Green Building Market grew 12.8% in 2014

Friday 20 Nov 2015

 
The Green building market witnessed a healthy growth of 12.81 percent in 2014. The growth is driven by rise in green building construction and government initiatives promoting sustainable environment propelling the growth.

The green building materials market is witnessing an increase in the adoption from the healthcare segment, and although it is still in the nascent stage in the APAC region, Europe and the Americas emerged as the early adopters of green building materials.

According to the recently completed Global Construction Waste Management Market 2015-2019 report, many countries, notably the US, Singapore, India, Australia, France, and Malaysia, have framed policies to support green building construction.

Increased demand for green building materials has also been witnessed in the commercial and office buildings and residential buildings segments. The major factor contributing to this demand is rising awareness about the benefits of green buildings, which in turn is driving investment in green commercial building construction.

The tax benefits offered by the governments of various countries to encourage construction of green buildings will foster demand for green building materials during the forecast period, the report said.

Source: greentechlead.com

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