Green Building Materials Market is Forecasted to Reach US$ 480.84 Billion in 2028, Says Stratview Research

The global green building materials market is projected to witness a growth rate of 9.85% annually from 2023 to 2028, with an anticipated size of US$ 480.84 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global green building materials market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1160/green-building-materials-market.html#form

Report Highlights:
Market Size in 2028: US$ 480.84 billion
Growth (CAGR): 9.85% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Green Building Materials Market:

The global green building materials market is segmented based on material type, application type, end-user industry type, and region.

Based on end-user industry type - The market is segmented as residential, commercial, institutional, and others. The residential segment is expected to remain dominant as well as the fastest-growing segment of the market during the forecast period owing to the increasing per capita income of developing countries and the shift from conventional buildings to energy-efficient buildings. Additionally, increasing awareness among the public regarding the usage of environmentally friendly material for building homes has boosted the demand for green building materials in the segment.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1160/green-building-materials-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is estimated to be the largest green building materials market during the next five years. This growth outlook is majorly attributed to the following-

• The USA, Canada, and Mexico being the major countries offering promising.
• The growth of the market is owing the per-capita income of countries, extensive growth of construction in the region, and the presence of a large number of green building materials manufacturers in the region.
• The green building materials market is mainly driven by the increase in population and a rise in the construction of residential and non-residential buildings.

Green Building Materials Market Drivers:

Some of the key drivers listed in the report are given below.

• Growing awareness towards environment: The growth is driven by the rising awareness towards the environment. The World Green Building Council states that construction accounts for 36% of the world's energy consumption and 39% of global CO2 emissions. Green buildings can cut down consumption of energy by 20-30% and water usage by 30-50%. Green buildings have a lower CO2 emissions compared with traditional structures.
• Incentives by government: Many governments also provide incentives for green building materials to promote them. Countries like US, Germany, Australia, India etc. provide incentives for green buildings.
• Growing awareness about health: Increasing awareness about health and well-being of sustainable building practices combined with ongoing technological growth in intelligent building technologies are expected to lead towards growth of this market. According to a research by US green building council, people spend about 90% of our time indoors and green buildings promotes good indoor air quality.

Top Companies in the Green Building Materials Market:

Stratview Research has identified the following companies as the top market players.
• BASF SE
• Binderholz GmbH
• Black Mountain Insulation Limited
• CERTAINTEED
• Chengdu Onekin Green Building Materials Co. Ltd
• DuPont
• ElementalGreen
• Interface Inc
• IsoHemp
• Kingspan Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Green Building Materials Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Green Cement Market: https://www.stratviewresearch.com/1370/green-cement-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.