The global construction materials market is estimated to be valued at USD 1.47 Tn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Construction materials refer to the raw materials that are used in the construction and building industry for various types of structures. Concrete, cement, and aggregates form a bulk of the construction materials and find widespread application in building highways, roads, bridges, buildings, and other infrastructure projects. Favorable government initiatives towards infrastructure development and rising investments in commercial and residential construction projects are some of the key factors driving the demand for construction materials worldwide. However, fluctuations in raw material prices and stringent environmental regulations restricting the use of certain materials may hamper the market growth to some extent over the coming years.
Market Dynamics:
The global construction materials market is primarily driven by factors such as rapid urbanization, growing population, rising disposable income, and favorable government policies promoting infrastructure development projects. Rapid urbanization has resulted in tremendous growth in residential, commercial, and industrial construction activities. In addition, growing government investments towards upgrading public infrastructure, such as roads, railways, airports, bridges, and dams, is augmenting the consumption of construction materials. However, fluctuations in raw material prices remain a key challenge for market players as it adds to production cost uncertainties. Nonetheless, increasing investments in green building projects and recycled construction materials present lucrative opportunities in the forthcoming years.
Key Features of the Study:
- This report provides in-depth analysis of the global construction materials market and provides market size (US$ Tn) and compound annual growth rate (CAGR%) for the forecast period 2024-2031, considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global construction materials market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include LafargeHolcim, HeidelbergCement, CRH plc, Cemex S.A.B. de C.V., Martin Marietta Materials, Inc., Boral Limited, Lehigh Hanson, Inc., Saint-Gobain, Taiheiyo Cement Corporation, Groupe Eiffage, China National Building Material Group Corporation, Anhui Conch Cement Company, UltraTech Cement Limited, James Hardie Industries plc, Knauf GIPS KG, Kiewit Corporation, Sika AG, Fletcher Building Limited, BASF SE, and Ytong (Xella Group)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global construction materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global construction materials market
Detailed Segmentation-
- By Material Type Insights (Revenue, USD Tn, 2019 - 2031)
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- Cement
- Aggregates
- Concrete
- Metals
- Bricks and Blocks
- By Application Insights (Revenue, USD Tn, 2019 - 2031)
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- Residential Construction
- Commercial Construction
- Infrastructure
- Industrial Construction
- Regional Insights (Revenue, USD Tn, 2019 - 2031)
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
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- LafargeHolcim
- HeidelbergCement
- CRH plc
- Cemex S.A.B. de C.V.
- Martin Marietta Materials, Inc.
- Boral Limited
- Lehigh Hanson, Inc.
- Saint-Gobain
- Taiheiyo Cement Corporation
- Groupe Eiffage
- China National Building Material Group Corporation
- Anhui Conch Cement Company
- UltraTech Cement Limited
- James Hardie Industries plc
- Knauf GIPS KG
- Kiewit Corporation
- Sika AG
- Fletcher Building Limited
- BASF SE
- Ytong (Xella Group)
