Global Green Building Materials Market is Expected to be Worth US$ 259.41 Million, Growing at a CAGR of 10.5% (2021-2028)

-
Green Building Materials
Green Building Materials

The Green Building Materials Market is being driven by the increasing use of green building materials in both residential and non-residential construction. Manufacturers with a profitable presence in the green building material market can be found all over the world. These companies are increasing their capital investments and focusing more on research and development as well as improved product quality to meet consumer demands. The rapid expansion of the global market for green building materials is aided by ongoing infrastructure development activities in developing countries.

Because they are made of recyclable materials, green building materials are an environmentally friendly option. Green building materials are excellent construction materials because they conserve non-renewable resources while also lowering environmental impact. Furthermore, green building materials are a long-lasting and energy-efficient option for constructing a variety of infrastructure.

Market Drivers

Green Building Materials Market Is Expected To Grow in popularity due to the growing trend toward green construction. The North American Commission, for example, is increasing its efforts to replace traditional building materials with green building technology, which is fueling the market growth. The United Kingdom, Singapore, and the United Arab Emirates accounted for over 50.0 percent of green building activities, according to the Coherent Market Insights analysis. In addition, the growing renovation and construction of new infrastructure in all of these regions is driving up demand for green building materials.

Increasing The federal government's support for high-performance and environmentally friendly construction is boosting Green Building Materials Market growth. Federal agencies, for example, signed a memorandum in January 2006 regarding their leadership in high-performance and sustainable building construction. According to the memorandum, the agencies will follow the guidelines established by EO (Executive Order) 13423 for green building concepts in new construction and major renovations. By the fiscal year 2015, the act aims to have the same guidelines implemented in at least 15.0 percent of existing constructions and leases.

Comments

Post a Comment

Popular posts from this blog

Security Robot Market to Reach US$ 11.8 Billion by 2022

-
Image
Security Robot Market The Global Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Security robots are rapidly gaining traction due to their ability to enhance security and surveillance in various industries. These robots offer advantages such as round-the-clock monitoring, real-time video monitoring, and quick response to potential threats. The increasing need for advanced security measures to prevent theft, vandalism, and unauthorized access is driving the demand for security robots. These robots are widely used in industries such as retail, healthcare, transportation, and manufacturing to ensure the safety of assets and individuals. The market is expected to witness significant growth due to the rising security concerns and advancements in robotic technologies. Market Key Trends: One ke
Read more

Intravenous Fluid Therapy is the Fastest Growing Segment Fueling the Growth of Intravenous Solutions Market

-
Image
Intravenous Solutions Market The global Intravenous Solutions Market is estimated to be valued at US$ 577,228 bn or Million in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Intravenous solutions are fluids administered through a vein via a needle or catheter. They are often used to provide essential nutrients, medications, or fluids to patients. Common uses include rehydration, correcting electrolyte imbalances, and ensuring nutrition is delivered for patients who cannot eat or absorb nutrients through the digestive system. Market key trends: One of the major trends in the intravenous solutions market is the increasing use of intravenous fluid therapy. Intravenous fluid therapy involves the administration of aqueous solutions containing electrolytes, sugars, and medications through an intravenous catheter. It is widely used for rehydration, maintenance of f
Read more

Smart Light or Lightning Control Market Estimated to Reach US$ 21.03 Billion by 2023

-
Image
Smart Light or Lighting Control Market Market Overview: The global Smart Light or Lighting Control Market is estimated to be valued at US$ 21.03 billion in 2023 and is expected to exhibit a CAGR of 22.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Smart light or lightning control systems enable users to control and monitor the lighting fixtures remotely to improve energy efficiency and convenience. These systems offer advantages such as reduced energy consumption, improved security, customizable lighting solutions, and enhanced ambiance. The growing need for energy-efficient lighting solutions, especially in commercial buildings, residential spaces, and industrial sectors, is driving the demand for smart light or lightning control systems. Market Key Trends: One key trend observed in the Smart Light or Lightning Control Market is the increasing integration of artificial intelligence (AI) and Internet of Things (IoT) te
Read more