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2
ONE AMBITION: TO IMPROVE THE WELL-BEING OF ALL
2. Creating great living places
29
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
Creating great living places
2.
GLOBAL PROSPECTS FOR THE CONSTRUCTION MARKET
2.1
represent over half the market value. With an annual growth
rate of +3.9% projected over 2015-2030, the construction
market will exceed annual global GDP growth by more than
one percentage point.
Saint-Gobain’s largest market, construction, offers
considerable growth prospects worldwide on the 2030
horizon
(1)
. Construction volume is thus expected to increase
by 85% by 2030, to achieving a total of $15,500 billion
worldwide. China, the United States and India alone will
countries is also expected to continue growing, particularly in
the African market.
Chinese construction, affected by the slowing economy and
aging population, is expected to see its growth slow over the
2030 horizon, while keeping its place as global market leader,
which it has held since 2010. The Indian market is projected to
grow twice as fast as China’s and is expected to overtake
Japan in 2021 to become the world’s third-largest
construction market. The need for infrastructure in emerging
expected to rebound after several years of crisis. The
expected growth rates of construction in the United States
over the next 15 years is approaching 5%, a figure higher than
growth estimates in the Chinese market.
Among developed countries, the construction sector is
In Western Europe, the new construction market is not
expected to regain its levels from before the crisis until 2025.
This trend, however, will be compensated by the renovation
market, which represented nearly 40%. Currently, 75% of
renovation work in accordance with European provisions.
will therefore be stimulated by increasing energy efficiency
requirements, on the one hand, which are increasingly
reflected in regulatory changes, and on the other hand, by
increasing demand for comfort in buildings. 90 billion dollars
were thus invested worldwide in energy renovation work in
2014, a figure that is expected to exceed $125 billion by
2020
(3)
, through the development of energy policies. In
France, the energy transition law passed in July 2015 defines
a framework favorable to the acceleration of energy
European buildings have been constructed before the
implementation of energy efficiency standards
(2)
. Renovation
SUSTAINABLE CONSTRUCTION FOR THE FUTURE OF ALL
2.2
(insulation glazing and thermal insulation solutions), in a
context where buildings must reduce CO
2
emissions by 84
gigatons by 2050 to limit global warming to under +2°C.
The building sector is engaged in an in-depth process of
transformation, fostered particularly by increasingly
demanding thermal regulations that enable the Group to
promote and deploy its line of energy efficiency solutions
In recent years, a more global approach has emerged,
incorporating not only energy aspects but also the other
major challenges of sustainable development: sustainable
construction. At each stage of its life cycle, a building
designed, built or renovated and managed sustainably
improves comfort and quality of life, limits the consumption
of natural resources, reduces negative effects on the
environment and increases value added for all stakeholders.
This trend towards more sustainable construction is already
clearly visible and is in particular reflected by rapid growth in
the number of certified buildings throughout the world. As
such, between April 2014 and August 2016, the number of
square meters certified under LEED (Leadership in Energy
and Environmental Design) rose from 280 million to
1,500 million. This development is also beginning to be
reflected in state regulations and policies.
for differentiation based on its unique portfolio of innovative,
sustainable solutions for construction and renovation markets
that promote the development of energy-efficient,
comfortable, healthy and attractive buildings, and conserve
natural resources.
This underlying trend offers the Group a major opportunity
There are two pillars to the Group’s sustainable construction
strategy:
promoting sustainable construction so that it becomes
standard practice for the sector. To achieve this, the Group
strives to lead by example, engaging with other leaders in
the sector to speed up its transformation;
developing and distributing sustainable solutions so that
the Group can realize the full potential of the growth in the
sustainable construction market. This calls for innovation
and for management of the product portfolio, the circular
economy, information and training for players in the
market (see chapter 2, section 2.4).
Global Construction 2030, Global Construction Perspectives & Oxford Economics, 2015.
(1)
RESIDE: Boosting innovation in the European building Refurbishment sector through roadmaps for demand SIDE policy measures, 2015.
(2)
Energy Efficiency Market Report 2016, IEA, 2016.
(3)