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Construction & Building Materials Market worth $2.90 trillion by 2030, growing at a CAGR of 5.89% - Exclusive Report by 360iResearch
Construction & Building Materials Market | 360iResearch
The Global Construction & Building Materials Market to grow from USD 1.94 trillion in 2023 to USD 2.90 trillion by 2030, at a CAGR of 5.89%.
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The construction & building industry encompasses producing a variety of materials used in the construction and renovation of residential and commercial buildings. High-quality construction and building materials are used to ensure the highest possible standards in terms of strength, durability, and sustainability in construction. The increase in urbanization and construction of high-rise buildings worldwide, along with surging demand for easily installed products for the construction industry, are major factors boosting the market. However, the highly fluctuating cost of building materials creates difficulties in exercising good stock control, affecting the availability of building materials, including cement, steel, and wood, limiting the market growth. Moreover, the development of innovative construction materials such as reinforced concrete and translucent concrete are attracting strong demand from the customer side. Additionally, the cement manufacturers' amalgamation activities are creating lucrative market growth opportunities.
The construction & building materials market in the Americas is anticipated to grow during the forecast period; owing to the growing demand for construction, more people are shifting to cities, increasing the congestion in urban regions. This mandates the need for the development and enhancement of smart cities. The increase in the number of smart city projects in the U.S. and Canada is one of the primary factors augmenting the development of the construction & building materials market. Furthermore, the rapid growth in urbanization and industrialization across the APAC regions paves the way for construction and building materials lucrative opportunities. The APAC market's growth is driven by innovative materials and technology innovations in construction methods in major economies such as India, China, South Korea, Japan, Australia, and Vietnam. The EMEA has witnessed substantial investments in infrastructure development, including transportation, energy, and urbanization projects. Additionally, an increasing emphasis on sustainable and eco-friendly construction practices in the EMEA region leads to a growing demand for environmentally friendly materials, energy-efficient solutions, and green building certifications. On a cumulative basis, the EMEA construction and building materials market is characterized by robust growth driven by infrastructure development, urbanization, and sustainability requirements.
Market Segmentation & Coverage:
This research report categorizes the Construction & Building Materials Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Aggregates, Bricks, Cement, Ceramic Facing & Floor Tiles, Composites, Glass, Metal, Precast Concrete, Sealants, Adhesives & Waterproofing Compounds, and Wood. The Composites is projected to witness significant market share during forecast period.
Based on Building Type, market is studied across Commercial Building Construction, Industrial Construction, Infrastructure & Heavy Civil Construction, and Residential Building Construction. The Residential Building Construction is further studied across Multi-Family Housing and Single-Family Housing. The Infrastructure & Heavy Civil Construction is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Construction & Building Materials Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Construction & Building Materials Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Construction & Building Materials Market, highlighting leading vendors and their innovative profiles. These include Ambuja Cements Ltd. by Adani Group, Anhui Conch Cement Co., Ltd., ArcelorMittal S.A., Asia Cement Public Company Ltd., Atad Steel Structure Corporation, ATCO, Athabasca Minerals Inc., Atlas Concrete, BBMG Corporation Ltd., BlueScope Steel Limited, Boral Limited, CEMEX S.A.B. de C.V., China National Building Material Co., Ltd., Compagnie de Saint-Gobain S.A., CRH PLC, Everest Industries Ltd., Ferguson PLC, Grasim Industries Limited, HeidelbergCement AG, Holcim Group, Jaypee Group, Kirby Building Systems, LafargeHolcim Ltd., Lindab Group, Lixil Group Corporation, Memaar Building Systems, Nippon Steel Corporation, Norsteel Buildings, Nucor Corporation, PEB Steel Buildings, Pennar Engineered Building Systems Ltd., UltraTech Cement Ltd, USG Corporation, Vulcan Materials Company, and Zamil Steel Holding Company.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Construction & Building Materials Market, by Material
7. Construction & Building Materials Market, by Building Type
8. Americas Construction & Building Materials Market
9. Asia-Pacific Construction & Building Materials Market
10. Europe, Middle East & Africa Construction & Building Materials Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Construction & Building Materials Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Construction & Building Materials Market?
3. What is the competitive strategic window for opportunities in the Construction & Building Materials Market?
4. What are the technology trends and regulatory frameworks in the Construction & Building Materials Market?
5. What is the market share of the leading vendors in the Construction & Building Materials Market?
6. What modes and strategic moves are considered suitable for entering the Construction & Building Materials Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
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