Report Code: A12602 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sustainable Construction Market
Request Now !The term sustainable construction means using renewable and recyclable materials in building new structures, as well as decreasing energy consumption and waste. The major goal of sustainable construction is to reduce the industry’s adverse impact on the environment. It does not end when the building is complete; the building itself should have a reduced impact on the environment all over its lifespan. This means that the design of the building should include elements that have an ongoing positive influence on the environmental impact of the building.
Market scope and structure analysis
Rise in growth of infrastructural development projects, especially in the developing economies, drives the growth of the sustainable construction market to a greater extent. Surge in use of project management technology, eco-friendly building materials, and green manufacturing techniques are few of the ways in which construction is moving toward maintaining an environmental, ecological, and economical sustainability. Sustainable construction, also known as green building, has numerous benefits for not only the environment as a whole but also for builders and their clients to be specific. The reduction in construction waste is also an advantageous side effect in building sustainable buildings. Sustainable materials have found an extensive acceptance in the construction industry for different types of applications such as insulation, roofing, framing, interior finishing, and exterior siding for the residential and non-residential purposes. The demand for sustainable materials is on a constant rise and is anticipated to grow in the forthcoming years as the sustainable materials are effectively replacing the conventional materials and are also being preferred in today's construction industry. However sustainable construction comes at a premium range and the cost is also higher than the demand, despite the contrary exists as the evidence, which limits the market growth.
COVID-19 impact analysis
Top impacting factors
Numerous type of applications due to their emission reduction potential, building rating systems, strict governmental regulations and emission control standards, and investment on a large-scale by Government and federal agencies are the factors that boost the growth of the market. There is an increase in the demand for green buildings in the industrial sector and is expected to propel due to low operating and maintenance costs. Increased demand for energy-efficient technologies impact the market demand. The segment is anticipated to grow with a significant CAGR during the forecast period. The Southeast Asian region is observing significant growth in applying sustainable construction standards, because of the rise in concerns over environmental deterioration and national energy security in various nations, including Hong Kong, Thailand, Singapore, Malaysia, and Indonesia.
Market trends
Key benefits of the report
Sustainable Construction Market Report Highlights
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Key Market Players | The Turner Corp.,, Florbo International SA,, Bauder ltd.,, Hensel Phelps,, Gilbane Building company,, The Whiting- Turner Contracting Company, Alumasc Group Plc,, Clark Group, |
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