Sustainable Building Material Manufacturing in the US - Industry Market Research Report
- August 2020 •
- 46 pages •
- Report ID: 619230 •
- Format: PDF
Sustainable Building Material Manufacturing in the US
States, counties and cities have tightened building codes to promote the use of energy-efficient products and sustainable materials, which has driven growth for the Sustainable Building Material Manufacturing industry over the five years to 2019. Tax subsidies and operating cost savings have also supported this trend, especially in light of the rapid rise in LEED buildings. Technological advances have facilitated a rise in demand for sustainable materials. demand for sustainable materials has increased dramatically over the past five years, accelerating most recently due to the rebounding construction market. The industry is anticipated to continue expanding over the five years to 2024, albeit at a decelerated rate relative to previous growth as downstream construction markets normalize following the rapid pace of building activity during the current period.
This industry produces building materials used during the construction and renovation of Leadership in Energy and Environmental Design (LEED)-certified building structures. Such buildings use sustainable materials that reduce building water, energy and other resource needs. Sustainable materials are more efficient than traditional products because they reduce pollution, waste and environmental degradation.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.