The green building materials market is projected to showcase considerable growth during the forecast period. The green building concept is used for accelerating the positive effects while mitigating the negative effects of the environment throughout the entire life cycle of a building. The concept of green building has reached global success and is rapidly becoming a trend in the building industry. The US Green Building Council (USGBC) had certified the US, India, Canada, China, South Korea, and Brazil for adopting green building codes in their region. The high adoption of the green building codes by the US and other certified countries is expected to positively influence other countries for the adoption of the same to reduce carbon emissions.
The growing demand for low-emission buildings, increasing demand for insulation, and favorable government policies for green buildings is a major factor to drive the growth of the green buildings, thereby creating the demand for green building materials market during the forecast period. The rising number of building regulations and government policies that mandate the use of energy-efficient structures is increasing the demand for green building materials. Therefore, the demand for environment-friendly and energy conserving materials used in residential construction is expected to drive the growth of green buildings materials market across the globe.
Browse the full report description of "Green Building Materials Market, by Product (Interior Finishing, Exterior Building, Framing, and Others), by Application (Residential and Non-Residential Buildings) - Global Industry Share, Share, Growth, Competitive Analysis and Forecast, 2019-2025" at https://www.omrglobal.com/industry-reports/green-building-materials-market
Rising income levels along with growing public awareness are promoting the use of green building materials. In addition, the growing trend of energy-efficient structures in high-rise residential buildings and townships are likely to further fuel the demand for green building materials during the forecast period. Emerging countries of the Asia-Pacific region including India and China that are facing environment pollution-related problems are also making efforts to adopt these buildings owing to its low-emission levels. In addition, problems of power shortage in developing economies including China, India, Shri Lanka, and South Korea among others are using this concept of green building construction for promotion of daylight harvesting.
The growing demand for environment-friendly green building materials is influencing the major market players of the green building materials market to launch new products in the market to make a significant contribution to the growth of the green building materials market. For instance, in April 2019, the US Green Building Council (USGBC) announced that the new version of the LEED green building program. LEED v4.1 has been certified for application in homes for performance monitoring and human health factors.
Current Market Trends Covered in the Market Report
Green Building Materials Market Segmentation
By Product
By Application
Green Building Materials Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World