Albany, NY, Jan. 5, 2015 (GLOBE NEWSWIRE) -- According to the report, green building materials market was valued US$106.32 billion in 2012 and is expected to reach US$234.77 billion by 2019 at a CAGR of 12.5% during the 2013-2019 forecast period.
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The global green building materials market is driven by factors such a positive effect of green building on human health, government support, shift towards green building, and rising demand from construction industry.
The Green Building Materials Market according to the application types is segmented into framing, roofing, insulation, interior finishing, exterior siding, and others. Insulation application-segment was estimated as the largest segment with 21% of the total market share in 2012. The rising demand for cellulose, cotton, fiberglass, and mineral wool for insulations is projected to show a healthy growth in near future. Rising demand for eco-friendly materials from manufacturers of green roofs is estimated to drive the growth for roofing application in the future. Increasing demand for volatile organic compounds (VOCs) free paints and glues and carpet tiles with recycled content is expected to drive the market for interior finishing. Farming applications market is estimated to grow due to rising demand for new non-conventional materials such as steel with recycled content, engineered lumber, autoclaved aerated concrete, and structural insulated panels during the forecast period.
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The green building materials market by end user is segmented into public facilities, education, health care, commercial and industrial, R&D centers, residential, and other industry. As the regulations are in favor of utilization of green building materials in construction, public facilities were the largest segment in end user industry. Therefore, increase in urbanization activities in the regions of Asia Pacific and RoW have helped the public facilities to grow and expand and are expected to hold the highest market share of volume in 2019. Development of industrial sector attached with commercial facilities in the emerging markets displayed the highest demand in 2012 and held 22% of the total market share in the end user segments. Furthermore, due to extensive industrial development, expansion projects, and growing population in regions such as Asia Pacific and RoW, R&D centers and residential are expected to be the fastest growing segments in end user segment in near future.
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Region-wise, the green building materials market is segmented into North America, Europe, Asia Pacific, and RoW. Due to stringent regulations in the regions such as North America and Europe, construction market has triggered a shift to green building technology. North America is the foremost green building materials consumer with 40% market share of the total market share globally. Europe has also shown a significant growth with 32% of the total volume share in 2012, and is estimated to rise further in near future. Due to adverse climatic conditions and government initiatives, Asia Pacific and RoW regions have shown a significant demand for green building materials, and are expected to be the most attractive markets for green building materials in the next few years.
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Some of the key players in Green Building Materials Market are Alumasc Group Plc, Amvik Systems, Binderholz GmbH, Bauder Limited, E.I. du Pont de Nemours and Company, CertainTeed Corporation, Forbo International SA, BASF SE, Reward Wall Systems, Redbuilt, LLC, and Structurlam Products Ltd.
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