting industry, securing new and expanded projects across multiple client plants. EDC has also successfully completed upgrades for a new client in the composites industry, widening the portfolio of industries it caters to.

In addition to recent growth, EDC remains committed to maintaining the highest industry standards through its CSIA certification, which ensures adherence to best practices in control system integration. Several certifications, including UL508A recertification and certifications from Rockwell Automation, Siemens, and Ignition, further emphasize EDC’s dedication to safety, technical proficiency, and continuous improvement.

About Electronic Drives and Controls, Inc.
Founded in 1968, Electronic Drives and Controls, Inc. (EDC) is a CSIA Certified control system integrator with deep domain expertise in the coating and laminating, and converting industries. The company’s large field service team specializes in AC and DC drives, PLCs and factory automation. Family owned and operated for more than 50 years, EDC’s team of engineers and technicians has a vast experience integrating new control systems and breathing life into older equipment. EDC has the engineering capability to design, build, start-up and service projects from the sophisticated to the simple and the service support team on call 24/7/365 to keep it all running at peak efficiency from day one and for years to come. In addition to the company’s certification as a Siemens Solution Partner and a Rockwell Automation Recognized System Integrator, EDC is a factory authorized/factory trained service center for over 40 drive brands. For more information, visit the company’s website, LinkedIn, Twitter, Facebook, and YouTube.

Media Contact

Georgia Whalen, Rivergate Marketing, (978) 697-2664, Gwhalen@rivergatemarketing.com, www.electronicdrives.com/home/

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SOURCE Electronic Drives and Controls, Inc. (EDC)

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Allstate Financial Services Selects Covr to Provide Life Insurance, Long-Term Care, and Disability Insurance Solutions

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Covr’s Digitally Enabled Insurance Platform Will Simplify the Buying Process

HARTFORD, Conn., Nov. 14, 2024 /PRNewswire/ — Covr, a leading digital insurance provider, has partnered with Allstate Financial Services, LLC to offer a streamlined suite of life, long-term care (LTC), and disability income insurance solutions through Covr’s digital platform. This partnership provides Allstate Financial Services customers with a simple, connected experience, featuring an intuitive, paperless process that makes it easier than ever to purchase insurance tailored to their diverse needs.

Covr’s platform offers an easy-to-use, self-guided experience to efficiently compare and recommend insurance products. Additionally, Allstate Financial Services will offer a range of products through Covr’s platform, including guaranteed issue life insurance through Gerber Life and disability insurance through Assurity, Ameritas, MassMutual, Mutual of Omaha and Principal. Traditional long-term care will also be available through Mutual of Omaha.

“We are extremely pleased to add Allstate’s network of 7,000+ representatives to our insurance platform,” said Michael Kalen, CEO of Covr. “Their business owners and individual customer base fits perfectly with our portfolio of simplified life, LTC, and disability income solutions for agents and their customers.”

“We’re committed to expanding solutions that better meet our customers’ protection needs,” said Scott Delaney, President and CEO, Allstate Financial Services. “With Covr’s digital platform, our representatives can deliver a more connected experience and offer a broader range of insurance options tailored to each customer’s unique needs.”

Allstate representatives will collaborate closely with Covr’s sales team to ensure ongoing support. Allstate Financial Services will also benefit from Covr’s top-tier case management services, providing end-to-end support throughout the entire insurance process.

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SOURCE Covr Financial Technologies

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