Green Building Materials Market Size To Touch $364 Billion By 2022: Grand View Research, Inc.
The 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.
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.
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Research Report On Global Green Building Materials Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/green-building-materials-market
www.grandviewresearch.com/industry-analysis/green-building-materials-market
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.
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.
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More Reports Of This Category By Grand View Research:
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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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Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-green-building-materials-market
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.
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Information: www.grandviewresearch.com
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