Green building materials demand to expand 13%
Demand for certified lumber, recycled content concrete, green floor coverings, and other efficient fixtures will see double-digit growth through 2015.
International business research company The Freedonia Group released an industry forecast detailing the growth of demand for green building materials through 2015. According to the report, U.S. demand for green building materials (products which can contribute to LEED credits) will expand 13% annually through 2015, generating sales of more than $70 billion.
The report is entitled “Green Building Materials,” and is available for purchase on the company’s website. It predicts that the demand for green building materials will outpace the growth of building construction expenditures. While this demand will support gains in the construction market, a bigger driver will be the expected rebound in the construction market after low 2010 levels.
Among green building materials, the fastest growing product will be Forest Stewardship Council (FSC)-certified lumber and wood panels. The largest value gains will be seen in concrete products with recycled content, not only because their use will reduce the volume of waste sent to landfills, but because the concrete itself often performs better than traditional concrete. Green floor coverings (including Green Label Plus-certified) account for almost 25% of total market in 2010 and are expected to increase at a double-digit rate annually through 2015.
Efficient plumbing and lighting fixtures are also expected to post double-digit gains through 2015. This is due to improved efficiency, environmental concern, increases in building codes, and the rebound in the construction market.
The report analyzes historical market demand and forecasts for 2015 and 2020 by product, market, and region. The study also considers market environment factors, assesses the industry structure, evaluates company market share, and profiles 39 U.S. companies.
View a summary of the study (PDF).