Market Forecast By Regions (North America, Latin America, Middle East, Africa, Asia Pacific and Europe), By Product Type (Construction Aggregates, Concrete Bricks, Cement, Construction Metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC060850 | Publication Date: Jul 2021 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
The Global Construction Materials Market report thoroughly covers the market by region, by product type, and application. 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.
The global construction materials market is evolving rapidly, influenced by various growing aspects such as urbanization, infrastructure development, rising global population, and increased focus on sustainability and energy efficiency. The market encompasses a wide range of materials like cement, concrete, steel, timber, insulation, and roofing, among others, which are used for various construction applications, including commercial, residential, and industrial. These are some drivers proliferating the growth of the Global Construction Materials industry.
According to 6Wresearch, the Global Construction Materials Market size is estimated to grow at a CAGR of 4.4% during the forecast period 2024-2030. The market growth is driven by the growth in construction activities, rising urbanization, and infrastructure development. The construction sector is also the key driver of the economic growth of any country. In addition, factors such as population growth, rapid industrialization, and increased awareness of environmental sustainability have contributed to the growth of the construction materials market. Technological innovations, automation, and the growing use of prefabricated construction materials are also driving Global Construction Materials market growth. However, the market faces some challenges that can hamper its growth such as the high cost of production and transportation of materials.
In addition to this, quality assurance, safety, and regulations, require compliance with local and international standards. Furthermore, there is a challenge of raw material scarcity, especially for materials such as sand, which are being overexploited in many parts of the world. Despite these challenges market still has a huge scope to grow underpinned by some ongoing trends such as the increasing focus on sustainability and energy efficiency. The adoption of green building practices is on the rise, driven by the need to reduce carbon emissions and comply with environmental regulations. Furthermore, there is a growing trend towards the use of recycled materials such as bricks, metals, and concrete, which is promoting the circular economy and Global Construction Materials market share.
Governments across the world are increasingly adopting policies and initiatives to promote sustainability and energy efficiency in the construction materials market. For instance, the European Union has launched the European Green Deal, a roadmap for making Europe's economy sustainable, including its construction sector. In India, the government has launched the Pradhan Mantri Awas Yojana to provide affordable housing to all citizens by 2022. All these initiatives are favourably impacting increasing Global Construction Materials Market revenue.
The construction materials market is highly fragmented and competitive, with several global and regional players operating in the market. Some of the key players in the market include LafargeHolcim, CRH plc, HeidelbergCement AG, China National Building Material Company, and Saint Gobain. These players are constantly innovating and launching new products and solutions to meet the evolving demands of the market.
According to Dhaval, Research Manager, 6Wresearch, Asia Pacific is experiencing massive growth in the construction materials market. The region's high GDP growth and government initiatives aimed at infrastructure development have contributed to the growth. With the proliferation of the construction materials marketplace, we believe opportunities are abundant for manufacturers and buyers.
Based on the application, the industrial sector is promising massive growth in the global construction materials market. With the increasing demand for logistics services, e-commerce, and manufacturing, the need for warehouses, factories, and other industrial properties has surged tremendously.
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 Global Construction Materials Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Construction Materials Market Revenues & Volume, 2020 & 2030F |
3.3 Global Construction Materials Market - Industry Life Cycle |
3.4 Global Construction Materials Market - Porter's Five Forces |
3.5 Global Construction Materials Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Global Construction Materials Market Revenues & Volume Share, By Product type, 2020 & 2030F |
3.7 Global Construction Materials Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Global Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Construction Materials Market Trends |
6 Global Construction Materials Market, 2020 - 2030 |
6.1 Global Construction Materials Market, Revenues & Volume, By Product type, 2020 - 2030 |
6.2 Global Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
7 Europe Construction Materials Market, 2020 - 2030 |
7.1 Europe Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
7.2 Europe Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
8 North America Construction Materials Market, 2020 - 2030 |
8.1 North America Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
8.2 North America Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
9 Latin America Construction Materials Market, 2020 - 2030 |
9.1 Latin America Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
9.2 Latin America Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Middle East Construction Materials Market, 2020 - 2030 |
10.1 Middle East Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
10.2 Middle East Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Africa Construction Materials Market, 2020 - 2030 |
11.1 Africa Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
11.2 Africa Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
12 Asia Pacific Construction Materials Market, 2020 - 2030 |
12.1 Asia Pacific Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
12.2 Asia Pacific Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
13 Global Construction Materials Market, 2020 - 2030 |
13.1 Global Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
13.2 Global Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
14 Global Construction Materials Market Key Performance Indicators |
15 Global Construction Materials Market - Opportunity Assessment |
15.1 Global Construction Materials Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Global Construction Materials Market Opportunity Assessment, By Product type , 2020 & 2030F |
15.3 Global Construction Materials Market Opportunity Assessment, By Application, 2020 & 2030F |
16 Global Construction Materials Market - Competitive Landscape |
16.1 Global Construction Materials Market Revenue Share, By Companies, 2022 |
16.2 Global Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |