U.S. demand for green building materials — products that contribute to LEED certification — is expected to reach $70 billion by 2015, according to an updated study by The Freedonia Group. The market is currently at $39 billion, representing a staggering increase of 13% per year during the next five years. This increase will come from green materials taking market share from non-green materials, but the main driver for demand is a rebound from the construction doldrums of recent years.
- Fastest – FSC-certified products will be the fastest growing segment with triple the current sales;
- Double-digit Total – expect to see double-digit growth through 2015 in water-efficient fixtures and fittings, energy-efficient lighting fixtures, permeable pavement, and recycled-content gypsum and concrete;
- Gaining Share – green concrete products will continue to gain market share;
- Largest Source – green floor coverings, the largest source of green building material demand, will see double-digit annual increases in demand through 2015.
The study, Green Building Materials to 2015, includes historical data from 2000, 2005, 2010 and forecast data for 2015 and 2020 with product, market, and regional information. The $4,900 report factors in market trends, industry structures, and major U.S. companies offering green building materials.