The Green Materials Market for Building Is Going to Skyrocket in 2015

Everyone’s going green. According to a Transparency Market Research report, the green materials market for building is going to skyrocket from its $106.32 billion value in 2012 to a whopping $234.77 billion industry value by 2019.

It’s not difficult to see why the industry is growing at such a rapid pace. With the striking health benefits associated with green buildings and the rise in government backing for green projects, of course the demand for materials by construction companies is growing at a breakneck pace. The construction industry is now working with environmentalists, because sustainable buildings are the moneymaking endeavors of the future.

The growth is separated into six groups for analysis: roofing, framing, insulation, interior finishing, exterior finishing, and others. The largest increase in the green material market is expected to happen in the insulation application, with a growth rate of 21% per year.

The materials that are topping the charts for projected growth in the insulation world are cellulose, cotton, fiberglass, and mineral wool. In the exterior and interior finishing sectors, we’re seeing a sharp rise in demand for volatile organic compound (VOC) free paint, glue, and carpet tiles.

Recycled materials, engineered lumber, autoclaved aerated concrete, and other non-conventional materials are also increasing in demand each year. And it’s no wonder as green buildings are the smart investment. They cost less to maintain and have a much smaller impact on the environment.

For more information about green materials and for all of your green building inspection needs, contact Ricks Energy Solutions today!