According to a study by Verified Market Research, the worldwide market for green building construction materials would grow from its 2020 valuation of USD 256.51 billion to USD 653.41 billion by 2028.
Green construction, also known as sustainable construction or green building, is a comprehensive approach to building design, construction, operation, and maintenance that emphasises environmental sustainability and resource efficiency throughout the building’s entire lifecycle.
This approach prioritises the use of sustainable materials, energy-efficient systems, and eco-friendly practices to mitigate the building’s impact on the environment while also promoting occupant health and well-being. Green construction involves utilising renewable energy sources like solar and wind power, implementing water conservation strategies, and integrating natural lighting and ventilation systems.
Beyond its environmental benefits, green construction can also lead to the following:
- Reduction in operating costs
- Improved indoor air quality
- Increased overall building value
Top Countries Leading Green Construction
Recent assessments place the United States, China, Canada, and India in the top four nations with the most eco-friendly construction. Below are the numbers of buildings in each country that used green construction, along with some notable structures:
- US: 69,000 (Seattle Union Station, Banner Bank Building in Boise, One Bryant Park)
- China: 5,678 (Shanghai Towers, Bamboo Town in Baoxi, Pearl River Town in Guangzhou)
- Canada: 3,010 (Bibliothèque du Boisé, BC Passive House Factory, Windsor Park Net Zero House)
- India: 2,246 (Suzlon One Earth in Pune, Patni (i-GATE) Knowledge Center in Noida, and Olympia Tech Park in Chennai)
Australia Embraces Green Initiatives
Meanwhile, The Green Building Council of Australia has certified more than 600 buildings around the country. Additionally, Australia is at the forefront of rooftop solar power adoption worldwide, with more than 3 million rooftop solar PV system installations as of January 2022.
Sustainable Construction By Perth Commercial Builders
Chest Constructions, with over 25 years of experience, is a highly regarded builder in Western Australia, known for delivering sustainable projects in mining, business, and medical sectors. Our team takes pride in offering a complete project solution, including in-house services for drafting, costings, and approvals, to optimise the client experience.