Green Building Forecast to Double Globally

The worldwide green building materials market should nearly double over the next five years, reaching $523.7 billion by 2027, according to recent analysis by Future Market Insights, Inc. The climb would represent 11.06% annual growth from 2021’s $280.5 billion—a rate expected to continue through 2032. 

Insulation is forecast to be the fastest-growing application, rising at a pace of 11.7% over the period due to its excellent energy efficiency and increased emphasis on installing interior insulation solutions.

North America owns a significant green building material market share, with growth substantially driven by strict rules on the use of environmentally friendly products in the construction sector.

Exposed to extreme climate conditions and government initiatives, the Asia Pacific and Latin America are also seeing increased demand for green building materials.

Hawaii Lumber Products Association Dissolves

After a 20-year run, the Hawaii Lumber Products Association dissolved, effective Dec. 31, 2022.

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Westlake Ace Adding 2 More Stores in La Area

Westlake Ace Hardware has signed lease agreement to open two more stores in the greater Los Angeles area, bringing to 17 its store count in the state, including eight in Southern California.

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Lumbermen’s Association of Texas (LAT) Announces 2023 LBM Policy Priorities

The Lumbermen’s Association of Texas (LAT), a non-profit trade association that represents the Texas lumber and building materials supply chain, has announced its 2023 Public Policy Priorities for the 88th Texas Legislature.   

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