Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC056869 | Publication Date: Nov 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Asia Pacific Construction Materials Market report thoroughly covers the market by countries, by product type, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific Construction Materials Market has been growing steadily for many years now. The construction materials market in this region is expected to maintain its growth momentum in the coming years. This growth can be attributed to several drivers that impact the market. one of the major drivers is governments and private organizations are investing heavily in the development of smart cities, which is expected to boost the demand for eco-friendly building materials, which in turn estimated to leave a positive impact on the Asia Pacific Construction Materials industry.
According to 6Wresearch, the Asia Pacific Construction Materials Market size is projected to grow at a CAGR of 8.6% during the forecast period 2024-2030. One of the major drivers is the growth in the infrastructure sector. Rapid urbanization and population growth have led to an increase in construction activity across the region, and this trend is expected to continue for the foreseeable future. The increasing demand for energy-efficient and sustainable buildings is also driving growth in the construction materials market. On the other side, market faces some challenges, including the lack of infrastructure in some areas. This makes it difficult to transport construction materials to the construction site, which can result in delays and increased costs. Another challenge is the lack of skilled labor and quality control in some areas.
This can lead to lower quality construction, which can result in safety issues and building failure. However, ongoing trends are opening the opportunities for the Asia Pacific Construction Materials Market growth. One of the significant trends is the focus on eco-friendly and sustainable construction. Green buildings are gaining popularity, and there is an increasing demand for materials that can help reduce carbon footprint. Materials that are made of recycled materials, such as recycled steel and wood, are becoming more prevalent, as well as materials that are designed to improve energy efficiency, such as insulated glass and energy-efficient doors and windows.
Governments in the Asia Pacific region is taking steps to foster growth in the construction industry, which will simultaneously increase the Asia Pacific Construction Materials Market share. Several countries have announced significant infrastructure development plans, and there are ongoing efforts to improve the quality of construction. The Chinese government, for example, launched the "Green Building Action Plan" in 2018, which aims to promote the development of green buildings and accelerate the use of renewable energy in the construction industry.
The Asia-Pacific construction materials market is dominated by a number of key players who supply a wide range of construction materials including cement, aggregates, and concrete. Some of the key players in the market include:
According to Shivankar, Research Manager, 6Wresearch, India is the only country in the region that is experiencing maaive growth. The country's government's vision of building smart cities and affordable housing has led to an increase in construction activities.
Based on application, the residential sector is the fastest-growing segment in the Asia Pacific Construction Materials Market, mainly driven by rising population growth, rising income levels, and government policies.
Based on the product type, it is difficult to say which material is leading, as all four material types have a huge demand in the market, depending on the application.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Construction Materials Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Construction Materials Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Construction Materials Market - Industry Life Cycle |
3.4 Asia Pacific Construction Materials Market - Porter's Five Forces |
3.5 Asia Pacific Construction Materials Market Revenues & Volume Share, By Countries, 2023 & 2030F |
3.6 Asia Pacific Construction Materials Market Revenues & Volume Share, By Product type, 2023 & 2030F |
3.7 Asia Pacific Construction Materials Market Revenues & Volume Share, By Application, 2023 & 2030F |
4 Asia Pacific Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Construction Materials Market Trends |
6 Asia Pacific Construction Materials Market, 2020 - 2030 |
6.1 Asia Pacific Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
6.2 Asia Pacific Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
7 China Construction Materials Market, 2020 - 2030 |
7.1 China Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
7.2 China Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
8 India Construction Materials Market, 2020 - 2030 |
8.1 India Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
8.2 India Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
9 Japan Construction Materials Market, 2020 - 2030 |
9.1 Japan Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
9.2 Japan Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Australia Construction Materials Market, 2020 - 2030 |
10.1 Australia Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
10.2 Australia Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Indonesia Construction Materials Market, 2020 - 2030 |
11.1 Indonesia Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
11.2 Indonesia Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
12 Philippines Construction Materials Market, 2020 - 2030 |
12.1 Philippines Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
12.2 Philippines Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
13 Thailand Construction Materials Market, 2020 - 2030 |
13.1 Thailand Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
13.2 Thailand Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
14 Malaysia Construction Materials Market, 2020 - 2030 |
14.1 Malaysia Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
14.2 Malaysia Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
15 Singapore Construction Materials Market, 2020 - 2030 |
16 Rest of Asia Construction Materials Market, 2020 - 2030 |
16.1 Rest of Asia Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
16.2 Rest of Asia Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
17 Asia Pacific Construction Materials Market Key Performance Indicators |
18 Asia Pacific Construction Materials Market - Opportunity Assessment |
18.1 Asia Pacific Construction Materials Market Opportunity Assessment, By Countries, 2023 & 2030F |
18.2 Asia Pacific Construction Materials Market Opportunity Assessment, By Product type , 2023 & 2030F |
18.3 Asia Pacific Construction Materials Market Opportunity Assessment, By Application, 2023 & 2030F |
19 Asia Pacific Construction Materials Market - Competitive Landscape |
19.1 Asia Pacific Construction Materials Market Revenue Share, By Companies, 2023 |
19.2 Asia Pacific Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |