Green Building Material to Grow to $69 Billion by 2019
A new report by Transparency Market Research predicts the green building materials market to reach $69 billion by 2019. The market for green building materials reached $43.8 billion in 2014. The report also says structural materials as a segment will grow from nearly $28.7 billion in 2014 to $43.8 billion by 2019 at 8.8 percent CAGR (Compound Annual Growth Rate) for the period 2014-2019 (access fee report
here).
This is good news for those of us actively participating in green building projects. Unfortunately, the authors of the research limited the definition of "green building materials" to "wooden structures, steel with recycle content, autoclaved aerated concrete, engineered lumber and structural insulated panels for framing applications". While the industry is well aware of the sustainable attributes of ready mixed concrete, we still need to convince our specifiers that durability, fire-resistance, moisture-resistance and a high solar reflectance is valued in green buildings.
NRMCA has developed a number of programs to meet the requirements of the latest version of the US Green Building Council LEED green building rating system. LEEDv4 redefines green building material with a holistic look at all materials; concrete can contribute to the growing green material market segment.
For more information on NRMCA’s sustainability programs, contact Tien Peng at 206-913-8535 or tpeng@nrmca.org.
National Ready Mixed Concrete Association