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Sustainable Materials in the Construction Industry: A $5.5 Billion Market Waiting to be Explored
The Indian construction industry is expecting to see a growth of 6.6% annually, with reports indicating that 70% of India’s buildings are yet to be built. Construction and related manufacturing activities have typically contributed to about 25% of the nation’s carbon emissions and this figure is only expected to rise in the future.
While improving energy and resource efficiency of manufacturing processes is the most frequently suggested solution, using alternative Sustainable Materials may prove to have a larger impact on reducing environmental impact of construction activities.
Sustainability Outlook’s research indicates that the use of sustainable materials in the construction industry has a large market, particularly in the case of products like sustainable bricks and recycled aggregates which present a great potential market in India.
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