Green Building Materials Market: Globally to register highest growth by 2020
Zion Market Research has published a new report titled “Green Building Materials Market for Framing, Insulation, Roofing, Exterior Siding, Interior Finishing and Other Applications for Public facilities, Education, Commercial and Industrial, Healthcare, R&D Centers, Residential and Other End-users – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global green building materials market was valued at around USD 127.5 billion in 2014 and is expected to reach USD 255 billion in 2020, growing at a CAGR of around 12% between 2015 and 2020. In terms of volume, the global green building materials market stood at 5,500.0 kilo tons in 2014.
Green building refers to a structure that is environmentally responsible and efficient with respect to resources throughout the lifecycle of a building. The material utilized for this type of construction is known as green building material. Green building materials are responsible for efficiency and sustainability of a building structure in terms of design, construction, maintenance, renovation and demolition. Leadership in Energy and Environmental Design (LEED), Green Building Evaluation Labeling (GBEL) and Building Research Establishment Environmental Assessment Method (BREEAM) are some of the leading rating systems for buildings and large scale developments in U.S., China and UK respectively.
The green building sector is one of the fastest growing industries worldwide. Green building systems like LEED, the ICC 700 National Green Building Standard, BREEAM, etc. will likely to drive demand for green building projects. In order to achieve green building certification, a green building project needs to fulfill a number of necessities, including energy and resource-efficiency and the use of sustainable building materials. Moreover, growing retrofitting and renovation activities in the construction industry is driving demand for green building materials.
Framing, insulation, roofing, exterior, siding, interior finishing and others are key application segment of green building materials market. Insulation segment accounted for over 23% share of the total green building materials volume consumed in the year 2014. This trend is expected to continue for the duration of the forecast period. Interior finishing is expected to be the fastest growing segment as a large amount of green building materials such as wood, recycled carpet tiles and volatile compound-free paints are replacing conventional materials used in interior finishing operations. However, interior finishing application segment is expected to exhibit fastest growth rate during the years to come. Increasing demand for VOC free glue and paints and solar tiles manufactured from recycled material is expected to drive interior finishing application segment of the green building materials market.
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Key end-user segments of green building materials market include public facilities, education, commercial and industrial, healthcare, R & D centers, residential, and other end users. The global green building materials market is dominated by public facilities, education, commercial and industrial segments. Public facilities accounted for over 20% share of the total green building materials market in 2014.
North America and Europe are witnessing robust growth of green buildings market owing to stringent environmental concern, growing awareness about environmental sustainability and national, state & municipal mandates and policies has been in the region. This in turn resulted into huge demand for green building materials in these regions. North America was the largest regional market for green building materials market in 2014. North America accounted for over 40% share in total green building materials volume consumed in 2014.
Alumasc Group Plc, Amvik Systems, BASF SE, Bauder Limited, Binderholz GmbH, CertainTeed Corporation, E. I. du Pont de Nemours and Company, Forbo International SA, Interface Inc., Kingspan Group plc, Lafarge, Lhoist UK Ltd/Tradical, National Fiber, Owens Corning, PPG Industries, RedBuilt, LLC, Reward Wall Systems, Structurlam Products Ltd are some of the key participants in the green building materials market.
This report segments the global green building materials market as follows:
Global Green Building Materials Market: Application Segment Analysis
- Exterior siding
- Interior finishing
Global Green Building Materials Market: End-user Segment Analysis
- Public facilities
- Commercial and industrial
- R & D centers
Global Green Building Materials Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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