green building materials market size 2020 Trends, Development History, Current Assessment, Business Strategy, Upcoming Trends Of Industry
Alumasc Group plc. (U.K.), Bauder Ltd. (U.K.), Wienerberger AG (Austria), Binderholz GmbH (Austria), Homasote Company (U.S.), CertainTeed Corporation (U.S.), LG Hausys Ltd. (South Korea), RedBuilt LLC (U.S.), PPG Industries, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Forbo International SA (Switzerland), Kingspan Limited (U.K.), Lafarge Company (France), BASF SE (Germany), and Owens Corning (U.S.) are some of the prominent players at the forefront of competition in the global green building material market and are profiled in MRFR Analysis.
Global Green Building
Material Market - Overview
The materials used
in green building majorly promotes conservation of non-renewable resources in
order to reduce environmental impact associated with fabrication, installation,
transportation, disposal, and recycling of building materials. Green
building materials market uses recyclable products, which enhance the
production environment and quality of life. There are various environmental
challenge the world is facing today, such as climate change, pollution, natural
resource depletion, and others. The green building materials addresses such
issues makes them ideal for use in residential and non-residential buildings.
The countries
around the globe are adopting the concept of green building in their building
guidelines and practices. The environment conservation and protection is given
high priority and it can be seen through the increasing use of green building
materials across all types of construction. The same is implemented through various
associations and government regulations which guide and govern the building and
construction practices. The governments globally are encouraging such
construction practices, which have led to the popularity of such materials
among the individuals as well, and not just on a macro level. With the
increasing private construction, such awareness and government encouragement
becomes very important to tap the segment.
In November, 2017, Green
Building Councils in Europe are urging to strengthen the EU policy on building
renovation and not to overlook elements in the European Parliament’s position
which Green Building Councils support. Similarly, Health Care without Harm
(HCWH) launched a pilot project to measure Green House Gas emission from
European Healthcare centres. The motive is to support six hospitals in Europe
to measure emissions and share data.
Global Green Building
Material Market - Competitive Analysis
The green building
market is partnering with manufacturers to develop products and materials that
reduce a building's overall embodied energy in order to create a more
sustainable construction industry.
The industry has
witnessed players entering the market to provide green building materials for
the construction purposes. The new and existing players are seen investing more
in the R&D to develop products and material that prove to be energy saving
for construction. The industry has also witnessed increased interest in the
concept of energy management systems to monitor the energy usage of buildings
to ensure optimal energy savings. Increasing partnerships between green
building component manufacturers and technology providers. The global
acceptance of solar energy has caused solar technology to get better and cheaper
and companies have started to develop products to cater to the requirement. For
instance, Tesla (U.S.) has announced the launch of its new solar shingles.
Knauf Insulation,
a member of World Green
Building Council’s Europe Regional Network, and a global insulation company
has achieved its 2020 sustainability targets in 2016, four years ahead of
schedule, by reducing its energy use by 20.9 per cent and cut CO2 emissions by
25.1 per cent.
On the other hand,
LIXIL Corporation (Japan) and TEPCO Energy Partner, Incorporated (Japan) announced
a joint venture company called LIXIL TEPCO Smart Partners, Inc. The association
between the two companies is expected to promote the building of eco-friendly
net zero energy houses (ZEH)1 in Japan. The operation started in October, 2017.
BASF was also seen supporting sustainable building and contribute to climate
protection. BASF showcased a range of these solutions in the World Green
Building Week in October 2017. These include insulation systems, solutions to
optimize the concrete mix, ways to reduce impact sound, and more.
Alumasc Group plc.
Introduced VAEPLAN single ply roofing membrane. This offers an effective,
long-lasting roofing solution. The company recently installed the product at
Oyster Wharf, Mumbles. Furthermore Bauder green roof bus shelter, was
recognized by The Norfolk Association of Architects.
Global Green Building
Material Market - Segments
Global Green Building
Material Market is segmented in to 3 Key dynamics for an
easy grasp and enhanced understanding.
Segmentation By Application : Comprises – Residential,
Commercial, Infrastructure, Industrial.
Segmentation By End-use : Comprises – Exterior
siding, Interior Finishing, Insulation, Framing, Roofing and others
Segmentation By Regions : Comprises Geographical regions - North
America, Europe, APAC and Rest of the World
Global Green Building
Material Market - Regional Analysis
The market across
all regions is exoected to show staggering growth due to its low operational
& maintenance costs and supportive environmental regulations pertaining
emissions. There are various rating systems for green buildings which define
the quality of the construction in developed regions. Such organizations are
Energy and Environmental Design (LEED), Building Research Establishment
Environmental Assessment Method (BREEAM), and Green Building Evaluation
Labeling (GBEL).
However major
growth and investment in green building market is seen in APAC countries. The
region is expected to witness staggering growth in the forecast period. The
governments are seen promoting the green building practice along with offering
flourishing markets to the international companies to push the market. The
companies are seen investing in the innovation of new advanced technologies in
APAC region, especially in China, Idnia, Indonesia, among others and this is
expected to boost the green building materials market demand. There are few
challenges that the industry faces. High costs hinder the market growth in the
long run.
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