Green Building Materials and Sustainable Construction

The private sector arm of the World Bank Group, IFC, aims to boost finance for greener construction in emerging markets through a guarantee facility for private investors. The global market for green building materials is projected to reach $347.7 billion by 2028, driven by the residential and commercial sectors. The market is expected to grow at a CAGR of 12.4% and reach USD 858.63 million by 2030. Sustainable materials in the construction industry are gaining prominence, driven by environmental concerns and the demand for energy-efficient buildings.