Green Building Materials Market
Global Green Building Materials Market
Finished Date: TBD Report ID: 5001 Category: Industry Research Report
Composed of renewable, rather than nonrenewable resources, green building materials are environmentally responsible because impacts are considered over the life of the product. By application, green building materials are used in various aspects of construction such as framing, insulation, roofing, exterior siding, interior finishing, and others.
The global green building market has seen a strong two-digit growth in recent years up to 2015, driven by rising consumer awareness regarding benefits of these products such as lower raw material cost and maintenance costs, and government initiatives and supportive regulatory policies promoting sustainable environment. Hence, increase of green building construction and rising demand for green building materials have been observed in both residential buildings and commercial offices.
In 2015, exterior green building materials accounted for 15% of the total market value, owing to growing demand for aerated concrete, fiber cement, clay brick, bamboo, and other reinforced materials in the construction of green buildings. The fastest growth segment has been green insulation materials followed by framing applications. These two types of green building materials are expected to show strongest growth over the 2015-2020 years. Overall, the global green building materials market is predicted to grow at ~13% annually over the next years up to 2020.
Geographically, North America is the leading region and grabs the most share in this market, followed by Europe and APAC. The U.S. government has issued initiatives such as ENERGY STAR aiming to provide incentives to consumers reducing their energy consumption. US green building materials demand accounted for ~45% of the world total in 2015 and is expected to grow 10-12 percent annually over the coming years. Among all the green building materials in US market, insulation products especially roofing insulation and energy-efficient windows are the largest segments. Fastest growth will be seen in permeable pavement and structural products such as recycled concrete and FSC-certified lumber. In 2015, Europe demand for green building materials was valued at USD 49.5 billion, a share of 33% in the world total. With technological advancements and the recovery of construction in European Union, the European green constructions will gain popularity which is expected to propel the continuous growth of green building materials in Europe. Despite of the new concept of green building materials in APAC region, this area will enjoy a strong growth fueled by the increasing government promotions, more private investment and rising environmental concerns.
Key players in the market include Homasote, PPG Industries, LG Hausys, Kingspan Group plc, E. I. du Pont de Nemours and Company, RedBuilt LLC, Pittsburgh Corning, Forbo International SA, Wienerberger, Interface Inc., Owens Corning, Johnson Controls, Lafarge, Bauder Limited, BASF SE, Binderholz GmbH, National Fiber, Alumasc Group, CertainTeed Corporation and Saint-Gobain.
copyright © www.gracemarketdata.com