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.
Full Research Report On Green Building Materials Market Visit Here:
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.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/green-building-materials-market/request/rs1
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.
For more info visit @ https://www.grandviewresearch.com
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