November 10, 2022 03:41 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, Nov. 10, 2022 (GLOBE NEWSWIRE) -- According to a report by Fortune Business Insights™, the high demand for green building materials from end-users, as well as the increasing fluctuations in their prices may hamper growth, as mentioned in the exclusive report titled, “Global Green Building Materials Market Size, Share & Industry Analysis, and Regional Forecast, 2022-2029.”
Green building material is a material that improves a building structure's sustainability and efficiency in terms of design, construction, and renovation. These materials are highly energy efficient and made from renewable waste sources. The global green building materials market is expected to gain momentum from their increasing need to construct eco-friendly building structures.
Key Companies Focus on Launching Innovative Products to Expand Portfolios
The market for green building materials consists of numerous big, small, and medium-sized companies. They are mainly investing in extensive research and development activities to launch state-of-the-art materials. The report further mentions that green building materials include Ferrock, bales, bamboo, recycled plastic, wood, and straw hempcrete.
Get a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/green-building-materials-market-102932
A list of all the green building materials manufacturers operating in the market:
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/green-building-materials-market-102932
Rising Development of Energy-efficient Structures to Bolster Demand
Nowadays, green building materials are gaining more popularity as the development of energy-efficient structures is surging worldwide. This is further helping to maintain the ecological balance in nature. Numerous environmental challenges, such as depletion of natural resources, anomalous climate change, loss of biodiversity, contamination of freshwater resources, and atmospheric pollution can be prevented with the extensive usage of green building materials. Hence, they are considered to be the most suitable alternative to traditional construction materials.
Moreover, the rising preference for eco-friendly buildings owing to their ability to reduce emissions in the atmosphere is set to bolster the green building materials market growth. At the same time, these materials aid in lowering global warming.
Need to Reduce Operational & Maintenance Costs to Aid Growth in Europe
North America is anticipated to dominate in the coming years by procuring the highest green building materials market share. This growth is attributable to the presence of favorable policies regarding the usage of these materials in the construction industry.
Asia Pacific, on the other hand, is set to retain its second-largest position backed by the expansion of the residential construction sector in the region.
Middle East & Africa would showcase moderate growth owing to the increasing number of commercial and residential buildings in the region. Lastly, Europe is expected to show considerable growth on account of the high demand for green building materials from hospitality & leisure applications. Additionally, the surging emphasis on lowering maintenance and operational costs of structures is likely to propel the demand for green building materials in the region.
This Report Answers the Following Questions:
Below are two recent industry developments:
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/green-building-materials-market-102932
Ceramic Coatings Market Share and regional forecast 2019-2026
Bitumen Market Size, Share, and Growth Outlook 2021-2028
Refractories Market Size, Share, Growth Outlook 2022-2029
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.
Baner - Mahalunge Road, Baner,
Connect us via Social Media Channels: