NEW YORK /PRNewswire/ - After posting an impressive compound annual growth rate (CAGR) of 23 percent through 2006, the market for green, or environmentally friendly, building materials is expected to continue growing from almost $2.2 billion in 2006 to $4.7 billion in 2011, although at a slightly slower rate of 17 percent, according to Green Building Materials in the U.S., a new report from market research publisher Specialists in Business Information (SBI).
For a growing percentage of building buyers, occupants, and do-it-yourselfers, issues such as energy efficiency, indoor air quality, sustainability, and even more abstract measures of environmental impact no longer represent minor components of the decision process; they are now increasingly core preferences for homes and buildings.
Although the public sector and commercial projects have dominated green construction, residential green construction will undoubtedly see a boom. Residential projects have different materials profiles and imply different opportunities than those in the commercial sector, particularly in their extensive use of wood. SBI projects that green flooring, the slowest growing segment through 2006, will become the market's fastest grower through 2011, earning a CAGR of 45 percent.
"There is a risk that the 'green washing' of construction-related products and services will dilute the emerging trend so much that it will lose its meaning and its impact on sustainability and sound practices," notes Tatjana Meerman, publisher of SBI. "However, there is too much genuine opportunity in the industry for stakeholders to just sit by and watch this exciting new trend be eroded by paler shades of green construction. The industry will be disciplined either internally or by consumers who will demand clarity."
Containing comprehensive data on lumber, siding, flooring, insulation, and millwork, Green Building Materials in the U.S. focuses on the "buy side" of the market by looking at demand among builders and consumers and identifying current and anticipated market value, market dynamics, and trends. The report is available from SBI by clicking: www.sbireports.com/Green-Building-Materials-1445454. It is also available at MarketResearch.com.
About Specialists in Business Information
SBI publishes research reports in the industrial, construction, materials, and consumer goods markets. For more information, visit www.sbireports.com, or contact Tom Ehart at firstname.lastname@example.org.
Source: SBI (www.sbireports.com)