The global green building materials market size is expected to exceed USD 364 billion by 2022, according to a new report by Grand View Research, Inc. Rising consumer awareness regarding benefits of these products such as lower maintenance and operating costs is expected to propel demand for these components over the forecast period. Supportive regulatory policies favoring the use of green building materials in construction coupled with construction industry growth particularly in developing economies is expected to have a positive impact towards growth. In addition, these components contribute towards reducing the overall project cost due to low raw material cost. These attributes coupled with government initiatives such as ENERGY STAR in the U.S., aimed at providing incentives to consumers reducing their energy consumption is expected to promote growth.
http://www.grandviewresearch.com/industry-analysis/green-building-materials-market
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