Green Building Materials: A Global Strategic Business Report
San Jose, California (PRWEB) September 19, 2014
Follow us on LinkedIn – Green building or sustainable building is a structure that is resource efficient and environmentally responsible throughout its entire lifecycle, from design and construction to operation and maintenance and further to demolition and renovation. Green building concept relies on the use of techniques and materials that are environment friendly such as insulation made from shredded denim/sheep wool, and recycled concrete and green roofing produced from eco-friendly raw materials, among others. Green building materials market is being driven by rising awareness about the benefits of green technologies, strict government regulations, increasing energy costs, declining costs of green building materials, higher resale value of green buildings, and increased adoption of voluntary certification programs for green buildings. Spiraling cost of resources such as water, energy and the ensuing need for conservation, and greater health and wellbeing of occupants in terms of reduced risk of allergic respiratory infections, also represent key factors fuelling growth in the market. Continuous improvements in material science, changing design and construction practices, and need for production efficiency in mature product segments are also driving the shift towards green building materials.
Defined as the future of the construction industry, green buildings are emerging from their niche market status into a mainstream force. Growing need to reduce energy consumption represents the single most important factor driving remodeling initiatives in residential, commercial and industrial construction sectors. Stringent government regulations calling for mandatory renovation or reconstruction of aging buildings is additionally fuelling the trend. Against this backdrop, demand for green building materials is witnessing steady growth. Development of innovative, natural, high performance biomaterials is poised to benefit demand. Biomaterials sourced from bamboo and agricultural derivatives, such as sugarcane bagasse, wheat straw, and fiber crops, are witnessing a strong spurt in popularity. Building insulation and roofing solutions are witnessing increased investments in research and production backed by venture capital funding. Efforts are underway to replace plastic foams with renewable solutions based on agricultural byproducts, and sheep's wool. Engineered wood, timber, and glass are also forecast to witness increased demand.
With green building practices gaining popularity, the ultimate objective is to design net zero energy buildings. Several countries have already set up long-term regulations and targets emphasizing on the construction of net zero-energy buildings. Though the current market for zero energy buildings is relatively small, the future looks extremely promising.
As stated by the new market research report on Green Building Materials, the United States represents the largest market worldwide supported by higher customer willingness to adopt green practices. Growing awareness and financial foresight over the long-term energy and cost savings of green buildings is driving voluntary renovation of existing buildings. Asia-Pacific is poised to emerge as the fastest growing market with a CAGR of 16.9% over the forecast period led by strong GDP growth, improving living standards, rising disposable income levels, and growing emphasis on energy conservation.
Key players covered in the report include Andersen Corporation, Armstrong World Industries Inc., Braas Monier Building Group Services GmbH, CEMEX S.A.B De C.V, Ceratech Inc., Clean Concrete Technologies, Compagnie De Saint-Gobain, Ecostar LLC, E. I. du Pont de Nemours and Company, Forbo International SA, GAF Materials Corp., Georgia-Pacific LLC, HeidelbergCement AG, Holcim Ltd., Homasote Company, Lafarge SA, Marvin Windows and Doors, Mannington Mills Inc., Mohawk Industries Inc., Masco Corp., Owens Corning, PPG Industries Inc., Roseburg Forest Products Company, and USG Corp., among others.
The research report titled “Green Building Materials: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America, and Rest of World. The global market is analyzed by application markets such as Insulation, Exterior Siding, Framing, Roofing, Interior Finishing, and Others. The US market for Green Building Materials is further analyzed by Product Types (Concrete, Doors, Flooring, Roofing, Windows, Others); End-Use Segments (Housing and Commercial); and Segments (Building Systems, Exterior, Interior, Structural, and Others).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Green_Building_Materials_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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