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(Construction.IndustryNews247.Com, October 11, 2018 ) Industry Outlook & Trend Analysis.
The Green Building Materials market was worth USD 156.17 billion in 2014 and is expected to reach approximately USD 426.35 billion by 2023 at a CAGR of 11.81%. In comparison with the conventional building materials, green building materials are more cost-effective, safe and eco-friendly. The materials used in green buildings are recyclable and have a positive effect on environment. The Green Building Materialís market is driven by increasing awareness about rising environmental pollution and calamities, low operational and maintenance cost and regulations regarding emissions. Conventional buildings use large amount of energy, water and raw materials for construction and operation. They emits high amounts of Greenhouse gases and also produce large amount of construction and demolition waste contradictory to green buildings using less and safe raw materials, environmental friendly and having low carbon footprint.
The leading players in market are Wienerberger, Du Pont, LG Hausys, Pittsburgh Corning, Saint-Gobain, Alumasc group, Bauder limited, Homasote and Johnson Controls. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Type Outlook & Trend Analysis
Based on type, the market is segmented into building systems, solar products, exterior products, interior products, and others. Solar products holds a majority share in the market currently followed by building systems which consists of heating or cooling systems, etc. The interior materialís market constitutes mainly of insulating materials and flooring while the exterior material market consists of sidings, doors, windows etc. The otherís sections consists of permeable pavement and structural products.
Application Outlook & Trend Analysis
The application based segmentation of green building materials is divided into Residential Buildings and Non-residential Buildings. Currently non-residential buildings is fastest growing and largest market due to increasing awareness about impact of conventional building materials on environment and need for sustainable development. As the demand for safe, eco-friendly and efficient use of energy and other resources is increasing, a growth in residential application of Green building materials leading to growth of residential market of green building materials is foreseen in forecast period.
Regional Outlook & Trend Analysis
Owing to increasing renovation activities, rising awareness about use of environmentally pristine materials and certain building rules & regulations, North America dominates the market for green building materials. The Asia-Pacific region is predicted to experience a lucrative growth in the forecast period due to increasing infrastructure activities in this region. The Paris climate accord signed by India and China would further propel the market growth in Asia-Pacific region. Europe has imposed strict regulations and started practicing use of green building materials.
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The Green Building Material Market is segmented as follows-
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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