Sustainable Building Materials – Hourly Needs Market Forecast to 2028, Latest COVID-19 Analysis and Top Players Overview
NEW YORK, USA, February 10, 2022 /EINPresswire.com/ — Construction is the main contributor to socio-economic development in most countries and accounts for the majority of energy consumption. Building and construction generate significant greenhouse gas emissions and therefore push for more sustainable construction methods. Due to this, sustainable building materials have risen to prominence in the global construction industry.
Sustainable building materials are also called green building materials which are energy efficient and durable. Sustainable building materials help provide comfortable and healthy environmental conditions throughout the life cycle of the building. The main goal of sustainable building materials is to achieve efficient use of energy, water, raw materials and minimal environmental impact of buildings. However, due to the complexity of sustainability implementation and industry fragmentation, the level of implementation of sustainable building materials is still in its infancy.
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Growing demand for sustainable cities and infrastructure owing to developments in the construction industry is expected to drive the market for sustainable building materials. Large construction companies aim to deliver certified sustainable buildings at a reduced financial and environmental cost. In the United States, the Green Building Council’s Leadership in Energy and Environmental Design (LEED) has introduced a new method for building materials and products that expands their role in the certification process from the point of manufacture to the end of life of the building. Due to the advent of digitalization and automation in most industries, the construction industry can transform by integrating digital technology and advanced automation into buildings and infrastructure. With 30-40% of solid waste generated by the built environment, sustainable building materials offer a significant opportunity for the construction industry to reduce costs, conserve resources and protect the environment.
Impacts of Covid-19 on the market:
The Covid-19 (coronavirus) pandemic is impacting society and the economy as a whole across the world. The impact of this pandemic is increasing day by day and is affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, a massive supply chain slowdown, declining business confidence and growing panic among customer segments. The overall effect of the pandemic is impacting the production process of several industries. This ‘Sustainable Building Materials Market’ report provides an analysis of the impact of Covid-19 on various business segments and national markets. The reports also present market trends and forecasts until 2028, taking into account the impact of the COVID -19 situation.
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The main materials used as sustainable building materials include green thermal insulation, recycled metal, reclaimed wood, bamboo, insulating foam concrete, recycled glass, etc. They are environmentally friendly materials that have a low environmental impact during production, implementation and maintenance. These are mainly recyclable and locally sourced materials. Companies are pursuing zero-carbon buildings and maximizing construction cycle performance by using these sustainable building materials. More and more environmentally friendly materials are being introduced to the market, which significantly reduce the cost of energy in residential and commercial construction.
North America and Europe are major users of green or sustainable building materials. More than half of construction companies have implemented green buildings in their projects. However, developing countries like India lack incentives for sustainable buildings. Slowly and steadily, consumers are moving towards green homes, furthering the promotion of sustainable building materials. In India, the Green Building Code has established codes and standards in state regulations and standards set by rating programs, such as (LEED-India), Indian Green Building Council (IGBC), TERI- GRIHA and other similar certifications. It is important that the implementation of these policies is effective and that commercial builders benefit from tax advantages and rapid permits in the form of incentives.
The impact of construction lasts for decades and affects the current generation as well as the future generation; therefore, there is an urgent need to adopt sustainable building materials that have a positive impact on the environment during construction and after the building’s life cycle.
American Standard Brands, Andersen Corporation, Binderholz GmbH, Homasote Company, Masco Corporation, National Fiber, RedBuilt LLC, Bauder Limited, Wienerberger AG, USG CORPORATION and many more.
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Green Building Materials Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Material (Earth Materials, Insulated Concrete Forms, Steel, Composites, Fiber Cement, Others); End use (residential, commercial) and geography
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