Global Green Building materials Market by Application, by Product, by Region and Segment, Forecasts 2020–2026

Global Green Building materials Market was valued at 195.5 Billion in 2016, and is expected to grow at CAGR of 11.04% over the forecast period 2020–2026. Key factors driving the market include growing demand for environmental-friendly and sustainable building materials, expanding construction activities and growing demand for low-emission buildings.

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Green Building Materials refer to materials which enhance the sustainability and efficiency of a building structure in terms of design, construction, maintenance and renovation. These materials are derived from renewable waste products and are highly energy efficient. Some of the popular materials used in the construction of green buildings are bamboo, hempcrete, straw bales, mycelium, wood, rammed earth, timbercrete, grasscrete, recycled plastic, etc. Over the past few years, Green Building Materials have been widely utilized in various construction activities as they reduce environmental impact associated with installation, transportation, fabrication, processing, disposal and recycling of building materials.

Market Trends, Drivers, Restraints and Opportunity:

Rising concerns for environment and initiatives undertaken for effective waste management is expected to contribute significantly. Moreover, government subsidies and taxes are playing an important role in the market development
Significant demand by the healthcare industry is evident owing to use of non-renewable resources that reduces environmental impact
Moreover, change in climate, depletion of natural resources and rising pollution are some of the major factors that drive the market demand in the forecast years
Production of eco-friendly construction materials, awareness for energy efficiency buildings is likely to create immense opportunities in the forecast span
However, low awareness and lack of political support in various countries is likely to create restrictions in the forthcoming period