‘Green building’ is also known as ‘sustainable building’, and is a structure specially designed as environmentally friendly and resource-efficient. Green buildings are constructed for optimum utilization of energy, water or other resources, and reduce the production of pollutants as well as to protect occupant health.
The global green building market has been segmented on the basis of product type, application, and region.
On the basis of product type, the market is segmented into exterior products (windows, roofing, doors and sidings), interior products (floorings, insulation, building systems), solar products and others. Solar products segment is projected to have significant rate of growth over the forecast period, due to low cost and long product life as compared to its counter parts.
On the basis of application, it includes residential buildings and non-residential buildings (commercial buildings, healthcare, education). Residential buildings segment is estimated to accounts for comparatively high revenue share over the forecasted period.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, market in North America dominates the global market in terms of revenue, owing to favorable government policies focused toward Net-Zero Homes(NZH) and numerous initiatives taken up in order to drive the nation toward low-carbon footprint, commitments to conserve resources and reduce greenhouse gas emissions, drive the to expand the green construction market. Asia Pacific market is expected to witness fastest growth in the near future, owing to government regulation rather than market demand. Improving standard of living, rising awareness of global warming and climate change issues are also some of the other factors expected to boost growth of the global green building market in this region. Europe referred as leading region for green building market for a long time and continuing to see tremendous interest and support for the LEED green building program, followed by Latin America and Middle East and Africa.
Key players operating in the global liquid flavor market include BASF SE, E.I. du Pont de Nemours & Company, Owens Corning, PPG Industries, Kingspan Group Plc., Forbo International SA, Saint Gobain, Alumasc Group Plc., Interface Inc., Lafarge among others.