Green building materials market likely to account for US$ 523.7bn by 2027

According to a recent analysis by India-based Future Market Insights Inc, the green building materials market size is likely to reach US$ 523.7bn by 2027.

From design through demolition, green building materials are necessary for sustainability and efficiency. Low operational and maintenance costs and the pressure of environmental rules relating to emissions are the primary drivers of the global green building materials market.

Furthermore, governments in developed nations have implemented regulations and incentives to encourage green building, which has aided the market’s growth.

Due to Sustainable growth and a decrease in difficulties connected to environmental degradation and natural resource depletion, green construction materials are becoming increasingly popular, leading to the adoption of green building materials over others.

Insulation is expected to be the fastest-growing application of such materials due to their excellent energy efficiency, amidst a drive in many nations including the UK for interior insulation solutions.

The future of green building technology provides several options to repair the damage that has been done to the world and the environment. Building materials that retain air cleansing materials, micro-grids, net-zero structures, and smart glass are especially appealing for their eco-credentials.

North America owns a significant green building material market share. The rise of the green building material market in the area is being driven by strict rules on the use of environmentally friendly products in the construction sector.

Exposed to extreme climate conditions and government initiatives, the Asia Pacific and Latin America are also seeing increased demand for green building materials market and are likely to be very attractive markets for green building materials.