Green building refers to creation and use of improved and more resource-efficient models of construction, renovation, operation, maintenance, 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. Key objectives of green buildings to reduce the overall impact of the built environment on human health and the natural environment through efficient use of energy, water, and other resources, protecting inhabitants health and increasing employee efficiency and to reduce waste, pollution, and environmental degradation. The materials used in the construction a green building are called as green building materials.
According to the report, the 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 kilotons in 2014. 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”.
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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. National, state and municipal mandates and policies are expected to trigger the growth of green buildings market across the globe. Additionally, inhabitant’s health gains and environmental sustainability are important factors driving the growth of this industry. This, in turn, is expected to drive demand for materials used in the construction of green buildings.
Green building materials market can be segmented on the basis of applications such as framing, insulation, roofing, exterior, siding, interior finishing, and others. Insulation is dominating the green building material applications market. Insulation is followed by roofing and exterior siding and interior finishing applications. Insulation accounted for over 23% share of the total green building materials consumed in the year 2014. 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. The green building materials used in roofing application are obtained from eco-friendly materials such as membranes, soil, and others. Non-conventional materials such as steel with recycled content, autoclaved aerated concrete, engineered lumber and structural insulated panels are expected to trigger the growth of framing application segment of green building materials.
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On the basis of the end-user segment green building materials market can be classified into 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.
The stringent environmental concern, growing awareness about environmental sustainability and national, state & municipal mandates and policies has resulted in the strong growth of green buildings market in Europe and North America. This, in turn, resulted in 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.
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Global green building materials market is highly competitive, with the presence of well-established global market participants. 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.