Market Research Report
The US Green Building Material Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||423715|
|Published||Content info||140 Pages
Delivery time: Inquiry
|The US Green Building Material Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022|
|Published: January 20, 2017||Content info: 140 Pages||
The US green building material market is expected to increase with 12% CAGR during 2016-2022. Green building material market estimated to grow $73 billion by 2022. US is dominating market for green building material market. The key factors who drives the market are government support to build green buildings, positive effect on human body, reduce emission of harmful gases. US government encourages to build green buildings in US as well as in the world. US government work with USGBC to develop green buildings worldwide.
US green building material market can be segmented into products & applications. In the product segment some key products included such as interior products, exterior products, structural products, and other products. US government plays an important role in the green building material market. US government work with United States green building council to develop green building in the US since 1993. On the basis of applications market can be divided into roofing, insulating, exterior siding, farming, interior finishing and other applications. Roofing is the largest application in the green building material market. Roofing has some key factors to be in demand such as temperature controlling and long durability. Green building materials such as bamboo, wool, recyclable glass, clay bricks, clay, wood, rocks, and mud are the products who has the major use in this sector. Green building material helps to make environment healthy and save resources. Green buildings consumes 25% less energy than other traditional commercial and non- commercial buildings. It effectively helps to save resources as it saves 11% less water than other buildings. As per the health concern US government take initiative and starts certification programme LEED. LEED provides certificate to the buildings who fulfil the parameters of environment. 40% of US carbon dioxide realised by buildings. Green buildings reduce that carbon dioxide emission up to 34%. Carbon dioxide in environment causes greenhouse impact and increase temperature cause global warming. Reduction of gases by construction of green building is advanced growing factor of green building material market. As per USGBC, use of green building material in the construction reduce the maintenance cost of buildings. Green building material want 20% less maintenance cost from other conventional material. USGBC anticipated to save $715.2 million in maintenance by 2018. Moreover USGBC estimated the total savings from various sectors such as energy, waste, and water are $1403.7 million by 2018. These are the key factors who drives the US green material market. Challenges for the green building material market are: high investments at initial level restricts the new entities from entering the market. Other resources such as coal, oil, and natural gases are limited as they are collected from nature except the renewable resources such as solar energy. Challenging feature of green building material market is limited availability of green building material and lack of mutual design of green buildings. There are some emerging competitive market such as Germany, India, Brazil, Korea, China, Taiwan, Turkey and Sweden.
Some of the market players who are ruling the market are 3M commercials, Amtico internationals, Bamboo Hardwood, Dinoflex Manufacturing Ltd., Enviroglas, Bio Based Insulation, Firestone Building Products, And Bonded Logic Inc. All market players are focusing on its innovations, mergers, partnerships, joint venture and on its R&D.