Report ID: SQMIG25G2009
Report ID:
SQMIG25G2009 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|
Tables:
92 |
Figures:
72
Green Building Materials Market size was valued at USD 425.12 Billion in 2023 and is poised to grow from USD 476.13 Billion in 2024 to USD 1178.89 Billion by 2032, growing at a CAGR of 12% during the forecast period (2025-2032).
Green building materials are used to construct a structure that is friendly to the environment. Using these resources helps to reduce the number of non-renewable resources used worldwide through conservation efforts. As consumers choose more environmentally friendly building materials than traditional ones, the market will grow. The materials lessen carbon footprints, which helps to slow down global warming. These materials are low-cost, easy to maintain, and low-energy and environmental impact. These benefits put them above more traditional building materials, making them the ideal choice.
Furthermore, the increasing demand for these materials is becoming common in many construction projects because they reduce the environmental impact of building materials related to manufacturing, installation, processing, transportation, recycling, and disposal. The industry is expected to grow as consumers increasingly prefer such materials over traditional building materials. Demand for green building materials is expected to rise during the forecast period, as governments of various developed nations are framing policies and offering incentives to support green construction. "Green buildings" have the potential to not only save the world, but enhance people's general well-being, safety, and health.
US Green Building Materials Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG25G2009