Demand for sustainable buildings worldwide continues to rise, with growth anticipated in emerging economies including Brazil, India, Saudi Arabia, and South Africa. That's according to a new report from the U.S. Green Building Council and Dodge Data Analytics that polled respondents in more than 70 countries to assess the size of the market their for green projects and materials. The World Green Building Trends 2016 SmartMarket Report forecasts that the market for sustainable materials is expected to reach $234 billion in 2019. Additionally, respondents reported that more than six in 10 projects will be green by 2018, with continued expansion in developed countries like the U.S., Germany, and the United Kingdom.
Meanwhile, the argument for cost-savings associated with sustainable construction continues to become more pronounced, with respondents expecting a 14 percent operational cost savings over five years for new construction and 13 percent savings over the same period for retrofits and renovations.
Read the full report here.
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