The world's market for green building materials is expected to reach $406 billion by 2015, according to a new report entitled "Green Building Materials: A Global Strategic Business Report."
In announcing the report's release, Global Industry Analysts Inc. (GIA) asserted that growth primarily will be driven by increased awareness of environmental concerns the world over, high energy costs, increasing awareness that green buildings enhance well-being and worker productivity, and decreasing costs of green building materials.
"Having originated with a few government constructions, the green building concept is set to become a global phenomenon, transforming from a niche arena to a mainstream concept," GIA stated. "Green buildings are transforming the construction industry landscape, including both residential and commercial sectors. Owing to increased awareness of environmental concerns the world over, government mandates and voluntary standards are driving the growth of green buildings, and in parallel the demand for green building materials."
GIA believes that Europe represents the largest market for green building materials. "The United States constitutes the second-largest market for green building materials. In comparison to developed markets, developing markets are poised to show faster growth. Asia-Pacific is forecasted to be the fastest growing market over the coming years. The growth in developing markets is attributed mainly to improving living standards. Costs, efficiency, and environmental safety would be the driving forces behind the surge in the use of such products."
Green floorings represent the largest and fastest growing green building materials in the U.S., followed by green concrete and green roofs, the report states. Green floor coverings are considered eco-friendly green building products that are made from materials such as cork, carpet, bamboo, linoleum, ceramic tile, and hardwood. "In addition, the practice of planted green roofs is gaining momentum in several cities in the U.S. In terms of end-use markets, the residential sector constitutes the largest market for green building materials while the non-residential sector represents the fastest-growing market."
Key players profiled in the report include American Standards Brands, Andersen Corp., Armstrong World Industries Inc., Bonded Logic Inc., Bridgestone Corp., Ecostar, Compagnie De Saint-Gobain, Georgia-Pacific Gypsum LLC, Johnson Controls Inc., Lafarge SA, Owens Corning, Paveloc Industries Inc., Siemens Building Technologies Ltd., Temple-Inland Inc., Universal Forest Products Inc., and USG Corp.
The report provides a strategic review of market trends, market drivers, an overview of different green building materials available, regional market overview, product launches, corporate initiatives, and profiles of major and niche players. The study analyzes market data and analytics in terms of value sales for various regions, including the U.S., Europe, Asia-Pacific, and the rest of the world. Analytics for the U.S. market are broken down by material type (green flooring, green concrete, green doors, green roofs, green windows, and others) and by end-use sectors (residential and non-residential).