TechNavio recognizes the following companies as the key players in the Global Green Building Material Market: E. I. du Pont de Nemours and Co. (DuPont), Johnson Controls Inc., Lafarge S.A., Owens Corning, and Saint-Gobain S.A.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, energy efficiency has become a major global concern, particularly as a result of global warming and the rapid depletion of non-renewable power resources. It is currently estimated, that buildings account for 40 percent of total global energy consumption. This high consumption has prompted several governments across the globe to form policies to improve energy efficiency in buildings. For instance, the US government offers a tax reduction of US$1.80 per square foot to building owners who use green materials and techniques such as building envelopes, interior lighting, and hot water systems that reduce the energy consumption of buildings up to 50 percent. Also, many states in the US offer incentives for the usage of recyclable items such as windows, doors, roofs, and insulation. These factors are expected to contribute to the growth of the Global Green Building Material market during the forecast period. ”
According to the report, one of the major drivers in this market is the growing need for cost reduction. The increasing use of green building materials can reduce maintenance and replacement cost of buildings. Moreover, using green building materials can also reduce energy consumption, which is a huge benefit for residential and commercial building owners.
Further, the report states that one of the major challenges is the lack of awareness about the benefits of green building materials. The lack of awareness in developing countries has had a negative impact on the growth of the Global Green Building Material market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-green-building-material-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Green Building Material Market 2012-2016
