Global Green Building Materials Market to Grow at a Rate of 12% Cagr During 2015-2020

Zion Research has published a new report titled “Green Building Materials Market for Framing, Insulation, Roofing, Exterior Siding, Interior Finishing and Other Applications for Public facilities, Education, Commercial and Industrial, Healthcare, R&D Centers, Residential and Other End-users – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global Green Building Materials Market was valued at around USD 127.5 billion in 2014 and is expected to reach USD 255 billion in 2020, growing at a CAGR of around 12% between 2015 and 2020. In terms of volume, the global green building materials market stood at 5,500.0 kilo tons in 2014.

Green building refers to a structure that is environmentally responsible and efficient with respect to resources throughout the lifecycle of a building. The material utilized for this type of construction is known as green building material. Green building materials are responsible for efficiency and sustainability of a building structure in terms of design, construction, maintenance, renovation and demolition. Leadership in Energy and Environmental Design (LEED), Green Building Evaluation Labeling (GBEL) and Building Research Establishment Environmental Assessment Method (BREEAM) are some of the leading rating systems for buildings and large scale developments in U.S., China and UK respectively.

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The green building sector is one of the fastest growing industries worldwide. Green building systems like LEED, the ICC 700 National Green Building Standard, BREEAM, etc. will likely to drive demand for green building projects. In order to achieve green building certification, a green building project needs to fulfill a number of necessities, including energy and resource-efficiency and the use of sustainable building materials....