Green building materials are prominent because they are lead-free. These materials may also lessen the entire expenditure of buildings both in terms of construction expenditures and energy consumption. Contractors and construction workers find that they do not have to utilize as much turpentine and lead reliant paints when they utilize the green building materials. Green building materials also deliver the natural lighting to buildings. Hence, owners can save millions in terms of energy expenditures.
According to the report analysis, ‘Malaysia Green Buildings Industry Outlook to 2018 – Rising Energy Costs and Depleting Natural Resources to Drive Sustainable Development’ states that Malaysia is a dynamic economy which has been sprouting continuously over the years. It is a middle income country and has transmuted itself since 1970s from a manufacturer of raw materials into a auspicious multi-sector economy spurred by the high technology, knowledge-based and capital intensive industries. Malaysia’s reliance on non-renewable source of energy is growing with the augmenting population and urbanization around the country. Malaysia, in recognizing the problems of climate change and energy security, has taken the step to encourage the Green Technology (GT) as part of the solution. It is predicted that the promotion of green technology would amenities the achievement of Malaysia’s commitment to approve an indicator of a voluntary deduction of up to 40% in terms of emissions intensity of GDP by the year 2020 associated to 2005 levels. Green technology will be one of the emerging drivers of economic growth for the country to accomplish high-income status while addressing the imperious issue of the sustainability.
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At Ken Research, the Malaysia Green Buildings Market presents a wide-ranging analysis of the industry covering aspects comprising how green buildings advance business, foremost drivers, constraints and worth chain of green buildings industry, construction spending in Malaysia, market size by number of recorded and certified green buildings, gross floor area, market segmentation by ratings, by states, forms of buildings. The report also necessitates a detailed analysis of key developments in the industry, environmental impression and technology analysis of green buildings. A brief snapshot of green buildings industry around dissimilar economies of the world has been encompassed in the report.
Not only has this, due to the growing rate of urbanization, the realty segment is predicted to observe a flourishing growth. The growing initiatives of the government in the field of green development will also deliver a robust impetus to the growth of green architecture in the country during the future. Consequently, the aim of green building construction is ever-changing from new building design and construction to greening prevailing buildings.
Most individuals across the Malaysia are concerned about the environment. They are also concerned about the effects of pollution on the environment. The masses are pressuring their legal authorities to take action. Most legal authorities around the Malaysia are responding. They are passing rules and regulations that demand contractors and developers to utilize the eco-friendly materials and solutions in their building. This aspect has been a foremost driver for Malaysia green building market growth.
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Malaysia Green Building Market Future Outlook
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