Construction Materials Market By Material Type (Aggregates, Cement, Bricks and Blocks, Metals, Others), By End-use (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032
The construction materials market was valued at $1.2 trillion in 2022, and is projected to reach $1.7 trillion by 2032, growing at a CAGR of 3.8% from 2023 to 2032.
Construction materials are the substances used for the building of an infrastructure. The buildings are made from a broad range of naturally occurring materials, such as wood, pebbles, clays, sand, roots and leaves. Bricks, cement, corroding additives, concrete, timber, ceramic, steel, recycled materials, polymers, glass fibers, rammed earth, bamboo, bituminous material and advanced building materials are among the major raw materials used for construction.
The demand for affordable housing is expected to propel market growth during the forecast period. In many regions, there is a shortage of housing units, leading to increased construction activity and construction materials demand. Besides, as economies grow, the demand for commercial spaces such as offices, shopping malls, and entertainment complexes increases, leading to higher consumption of construction materials. Also, the development of smart cities and intelligent infrastructure necessitates the integration of advanced materials for energy-efficient buildings, data communication, and sensors.
In addition, the growth of industries such as manufacturing, logistics, and warehousing requires construction of new industrial facilities, driving the demand for construction materials. However, the cost fluctuation associated with construction materials is expected to act as a major restraint for market growth. Nevertheless, growing demand for green construction materials is expected to offer lucrative market growth opportunities in coming years.
The construction materials market is segmented on the basis of material type, end-use, and region. By material type, the market is categorized into aggregates, cement, bricks and blocks, metals, and others. By end-use, the construction materials market is classified into residential, commercial, and industrial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players in the construction materials industry include Ambuja Cements Ltd; ArcelorMittal; Grasim Industries Limited; LIXIL Corporation; Sika AG; CRH; Knauf Digital GmbH; CEMEX, S.A.B. de C.V.; Holcim; and Boral.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction materials market analysis from 2022 to 2032 to identify the prevailing construction materials market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the construction materials market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global construction materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Material TypeAggregates
Cement
Bricks and Blocks
Metals
Others
By End-useResidential
Commercial
Industrial
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
ArcelorMittal
Grasim Industries Limited
Sika AG
Boral
Knauf Digital GmbH
Ambuja Cements Ltd
LIXIL Corporation
CRH
Holcim
CEMEX, S.A.B. de C.V.
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