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
MFPRO+ News | Mar 12, 2024
Multifamily housing starts and permitting activity drop 10% year-over-year
The past year saw over 1.4 million new homes added to the national housing inventory. Despite the 4% growth in units, both the number of new homes under construction and the number of permits dropped year-over-year.
Affordable Housing | Mar 11, 2024
Los Angeles’s streamlined approval policies leading to boom in affordable housing plans
Since December 2022, Los Angeles’s planning department has received plans for more than 13,770 affordable units. The number of units put in the approval pipeline in roughly one year is just below the total number of affordable units approved in Los Angeles in 2020, 2021, and 2022 combined.
Codes and Standards | Mar 7, 2024
Public comments sought on measuring lifecycle of greenhouse gas emissions of buildings
ASHRAE and the International Code Council seek comments on their jointly developed document, Proposed ASHRAE/ICC Standard 240P—Quantification of Life Cycle Greenhouse Gas (GHG) Emissions of Buildings.
Green | Mar 5, 2024
New York City’s Green Economy Action Plan aims for building decarbonization
New York City’s recently revealed Green Economy Action Plan includes the goals of the decarbonization of buildings and developing a renewable energy system. The ambitious plan includes enabling low-carbon alternatives in the transportation sector and boosting green industries, aiming to create more than 12,000 green economy apprenticeships by 2040.
Codes and Standards | Mar 1, 2024
NIBS report focuses on how commercial buildings access and use water resources
The National Institute of Building Sciences (NIBS) issued a new report, Clean Water, Sanitation, and the Built Environment, focusing on how commercial buildings and residential buildings access and use water resources.
Windows and Doors | Feb 28, 2024
DOE launches $2 million prize to advance cost-effective, energy-efficient commercial windows
The U.S. Department of Energy launched the American-Made Building Envelope Innovation Prize—Secondary Glazing Systems. The program will offer up to $2 million to encourage production of high-performance, cost-effective commercial windows.
MFPRO+ Special Reports | Feb 22, 2024
Crystal Lagoons: A deep dive into real estate's most extreme guest amenity
These year-round, manmade, crystal clear blue lagoons offer a groundbreaking technology with immense potential to redefine the concept of water amenities. However, navigating regulatory challenges and ensuring long-term sustainability are crucial to success with Crystal Lagoons.
Building Tech | Feb 20, 2024
Construction method featuring LEGO-like bricks wins global innovation award
A new construction method featuring LEGO-like bricks made from a renewable composite material took first place for building innovations at the 2024 JEC Composites Innovation Awards in Paris, France.
AEC Tech | Feb 20, 2024
ABC releases technology guide for AI in construction
Associated Builders and Contractors has released an artificial intelligence (AI) technology guide for the U.S. construction industry. AI in Construction — What Does It Mean for Our Contractors? outlines definitions, construction use cases, and considerations for the implementation of AI in construction.
Codes and Standards | Feb 20, 2024
AISC, AIA release second part of design assist guidelines for the structural steel industry
The American Institute of Steel Construction and AIA Contract Documents have released the second part of a document intended to provide guidance for three common collaboration strategies.
