According to a new technical market research report, THE U.S. MARKET FOR GREEN BUILDING MATERIALS (ENV007B) from BCC Research, the U.S. market for green building materials was worth an estimated $9.6 billion in 2009, but is expected to increase to nearly $31.4 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 26.7%.
The largest segment of the market, structural materials, was estimated to be worth $5.8 billion in 2009, but is projected to rise at a healthy CAGR of 29.2% to reach $21 billion in 2014.
The second-largest segment in 2009, interior materials, is expected to increase in value over the next 5 years at a CAGR of 24%, from $2 billion in 2009 to $5.8 billion in 2014.
The next-largest segment, exterior materials, is projected to rise at a CAGR of 20.6%, from an estimated value in 2009 of $1.9 billion to $4.7 billion in 2014.
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)
- Beneficial to the built environment (e.g., conserve energy, remove indoor pollutants)
- Recyclable at the end of their life.
The overall goal is to identify and prioritize the business opportunities for providers of green building materials that will arise over the next 5 years as green building technologies increase their market penetration.
The report is intended especially for providers of green building materials and other technologies. Although the report is structured around specific technologies, it is largely nontechnical in nature. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase, and at what price.