22nd July 2019 – Global Green
Building Materials market is anticipated to reach USD 364.6 billion by
2022. . The green building materials market is anticipated to grow at a
significant CAGR of 11.2% in the upcoming period as the scope, product types,
and its applications are increasing across the globe.
In Green Building Materials, the
recycled products are mainly used as a material, which improve the quality of
life and production environment. These materials helping conservation of
non-renewable properties and decrease environmental influence related to
processing, fabrication, installation, recycling of building materials,
disposal, and transportation. To address several environmental challenges the
green building materials are working in construction industry, comprising
natural resource depletion, loss of biodiversity, atmospheric pollution,
contamination of fresh water resources, and anomalous climate change.
In addition, the low maintenance and
operational pressure and costs of environmental regulations relating to
productions are the key factors that propel the green building materials
industry worldwide. On the other hand, irregular application of energy
guidelines and extremely price-sensitive customers may restrain the growth of
market
Green building materials industry may be
explored by type, applications, and geography. The market may be explored by
product as Structural, Interior, Exterior, and Others. Amongst the products,
structural products segment accounted for 60%. This segment is anticipated to
raise at a CAGR of 11.4% over the upcoming period.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/green-building-materials-market/request-sample
Green building materials market may be
explored by application as Framing, Insulation, Roofing, Interior Finishing,
Exterior Siding, and Others. The “Insulation” segment is projected to reach
85.9 billion by 2022. However, high stages of energy maintenance, and growing
construction activities in the commercial and residential sector are
anticipated to help in the development of this sector in the upcoming period.
Moreover, Roofing segment is the second
foremost market; followed by framing segment in the years to come. Increasing
acceptance of non-toxic recycled rubber roofing owing to its superior
durability and weather-resistance is anticipated to propel the demand for
roofing products in the forecast period.
North America has been at the forefront
with regards to green building materials industry and will continue to rule the
roost in the years to come. The North America estimated to account for the
major share of 35% of the global volume in 2016. The region is estimated to
continue to be a foremost user over the forthcoming period. This inclination is
anticipated to remain in the upcoming period due to the construction codes and
promising policies regarding usage of products in the building manufacturing,
coupled with growing transformation and innovation activities.
Some of the key players that fuel
the growth of the green building materials market include Interface, AMVIC
Building Systems, Alumasc Group Plc, Binderholz GmbH, BASF SE, and Bauder Ltd.
The leading companies are taking up partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of the industry.
For
More Details, Visit @ http://www.millioninsights.com
No comments:
Post a Comment