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14/02/2018

Green Building Material Market Quadruples by 2022 at a ~17% Of Whooping CAGR; Asserts MRFR

Market Highlights

Green Buildings are the structures that utilizes the resource efficient and environment friendly processes throughout the life cycle of the building. The market is driven by the increasing consumer awareness regarding energy efficiency and government supportive policies globally drives the market. Furthermore, the low maintenance cost, low operating cost and low water requirements the fueled the demand of the market. Health care industry by application contributes highest to the overall growth of the market. On the basis of region, North-America is the largest market both by value and volume. The Global Green Building Materials Market size was valued at around USD 158 Billion in 2015 and is expected to cross USD 245 Billion at CAGR of 17% by 2022.

Factors attributed to the growth of the market are increasing consumer awareness regarding energy efficiency and government supportive policies. There has been increased demand in the market due to low maintenance cost, low operating cost and low water requirements. The effective policies of the government for energy efficiency have fueled the growth of the market. Global green building materials market is expected to cross USD 245 billion at the end of the forecasted period and is expected to grow at CAGR of 17% from 2016 to 2022.

Prominent Players
Alumasc Group plc. (U.K.), Bauder Ltd. (U.K.), Wienerberger AG (Austria), Binderholz GmbH (Austria), Homasote Company (U.S.), CertainTeed Corporation (U.S.), LG Hausys Ltd. (South Korea), RedBuilt LLC (U.S.), PPG Industries, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Forbo International SA (Switzerland), Kingspan Limited (U.K.), Lafarge Company (France), BASF SE (Germany), and Owens Corning (U.S.) are some of the prominent players at the forefront of competition in the global green building material market and are profiled in MRFR Analysis.

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