- THE MAGAZINE
According to “The U.S. Market for Green Building Materials,” a new technical market research report from BCC Research, the U.S. market for green building materials was worth an estimated $9.6 billion in 2009. The market is expected to increase to nearly $31.4 billion by 2014, for a five-year compound annual growth rate (CAGR) of 26.7%.
Structural materials, the largest segment of the market, was estimated to be worth $5.8 billion in 2009 and is projected to rise at a healthy CAGR of 29.2% to reach $21 billion by 2014. The second-largest segment in 2009, interior materials, is expected to increase in value over the next five years at a CAGR of 24%, from $2 billion in 2009 to $5.8 billion by 2014. Exterior materials, the next-largest segment, is projected to rise at a CAGR of 20.6% from an estimated value in 2009 of $1.9 billion to $4.7 billion by 2014.
The scope of the report includes the U.S. market for building products 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