Green Building Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 11/19/2014 -- The green building materials market is regarded as a voluntary pursuit of environmental activity which is concerned directly with environmental management, energy-efficiency, renewable energy, waste management, recycling, and water management. Demand for green building materials market is expected to reach US$234.77 billion by 2019 globally, climbing at a CAGR of 12.5% in the forecast period, 2013 to 2019.
Green Building Materials Market Summary :
While the growing demand and use of green materials will continue to support the gains in the green building materials market, the primary and most important driver for a global demand is expected to be the rebound in the construction market. Green concrete products are environmentally friendly to use because the implementation of recycled materials in construction mixes reduces the volume of waste and improves the overall structure performance.
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Besides the increasing demand for several green building products in the construction industry, the overall green building materials market is expected to witness growth due to factors such as the environmental concern, benefiting from greater availability, building code standards, and more stringent regulatory.
The green building materials market has gained tremendous impetus in the last several years and is thus, apparently considered to be the largest market currently. Growth in this overall market is expected to grow exponentially as more entrepreneurs and professionals are vying to enter into this market to make significant changes and also develop certified green products for green construction projects worldwide.
Recently, the market has observed some new inventions such as renewable solutions derived from agricultural bio-products as a part of the efforts to replace plastic insulation foams completely. Similarly, biomaterials manufactured from bamboo and various other agricultural derivatives such as wheat straw, sugarcane, and fiber crops or timber, glass, and engineered wood are expected to see increased demand from different end-user applications over the forecast period.
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Green Building Materials Market – by Application Segments :
The market study includes interior finishing, roofing, exterior siding, framing, insulation, and other applications within the key application segment of the green building materials market. Amongst all, the insulation applications sector was the largest market segment in 2012. It accounted for around 21% of the market share at a global level. As compared to all other segments, the insulation application segment is the most mature sector and nevertheless is expected to show healthy growth numbers in the next five years.
Moreover, materials such as cotton, cellulose, fiberglass and mineral wool are also gradually growing and capturing the global market for insulations due to their incredible properties.
The roofing application segment has witnessed high growth because in many regions various manufacturers have developed green roofs with eco-friendly materials. While, the framing applications segment are expected to replace conventional materials with autoclaved aerated concrete, wooden structures, steel with recycle content, structural insulated panels, and engineered lumber. Similarly, growth is expected to boost in the interior finishing materials segment due to availability of eco-friendly products such as VOC free glues & paints, recycled tiles, and carpets.
Both, interior finishing and framing application segments are expected to grow and expand with healthy growth numbers till 2019.
However, roofing will eventually witness a decline in the market share due to increasing growth in the insulation, framing, exterior siding, and interior finishing segments.
Regions Active in the Green Building Materials Market :
Geographically, North America was a dominant region in the global market for green building materials in 2012. It accounted for more than 35% global market share in terms of volume as compared to other regions in the world. Europe, on the other hand, is the next growing market that accounted for about 32% of the total volume share in 2012. Nevertheless, many regions in Asia-Pacific are expected to show significant growth signs between 2013 and 2019.
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