Market Value & Growth Projections
Market Value & Growth
Projections:
• Market Value in 2024 : USD 1,936 million
• Projected Value by 2031: USD 2,575 million • CAGR 3.7% (2024–2031)
Regional Market Analysis
North America:
The U.S. shows strong adoption due to stringent building codes, increasing green building certifications, and rising renovation activities.Canada is also witnessing growth, driven by energy efficiency mandates and incentives for sustainable construction. The region benefits from technological advancements and a wellestablished construction sector that supports early adoption of innovative materials.
Europ:
A mature market with strong environmental regulations; demand here is driven by advanced construction techniques and retrofitting of old infrastructure. Additionally, government incentives for sustainable materials and energy-efficient buildings are boosting product adoption.Countries like Germany, France, and the Nordics lead the region with high investment in green infrastructure and smart city projects.
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