Green Building Materials Market Report, Industry Overview, Growth Rate and Forecast 2024

NEW YORK - Oct. 14, 2019 - PRLog -- As per the latest report by IMARC Group, entitled "Green Building Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the global green building materials market size reached US$ 223.1 Billion in 2018. Green building materials serve as eco-friendly alternatives to conventionally used construction materials. Wood, straw bales, bamboo, hempcrete, recycled plastic, ferrock, stone, ashcrete, timbercrete and mycelium are some of the most commonly used green building materials. The aim of using these materials is to construct energy-efficient structures that aid in maintaining the ecological balance in nature.

Global Green Building Materials Market Trends:

A thriving construction industry across the globe, especially in emerging economies, is one of the major factors that is influencing the sales of these materials. Owing to the rising awareness about the deteriorating environmental conditions among the masses, there has been an increase in the construction of green buildings across both residential and commercial sectors as people are now more inclined toward a sustainable way of living. Additionally, the abundant and easy availability of essential green building materials such as thatch, mud and clay significantly reduces the overall operational and maintenance cost of these buildings. Moreover, since green buildings aid in addressing various environmental issues such as atmospheric pollution and changing climatic conditions, governments of several countries are introducing policies and undertaking initiatives to encourage their construction. For instance, the Government of the United Kingdom has adopted the Building Research Establishment Environmental Assessment Method (BREEAM) rating system for green buildings. Such rating and certification systems are expected to promote the benefits of green construction, thus creating a positive outlook for the market. On account of the aforementioned factors, the global green building materials market value is anticipated to reach US$ 432.5 Billion by 2024, expanding at a CAGR of 11.7% during 2019-2024.

Request for a free sample copy of this report: https://www.imarcgroup.com/green-building-materials-market/requestsample

Insights on Market Segmentation:

Market Breakup by Application:

1. Insulation

2. Roofing

3. Framing

4. Interior Finishing

5. Exterior Siding

6. Others

View Report TOC, Figures and Tables: https://www.imarcgroup.com/green-building-materials-market

Market Breakup by Region:

1. Europe

2. North America

3. Asia Pacific

4. Middle East and Africa

5. Latin America

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal