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Global green building material market: 18% CAGR growth forecast between 2012-16
Global Green Building Material Market 2012-2016 - a new market research report on 2014-03-26 09:41:01
The Global Green Building Material market is to grow at a CAGR of 17.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for enhanced cost reduction. The Global Green Building Material market has also been witnessing the increase in initiatives by government bodies. However, the lack of awareness of benefits of green building material could pose a challenge to the growth of this market.

In recent years, energy efficiency has become a major global concern, particularly as a result of global warming and the rapid depletion of non-renewable power resources. It is currently estimated, that buildings account for 40 percent of total global energy consumption. This high consumption has prompted several governments across the globe to form policies to improve energy efficiency in buildings. For instance, the US government offers a tax reduction of US$1.80 per square foot to building owners who use green materials and techniques such as building envelopes, interior lighting, and hot water systems that reduce the energy consumption of buildings up to 50 percent. Also, many states in the US offer incentives for the usage of recyclable items such as windows, doors, roofs, and insulation. These factors are expected to contribute to the growth of the Global Green Building Material market during the forecast period.

One of the major drivers in this market is the growing need for cost reduction. The increasing use of green building materials can reduce maintenance and replacement cost of buildings. Moreover, using green building materials can also reduce energy consumption, which is a huge benefit for residential and commercial building owners.

One of the major challenges is the lack of awareness about the benefits of green building materials. The lack of awareness in developing countries has had a negative impact on the growth of the Global Green Building Material market.

The key vendors dominating this market space are E.I. du Pont de Nemours and Co. (DuPont), Lafarge, Owens Corning, and Saint-Gobain S.A.

Other vendors are American Standards Brands, Andersen Corp., Armstrong World Industries Inc., Bonded Logic Inc., Bridgestone Corp., CEMEX S.A.B De C.V, Ceratech, Inc., Clean Concrete Technologies, Ecostar LLC, Forbo Holding, A.G, GAF Materials Corp., Georgia-Pacific Gypsum, LLC, Glen Eden Wool Carpet, Inc., Georgia-Pacific Gypsum LLC, HeidelbergCement AG, Holcim Group Support Ltd. , Homasote Co., Marvin Windows and Doors, Mannington Mills Inc, Masco Corp., Mohawk Industries, Inc., Monier Group GmbH, Nichiha Corp. , Norbord, Inc., Novacem Ltd., Paveloc Industries Inc., Pella Corp., PPG Industries, Inc., Rodda Paint Co., Roseburg Forest Products Co., Silver Line Building Products Corp., Serious Materials, Inc., Siemens Building Technologies Ltd., Temple-Inland Inc., Universal Forest Products Inc., and USG Corp.

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