Global Green Building Materials Market Trends And Strategies Of Major Players In The Green Building Materials Market 2021-2030
2 Aug, 2021
The green building materials market consists of sales of green building materials by entities (organizations, sole traders, or partnerships) manufacture eco-friendly, durable, and renewable green building materials. Green building materials are defined as those materials which are both locally sourced and renewable. Green building materials use less water and are easier to maintain than traditional building materials, and they improve the sustainability and efficiency of a building because of a lower carbon footprint.
Global Green Building Materials Market Size And Drivers:
The global green building materials market is expected to grow from $216.99 billion in 2020 to $238.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth in the green building materials market is mainly due to the growing awareness about environmental sustainability which is driving the demand for green building materials. The market is expected to reach $383.85 billion in 2025 at a CAGR of 12.6%. The increasing demand for green buildings is expected to drive the growth of the green building materials market in the coming years.
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Trends In The Global Green Building Materials Market
The introduction to environment-friendly products is gaining significant popularity in the green building materials market. Major participants in the green building materials industry are concentrating on launching new product lines that minimize the global warming potential (GWP) without compromising product quality. For instance, in August 2020, Owens Corning, a US-based building and industrial materials company introduced a new product line FOAMULAR NGX (Next Generation Extruded) in the USA and Canada. This innovative range of extruded polystyrene (XPS) foam products in the new product line uses a patented blowing agent that reduces the global warming potential (GWP) by 90% without affecting product quality.
Global Green Building Materials Market Segments:
The global green building materials market is further segmented based on type, application, end use and geography.
By Type: Structural, Exterior, Interior, Others
By Application: Framing, Insulation, Roofing, Exterior Siding, Interior Finishing, Others
By End Use: Residential Buildings, Non-Residential Buildings
By Geography: The global green building materials market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the green building materials market in 2020.
Read More On The Report For The Global Green Building Materials Market At:https://www.thebusinessresearchcompany.com/report/green-building-materials-global-market-report
Green Building Materials Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides green building materials market overviews, analyzes and forecasts market size and growth for the global green building materials market, green building materials market share, green building materials market players, green building materials market segments and geographies, green building materials market’s leading competitors’ revenues, profiles and market shares. The green building materials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.