Analysis of the Sustainable Construction:
Rise in growth of infrastructural development projects, especially in the developing economies, drives the growth of the sustainable construction market to a greater extent. Surge in use of project management technology, eco-friendly building materials, and green manufacturing techniques are few of the ways in which construction is moving toward maintaining an environmental, ecological, and economical sustainability. Sustainable construction, also known as green building, has numerous benefits for not only the environment as a whole but also for builders and their clients to be specific.
The reduction in construction waste is also an advantageous side effect in building sustainable buildings. Sustainable materials have found an extensive acceptance in the construction industry for different types of applications such as insulation, roofing, framing, interior finishing, and exterior siding for the residential and non-residential purposes.
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The demand for sustainable materials is on a constant rise and is anticipated to grow in the forthcoming years as the sustainable materials are effectively replacing the conventional materials and are also being preferred in today’s construction industry. However sustainable construction comes at a premium range and the cost is also higher than the demand, despite the contrary exists as the evidence, which limits the market growth.
Top impacting factors
Numerous type of applications due to their emission reduction potential, building rating systems, strict governmental regulations and emission control standards, and investment on a large-scale by Government and federal agencies are the factors that boost the growth of the market. There is an increase in the demand for green buildings in the industrial sector and is expected to propel due to low operating and maintenance costs. Increased demand for energy-efficient technologies impact the market demand.
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Key Market Players:
The Whiting- Turner Contracting Company, Alumasc Group Plc,, Hensel Phelps,, The Turner Corp.,, Clark Group,, Bauder ltd.,, Gilbane Building company,, Florbo International SA
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Key Segments:
By Product Type –
Exterior products
Interior products
By Application –
Residential building
Non-residential buildings
By Region –
North America (U.S., Canada, Mexico)
Europe (France, Germany, Italy, UK, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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