Green Building Materials Market Report 2021-2026: Size, Share, Trends, Demand and Future Scope
SHERIDAN, WYOMING, USA, Nov 30, 2021 /EINPresswire.com/ – The global green building materials market size reached US $ 299 billion in 2020. Looking ahead, the market is expected to grow at a CAGR by 9% in 2021-2026, according to the latest report from the IMARC group.
Green building materials are either naturally available or made from recyclable and renewable waste. Some of the most commonly used green building materials are stone, wood, bamboo, hemp concrete, wood concrete, straw bales, and recycled plastics. They reduce the environmental impact of the installation, transportation, manufacture, disposal and recycling of the building structure. Green building materials are durable, energy efficient and have minimal operating and maintenance costs. As a result, they are widely used as ideal building materials in both residential and non-residential sectors.
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Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Global Green Building Materials Market Trends:
The global green building materials market is primarily driven by the growing number of construction activities around the world. Green building materials improve the efficiency and durability of building structures in terms of design, construction, maintenance and renovation. In addition to this, the growing awareness of the detrimental effects of conventional building materials has led to a shift towards environmentally friendly alternatives. For this reason, the governments of different countries are implementing various standards and building codes that are environmentally friendly and energy efficient. These codes and standards have helped improve the overall performance of buildings by setting minimum benchmarks for energy efficiency and other parameters, thus increasing the demand for green building materials.
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Based on the application, the market has been segmented into insulation, roofing, framing, interior finishing, exterior cladding and others. Of these, insulation dominates the market, accounting for the majority of the market share.
Geographically, North America shows clear market dominance. The other major regions are Europe, Asia-Pacific, Middle East and Africa and Latin America.
The competitive landscape of the market has been examined with some of the major players being Alumasc Group plc, Bauder Limited, Binderholz GmbH, CertainTeed, RedBuilt LLC, PPG Industries, Inc., DuPont de Nemours, Inc., Forbo International SA, Interface Singapore Pte. Ltd, Kingspan Group, LafargeHolcim Ltd, BASF SE and Owens Corning.
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