Green Materials Market Predicted To Soar

摘要

The global green building materials market size is expected to reach $364.6 billion by 2022, according to "Green Building Materials Market Size, Share & Trend Analysis," a report released last March by Grand View Research of San Francisco. The market was valued at $192.3 billion in 2016. Supply and demand underscore the potential for marketplace growth. Both the availability of raw materials and the increasing number of manufacturers are expected to impact growth as well. The Grand View report suggests that further industry development will be fueled by "expanding construction activities and increasing government initiatives for the implementation of environmentally friendly and energy-efficient building standards." The demand for green building materials has increased dramatically over the past few years due in part to the rebounding construction industry.