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:
www.grandviewresearch.com/industry-analysis/green-building-materials-market
Further
key findings from the study 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: 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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-green-building-materials-market
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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