iConnectHub

Login/Register

WeChat

For more information, follow us on WeChat

Connect

For more information, contact us on WeChat

Email

You can contact us info@ringiertrade.com

Phone

Contact Us

86-21 6289-5533 x 269

Suggestions or Comments

86-20 2885 5256

Top

Markets for green building materials to post high growth

Source:Researchandmarkets Release Date:2022-04-08 3205
ChemicalPlastics & RubberCompoundingOthersRaw Materials & CompoundsMaterials Handling, Measuring & Testing
Add to Favorites
The global green building materials market is projected to reach US$ 523.7 billion by 2027, posting a CAGR of 11.06% during 2022-2027.

The global market for green building materials remains robust as projections are optimistic despite the uncertainties due to COVID-19. The report, “Global Green Building Materials Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts” by ResearchAndMarkets.com estimates global green building materials market at US$ 280.5 billion in 2021. Looking forward, the publisher expects the market to reach US$ 523.7 Billion by 2027, exhibiting at a CAGR of 11.06% during 2022-2027.

 

Keeping in mind the uncertainties of COVID-19, the report says that the researchers are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

 

The green building materials market is currently being catalysed by a growing demand for structures with low greenhouse gas emissions. In addition, the reduced operational and maintenance costs provided by the construction of new green buildings due to less energy consumption is further stimulating the demand for these materials.

 

Green Building Materials refer to materials which enhance the sustainability and efficiency of a building structure in terms of design, construction, maintenance and renovation. These materials are derived from renewable waste products and are highly energy efficient. Some of the popular materials used in the construction of green buildings are bamboo, hempcrete, straw bales, mycelium, wood, rammed earth, timbercrete, grasscrete, recycled plastic, etc. Over the past few years, Green Building Materials have been widely utilised in various construction activities as they reduce environmental impact associated with installation, transportation, fabrication, processing, disposal and recycling of building materials.

 

Additionally, the rising adoption of green buildings due to the increasing awareness pertaining to the health and environment hazards of carbon emission has resulted in fostering the growth of the market worldwide. Moreover, the favourable policies and initiatives offered by various governments, particularly in the developed nations, to encourage green construction is further giving impetus to the market.

 


Add to Favorites
You May Like