Increased use of green building materials in public facilities as a result of government support is a major growth factor for these products around the globe, according to Transparency Market Research.
The global green building materials market is projected to grow 12.5% annually between 2013 and 2019, the firm says. Insulation accounted for the largest product segment with 21% share of the green building materials market in 2012.
Other findings from the report include:
— Green roofs will drive demand for roofing application materials
— Growing demand for glue and paints that are free from volatile organic compounds (VOCs) and carpet tiles manufactured with recycled material will drive the interior finishing application segment
— Non-conventional construction material such as engineered lumber, structural insulated panel, steel with recycled material, and autoclaved aerated concrete will also experience significant growth
Related Stories
Codes and Standards | Apr 27, 2022
White House guidance on Buy American for infrastructure includes waiver process
Recently released guidance on the Buy American provision within the $1.2 trillion Infrastructure Investment and Jobs Act released by the Office of Management and Budget includes a waiver process.
Multifamily Housing | Apr 26, 2022
Investment firm Blackstone makes $13 billion acquisition in student-housing sector
Blackstone Inc., a New York-based investment firm, has agreed to buy student-housing owner American Campus Communities Inc.
Codes and Standards | Apr 25, 2022
Supply chain constraints, shifting consumer demands adding cost pressures to office fit-outs
Cushman & Wakefield’s 2022 Americas Office Fit-Out Cost Guide found supply chain constraints and shifting consumer demands will continue to add pressure to costs, both in materials and labor.
Legislation | Apr 21, 2022
NIMBYism in the Sunbelt stymies new apartment development
Population growth in Sunbelt metro areas is driving demand for new apartment development, but resistance is growing against these projects.
Codes and Standards | Apr 18, 2022
Dept. of Energy has RFI on funding cost-effective updated energy codes implementation
The U.S. Department of Energy (DOE) Building Technologies Office (BTO) has issued a request for information regarding funding cost-effective implementation of updated building energy codes.
Legislation | Apr 14, 2022
Defense Dept. building largest 3D-printed structures in Western Hemisphere
The U.S. Department of Defense is constructing three barracks at the Camp Swift Training Center in Bastrop, Texas that will each be the largest 3D-printed structures in the Americas.
Wood | Apr 13, 2022
Mass timber: Multifamily’s next big building system
Mass timber construction experts offer advice on how to use prefabricated wood systems to help you reach for the heights with your next apartment or condominium project.
Codes and Standards | Apr 13, 2022
LEED multifamily properties fetch higher rents and sales premiums
LEED-certified multifamily properties consistently receive higher rents than non-certified rental complexes, according to a Cushman & Wakefield study of two decades of data on Class A multifamily assets with 50 units or more.
Legislation | Apr 11, 2022
Dept. of Energy releases RFI for K-12 schools energy upgrade program
The U.S. Dept. of Energy (DOE) released a Request for Information (RFI) to help decide how best to spend $500 million from the recently passed federal infrastructure law for K-12 public school energy upgrades.
Codes and Standards | Apr 8, 2022
Dept. of Energy boosts energy efficiency standards for federal buildings
The Department of Energy’s recently released new energy efficiency standards for federal buildings.
