Green Building Materials Market Continues To Grow Owing To the Increased Demand for Eco-Friendly Alternatives in Construction Sectors and Policies Related To Environmental Preservation

 


Green building materials are energy-efficient products that are used in construction processes. In many green projects, the use of non-toxic materials is common and encouraged. A typical green building project may include the use of recycled or recyclable packaging supplies, and the reusing of non-food packaging materials. Green building materials are manufactured with minimal environmental impact, and they help to make buildings more energy-efficient. These materials reduce waste, takes less energy to produce, and require little or no maintenance after they have been installed.  For instance, bamboo has long been considered the "natural resource of choice" because of its ability to substitute other materials and is often used for buildings.

Market Dynamics

The factor driving growth of the market is the increased preference for green building materials instead of the traditional non-biodegradable construction materials. Government bodies all over the world are focusing on energy-efficient and green buildings, which is positively influencing the market. For instance, according to a report by the U.S. Green Building Council (USGBC), green buildings can effectively reduce carbon emission by 34% and consume 25% less energy than traditional buildings. This fueled the demand among individuals to opt for an eco-friendly construction structure. However, the high price of green materials and uneven enforcement of energy regulations are main factors hindering growth of the green building materials market.

This market is distributed in five regions that include North America, Europe, Asia Pacific, Middle East, and Africa, and Latin America. Among these, North America is estimated to hold a bigger share of the green building materials market, owing to favorable policies regarding the usage of green building materials in the construction sectors. For instance, Leadership in Energy and Environmental Design (LEED), is a green building certification program developed by USGBC and is used across the globe. This certification program includes a set of rating systems for the maintenance, operation, design, and construction of green buildings or neighborhoods. Asia Pacific is expected to witness significant growth in the green building materials market, owing to the governmental bodies signing environmental agreements and growth of the residential construction sector in the region. The market growth in Europe is associated with a growing demand for green building materials in leisure and hospitality applications. Moreover, the growing emphasis on the maintenance of constructed structures and reducing operational costs is fueling the rising demand for green building materials in this region.

Competitive Analysis

Major players operating in the green building materials market include AMVIC Building Systems, Alumasc Group Plc, Binderholz GmbH, BASF SE, Bauder Ltd, and Interface.

In April 2019, Chongqing University researchers in a report stated the benefits of bamboo materials in the construction sectors. Similarly, in May 2019, experts from State Key Laboratory of Green Building Materials of China Building Materials Academy citied the development of a modified cement motor by including a superabsorbent polymer (SAP) with two dosing variations, which are, swelled SAP and dry powdery SAP.


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