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Green building materials market size
Sheridan, Wyoming, U.S., November 30, 2021 /EINPresswire.com/-The global green building materials market will reach US$299 billion in 2020. Looking ahead, the market is expected to grow at a compound annual growth rate of 9% in 2021-according to the latest report of IMARC Group, 2026.
Green building materials are either naturally available or composed of recyclable and renewable waste products. Some of the most commonly used green building materials are stone, wood, bamboo, hemp concrete, wood concrete, straw bales and recycled plastics. They reduce the environmental impact of the installation, transportation, manufacturing, disposal and recycling of building structures. Green building materials are durable, energy-saving and have extremely low operating and maintenance costs. Therefore, they are widely used as ideal building materials in residential and non-residential fields.
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Note: We will regularly track the direct impact of COVID-19 on the market and the indirect impact of related industries. These opinions will be included in the report.
Global green building materials market trends:
The global green building materials market is mainly driven by the increasing number of global construction activities. Green building materials provide higher efficiency and sustainability for building structures in terms of design, construction, maintenance and renovation. In addition, people's awareness of the adverse effects of conventionally used building materials continues to increase, leading to a shift to environmentally friendly alternatives. Therefore, governments of different countries are implementing various environmentally friendly and energy-saving building standards and codes. These codes and standards help improve the overall performance of buildings by setting minimum benchmarks for energy efficiency and other parameters, thereby increasing the demand for green building materials.
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According to the application, the market has been subdivided into insulation, roof, frame, interior decoration, exterior wall panel, etc. Among them, insulating materials dominate the market, occupying most of the market share.
In terms of geography, North America has shown a clear dominant position in the market. The other main regions are Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has been checked. Some of the main players are Alumasc Group plc, Bauder Limited, Binderholz GmbH, CertainTeed, RedBuilt LLC, PPG Industries, Inc., DuPont de Nemours, Inc., Forbo International SA, Interface Singapore Private Limited Companies Ltd, Kingspan Group, LafargeHolcim Ltd, BASF SE and Owens Corning.
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IMARC Group is a leading market research company that provides management strategy and market research on a global scale. We work with customers in all industries and regions to identify their most valuable opportunities, respond to their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasts and industry analysis of biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are the company's top expertise.
Elena Anderson IMARC Services Private Limited +1 631-791-1145 sales@imarcgroup.com
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