Energy Efficient Material Market | China National Materials Group Corp., Fiber Glass Industries Inc., Guardian Building Products

Applying environmentally responsible procedures in all phases of a building’s life cycle, right from demolition to maintenance, can be beneficial in terms of durability, economy, comfort, and utility. Furthermore, components of green building do not release harmful toxins in the atmosphere, which make it a more sustainable alternative to conventional manufacturing methods. The building sector is responsible for a considerable amount of global emissions, which are expected to increase if viable building techniques are not adopted over the next few years.

Opting for green building practices such as using fiber glass, rock and slag wool material for insulation purposes can be highly favourable, as manufacturing these materials does not require energy, and its maintenance costs are also minimal. Such insulation methods can significantly reduce cooling and heating costs which currently account for around 40% of an average American family’s utility bill. Furthermore, rock, fibre glass and wool can be reused.

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Regions such as North America and Europe are expected to be the largest markets owing to the colder climate in the region which requires effective window insulations and lighting systems. Furthermore, incentives and tax credits provided by governments in the EU and in the U.S. for energy efficient materials are projected to account for a major market share in the energy efficient material market in Europe and North America.

Increasing awareness of sustainable living and energy efficiency in the Asia Pacific region are likely to benefit the market growth in the region. Moreover, rapid industrialization and increasing gross domestic product (GDP) in countries in South America, Middle East, and Africa are projected to result in considerable demand for energy efficient products in these geographies.

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Key Development

Key players in the global energy efficient materials market are launching new products, merger & acquisition, partnership and other strategies to cater growing demand for energy efficient materials. For instance, 3A Composites Core Materials, a manufacturer of sustainable and high performing materials, launched BALTEK SealX which reduces uptake of resins by rigid panels by 80% and that of flexible panels by 50%.

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