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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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Medius Appoints Gary Hall as Chief Product Officer to Drive Product Strategy

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BOSTON, May 12, 2025 /PRNewswire/ — Medius, a leading provider of AP Automation and Spend Management solutions, has today announced the appointment of Gary Hall as its Chief Product Officer (CPO).  

The appointment comes at a transformative time for Medius, following the recent launch of Medius Copilot for Accounts Payable Automation – a smart assistant that streamlines invoice approval, and Medius Supplier Conversations, which enhances supplier engagement through intelligent response automation. As CPO, Hall will lead the development and execution of Medius’ global product vision, ensuring the company remains at the forefront of AI-powered, digital-first spend management. 

With over 25 years of experience in engineering, product development, and strategic leadership, Hall joins Medius from working capital as a service provider GSCF, where he also served as Chief Product Officer. His track record includes scaling digital transformation initiatives, unlocking new revenue streams, and steering product strategy at industry innovators such as Wayfair and iRobot. Hall’s extensive expertise and customer-centric approach will be instrumental in accelerating Medius’ mission to empower finance teams of the future to optimize and transform spend. 

Gary Hall, Chief Product Officer, Medius, comments, “Medius is redefining the experience of managing spend with AI, and I’m excited to be part of that journey. We’re not just automating processes – we’re empowering finance teams to make faster, smarter decisions that drive real business outcomes. Leading this next chapter of product innovation is a rare opportunity, and I’m eager to help shape what the future of spend management looks like.”  

Jim Lucier, Chief Executive Officer, Medius, comments, “As we continue to integrate intelligent technologies into our product offering, Gary’s appointment as Chief Product Officer will be critical in ensuring the Medius platform enables our customers to reach their goals. Gary will be essential in leading a global product strategy that provides businesses with a complete view of their spend and continues to transform our APA and spend management solutions offering.” 

For more information, please contact: 

Dan Bird, Fight or Flight for Medius
Dan.Bird@fightflight.co.uk +44 7885 670798 / Medius@fightflight.co.uk 

This information was brought to you by Cision http://news.cision.com

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TriNet Launches “Your Path, Our Purpose” Brand Campaign Celebrating the Inspiring Journeys of Small and Medium-Size Businesses

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Features TriNet Customers Van Leeuwen Ice Cream, Zap Surgical Systems, Good Culture, and Zymo Research  

DUBLIN, Calif., May 12, 2025 /PRNewswire/ — TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today unveiled its new brand campaign. Part of the “People Matter” creative idea, the new campaign, “Your Path, Our Purpose,” celebrates the unique journey of TriNet customers as they drive change, spark innovation, and positively impact their communities and employees.

At the heart of the campaign are vivid, stunning portraits captured through the lens of world-renowned photographer Annie Leibovitz, who once again collaborated with TriNet to bring these stories to life. With a dynamic visual style and stand-out special effects, by the Emmy® award-winning Garson Yu, and spectacular sounds created by artist and film composer Piers Baron, the campaign immerses viewers into each story, starting at the pivotal moment where purpose meets action. It unfolds like a book coming to life, guided by a moving pen, bringing authentic meaning to every frame.

“Small and medium-size businesses are driving change, improving lives and shaping communities through their innovation and determination,” said Michael Mendenhall, TriNet Senior Vice President, Chief Marketing Officer and Chief Communications Officer. “This campaign is a celebration of their impact and a testament to why TriNet exists—to support and empower them at every step of their journey. We are thrilled to partner again with Annie Leibovitz, who has been an integral part of our ‘People Matter’ series highlighting the incredible ways SMBs are changing the world.”

Featured Entrepreneurs and Businesses

“Your Path, Our Purpose” follows four TriNet customers on their journeys while visually spotlighting the place or moment where something happens for the greater good. Each image illustrates them driving change, innovating in their respective industries, and improving lives. The campaign highlights an impressive group of SMB leaders and their companies, all embodying the entrepreneurial spirit, including:

Zap Surgical Systems – A trailblazer in advanced surgical robotics, Zap Surgical is redefining radiosurgery with its ZAP-X platform, bringing life-saving stereotactic treatments to more people worldwide. Led by Dr. John R. Adler, Jr., a globally renowned innovator and the inventor of the CyberKnife®, Zap is at the forefront of transforming healthcare.Van Leeuwen Ice Cream – What started as a yellow scoop truck on the streets of New York City in 2008 has grown into a beloved brand with locations across the country. Co-founded by Ben Van Leeuwen, Pete Van Leeuwen, and Laura O’Neill, Van Leeuwen Ice Cream is known for its commitment to craftsmanship, offering eclectic dairy and vegan flavors that delight ice cream lovers everywhere.Zymo Research – Since 1994, Zymo Research has been a global leader in biotechnology, advancing cutting-edge discoveries in epigenetics, microbiomics, and Next-Gen Sequencing. With its innovative tools and global reach, Zymo empowers researchers in academia and the biomedical field to push the boundaries of science.Good Culture – Founded in 2015, Good Culture is revolutionizing the dairy aisle with its line of organic, pasture-raised, and additive-free cultured foods. Co-founders Jesse Merrill and Anders Eisner have turned cottage cheese into a modern-day superfood, showing the power of real, clean ingredients to transform the way we eat.

