India green building materials market was USD 13.86 Billion in 2024 and is forecast to reach USD 39.01 Billion by 2033 at an 11.28% CAGR.
Attributes and Key Statistics of the India Green Building Materials Market Report by IMARC Group:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Units: USD Billion
Market Size in 2024: USD 13.86 Billion
Market Forecast in 2033: USD 39.01 Billion
Market Compound Annual Growth Rate 2025-2033: 11.28%
As indicated in the latest market research report published by IMARC Group, titled “India Green Building Materials Market Size, Share, Trends and Forecast by Application and Region, 2025-2033,” the report presents a thorough review featuring the India green building materials market growth, share, trends, and research of the industry.
India Green Building Materials Market Size & Future Growth Potential:
The India green building materials market was valued at USD 13.86 Billion in 2024 and is projected to grow to USD 39.01 Billion by 2033, with an expected compound annual growth rate (CAGR) of 11.28% from 2025 to 2033.
India Green Building Materials Market Trends:
Increasing awareness of green building, and regulatory measures mandating green building materials in construction and development of buildings, are helping the growth of the India green building materials market. Increasing use of recycled steel, bamboo, low-VOC paints, and energy-efficient insulation materials for reduction of carbon footprints supports this market. New materials like fly ash bricks and precast concrete have made buildings more durable and less wasteful. Green certification systems like LEED and IGBC have enabled green building technology to be applied both in residential and commercial sectors by promoting energy-efficient management and practices.
Commercialization and urbanization of construction and the focus on green materials in the commercial and residential sectors have led to increased uptake of smart technologies like solar panels and rainwater harvesting systems with green materials for a full sustainable construction package. Government initiates the Pradhan Mantri Awas Yojana (PMAY) scheme, which promotes green and affordable housing, and consumers become aware regarding health and indoor air quality. These actions add to the demand in green building materials. R&D invests more and construction companies and material manufacturers collaborate, so they will introduce affordable, high-performance green building materials in the market.
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India Green Building Materials Market Scope and Growth:
The Indian green building materials market offers numerous growth opportunities owing to rapid urbanization, increasing disposable income levels, and growing awareness regarding the benefits of green and sustainable living. The demand for recycled wood, green roofing, and energy-efficient glass is also being propelled by green construction in the Indian construction sector. Government incentives for green infrastructure, such as tax credits for green certified buildings, are also creating demand. Commercial real estate such as offices or retail spaces are some of the largest sources of this demand, as companies seek out energy savings and green building standards.
The residential sector is adopting green material in response to consumer demand for green homes in metropolitan markets. Emerging technology in manufacturing will assist in reducing the cost of utilizing green material for mid-level development rather than strictly high-end development. The green building materials market is experiencing increasing foreign investment/partnerships to increase India’s green construction market. With rising awareness of climate change, green building materials are expected to see increasing use in urban and rural projects across India. The industry’s growth is supported by awareness campaigns and training of architects and contractors on sustainable design and construction.
Latest News:
India’s green building market is projected to grow at a CAGR of ~10.5 % through FY32, reaching an opportunity size of around USD 85 billion.
Developers in India are increasingly adopting new-age tech and sustainable practices (including green building materials) as part of the green-building boom.
A large construction & building-materials event, the World of Concrete India 2025, held in Mumbai, showcased advancements in sustainable building materials, reflecting rising interest.
The Mysuru City Corporation (MCC) is setting up a ₹10 crore debris-recycling plant at Hanchya-Sathagalli to process construction & demolition waste into reusable materials — contributing indirectly to the demand for recycled green building material.
A report by Villgro Innovations Foundation and Habitat for Humanity Terwilliger Center for Innovation in Shelter estimates a USD 70 billion market for green building materials in India and calls for decarbonising construction.
Comprehensive Market Report Highlights & Segmentation Analysis:
Application Insights:
Regional Insights:
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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