Still in its developing stage is the green building material market. The market is driven by the need for environmental sustainability. As the awareness in construction businesses and other organizations alike rises, the green building market is being boosted.
According to Digital Journal, statistically speaking, this market is expected to expand at a notable CAGR of 12.7% during the forecast period from 2021 to 2031. In this context, the green building material market was valued at US$ 264 Bn in 2020 and is further expected to reach US$ 983 Bn by 2031.