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Green Building Materials Market Research Report by Application, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19

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Green Building Materials Market Research Report by Application, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19

August 25
17:57 2022
Green Building Materials Market Research Report by Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19
Green Building Materials Market Research Report by Application, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19
The global green building materials market size reached US$ 280.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 523.7 Billion by 2027, exhibiting at a CAGR of 11.06% during 2022-2027.

According to IMARC Group latest published report, titled “Green Building Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that the global green building materials market size reached US$ 280.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 523.7 Billion by 2027, exhibiting at a CAGR of 11.06% during 2022-2027.

Green building materials are made from organic and renewable waste products comprising stone, wood, bamboo, hempcrete, timbercrete, straw bales, and recycled plastics. They can enhance the sustainability and efficiency of a building structure in terms of design, construction, renovation, and maintenance. They are durable, energy-efficient, and incur minimal operational and maintenance costs as compared to conventionally used building materials. They also minimize the environmental impact of installation, transportation, fabrication, disposal, and recycling of the building structure.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download free sample brochure: https://www.imarcgroup.com/green-building-materials-market/requestsample

Green Building Materials Industry Trends:

The burgeoning construction sector, along with rapid urbanization, expanding global population, and rising investments in the development of smart green cities by governments of numerous countries, is increasing the usage of green building materials in industrial, commercial, and residential complexes. This represents one of the major factors strengthening the market growth around the world. The growing number of renovation and remodeling activities of homes, offices, hotels, shopping malls, airports, parks, railway stations, and roads is also bolstering the market growth. They are used for constructing dams, roads, bridges, and highways, which is also driving the demand for green building materials worldwide.

Moreover, due to increasing environmental concerns, several initiatives are being undertaken by governments of numerous countries to promote the adoption of green construction materials and minimize carbon emissions. Along with this, several governing agencies are also collaborating with different organizations and institutions to offer training and educational programs, and academic courses and encourage the adoption of green building materials, which is influencing the market positively. Furthermore, the commercialization of construction and the active collaboration of public and private sectors is favoring the market growth.

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/green-building-materials-market

In addition, the growing awareness among the masses about the benefits of using green building materials is contributing to the market growth. Apart from this, due to the increasing utilization of glasses, ceramics, and tiles for exterior and interior designing, leading players are introducing innovative designs, colors, shapes, and sizes for optimum utilization of space and enhancing the overall aesthetic appearance. Along with this, key players are also using recycled materials, locally available minerals, and domestic, agricultural, and industrial wastes for producing green building materials, which are creating a positive outlook for the market. Besides this, there is a rise in the use of structural insulated panels (SIPs) as green building materials for constructing walls and floors. Additionally, extensive investments in research and development (R&D) activities by key players are anticipated to provide a favorable market outlook in the coming years.

Browse more construction indsutry reports:

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Global Construction and Demolition Waste Management Market to reach US$ 287.4 Billion by 2027

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Global Refractories Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com

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