Global Green Building Materials Market 2015-2019 - Industry Analysis
About green building materials
Green building materials are manufactured using recycled waste materials from construction sites. Many construction companies have started implementing the use of green building materials in their constructions.
The global green building market witnessed a healthy growth of 12.81% in 2014. Rise in green building construction and government initiatives promoting sustainable environment is propelling the growth of the market. Increased demand for green building materials has been witnessed in the commercial and office buildings and residential buildings segments. The major factor contributing to this demand is rising awareness about the benefits of green buildings, which in turn is driving investment in green commercial building construction.
Europe is the leading region in this market, followed by North America and APAC. Although the concept of green building materials is still in its nascent stage in APAC as compared to Europe and North America, with governments initiating measures toward attracting investment in construction of energy-efficient buildings, the market is expected to grow at a rapid pace over the next five years.
The tax benefits offered by the governments of various countries to encourage construction of green buildings will foster demand for green building materials during the forecast period.
TechNavio's analysts forecast the global green building materials market to grow at a CAGR of 13.21% over the period 2014-2019.
Covered in this report
This report covers the present scenario and growth prospects of the global green building materials market for the period 2015-2019. The market size has been calculated based on the total revenue generated from consumption of green building materials. The forecast is based on government initiatives across different countries toward green building construction and rising demand from end-users.
The report also presents a detailed analysis of the geographical segmentation based on consumption of green building materials. In addition, the report also presents a detailed analysis of the key vendors in the market. The report also discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio Announces the Publication of its Research Report – Global Green Building Materials Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Green Building Materials Market: Du Pont, Homasote, LG Hausys, Pittsburgh Corning, and Wienerberger.
Other Prominent Vendors in the market are: Alumasc group, Bauder limited, Johnson Controls, and Saint-Gobain.
Commenting on the report, an analyst from Technavio’s team said: “The market is witnessing an increase in the adoption of green buildings in the healthcare segment, and although it is still in the nascent stage in the APAC region, Europe and the Americas emerged as the early adopters of green building materials.”
According to the report, many countries, notably the US, Singapore, India, Australia, France, and Malaysia, have framed policies to support green building construction.
Further, the report states that green building materials are usually materials that are recycled from industrial or construction waste, therefore its scarce availability poses a threat to the growth of this market.
Du Pont, Homasote, LG Hausys, Pittsburgh Corning, Wienerberger, Alumasc group, Bauder limited, Johnson Controls, Saint-Gobain.