The U.S. Market for Green Building Materials
The U.S. market for green building materials reached nearly $40.0 billion and $43.8 billion in 2013 and 2014, respectively. This market is expected to grow at a compound annual growth rate (CAGR) of 9.5% to nearly $69.0 billion over the period 2014-2019.
- An overview of the U.S. market for green building materials.
- Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019.
- Information on green building materials which include those originating from salvaged, recycled, or agricultural waste content; those materials manufactured with the goal of resource-efficiency or environmentally friendliness, as well as materials meant to benefit the environment or that will be recyclable after their lifetime.
- Analysis of technical, commercial, and other prerequisites need to succeed in the green building materials market.
- Details pertaining to the market's drivers, inhibitors, and opportunities for growth.
- Profiles of major players in the industry
The scope of this report includes the U.S. market for building products that meet its definition of green, that is, those that are:
Made from salvaged, recycled or agricultural waste content.
- Manufactured with resource-efficient, environmentally friendly processes (e.g., conserve water/energy, minimize pollutants and process wastes).
- Derived from rapidly renewable resources (e.g., fast-growth wood).
- Beneficial to the built environment (e.g., conserve energy, remove indoor pollutants).
- Recyclable at the end of their life.
In general, coverage is limited to building products that meet one of these criteria and are at least neutral with respect to the other three (e.g., wood particle board is generally not included because it is made from recycled/waste materials but is subject to potentially harmful outgassing).
The report format includes the following major elements:
- Executive summary.
- Types of green building technologies.
- End users and applications.
- Manufacturers and related service providers.
- Patent analysis.
- Public policy dimensions and green initiatives.
- Market drivers.
- U.S. trends in the market for green building technologies by technology, product type, application and geographical region, 2013 to 2019.
Erik Vickstrom is a senior management consultant with a U.S.-based boutique management consulting firm. He has experience working with both small engineering firms and Fortune 200 companies on the commercial verification of emerging technologies; on business model development and commercialization plans with technologies in the energy, materials, electronics, manufacturing and environmental markets; and assisting private equity firms with acquisitions in the industrials space. Prior to his current role, Erik worked with small- to large-size companies, focusing on new enterprise development and business strategy in various stages. Erik received his degrees (MBA, M.A., and B.S.) from the University of Illinois at Urbana-Champaign, Ill., where he also conducted his postgraduate work and studies.
- U.S. market for green building materials was approximately $12.8 billion in 2008. This market declined to $9.6 billion in 2009 under the impact of the recession. It is projected to grow to nearly $31.4 billion between 2009 and 2014, at a CAGR of 26.7% over the 5-year period
- Structural materials market was nearly $8.0 billion in 2008; this further decreased to $5.7 billion in 2009, this is projected to reach $20.8 billion in 2014, for a 5-year CAGR of 29.2%.
- Interior materials market was $2.5 billion in 2008; this further decreased to approx $2 billion in 2009, this is projected to reach $5.8 billion in 2014, for a 5-year CAGR of 24%.
BCC estimates the value of the U.S. green building materials market at $21.1 billion in 2005. This figure is expected to rise to $21.9 billion in 2006 and to $27.9 billion by 2011, an AAGR of 4.9% over the next five years.
Structural building materials accounted for nearly three-quarters of the U.S. green building materials market in 2005, followed by interior materials (13.8%), exterior materials (11.2%) and plumbing/wiring/fixtures (0.1%). Exterior building materials are growing at a faster rate (i.e., an AAGR of 10% through 2011) than any other product segment, and as a result are expected to increase their market share to 15.7% by 2011.
Turning to individual products, oriented strand board (OSBO) had by far the largest sales of any green building product in 2005 and is expected to remain in first place through 2011, despite price erosion, which will reduce the value of sales over time. Other top-selling green building materials included i-joists, glue laminated timber and fiber cement.