Global green building materials market size expecting to reach USD 364.6 billion by 2022. That’s according to a new report by Grand View Research, Inc.. So growing demand for environmental-friendly and sustainable building materials. All expecting to propel the growth of the market.
Green building materials prevent the usage of toxic paints. Paint containing lead, in turn improving indoor air quality.
Furthermore, the products also offer plentiful natural lighting. Thereby reducing energy usage on lighting in those areas altogether. It’s what reduces the overall expenditure. So therefore copious raw material availability coupled with a many manufacturers expecting to aid the growth of market.
Similarly, technological innovations have facilitated a rise in demand in green materials. Therefore as products are becoming increasing affordable and readily available. Likewise, the demand has increased dramatically over the past few years. That’s majorly due to rebounding construction market.
As a result and increasing demand for green building materials are then coupled particularly in emerging economies. All expecting to have a positive impact towards market growth. In addition, a large number of manufacturers expecting to increase the ease in sourcing the products. Oversupply of green building materials expected to lower product price. All which expected driving the market growth over the forecast period.
Therefore the market exhibits a large number of manufacturers. Engaged in the manufacturing of wide range of products. They are including roofing, insulation, and frames. In addition, easily accessible to raw materials. All coupled with product demand is likely to increase industry rivalry. Finally, that which is expecting to improve product quality.
Finally, Browse full research report with TOC on “Green Building Materials Market Size, Share & Trend Analysis Report By Product, By Application (Framing, Insulation, Roofing, Exterior Siding, Interior Finishing), And Segment Forecasts, 2012 – 2022” at: https://www.grandviewresearch.com/industry-analysis/green-building-materials-market
In conclusion, Further Key Findings From the Report Suggest:
a) Structural product segment expected to reach USD 239.1 billion by 2022. It is owing to their superior aesthetics, and durability, and ability to reduce carbon emissions.
b) Insulation estimated to be the fastest growing application with a growth rate of 11.7% over the forecast period. Consequently on the account of its high energy efficiency. And then coupled with heightened emphasis on installing interior insulation solutions
c) The demand for the product in Asia-Pacific expecting to reach a value of USD 78.4 billion by 2022. All in the wake of rising residential construction and growing infrastructure development.
d) Manufacturers primarily focus on producing standard products for consumers. However, customizations as per consumer preference are expected. Expected to be the way forward which in turn anticipating to propel demand.
Browse related reports by Grand View Research:
1. Fireclay Tiles Market – The global market for fireclay tiles expected to show significant growth on account of its superior thermal properties when compared to conventional clay tiles.
Finally, Grand View Research has segmented the green building materials market. On the basis of product, application, and region:
• Green Building Materials Product Outlook
Green Building Materials Application Outlook
9 Exterior Siding
10 Interior Finishing
12 Green Building Materials Regional Outlook (Revenue; USD Billion, 2012 – 2022)
13 North America
15 Asia Pacific
16 Rest of the World
Finally, this Blog is By Grand View Research: https://www.grandviewresearch.com/blogs/advanced-materials
Source: Grand View Research, SAN FRANCISCO, March 19, 2018 /PRNewswire/