Market Research Green Building Material Market | Page 2

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Some of the major advantages that green buildings provide as compared to conventional
buildings are efficient technology usage, easy maintenance, improved air quality, water and
energy efficiency, and high return on investment. These building also ensure temperature
moderation, waste reduction, water conservation, and improved physical and mental health of
the inhabitants.
Green Building Materials Market Outlook – Rising Concerns Regarding Environment Safety to
Fuel Market Growth
The growing concern of environmental safety such as concerns regarding water wastage,
inclination towards conservation of natural resources and protection of biodiversity fuels growth
of the global green building materials market. Various dedicated regulatory bodies such as
Leadership in Energy and Environmental Design (LEED) have green building ratings,
certification programs and have formed guidelines pertaining to green building construction.
Green Rating for Integrated Habitat Assessment (GRIHA) is an environmental safety regulatory
tool used by the United Nations for encouraging adoption of renewable materials in the
construction sector. Another popular research institute dedicated towards sustainable
development and environmental safety in India and South Asia is TERI (The Energy and
Resources Institute).
Product innovation is one of the key strategies adopted by the leading players in the green
building materials market. Manufacturers are focusing on adding solar thermal cladding and
bio-plastics. In 2016, Gunlocke, a furniture manufacturing company introduced Myco Board,
which is new ecofriendly product offering cost-effective and environment-friendly solutions for
interior products. Some of the major companies operating in the global green building materials
market are Alumasc Group Plc, AMVIC Building Systems, Binderholz GmbH, Bauder Ltd, BASF
SE, and Interface.
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