The India green building materials market size reached USD 13.86 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 39.01 Billion by 2033, exhibiting a growth rate (CAGR) of 11.28% during 2025-2033. The market is witnessing significant growth, driven by widespread adoption of energy-efficient and sustainable construction materials and escalating demand for recycled and locally sourced building materials.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 13.86 Billion |
Market Forecast in 2033 | USD 39.01 Billion |
Market Growth Rate (2025-2033) | 11.28% |
Increased Adoption of Energy-Efficient and Sustainable Construction Materials
The India green building materials market is witnessing a spike in the demand for energy-efficient and sustainable construction materials, primarily due to increasing concerns for the environment and government initiatives for promoting eco-friendly infrastructure. More frequently, developers and architects are using insulated concrete forms (ICFs), autoclaved aerated concrete (AAC) blocks, and high-performance glass in their projects to achieve energy-efficient design in both residential and commercial buildings. These materials very effectively cut down energy consumption with the help of thermal insulation, thereby drastically reducing heat gain and minimizing the need for dependent artificial cooling and heating systems. In addition, the focus on green certifications such as Indian Green Building Council (IGBC) and Leadership in Energy and Environmental Design (LEED) is generating more urgency concerning the adoption of sustainable materials. For instance, according to industry reports, as of September 30, 2024, 95% of assets rated by Crisil Ratings are green-certified, with nearly 100% of office REIT stocks also achieving green certification. Developers seeking to comply with environmental regulations and meet consumer expectations for eco-friendly buildings are investing in innovative products like phase change materials (PCMs), low-emission paints, and recycled steel. Additionally, advancements in smart construction technologies, including prefabrication and modular building techniques, are supporting the use of energy-efficient materials. As consumer awareness regarding sustainable living increases and stringent environmental regulations take effect, the demand for energy-efficient green building materials is expected to witness sustained growth in India.
Rising Demand for Recycled and Locally Sourced Building Materials
The Indian green building materials market is witnessing the rising demand for recycled and locally sourced materials as sustainability takes center stage in the construction industry. Builders and developers are prioritizing materials with low environmental impact, such as recycled concrete, reclaimed wood, and fly ash-based bricks, to minimize resource depletion and reduce carbon footprints. The circular economy approach is gaining traction, with industry players repurposing demolition waste and incorporating industrial by-products into new construction materials. Government policies and incentives supporting waste reduction and resource efficiency are further driving this trend. The National Building Code of India (NBC) and state-level sustainability guidelines encourage the use of alternative and recycled materials in construction projects. Additionally, the availability of cost-effective, locally sourced materials is making sustainable construction more viable for developers and contractors. For instance, in 2024, according to industry reports, India’s booming construction market, building 300,000+ units annually, faces environmental challenges, consuming 33% of electricity. As green building adoption grows, the country holds vast potential for innovative materials and sustainable technologies integration. The shift toward green procurement practices and growing consumer preference for environmentally responsible housing solutions are contributing to market expansion. As urbanization continues to accelerate, the emphasis on recycled and locally sourced materials is expected to strengthen, reinforcing India's transition toward a more sustainable construction ecosystem.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on application.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes insulation, roofing, framing, interior finishing, exterior siding, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Applications Covered | Insulation, Roofing, Framing, Interior Finishing, Exterior Siding, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: