Green Building Materials Global Demand is Anticipated to Grow by 10% During the Period from 2024 through 2030
A new report from Industry Experts Inc, on "Green Building Materials", reveals that the market for Green Building Materials is likely to witness a CAGR of 10.1% during the 2024-2030 analysis period and reach a projected US$645.5 billion by 2030 from an estimated US$363.4 billion in 2024.
Given the level of construction activity going on across the world, Green Building Materials have emerged as a viable alternative to conventional materials being used due to several reasons, the most important of which include conservation of depleting non-renewable resources, eco-friendly processes used to make green building materials, wider acceptance for these materials owing to climate change, need for energy efficiency in buildings and government policies & global smart city projects boosting application of green building materials.
Owing to the fact that heat transfer between the exterior and interior of a building can be controlled by using proper Insulation, this application of Green Building Materials leads the global market. Eco-friendly materials, such as cellulose, natural fibers and other recycled materials are widely used for this due to their outstanding thermal resistance. Roofing is another area where the use of Green Building Materials has grown considerably, since green roofs are being considered as Nature-Based Solutions (NBS) that can overcome a range of environmental issues related to climate change.
Worldwide, the market for green building materials is analyzed in this report for all major regions across North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.
Green building materials global market analyzed in this report with respect to Application - Exterior Siding, Framing, Insulation, Interior Finishing and Roofing; and End-Use Sector -Commercial, Industrial & Institutional, Infrastructure and Residential.
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