The Business Research Company’s Green Building Materials Global Market Report 2021: COVID-19 Growth And Change
LONDON, GREATER LONDON, UK, July 28, 2021 /EINPresswire.com/ — The global green building materials market size is expected to grow from $216.99 billion in 2020 to $238.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth in the green building materials market is mainly due to the growing awareness about environmental sustainability which is driving the demand for green building materials. The market is expected to reach $383.85 billion in 2025 at a CAGR of 12.6%.
The increasing demand for green buildings is expected to drive this growth of the green building materials market in the coming years. Green building is the discipline of designing structures and employing procedures from site selection to design, construction, operation, service, remodeling, and deconstruction that are ecologically responsible and resource efficient. As green building materials are utilized to produce green buildings, the demand for green building materials is also expanding. For instance, according to a 2019 global survey conducted by World Green Building Trends Smart Market Study, nearly half of all respondents intend to construct more than 60% of their buildings as green buildings by 2021. According to the same survey, green building is also gaining popularity among building owners, with 57% expecting to make the bulk of their constructions green by 2021.
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The global green building materials market is segmented by type into structural, exterior, interior, others, by application into framing, insulation, roofing, exterior siding, interior finishing, others, and by end use into residential buildings, non-residential buildings.
North America was the largest region in the green building materials market in 2020. Asia Pacific was expected to be the fastest growing region in the forecast period. The regions covered in the green building materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the construction sustainable materials market are CertainTeed Corporation, Amvic Building Systems, Forbo International SA, Homasote Company, Interface Inc., Bauder Ltd., Binderholz GmbH, Kingspan Group plc, LG Hausys Ltd., Owens Corning, RedBuilt LLC, Andersen Corporation, Armstrong World Industries Inc., Cemex, Chengdu Onekin Green building materials Co. Ltd., Ecostar LLC, Firestone Building Products Company LLC, Fletcher Insulation Pty Limited, Johns Manville Corporation, Knauf Insulation Ltd., LIXIL Group Corporation, and Marvin Windows and Doors Inc.
Green Building Materials Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides green building materials global market overview, forecast green building materials global market size and growth for the whole market, green building materials global market segments, and geographies, green building materials global market trends, green building materials global market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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Source: EIN Presswire