Energy & Green Renewable Technology Market News

Boom of global green building materials market explained

Boom of global green building materials market explained

Green building is a technology to develop an environmentally friendly building structure.

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Global green building materials market is expected to grow at a CAGR of 11.9% from 2016 to 2022 to reach $377,029 million by 2022 from $171,475 million in 2015.

The purpose of green building structures is to reduce the negative impacts of buildings on human health and the environment through better site selection, construction, design, maintenance, and removal throughout the complete life cycle of the green building material. The aim of the report is to analyze the present and projected future trends of global green building materials market, as the demand for the product is expected to rise.

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The analysis provides an understanding of the market potential in various industry applications. The study focuses on the opportunities in emerging economies of the globe so that companies can strategically make region specific plans and gain a competitive frame of reference.

The positive effect of green building on human health majorly drives the market. Moreover, governments in various developed countries facilitate high performance green building; an example of this is U.S.

American Recovery and Reinvestment Act. Owing to the frequent climate changes and extreme weather conditions, consumers prefer to adopt green roof technology to maintain the temperature within the structure as well as for rainwater harvesting.

However, unavailability of high performance and ecofriendly green building material and cost concerns are the key factors that hinder the market growth.

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The cost associated with the construction of green buildings is more than that for normal buildings. The market is anticipating a significant growth attributing to the stringent regulations adopted by North American and European Governments shifting the focus towards green building technology.

Furthermore, attempts by various NGOs and societies to increase awareness about the adoption of sustainable technology would drive the green building material market in future. 

The report segments the green building construction materials market on the basis of product type, application, and geography. Based on product type, the market is segmented into exterior products, interior products, building systems, solar products, and others.

Others include structural products and permeable pavement. According to application, the market is classified into residential buildings and non-residential buildings.

Non-residential segment includes commercial & office, institutional, industrial, hospitality, and leisure. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the current trends and estimations, and dynamics through 2014‐2022, which assist in identifying the prevailing market opportunities.
  • Major countries in each region are mapped according to individual market revenue.
  • This study evaluating competitive landscape and value chain is taken into account to understand the competitive environment across the geographies.
  • Comprehensive analysis of factors that drive and restrict the growth of green construction materials market is provided.
  • An in-depth analysis of certification programs within the market is provided with key factors that highlight the market behavior.
  • Leading players are profiled and their key developments in recent years are listed.

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