Demand is so hot for green buildings that not even a green roof can cool it off
The Green Industry is one of the fastest growing industries in 2022 with the focus finally shifting from over-consumption to sustainability over the past few years. Now more than ever people are becoming more aware of just how important it is to protect our precious resources and reduce our carbon foot print. This awareness continues to grow and is the leading factor for one of the hottest markets in the Green Industry sector.
Green building materials is the fastest growing market in the Green Industry. The green building materials market is poised for a rapid growth rate of 8.6% by 2027 and the market is expected to grow at an annual compound growth rate of 11.8% by 2032 in where North America is expected to continue to dominate the green building materials market.
The global revenue for green construction materials is $5.8 billion in 2022 and is expected to grow to $29.2 billion in 2031 at a CAGR of 19.6% according to Guidehouse Insights with Asia Pacific being the fastest growing market.
So what exactly are green building materials?
Green building materials are defined as non-toxic materials that improve occupancy health, lower operating costs and conserve energy.
It is expected that the green building insulation market will grow at a CAGR of 3.06% from 2022-2026 making it the fastest growing market in the green building sector. Builders are using materials such as; stone, cob, bamboo, cork, straw bale and earth bags just to name a few.
The demand for sustainable buildings continues to increase each year with client demand growing rapidly and cities needing to meet their global carbon reduction goals. Currently, buildings account for approximately 40% of global energy-related CO2. Sustainable designs help to reduce carbon emission, conserve water and prioritizes safer materials which reduces our exposure to toxins.
There are so many benefits to green buildings that we could go on forever about it and sing the praises of green buildings for days on end. But who has that kind of time? Instead let's take a look at our top 5 favorite reasons to #BuildGreen
1. Protects existing natural spaces
Green buildings are typically not constructed on environmentally sensitive land. In the rare event that they are constructed on or near these spaces there are strict measurements in place to minimize it's impact to the surrounding areas.
2.Existing Ecology is Enhanced
Existing plant life is typically restored with the construction of green buildings. A common way to enhance the existing ecology is by constructing green roofs. Green roofs allow for better stormwater management, purified air and regulate indoor temperatures.
3. Reduce Emissions
It's no secret that Green Buildings generate less greenhouse gas. The reduced use of energy leads to a significant reduction in a buildings overall carbon footprint and can make a building net positive on the environment.
4. Good Indoor Environmental Quality (IEQ)
IEQ is simply just the conditions inside the building but improving IEQ takes a sustainable design and sometimes a holistic approach. IEQ is not just air quality or temperature and builders need to think about all aspects of IEQ when designing a green building. Think about things like; access to daylight, controlling excess noise pollution, functional layouts, lighting control and building cleanliness. This leads to better health for everyone.
5.Green Communities Focused on Suitability
Green communities provide a wealth of benefits to its residents and the environment. Green communities produce cleaner air and reduce the impact of smog and pollution. Sustainable communities make use of community gardens that grow organic produce which lowers grocery bills and they rely on recycled materials which lowers their carbon footprint. A huge focus for green communities is access to green spaces which leads to increased fitness levels in its residents and improved mental health.
The green industry is changing the construction game and will continue to do for the next several years. The demand for green buildings will continue to rise and it shows that we can work together collectively to meet our standard of living needs without depleting our resources or endangering the environment. #HelloGreen