NEW YORK, March 6, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: US Green Building Materials Market
US demand to post double-digit gains through 2017
Through 2017, a rebound in construction activity, combined with continuing consumer interest in environmentally friendly products, will propel US growth in green building materials demand 11 percent annually to $86.6 billion. US construction activity declined sharply during much of the 2007-2012 period, but demand for green building materials held its own, boosted by consumer interest in products that could reduce utility bills or promote environmentally friendly construction practices. For instance, homeowners installed ENERGY STAR-certified windows and heating, ventilation, and air conditioning (HVAC) systems to lower energy costs and reduce energy consumption. Gains in residential construction will promote demand for such products as carpeting, gypsum board, concrete, and metal building products.
Builders, architects coming to grips with LEED systemFor purposes of this study, green building materials are defined as those products that can be used to earn credits toward certification in any of the Leadership in Energy and Environmental Design (LEED) rating systems extant as of February 2013. These materials do not necessarily have to be installed in buildings where LEED accreditation is being sought to be considered green materials. Over the forecast period, builders and architects will increasingly opt to earn high levels of LEED certification by specifying the use of materials that earn LEED points. Solar power products, insulation, concrete made with fly ash, and lumber harvested in a sustainable manner can all contribute to LEED certification, and all are forecast to exhibit demand gains. ENERGY STAR-compliant HVAC systems, recycled concrete, permeable pavements to see good gains Solar power products saw explosive growth between 2002 and 2012, driven by increasing installation of rooftopbased solar power modules connected to electricity distribution systems. Going forward, favorable tax incentives and strong interest in the use of renewable energy sources will promote demand for LEED-eligible solar power products.