The Global Construction Materials Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Construction Materials Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
Construction materials are various materials deployed in the establishment of roads, buildings, bridges, and other infrastructure. Each material possesses unique characteristics and attributes, making it suitable for multiple types of construction projects. The market’s growth can be credited to the growing disposable income of the public, which has led to the expansion of property ownership, further supporting the need for property investments.
Fortune Business Insights™ provides this information in its research report, titled "Construction Materials Market, 2025-2032".
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Forecast Growth Projected:
The global construction materials market size was valued at USD 1,320.01 billion in 2023 and is projected to grow from USD 1,369.86 billion in 2024 to USD 1,867.16 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period.
Segmentation:
By Material Type:
The market is segmented into aggregates, cement, bricks & blocks, metals, and others. The aggregates segment led in 2023, driven by rising infrastructure development, urbanization, and renovation activities across residential and commercial projects. Demand is further fueled by tourism growth and the need for modern offices and malls.
By End-user:
Segments include residential, commercial, infrastructure, and industrial. The residential sector is expected to grow significantly, supported by rising incomes, urban migration, and government housing initiatives like India’s PMAY, which promotes affordable housing through financial support schemes.
List of the Key Players in the Construction Materials Market:
- China National Building Material Co., Ltd. (China)
- CRH PLC (Ireland)
- LafargeHolcim Ltd. (Switzerland)
- BBMG Corporation Ltd. (China)
- HeidelbergCement AG (Germany)
- CEMEX S.A.B. de C.V. (Mexico)
- Knauf Gips KG (Germany)
- Lixil Group Corporation (Japan)
- Anhui Conch Cement Co., Ltd. (China)
- Boral Limited (Australia)
Drivers and Restraints:
Favorable Government Initiatives to Propel Industry Expansion
The major aspects propelling the construction materials market growth are increased urbanization and rapid expansion of remote areas. Various governments are considering smarter ways for the management of traffic complexities, improving the quality of life, and enhancing efficiencies.
Regional Insights:
Asia Pacific to Emerge as Leading Region Owing to Increasing Infrastructural Activities
The Asia Pacific construction materials market share is slated to depict considerable expansion over the forecast period. The rise is on account of an escalation in infrastructural activities in the region.
The North America market is set to exhibit notable growth throughout the projected period. The surge is driven by increasing dependence of the U.S. construction sector on supplies of aluminum, copper, and fixtures from other countries.
Competitive Landscape:
Major Industry Players Roll Out New Products to Strengthen Market Foothold
Key market participants ink collaborative deals and agreements for the purpose of strengthening industry footing. Furthermore, several companies design a range of strategies for boosting the business scenario. Some of the initiatives comprise acquisitions, mergers, and the launch of new products.
Key Industry Development:
January 2023 – Holcim acquired Chrono Chape, a top provider of self-leveling screeds in France, enhancing its innovation and efficiency through a strong ready-mix concrete network.
June 2022 – CRH plc agreed to acquire Barrette Outdoor Living for USD 1.9 billion, aiming to boost shareholder value by expanding its presence in North America's residential fencing and railing market.
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