Building Materials Market size was estimated at USD 998.36 billion in 2021, USD 1,070.45 billion in 2022, and is projected to grow at a CAGR of 6.50% to reach USD 1,865.75 billion by 2032.
The market for alternative building materials is primarily driven by rising public awareness and new government environmental construction regulations that require the use of sustainable materials for infrastructural development. In addition, compared to conventional building materials, the alternative material uses less energy during production and emits less carbon. They are therefore environmentally friendly and perfect for use as an alternative building material. The Leadership in Energy and Environmental Design (LEED) green accreditation also results in significant tax and grant concessions.
The size of the building materials market is determined by the increasing use of building materials in the residential and commercial sectors. Producers are active all over the world in the profitable building materials sector. To meet customer demands, building materials market players are increasing their capital expenditures while focusing on R&D activities and higher quality products. Furthermore, progress in infrastructure development in emerging countries is driving the demand for building materials. The construction industry is growing due to rapid industrialization and urbanization, necessitating expansion of construction infrastructure. Additionally, the country’s GDP is mainly contributed by the construction industry, which also employs a significant number of workers.
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Key Companies Insights
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
Some of the key players operating in the global building materials market include:
- Ambuja Cements Ltd.
- Anhui Conch Cement Co., Ltd.
- Asia Cement Public Company Ltd.
- Athabasca Minerals Inc.
- Atlas Concrete
- BBMG Corporation Ltd.
- Boral Limited
- CEMEX S.A.B. de C.V.
- China National Building Material Co., Ltd.
- Compagnie de Saint-Gobain S.A.
- CRH PLC
- Ferguson PLC
- Grasim Industries Limited
- HeidelbergCement AG
- Jaypee Group
- LafargeHolcim Ltd.
- Lixil Group Corporation
- UltraTech Cement Ltd.
- Other Players
Segments
By Materials
- Aggregates
- Concrete Bricks
- Ceramic Facing & Floor Tiles
- Composites
- Glass
- Metal
- Precast Concrete
- Wood & Wood Products
- Others
By Application
- Residential Sector
- Industrial Sector
- Commercial Sector
- Others
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By Geography
- North America
o U.S.
o Canada
o Mexico
- Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
- Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
- Latin America
o Brazil
o Argentina
o Colombia
- MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Key Points:
- Define, describe and forecast The Global Market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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Frequently Asked Questions About This Report
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- How has the Covid-19 pandemic affected the Market?
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