World Stays on Green Path
(January 29, 2014) Green building material sales are predicted to grow 12.5% annually from $106.32 billion in 2012 to $234.77 billion by 2019, according to a new study by Transparency Market Research.
Key application segments analyzed in this study include framing, insulation, roofing, exterior siding, interior finishing, and other applications of green building materials.
The largest green product segment is insulation, a mature yet still-growing category. Roofing is second, but should fall, based on the expected rise of framing, exterior siding, and interior finishing products.
North America dominated the global market for green building materials in 2012, consuming more than 35% by volume, followed by Europe with 32%. The biggest growth is expected in Asia Pacific.