Market for Energy Efficient & Sustainable Products to Soar to $234B by 2019
Originally published by: Retrofit Magazine — February 5, 2014
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Transparency Market Research has released a new market report titled “Green Building Materials Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019″ that defines and segments the global green building materials market with analysis and forecast of the global volume and revenues. This report observes that the revenue of green-building materials was $106.32 billion in 2012 and is expected to reach $234.77 billion by 2019 and is anticipated to grow at a CAGR of 12.5 percent between 2013-19.
Key application segments analyzed in this study include framing, insulation, roofing, exterior siding, interior finishing, others applications of green building materials. Insulation applications were the largest segment and accounted for about 21 percent of the market share in 2012. This is a mature segment and nevertheless is expected to show healthy growth numbers as compared to the rest of the segments by 2019. Roofing and other applications are expected to see a decline in market share considering growth of the framing, insulation, exterior siding and interior finishing.
Commercial and industrial sectors showed the highest demand in 2012 and accounted for over 22 percent of the market share, supported by high development of industrial sector coupled with commercial facilities in the emerging markets. This segment is expected to dominate the end-user based demand in the next few years till 2019. This segment is expected to grow at a CAGR of 12.4 percent between 2013-19. R & D centers and residential segments accounted for a lower share but are expected to show healthy growth rates over coming few years.
North America dominated the global market for green-building materials in 2012. With over 35 percent global market share in terms of volume, North America is the leading market in green-building materials. Europe accounted for about 32 percent of the total volume share in 2012.The global green-building materials market has witnessed significant growth during the recent past. Asia Pacific is a lucrative market for commercial development and expansions and is expected to show the highest growth numbers between 2013 and 2019.
The top five companies, BASF SE, E. I. du Pont de Nemours Co., Owens Corning, CertainTeed Corp. and Kingspan Group Plc. are expected to dominate the market for green-building materials and these companies accounted for over 12 percent of the market share in 2012. Other companies such as PPG Industries, Forbo International SA, Lafarge, Alumasc Group Plc. and others are some of the other important players in the green building materials market.