Construction & Building Products Market is expected to surpass revenues worth US$ 49 Bn by 2029

Construction & Building Products Market

The global Construction & Building Products Market to enthrone modernization at a CAGR of 5.2%, reaching US$ 49 Bn in the next few years.

The construction and building products market refers to the various products used in the construction industry to construct buildings, structures, and infrastructure projects. The market is primarily driven by the growing demand for housing and infrastructure globally. The construction industry is also undergoing a digital transformation, leading to the adoption of new construction techniques and the use of advanced building products.

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Construction & Building Products Market Overview:

The construction and building products market has been growing steadily over the past few years. The growth of the market is driven by several factors, including population growth, urbanization, and the increasing demand for housing.

The Construction & Building Products Market is composed of several segments that offer a wide variety of services and products. For example, there are contractors who provide services related to new construction projects such as framing and foundation work. There are also companies that specialize in the installation of specialty building materials such as siding or drywall. In addition to these services there are also suppliers who provide raw materials used in the construction process including lumber for framing and masonry supplies such as cinder block or brick.

Key Players- 

• Akzo Nobel N.V.
• PPG Industries, Inc.
• Sto SE & Co. KGaA
• USG Corporation
• Compagnie de Saint-Gobain
• Ardex
• Knauf Gips KG
• Kerakoll Group
• PCI Group
• Parex Group SA
• Mapei S.p.A
• Baumit GmbH
• Toupret
• Caparol
• JUB Group
• Ceresit
• Rockwool International A/S
• China National Building Material Company
• Etex S.A
• PABCO Building Products
• Others.

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Construction & Building Products Market Segmentation:

By Product Type

• Plaster
• Renders
• Skim Coats
• Filling Compounds

By End Use

• Residential
• Commercial
• Industrial
• Infrastructural

By Region

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa (MEA)

Regional Analysis:

The construction and building products market is expected to grow significantly in Asia-Pacific, North America, and Europe. The Asia-Pacific region is the largest market for construction and building products, accounting for more than 40% of the global market. The region is expected to continue to be the largest market due to the high growth rates in countries such as China, India, and Australia. North America and Europe are also expected to continue to be significant markets, driven by the growth of the construction industry in these regions.

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Conclusion:

The construction and building products market is expected to continue growing over the next few years, driven by the increasing demand for housing and infrastructure globally. The market is highly competitive, with a large number of players operating in the market. The Asia-Pacific region is expected to continue to be the largest market, while North America and Europe are also expected to be significant markets. The players in the market are investing in research and development to develop new products and to improve the performance of existing products.

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