Global Construction Sustainable Materials Market to 2026
DUBLIN, October 24, 2017 /PRNewswire/ --
The "Global Construction Sustainable Materials Market, Analysis & Forecast, 2017 - 2026: Focus on Type, Applications and End-User " report has been added to Research and Markets' offering.
The global construction sustainable materials market, by volume, was 7,543.1 Kilotons in 2016 and is expected to grow at a CAGR of 12.0% between 2017 and 2026. By value, the global construction sustainable materials market, was valued at $175.00 billion in 2016 and is expected to grow at a CAGR of 11.6% between 2017 and 2026.
The construction sustainable materials market is driven by a number of factors such as superior properties of sustainable materials over conventional materials, stringent regulations by government, increasing sustainability goals, climate change and global warming, and growing environmental assessment methods in the end-user industry. However, high production cost, technological advancement and lack of awareness are hampering the growth of the construction sustainable materials market. Tremendous potential for growth in the construction industry, growing demand from emerging economies such as China and India, and growing urbanization and populations is expected to create opportunities for the construction sustainable materials market.
The construction sustainable materials market is segmented into various product types namely structural products, interior products, exterior products, and building systems. The structural products based construction sustainable materials dominated the global construction sustainable materials market with a share of 61.2%, by volume and 63.0% by value in 2016. The market size of this segment was valued at $110.25 billion in 2016, and is projected to register a CAGR of 11.5% between 2017 and 2026.
The structural products are responsible for the overall framework of the buildings, and ensure the strength and stability of the structure. In sustainable construction, the structural materials used are made up of recyclable products such as metals, concrete, and industrial wastes such as fly ash, fabrics etc.
On the basis of the end-user industry, the construction sustainable materials market is segmented into industrial construction, residential building, commercial buildings, and others. The commercial buildings segment dominated the global construction sustainable materials market by end-user industry, with a market share of 34.9% by volume and 35.9% by value. Its market size is projected to reach $187.48 billion by 2026, registering a CAGR of 11.6% between 2017 and 2026. Commercial buildings and facilities are majorly responsible for emitting greenhouse gases (GHGs) during their lifetime. Their design, construction, construction, and demolition also creates a huge impact on the natural resources, environmental quality, community well-being, and worker quality, among others. Therefore, the use of sustainable materials offers tremendous opportunities for enhancing the overall sustainability of these structures.
On the basis of application, construction sustainable materials market is segmented into insulation, roofing, framing, exterior siding, and interior finishing. The insulation application segment dominated the construction sustainable materials market with a market share of 22.4% by volume and 22.3% by value in 2016. Its market size was estimated at $39.05 billion in 2016 and is projected to register a CAGR of 10.8% between 2017 and 2026. Insulation is one of the primary components of green and sustainable buildings, due to the reduction in the energy usage and lowering of the overall energy cost and the carbon emissions impact, it is the dominant application of sustainable materials.
On the basis of geography, North America dominated the construction sustainable materials market with a market size is projected to reach $182.54 billion by 2026, registering the highest CAGR of 11.6% between 2017 and 2026. The increasing number of LEED certified projects, along with the increasing population and industrialization are giving a much needed thrust to the construction sustainable materials market in the North American region.
Market Dynamics
Market Drivers
- Environmental Benefits
- Environmental Assessment Methodologies Used Globally in the Construction Industry
- Climatic changes and Global Warming
Market Restraints
- High Cost of Sustainable Materials and Technological Advancements
- Lack of Awareness in the Construction Industry Leading to Continuous Usage of Conventional Material
Market Opportunities
- Growing demand in Emerging Economies
- Growth of the Construction Industry
- Growing population and urbanization
Key Topics Covered:
Executive Summary
1 Scope and Research Methodology
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Construction Sustainable Materials Market by Product Type, by Value ($Billion) and Volume (Kilotons)
6 Global Construction Sustainable Materials Market by Application, by Value ($Billion) and Volume (Kilotons)
7 Global Construction Sustainable Materials Market, by End-User Industry, by Value ($Billion) and Volume (Kilotons)
8 Global Construction Sustainable Materials, by Region, by Value ($Billion) and Volume (Kilotons)
9 Company Profiles
- Alumasc Group Plc.
- Amvic Systems
- BASF SE
- Bauder Ltd.
- E.I. Du Pont de Nemours and Company
- Forbo International SA
- Interface Inc.
- Kingspan Group Plc.
- LafargeHolcim
- National Fiber
- PPG Industries Inc.
For more information about this report visit https://www.researchandmarkets.com/research/strtzs/global
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