Press release
Building Materials Market: Rapid Global Data Volume Growth by Key Competitors-CEMEX, China National Building Material Company, Lafarge Holcim.
Building Materials Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Building Materials market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Building Materials Market reached USD 1.3 trillion in 2022 and is expected to reach USD 1.7 trillion by 2031 growing with a CAGR of 3.9% during the forecast period 2024-2031.
What is Building Materials Market?
The building materials market encompasses a wide range of products used in the construction and renovation of residential, commercial, and industrial structures. Key segments include cement, aggregates, bricks, metals, wood, insulation materials, and flooring products. Market growth is driven by the increasing demand for sustainable construction practices, urbanization, and infrastructure development in emerging economies. Additionally, innovations in building materials, such as smart and energy-efficient products, are gaining traction as builders and consumers prioritize sustainability and energy efficiency. The market is also influenced by fluctuations in raw material prices, environmental regulations, and the shift toward green building certifications, which promote the use of eco-friendly materials. Overall, the building materials market is poised for significant growth, fueled by ongoing trends in construction and renovation.
Growth Driver
Increasing Demand for Innovative Materials in Construction
The construction sector is poised for significant growth as consumers and developers prioritize affordable, eco-friendly, and energy-efficient building materials. With a surge in demand for both residential and commercial projects, construction activity is on the rise, driving the industry's development. This focus on innovative materials not only meets the needs of modern construction but also supports sustainability goals, further fueling demand in the market.
Key Players:
Profiles of some of the major players in the global Building Materials market, which include CEMEX, China National Building Material Company, Lafarge Holcim, Boral Limited, Buzzi Unicem SpA, Dyckerhoff AG, CRH Plc, CSR Limited, Aditya Birla Group and Ambuja Cements.
Industry Development:
In October 2022, Holcim, a leader in innovative and sustainable building solutions, acquired Wiltshire Heavy Construction Materials, one of the top providers of construction solutions and material circularity in the UK. This acquisition is expected to enhance Holcim's market share in the UK construction materials industry.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Building Materials market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Construction Aggregates, Cement, Concrete Bricks, Metals, Others.
By End-User: Residential, Commercial, Industrial, Infrastructural.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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