Green buildings are built, by use of an environment-friendly resources with efficient progression for their designing, renovation, maintenance, construction, and operation throughout their lifecycle. These buildings are also known as green construction and sustainable buildings. The key objective associated with green buildings includes construction to reduce the impact that impacts the environment (water, air, and earth) as well as human health. The key sources forassociated with the building materials are renewable source materials (forests) & recycled materials (old plumbing, doors, recycled plastic, etc.). These materials prevent custom of toxic paints leading to improve the interior air quality. Additionally, green building products provide plentiful natural lighting reducing the energy usage that reduces the overall costs. These buildings also guarantee more and more environmentally-safe destruction procedures than the conventional processes.
According to study, “Global Green Building Materials Market Size Study, by Product Type (Exterior Products, Interior Products, Building Systems, Solar Products and Others), by Application (Residential Buildings and Non-residential Buildings), and Regional Forecasts, 2017-2025” some of the major companies that are currently working in the global green building materials market areBASF SE, Bauder Limited, CertainTeed Corporation (Saint-Gobain), Binderholz GmbH, PPG Industries, Owens Corning, RedBuilt, LLC,Novagard Solutions Inc., Alumasc Group Plc., Forbo International SA, Reward Wall Systems Inc. (Fox Blocks), Chengdu Onekin Green Building Materials Co. Ltd, Dow DuPont,Lafarge, Kingspan Group plc, National Fiber, Homasote Company, Interface Inc., Sika AG,Structurlam Products Ltd, Soben International Eco Ltd, Sunlight Electrical Pte. Ltd., ZinCo USA Inc, Techno Green PVC Pvt Ltd.
Based on type of product, global green building materials industry is segmented into interior products, exterior products, solar products, building systems and others. Interior products includes the flooring and insulation. The exterior products include siding, doors, roofing and windows. Based on materials, the market is segmented into straw bales, rammed earth, grasscrete, hempcrete, recycled plastic, bamboo, and wood, among others. In addition, mycelium, ashcrete, ferrock, and timbercrete are also used for the manufacturing of green buildings. Based on application, segmented into framing, exterior siding, interior siding, roofing and insulation. Based on mode of the end-user industry, market is segmented to residential and non-residential (industrial, commercial & office, hospitality & leisure, institutional).
The Building Research Establishment Environmental Assessment Method (BREEAM) in the United Kingdom, Leadership in Energy and Environmental Design (LEED) in the United States, and Green Building Evaluation Labeling (GBEL) in China, are some of the government bodies associated with the green building development. These policies have paved the way via incentives for greater recognition of materials among the consumers.
The global green building materials is driven by favorable government policies for green buildings, rising national commitments to preserve resources, increase in urbanization, reducing greenhouse gas emissions and growing demand for low-emission buildings. Some of the major constraints associated include lack of awareness among consumers, high capital investment compared to conventional buildings, lack of availability of these material and potential risk of indoor air pollution in green buildings. Moreover, some of the other key opportunities associated with the market include increase in awareness of the recycled construction and decline in the cost of green buildings over time.
North American region accounts for the major market, owing to the favorable policies and the building codes promoting the convention of the green building materials coupled with mounting renovation activities. In addition, infrastructure growth, particularly in United States& Canada, is expected to lead to optimistic impact towards the market development. Canada is one of the leading market towards the green building materials in the North American region over the forecast period.
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Ankur Gupta, Head Marketing & Communications