Green Building Opportunities – An Expert’s View about Construction Materials in Thailand

Summary: Commercial property, specifically office buildings in the central business district of Bangkok, offers the best demand potential for U.S. green building exports. There are some 345 buildings in Bangkok’s central business district. Most of these buildings were built in the 1980s and 1990s in response to the peak demand for office space that resulted from the economic boom of the early 1990s. These buildings are now requiring renovation to maintain their value. Many owners of these high-valued properties are expected to include environmentally sustainable features in their renovations. Green features are becoming necessary components to attract a growing number of global businesses in Thailand that are adopting green credentials as one of their critical CSR components.

Industry surveys indicate that Bangkok has 1,600 buildings with floor space greater than 2,000 square meters. These buildings include hospitals, educational institutions, offices, condominiums, hotels, cinemas, and shopping complexes. These commercial and residential properties will increasingly employ energy efficient products and technologies in their properties as their energy costs increase. Thus, the projection for the medium and long-term markets for green building products and technologies is positive.

Scope: Thailand
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