Green Building Materials Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

Growing consumer awareness towards renewable material resources along with increasing environmental concern is a major factor in driving the growth of green building material market. Green building refers to structure along with using processes that are environment friendly and energy efficient. Stringent environment regulations and rating systems by LEED, BREEAM, CASBEE, DGNB, GHG Indicator, UNEP and FIDIC has also fuelled the growth of green building material global market. The green building material concept includes benefits such as improved occupant health and productivity, greater design flexibility, reduced maintenance/replacement costs and energy conservation. This is further expected to drive the global market over the forecast period.

The Green building material market may be segmented into framing, roofing, insulation, interior finishing and exterior siding. The increasing demand for green materials such as cellulose, cotton, fiberglass and mineral wool for insulation is projected to show a sharp growth in green material market share in the forecasted period. The interior finishing segment is also estimated to grow stridently due to rising demand for volatile organic compounds free paints, glues and carpet tiles. Other segments in green building material on the basis of efficiency include water efficiency, energy efficiency, materials efficiency and structure efficiency. The indoor environment quality enhancement includes thermal and lighting efficiency which further add to the increasing market share of these materials. Insulation accounts for the largest segment in green building materials market.

Emerging technologies in green building materials include electro- chromic windows, natural lighting, sensor-based power lighting systems, void-forming lightweight concrete and long-glass fiber reinforced thermoplastic concrete forms. High-performance green building roofing systems are also an emerging segment in the green building materials market. The roofing components create a seamless, monolithic blanket of waterproof insulation that acts as a barrier and removes thermal bridging. The fiber-reinforced plastic rebar is also an emerging technology in this field; composite rebar does not rust or corrode and is ideally suited for use in swimming pools, pipes, canals and aquariums. It is also immune to road salt and other chemicals enabling use in aircraft runways, bridges and roadways.

North America is the largest consumer of green building materials followed by Europe and Asia Pacific regions. The unfavorable climatic conditions in Asia pacific region is expected to drive the growth for green building materials market in the forecasted period.

Strategic mergers and emerging technologies are expected to provide opportunities to key market players. The major companies operating in the global green building material markets are Alumasc Group Plc, Binderholz GmbH, Bauder Limited, CertainTeed Corporation, Amvik Systems Forbo International SA , BASF SE, Interface Inc, E. I. du Pont de Nemours and Company, Kingspan Group plc and Owens Corning.

Source: Grand View Research

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Green Building Materials

Summary: Green building has become a global phenomenon, driving innovation in the products that are used and the buildings in which...

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