Green Building Materials Market to Reach $69bn by 2019
The US market for green building materials will reach nearly $69 billion by 2019, according to a report by BBC Research.
The market for green building materials reached nearly $40 billion and $43.8 billion in 2013 and 2014, respectively, according to the report. It forecasts the market to grow at a compound annual growth rate of 9.5 percent over the period 2014-2019.
It also says structural materials as a segment will grow from nearly $28.7 billion in 2014 to $43.8 billion by 2019 at 8.8 percent CAGR for the period 2014-2019. Meanwhile interior materials as a segment will grow from nearly $9.5 billion in 2014 to $14.7 billion by 2019, increasing at a CAGR of 9.2 percent from 2014 through 2019.
According to the USGBC, as of April 2014, more than 4.3 million people live and work in LEED-certified buildings. By 2015, McGraw Hill projects that an estimated 40 percent to 48 percent of new nonresidential construction by value will be green, at a total opportunity value of $120 to $145 billion.
Also According to the USGBC, more than 500 US companies, including a number of Fortune 500 companies, are involved in the production of green building materials and the design and construction of green buildings.
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