The positive effect of Green Building on human health is the major driving force of the market. Moreover, governments in various developed countries are facilitating high performance green building; an example of this is U.S.A’s American Recovery and Reinvestment Act. Owing to the frequent climate changes and extreme weather conditions, consumers prefer to adopt green roof technology to maintain the temperature within the structure as well as for rainwater harvesting. However, unavailability of high performance and eco friendly green building material is the key factor that hinders the market growth. Moreover, the cost associated with the construction of green buildings is more than that for normal buildings. The market is anticipating a terrific growth due to the stringent regulations adopted by North American and European Governments for shifting towards green building technology. Furthermore, attempts by various NGOs and societies to increase awareness about the adoption of sustainable technology would drive the green building material market in future.
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Green building is nothing but a technology to develop an environmentally friendly building structure. The intention of green building is to reduce the negative impacts of buildings on human health and the environment through better site selection, construction, design, maintenance, and removal throughout the complete life cycle of the green building material. The eco friendly material required to develop such a concept is called green building materials. The aim of the report is to analyze the present and projected future trends of global green building materials market, as the demand for the product is expected to rise. The analysis provides an understanding of the market potential in various industry applications. The study focuses on the opportunities in emerging economies of the globe so that companies can strategically make region specific plans and gain a competitive frame of reference.On the basis of application, the green building material market is segmented into framing, insulation, roofing, exterior siding, interior finishing and others. Roofing is the most popular segment among the green building material applications. Consumers are adopting green roofing technology to maintain building temperature and for storage of rainwater due to the rapid climatic change.
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