San Francisco, 16 October 2018 , The global greenbuilding 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 Analysis:
www.grandviewresearch.com/industry-analysis/green-building-materials-market
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 At: 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 Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-green-building-materials-market
https://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.
For more information: www.grandviewresearch.com/
