Green Building Materials Market Share | Size And Forecasts To 2022

The green buildings material market is projected to achieve market value of USD 364 billion by 2022. Lower operating costs and maintenance required for these materials is expected to spur market demand over the forecast period (2015 - 2022). Additionally, energy consciousness and awareness of these materials by consumers will prove beneficial to the market.

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Regulations aimed at favouring green building materials in construction as well as the rising growth of the construction industry will positively impact the market. Raw materials needed to manufacture are available at a low cost, lowering the operation cost in the process. Government initiatives like ENERGY STAR in the US provide incentives to consumers who employ green materials. This trend to reduce energy consumption is expected to promote market growth.

Exterior materials were worth over USD 19 billion in 2014. This can be attributed to aesthetics and superior durability associated with exterior materials. Wood, clay brick, bamboo, fiber cement, aerated concrete, and other reinforced materials encompass exterior materials.

North America green building materials market revenue by application, 2012-2022, (USD Billion)

Insulation was the leading application estimated to be worth USD 35 billion in 2014. Spray polyurethane foam is the most widely used insulator. Framing is the second strongest application growing at an 11.5% CAGR over the next 7 years. Certified wood, autoclaved aerated cement recycled steel studs, certified wood, and other insulated panels are used after undergoing technological advances. They provide structural stability and reduce emission at the same time.

Europe had a demand for green building materials worth USD 46 billion in 2014. It will experience a high growth rate on account of the European Union attempting to reduce its global carbon footprint. New construction projects in this region will contribute to the revenue pool of the market. Existing concrete buildings have been converted to green buildings. The construction industry in Europe as well as demand for these materials will ensure the market growth. Asia Pacific will display growth rate of 12% during the forecast period.

Notable players of the green building materials market are Binderholz GmbH, PPG Industries, Forbo International SA, Bauder Limited, and Lafarge. 

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Green Building Materials Market Trends, Growth, Size And Forecasts To 2022

The global green building materials market size is expected to exceed USD 364 billion by 2022, according to a new report by Grand View Research, Inc. Rising consumer awareness regarding benefits of these products such as lower maintenance and operating costs is expected to propel demand for these components over the forecast period.

View summary of this report, click the link below: 

http://www.grandviewresearch.com/industry-analysis/green-building-materials-market

Supportive regulatory policies favoring the use of green building materials in construction coupled with construction industry growth particularly in developing economies is expected to have a positive impact towards growth. In addition, these components contribute towards reducing the overall project cost due to low raw material cost. These attributes coupled with government initiatives such as ENERGY STAR in the U.S., aimed at providing incentives to consumers reducing their energy consumption is expected to promote growth.

Further key findings from the report suggest:

• Exterior materials were valued at over USD 19.50 billion in 2014. Growing demand for exterior materials such as fiber cement, aerated concrete, wood, bamboo, clay brick and other reinforced materials in the construction of green buildings owing to superior durability and aesthetics is likely to propel demand for the product over the forecast period.
• Framing applications is expected to witness second fastest growth after insulation, growing at a CAGR of 11.5% from 2015 to 2022. Technological advancements coupled with R&D have led to the use of improved framing materials such as autoclaved aerated concrete, certified wood, engineered lumber, recycled steel studs and other insulated panels. These materials provide reduced carbon emission as well as provide the structural stability.
• Europe demand for green building materials was valued at USD 46.70 billion in 2014. The region is expected to witness significant growth on account of the growing efforts by European Union towards reducing global carbon footprint. New construction accounted for the majority share for these products. However, technological advancements have enabled existing concrete buildings to be converted into green buildings. Steady recovery of the construction sector in Europe coupled with growing popularity of these products is expected to promote growth over the forecast period.
• Key players in the market include PPG Industries, Kingspan Group plc, E. I. du Pont de Nemours and Company, RedBuilt, LLC, Forbo International SA, Interface Inc., Owens Corning, Lafarge, Bauder Limited, BASF SE, Binderholz GmbH, National Fiber, Alumasc Group and CertainTeed Corporation. 

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Grand View Research has segmented the global green building materials market on the basis of product, application and region:

Green Building Materials Product Outlook (Revenue, USD Billion, 2012 - 2022)

Structural

Exterior

Interior

Others

Green Building Materials Application Outlook (Revenue, USD Billion, 2012 - 2022)

Framing

Insulation

Roofing

Exterior siding

Interior finishing

Others

Green Building Materials Regional Outlook (Revenue, USD Billion, 2012 - 2022)

North America

Europe

Asia Pacific

Latin America

MEA