Green building materials refer to material which increases the sustainability & efficiency of a building construction in terms of design, construction, maintenance and renovation. The materials also known as green construction & sustainable buildings. They are derived from renewable waste products and are highly energy efficient. The materials are employed in construction industry to address several environment challenges such as anomalous climate change, contamination of fresh water resources, atmospheric pollution, natural resource depletion, and loss of biodiversity. The key features are low operating cost, included low maintenance cost, and low water requirements.
According to study, “Global Green Building Materials Market Information by Application (Residential, Commercial, Infrastructure, Industrial) by End-use (Exterior siding, Interior Finishing, Insulation, Framing, Roofing and others) and Region – Forecast to 2022” the key companies operating in the global green building materials market are Alumasc Group plc., Wienerberger AG, Bauder Ltd., Binderholz GmbH, CertainTeed Corporation, Homasote Company, LG Hausys Ltd., PPG Industries, Inc., RedBuilt LLC, E. I. du Pont de Nemours and Company, Kingspan Limited, Forbo International SA, Lafarge Company, Owens Corning, BASF SE, American Hydrotech, Inc., Rockwool International A/S, Amvic, Inc., Sika Sarnafil, Inc., Roseburg Forest Products Company, Inc., Sika AG, Saint-Gobain SA (France), BMI Group, The Garland Company, Inc., Standard Industries Inc., USG Corporation, GAF Materials Corp., Wienerberger AG, Andersen Corporation, DowDuPont Inc., Mohawk Industries, Inc., Ecostar LLC, Johns Manville Corporation, Norbord Inc., Nichiha Corporation, Firestone Building Products Company, LLC, Armstrong World Industries, Inc., Knauf Insulation Ltd., Marvin Windows and Doors, Inc., Fletcher Insulation Pty Limited.
Based on product type, green building materials market is segmented into interior products, exterior products, solar products, building systems and others. Interior products include flooring and insulation. Exterior products include siding, doors, roofing and windows. Based on sources type, market is segmented into recycles materials and renewable sources. Based on material type, market is segmented into bamboo, mycelium, hempcrete, and straw bales, wood, rammed earth, grasscrete, timbercrete, recycled plastic. Based on application, market is segmented into framing, exterior siding, interior siding, roofing and insulation. Insulation segment holds major share in market owing to its ability of energy conservation. Based on end-user industry, market is segmented into residential and non-residential (industrial, commercial & office, hospitality & leisure, institutional).
The green building materials industry is driven by rise in national commitments to preserve resources, followed by favorable government policies for green buildings, growth in demand for low-emission buildings, increase in urbanization and reduce greenhouse gas emissions. However, lack of awareness among consumers, high capital investment compared to conventional buildings, lack of availability of this material and potential risk of indoor air pollution in green buildings may impact the market. Moreover, rise in awareness of recycled construction and reduce in cost of green buildings over time are key opportunities for market.
Based on geography, the North-American region dominates the green building materials market owing to rise in need of energy saving construction buildings, growth in consumer awareness regarding environmental & economic benefits and government & non-government regulations for energy efficiency practices in the region. The Asian-Pacific region is anticipated to witness higher growth rate due to increase in availability of technical expertise, growth in residential construction sector and rise in renovation activities over the forecast period.
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Ankur Gupta, Head Marketing & Communications