Green Building Materials Market set to reach $377m by 2022
According to a new report released by Allied Market Research, titled, "Green Building Materials Market by Product Type and by Application - Global Opportunity Analysis and Industry Forecast, 2014-2022" the global green building materials market has predicted the sector to reach $377,029 million by 2022.
The high asset value of green buildings, growth in public awareness regarding green materials, and a substantial increase in client and market demand are the major factors that drive the green building materials market across the globe.
Further reductions in operating costs and enhanced worker productivity due to healthier indoor environment supplements have also contributed to market growth. A wide variety of green building materials is available in the market including linoleum, galvalume panels, and fiber-cement composites.
Asia-Pacific is expected to continue to lead the market during the forecast period followed by closely Europe. In addition to this, solar products market revenue is projected to grow at a high CAGR of 13.5% during the forecast period.
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