by Brianna Crandall — January 21, 2015—Transparency Market Research has released a new report on the global green building materials market, which was found to be driven by factors such as the positive effect of green building on human health, government support, a shift towards green building, and rising demand from the construction industry. The market was valued at U.S. $106.32 billion in 2012 and is expected to reach $234.77 billion by 2019, at a compound annual growth rate (CAGR) of 12.5% during the 2013-2019 forecast period.
Segments
The green building materials market is segmented into framing, roofing, insulation, interior finishing, exterior siding and others. Insulation was estimated as the largest segment, with 21% of the total market share in 2012, and driving a rising demand for cellulose, cotton, fiberglass, and mineral wool. Rising demand for eco-friendly materials from manufacturers of green roofs is estimated to drive the growth for roofing in the future.
Increasing demand for volatile organic compound (VOC)-free paints and glues, and carpet tiles with recycled content, is expected to drive the market for interior finishing. Framing is estimated to grow during the forecast period due to rising demand for new non-conventional materials such as steel with recycled content, engineered lumber, autoclaved aerated concrete, and structural insulated panels.
End users
End users include public facilities, education, health care, commercial and industrial, research and development (R&D) centers, residential and other industries. As the regulations are in favor of utilization of green building materials in construction, public facilities are the largest segment of end users. An increase in urbanization activities in the regions of Asia Pacific and the Rest of the World (besides North America, Europe and Asia Pacific) have helped public facilities to grow and expand, so they are expected to hold the highest-volume market share by 2019.
The development of the industrial sector attached with commercial facilities in emerging markets displayed the highest demand in 2012 and held 22% of the total market share. Due to extensive industrial development, expansion projects, and growing population in regions such as Asia Pacific and the Rest of the World, R&D centers and residential are expected to be the fastest-growing end user segments in the near future.
Regions
Due to stringent regulations in regions such as North America and Europe, the construction market has triggered a shift to green building technology. North America is the foremost green building materials consumer, with 40% of the total market share globally. Europe has also shown a significant growth, with 32% of the total volume share in 2012, and is estimated to rise further in near future. Due to adverse climatic conditions and government initiatives, Asia Pacific and the Rest of the World have shown a significant demand for green building materials, and are expected to be the most attractive markets for green building materials in the next few years.
Key players
Some of the key players in the green building materials market are Alumasc Group Plc, Amvik Systems, Binderholz GmbH, Bauder Limited, E.I. du Pont de Nemours and Company, CertainTeed Corporation, Forbo International SA, BASF SE, Reward Wall Systems, Redbuilt, LLC, and Structurlam Products Ltd.
The full Green Building Materials Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 report is available for purchase from the TMR Web site.
