Green Buildings Material Market is projected to achieve market value of USD 364 billion by 2022. Lower operating costs and maintenance required for these materials is expected to spur market demand over the forecast period (2015 - 2022). Additionally, energy consciousness and awareness of these materials by consumers will prove beneficial to the market.
Full Research Report on Global Green
Building Materials Market Analysis:
http://www.grandviewresearch.com/industry-analysis/green-building-materials-market
http://www.grandviewresearch.com/industry-analysis/green-building-materials-market
Regulations aimed at favouring green
building materials in construction as well as the rising growth of the
construction industry will positively impact the market. Raw materials needed
to manufacture are available at a low cost, lowering the operation cost in the
process. Government initiatives like ENERGY STAR in the US provide incentives
to consumers who employ green materials. This trend to reduce energy
consumption is expected to promote market growth.
Exterior materials were worth over USD 19
billion in 2014. This can be attributed to aesthetics and superior durability
associated with exterior materials. Wood, clay brick, bamboo, fiber cement,
aerated concrete, and other reinforced materials encompass exterior materials.
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more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/green-building-materials
Insulation was the leading application
estimated to be worth USD 35 billion in 2014. Spray polyurethane foam is the
most widely used insulator. Framing is the second strongest application growing
at an 11.5% CAGR over the next 7 years. Certified wood, autoclaved aerated
cement recycled steel studs, certified wood, and other insulated panels are
used after undergoing technological advances. They provide structural stability
and reduce emission at the same time.
Europe had a demand for green building
materials worth USD 46 billion in 2014. It will experience a high growth rate
on account of the European Union attempting to reduce its global carbon
footprint. New construction projects in this region will contribute to the
revenue pool of the market. Existing concrete buildings have been converted to
green buildings. The construction industry in Europe as well as demand for
these materials will ensure the market growth. Asia Pacific will display growth
rate of 12% during the forecast period.
Notable players of the green building
materials market are Binderholz GmbH, PPG Industries, Forbo International SA,
Bauder Limited, and Lafarge.
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Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-green-building-materials-market
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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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