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Green Building Materials Market Size Worth $364.6 Billion by 2022: Grand View Research, Inc.SAN FRANCISCO, March 19, 2018 /PRNewswire/ -- The global green building materials market size is expected to reach USD 364.6 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for environmental-friendly and sustainable building materials is expected to propel the growth of the market. (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO ) Green building materials prevents the usage of toxic paints containing lead, in turn improving indoor air quality. Furthermore, the products also offer plentiful natural lighting thereby reducing energy usage which thereby reduces the overall expenditure. Copious raw material availability coupled with a large number of manufacturers is expected to aid the growth of market. Technological innovations have facilitated a rise in demand in green building materials, as products are becoming increasing affordable and readily available. As a result, the demand has increased dramatically over the past few years majorly due to rebounding construction market. Increasing demand for green building materials coupled particularly in emerging economies is expected to have a positive impact towards market growth. In addition, presence of large number of manufacturers is expected to increase the ease in sourcing the products. Oversupply of green building materials is expected to lower product price which is expected drive the market growth over the forecast period. The market exhibits the presence of a large number of manufacturers engaged in the manufacturing of wide range of products including roofing, insulation, and frames. Easy accessibility to raw materials coupled with product demand is likely to increase industry rivalry which is expected to improve product quality. Browse full research report with TOC on "Green Building Materials Market Size, Share & Trend Analysis Report By Product, By Application (Framing, Insulation, Roofing, Exterior Siding, Interior Finishing), And Segment Forecasts, 2012 - 2022" at: https://www.grandviewresearch.com/industry-analysis/green-building-materials-market Further Key Findings From the Report Suggest:
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Grand View Research has segmented the green building materials market on the basis of product, application, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/advanced-materials About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: https://www.grandviewresearch.com |