The global green
building materials market size is expected to reach USD 364.6
billion by 2022, according to a new report by Grand View Research, Inc. Growing
demand for environmental-friendly and sustainable building materials is
expected to propel the growth of the market.
Green building materials prevents the usage of toxic
paints containing lead, in turn improving indoor air quality. Furthermore, the
products also offer plentiful natural lighting thereby reducing energy usage
which thereby reduces the overall expenditure. Copious raw material availability
coupled with a large number of manufacturers is expected to aid the growth of
market.
Technological innovations have facilitated a rise in
demand in green building materials, as products are becoming increasing
affordable and readily available. As a result, the demand has increased
dramatically over the past few years majorly due to rebounding construction
market.
Increasing demand for green building materials coupled
particularly in emerging economies is expected to have a positive impact towards
market growth. In addition, presence of large number of manufacturers is
expected to increase the ease in sourcing the products. Oversupply of green
building materials is expected to lower product price which is expected drive
the market growth over the forecast period.
The market exhibits the presence of a large number of
manufacturers engaged in the manufacturing of wide range of products including
roofing, insulation, and frames. Easy accessibility to raw materials coupled
with product demand is likely to increase industry rivalry which is expected to
improve product quality.
Browse full research report on Green Building Materials Market: https://www.grandviewresearch.com/industry-analysis/green-building-materials-market
Further
key findings from the report suggest:
- Structural product segment is expected to reach USD 239.1 billion
by 2022, owing to their superior aesthetics, and durability, and ability
to reduce carbon emissions.
- Insulation is estimated to be the fastest growing application with
a growth rate of 11.7% over the forecast period, on the account of its
high energy efficiency coupled with heightened emphasis on the
installation of interior insulation solutions
- The demand for the product in Asia Pacific is expected to reach a
value of USD 78.4 billion by 2022 in the wake of rising residential
construction and growing infrastructure development.
- Manufacturers primarily focus on the production of standard
products for consumers. However, customizations as per consumer preference
are expected to be the way forward which in turn is anticipated to propel
demand.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/green-building-materials
Grand
View Research has segmented the green building materials market on the basis of
product, application, and region:
Green
Building Materials Product Outlook (Revenue, USD Billion; 2012 - 2022)
- Structural
- Exterior
- Interior
- Others
Green
Building Materials Application Outlook (Revenue USD Billion; 2012 - 2022)
- Framing
- Insulation
- Roofing
- Exterior
Siding
- Interior
Finishing
- Others
Green
Building Materials Regional Outlook (Revenue; USD Billion, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- Rest of the
World
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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