TriNet’s “Your Path, Our Purpose” campaign will run nationwide across television, radio, digital platforms, and out-of-home advertising, reaching audiences in major markets, including New York City, the San Francisco Bay Area, Los Angeles, Boston, and Atlanta. With its compelling storytelling and iconic visuals, the campaign shines a spotlight on the extraordinary contributions of small and medium-size businesses and underscores TriNet’s unwavering commitment to their success.

About TriNet
TriNet is a leading provider of Human Resources solutions for small and medium size businesses, offering advanced technology-enabled services that include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. Our long-term objective is to be the premier provider of HR services for a broad range of SMBs through industry leading benefits, sales distribution excellence, and a world class services delivery model. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.   

Investors:  

Media:

Alex Bauer  
TriNet 
Alex.Bauer@TriNet.com  

Renee Brotherton/Josh Gross
TriNet
Renee.Brotherton@TriNet.com
Josh.Gross@TriNet.com

TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

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SOURCE TriNet

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X-Bow Systems Announces Final Closing of Over $105 Million Series B Funding to Deliver State-of-the-Art Defense Technologies at Speed and Scale

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ALBUQUERQUE, N.M., May 12, 2025 /PRNewswire/ — X-Bow Systems Inc (X-Bow), the leading non-traditional producer of advanced manufactured solid rocket motors (SRMs) and defense technologies, today announced the successful final closing of its Series B funding round, totaling over $105 million. The strategic portion of this round was led by Lockheed Martin with a significant investment in X-Bow Systems. To strengthen the industrial base and create mutual benefit for both companies, X-Bow and Lockheed Martin have entered into a strategic agreement allowing Lockheed Martin to accelerate X-Bow as a new independent supplier of SRMs and other services for their existing and future programs.

“We have built a highly respected ‘deep hardware technology’ company with the current Series A and B investments from our venture partners,” said Jason Hundley, chief executive officer and founder of X-Bow Systems. “This additional investment and our ongoing partnership with Lockheed Martin position us for significant growth. We are expanding our production capacity, accelerating our innovation efforts and strengthening our role as a critical independent supplier within the defense industrial base.”

“We are pleased to continue our investment in X-Bow Systems, a company developing SRM technology that aligns with our strategy to support innovative solutions that enhance our nation’s security,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “Our follow-on investment in X-Bow Systems underscores Lockheed Martin’s dedication to advancing the aerospace and defense industry.”

Prior to this Series B raise, X-Bow established itself as a leader and innovator in the defense and aerospace sectors, demonstrated by:

Successful Launch Services: A multi-year backlog in hypersonic component flight tests and other critical DoD mission capabilities.Non-Traditional SRM Industrial Base Leader: The only new company to be integrated into over 8 SRM programs across both strategic and tactical sizes.Technology Disruption: Utilizes a patented Advanced Manufacturing of Solid Propellant (AMSP) system with over 12 development iterations, capable of printing and flying both tactical and strategic size SRM energetic grains.Innovation Expertise: Producing and executing the development of the world’s only ‘mobile energetics factory,’ the revolutionary Rocket Factory in a Box™, a rapidly deployable energetics production system that offers unprecedented flexibility for defense applications.

Fueled by private capital, X-Bow’s soon-to-open Texas energetics campus located just south of Austin, utilizes the company’s AMSP technology. Our affordable and sustainable SRM production approach allows the Department of Defense and other customers the speed and scale to counter evolving threats.

This total round included investment from Razor’s Edge Ventures, Crosslink Capital, Lockheed Martin, Balerion Space Ventures, Boeing Ventures, Bravo Victor Venture Capital, Upsher Management Company, Capital Factory Ventures, Arkenstone Capital, and Event Horizon Capital.

Union Square Advisors LLC served as exclusive financial advisor to X-Bow for this financing transaction.

About X-Bow Systems
X-Bow Systems is disrupting the aerospace industry with innovative and cost-effective advanced manufactured energetics for the solid rocket motor and launch vehicle market. X-Bow is also designing and building a suite of modular solid rocket motors and small launch vehicles for both orbital and suborbital launch services. X-Bow is led by CEO Jason Hundley, Chairman Mark Kaufman, CTO Max Vozoff, CRO Maureen Gannon, General Counsel John Leary, COO Mike Bender, CFO Hector Fernandez and a growing team of seasoned industry veterans and new space entrepreneurs. X-Bow is a dual-use technology company with investment from: Crosslink Capital, Razor’s Edge Ventures, Balerion Space Ventures, Boeing, Arkenstone Capital, The Capital Factory, Upsher Management Company, Event Horizon Capital, and Lockheed Martin Ventures. Headquartered in Albuquerque, New Mexico, X-Bow has additional presence in California, Alabama, Colorado, Texas, Utah, Maryland and Washington, DC. For more information visit XBowSystems.com.

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