Foamex - Innovative Polystyrene

Latest News

Australian green building market set to flourish

AdobeStock 118759388

Australia currently has one of the most active green building markets in the world, and the level of activity is expected to grow over the next three years to 2021.

That’s the key takeaway from the recently released World Green Building Trends 2018 SmartMarket Report [1], produced by US-based Dodge Data & Analytics and released in late 2018.

The report, based on a global survey of more than 2,000 industry participants including architects, engineers, contractors, owners, specialists/consultants and investors from 86 countries, sought to analyse:

  • the level of green activity;
  • the impact of green building practices on business operations; and
  • the triggers most likely to spur further green market growth and the challenges that may impede it.

In Australia and New Zealand, the top sector for future green building is new commercial buildings, with the top triggers being client and market demands. The report notes that Australia is notably higher than the global average for each of these factors, which demonstrates the sway clients and market demands have on encouraging the green building market in Australia.

The other top triggers for green building growth in Australia were “doing the right thing” and “healthier buildings”, while the influence of environmental regulations was slightly lower than the global average.

While the report anticipates sustained growth in Australia’s green building market over the coming years, it also notes that cost concerns continue to nag the local market.

What’s behind green building growth in Australia?

Below are the key Australian takeaways and statistics from the report.

  • Australia has a relatively mature green building market: 94 per cent of survey respondents do at least “some” green building projects, and 67 per cent reported a “moderate” level of green activity.
  • Green building on the rise: 46 per cent of survey respondents are doing the majority (60 per cent or more) of their projects green, the highest of all the 20 countries surveyed. And 64 per cent of respondents expect to be doing the majority of their projects green by 2021.
  • Green renovations popular: 39 per cent of survey respondents expect to do green institutional projects, while 37 per cent expect to perform green renovations on existing buildings. Both numbers are higher (30 per cent and 33 per cent, respectively) than when this survey was last conducted in 2015.
  • Green residential projects fluctuate: 25 per cent of survey respondents will do green low-rise residential projects over the next three years (down from 39 per cent in 2015), while 33 per cent expect to do green high-rise residential projects (up from 24 per cent in 2015).
  • The key social reasons for building green: Improving occupant health and wellbeing (75 per cent), sustainable business practices (70 per cent), increasing worker productivity (59 per cent), and creating a sense of community (58 per cent).
  • The key environmental reasons for building green: Reducing energy consumption (57 per cent), greenhouse gas reductions (48 per cent).
  • The business benefits of going green: Australian respondents expect an average of 9 per cent operating cost reductions in the first 12 months for a new green building. That number jumps to 11 per cent for a green retrofit building.

 

Want help with going green?

A proud member of the EPSA, Foamex is Australia’s national industry leader in the development of new and innovative uses for expanded polystyrene and extruded polystyrene for commercial and residential purposes. With offices in four capital cities and 36 years in business, we have strong relationships with builders, engineers, architects, designers, and specifiers all across the country. Contact your nearest Foamex office now to find out how we can support your next project selection of environmentally friend polystyrene insulation building products.

20161103 135247

  1. https://www.worldgbc.org/news-media/world-green-building-trends-2018-smartmarket-report-publication>
ENERGY ASSESSMENT & ENVIRONMENTALLY FRIENDLY MANUF...
Get summer ready with polystyrene home insulation
blog heading
15 March 2019
 The interesting similarity between the econo...
22 February 2019
Australia currently has one of the most active gre...
04 December 2018
Another typically scorching Aussie summer is just ...