CLEVELAND, OH — In 2008 the U.S. market for green building materials generated sales of almost $57 billion, says a study from the Freedonia Group Inc., a Cleveland-based industry research firm, according to IndustryWeek. This market is projected to expand 7.2% annually to over $80 billion in 2013, outpacing the growth of building construction expenditures over that period.
Forest Stewardship Council (FSC)-certified lumber and wood panels are expected to be the fastest growing green products, albeit from small bases. FSC-certified products are produced via environmentally responsible and socially beneficial forestry practices. As the supply of FSC-certified wood grows, demand for FSC-certified wood panels is projected to more than triple between 2008 and 2013, growing more than three times as fast as the overall market for wood panels.
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