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