Alternative Profits Blog
Green Building Materials - Opportunities, Trends and Challenges
DefinitionGreen building materials refer to building materials that come from renewable sources such as plants and animals.
Market Need
Need for more sustainable buildings and homes
Trends
• NextGen Research estimates the global green building materials market will grow about 5% per year to reach $571 billion by 2013, up from about $455 billion in 2008. The report says that the worldwide market for green building materials has continued to grow despite the economic downturn.
• In 2008 the U.S. market for green building materials alone generated sales of almost $57 billion, according to a new study. The market is projected to expand 7.2% annually to over $80 billion in 2013, outpacing the growth of building construction expenditures over that period, according to the Freedonia Group, Inc., a Cleveland-based industry research firm.
posted by Ecacofonix at
6:31 AM
Tuesday, September 8, 2009
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