Green building is also called as green construction or sustainable building. It refers to the structure and the application of processes that are environmentally responsible and resource-efficient throughout a building's lifecycle, right from siting to design, construction, operation, maintenance, renovation, and demolition. These materials promote conservation of non-renewable resources and reduce the environmental impact associated with fabrication, processing, installation, transportation, disposal, and recycling of building materials. Green building materials are used in construction industry to deal with various environmental challenges including abrupt climate change, natural resource depletion, atmospheric pollution, contamination of fresh water resources, and loss of biodiversity.
Market Dynamics
The durability, eco-friendly nature, and energy efficiency of green building materials make them exemplary for use in designing of both residential and non-residential buildings. Emission reduction potential of green building materials, the high asset value of green buildings, growth in public awareness regarding green materials, and increase in client & market demand are the major factors that drive the green building materials market across the globe. Moreover, reduction in operating costs and enhanced worker productivity due to healthier indoor environment supplements the market growth. However, high costs and lack of government policies encouraging green construction are some restraining factors which may hinder the growth of the market.
Continuous innovation and rise in growth of building and construction sector provides a great potential for market expansion and can act as future growth opportunities for the industry. The green building material market is segmented on the basis of product type, application, and geography. By product type, the market is segmented as Exterior Products and interior products. On the basis of application, the market is segmented as residential buildings and non-residential buildings. Non-residential buildings are further classified as Commercial & Office, Institutional, Industrial, Hospitality and Leisure, and others. Geographically the market is categorized as North America, Europe, Asia-Pacific and Rest of World.
GREEN BUILDING MARKET SEGMENTATION
By Product Type
⢠Exterior Products
o Windows
o Roofing
o Doors
o Siding
⢠Interior Products
o Floorings
o Insulation
o Building Systems
o Solar Products
o Others
By Application
⢠Residential Buildings
⢠Non-residential Buildings
o Commercial & Office
o Institutional
o Industrial
o Hospitality & Leisure
o Others
By Geography
North America
⢠U.S.
⢠Canada
⢠Mexico
Europe
⢠UK
⢠Germany
⢠France
⢠Italy
⢠Poland
⢠Rest of Europe
Asia-Pacific
⢠China
⢠India
⢠South Korea
⢠Australia
⢠Singapore
⢠Hong Kong
⢠Japan
⢠Rest of Asia-Pacific
Rest of World
⢠Latin America
⢠Middle East
⢠Africa