March 26, 2013 Leave a comment
U.S. demand to post double-digit gains through 2017
Through 2017, a rebound in construction activity, combined with continuing consumer interest in environmentally friendly products, will propel US growth in green building materials demand 11 percent annually to $86.6 billion. US construction activity declined sharply during much of the 2007-2012 period, but demand for green building materials held its own, boosted by consumer interest in products that could reduce utility bills or promote environmentally friendly construction practices. For instance, homeowners installed ENERGY STAR-certified windows and heating, ventilation, and air conditioning (HVAC) systems to lower energy costs and reduce energy consumption.
Builders, architects coming to grips with LEED system
For purposes of this study, green building materials are defined as those products that can be used to earn credits toward certification in any of the Leadership in Energy and Environmental Design (LEED) rating systems extant as of February 2013. These materials do not necessarily have to be installed in buildings where LEED accreditation is being sought to be considered green materials. Over the forecast period, builders and architects will increasingly opt to earn high levels of LEED certification by specifying the use of materials that earn LEED points. Lumber harvested in a sustainable manner can contribute to LEED certification, and is forecasted to exhibit demand gains.
Details on these and other findings are contained in Green Building Materials, an upcoming Freedonia industry study available for $5100. It presents historical demand data for 2002, 2007 and 2012, as well as forecasts for 2017 and 2022 by product, market, and region of the US.
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LEED Credits available through Lamboo integration
Incorporating Lamboo (LVB) Laminated Veneer Bamboo into projects can earn LEED (Leadership in Energy and Environmental Design) certification under the following:
Learn more about our certifications here.
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