Press release
Building Materials Market Set for Steady Expansion to USD 1.7 Trillion by 2031 at 3.9% CAGR, Anchored by Asia Pacific's Leadership | Key Players - CEMEX, Lafarge Holcim, CRH Plc
Building Materials Market
Market growth is driven by government investments in infrastructure such as public buildings, utilities, and transportation systems, alongside expansions in highways, railways, tunnels, non-residential buildings, and mining. Urbanization, industrialization, and demand for innovative, cost-effective materials like ready-mix concrete and precast components further boost expansion, with Asia-Pacific leading due to rapid construction activity.
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Key Industry Developments
United States:
✅ February 2026: Avient Corporation showcased composite solutions for light, strong, and fire-resistant construction at NAHB IBS 2026, unveiling a life-size Composites Innovation Showcase built entirely without wood using advanced composites that meet stringent flame retardancy standards and simplify installation to address affordable housing demands, workforce shortages, and safety requirements.
✅ November 2025: Heidelberg Materials acquired Walan Specialty Construction Products in Delaware, USA, including a modern slag grinding plant with 150,000 tonnes annual capacity to bolster its low-carbon product portfolio, enhancing slag cement production from steel by-products that reduces energy use and environmental impact while improving concrete strength and durability in the Northeast Region.
✅ October 2025: Heidelberg Materials premiered serial 3D construction printing using sustainable building materials, marking an advancement in innovative construction techniques to enable faster, more efficient building processes with eco-friendly materials directly from their production.
Asia Pacific / Japan:
✅ February 2026: Heidelberg Materials expanded in Australia by acquiring Maas Group's construction materials business, accelerating growth in the core market through strategic investment in aggregates and related operations to strengthen regional presence and support sustainable building solutions.
✅ November 2025: Heidelberg Materials secured four EU Innovation Fund grants for CCUS projects, though primarily in Europe, this funding milestone advances large-scale decarbonisation technologies applicable to Asia-Pacific operations, enabling carbon-captured near-zero products like evoZero® cement at bigger scales.
✅ October 2025: Hitachi Construction Machinery signed an agreement with Rio Tinto for developing remote operation technologies for ultra-large hydraulic excavators, representing a technological advancement that enhances efficiency and safety in construction material handling and mining-related building projects in the Asia-Pacific region.
Key Mergers and Acquisitions:
✅ Lowe's Companies completed its $8.8 billion acquisition of Foundation Building Materials in October 2025, enhancing its professional contractor business with expanded interior building products distribution across the US and Canada.
✅ CRH finalized the $2.1 billion purchase of Eco Material Technologies in October 2025, securing a leading North American supply of supplementary cementitious materials to support next-generation cement and concrete production.
✅ Home Depot (via SRS Distribution) acquired GMS Inc. for $5.5 billion enterprise value in September 2025, strengthening its specialty distribution in drywall, ceilings, steel framing, and other remodeling products for residential and commercial markets.
Key Players:
CEMEX | China National Building Material Company | LafargeHolcim | Boral Limited | Buzzi Unicem SpA | Dyckerhoff AG | CRH Plc | CSR Limited | Aditya Birla Group | Ambuja Cements
Strategic Leadership Report: Top 5 Players in Building Materials Market 2026
-CEMEX: Launched a range of bio-sourced admixtures designed for a lower carbon footprint, using natural renewable raw materials to reduce emissions by up to 70% compared to traditional oil-based options while enhancing concrete strength and workability.
-Holcim (LafargeHolcim): Partnered with ELEMENTAL to introduce biochar technology that transforms buildings into carbon sinks, applied in cement, mortars, and concrete for projects including a full-scale housing prototype showcased at the 2025 Architecture Biennale.
-CRH Plc: Announced pilot launch of ultra-low carbon cement MevoCem through its accelerator program and strategic investment in Sublime Systems for multi-year offtake of innovative low-carbon cement production.
-Boral Limited: Completed development of Australian-first low-carbon calcined clay concrete, reducing emissions in production and infrastructure through innovative blends ready for industry trials and partnerships.
-Aditya Birla Group (UltraTech): Expanded into wires and cables with a ₹1,800 crore investment alongside launching 150 UltraTech Building Solutions stores nationwide, featuring products like Weather Pro Top Shield to support integrated homebuilding solutions.
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Market Drivers and Key Trends:
-Urbanization Surge: Rapid urban growth in Asia-Pacific and emerging markets drives demand for residential, commercial, and infrastructure projects, boosting cement, aggregates, and steel consumption.
-Sustainability Push: Adoption of low-carbon concrete, recycled composites, and bio-based materials aligns with global ESG goals and green building certifications, reducing emissions and waste.
-Infrastructure Investments: Government spending on roads, bridges, and affordable housing worldwide accelerates material needs, particularly in developing economies.
-Technological Innovation: AI integration, 3D printing, and prefabrication cut construction timelines by up to 30%, enhance efficiency, and enable smart, resilient structures.
-Market Hurdles: Fluctuating raw material prices, supply chain disruptions, and stringent environmental regulations increase costs and challenge scalability for producers.
Regional Insights:
-Asia Pacific: 47.9% (Largest share, driven by rapid urbanization and infrastructure boom in China and India).
-North America: 28.3% (Strong market supported by renovation projects and sustainable building initiatives).
-Europe: 21% (Estimated share based on steady investments and green regulations).
Market Opportunities & Challenges: Building Materials Market 2026
-Opportunities: A "Sustainability Surge" accelerates demand for low-carbon cement and mass timber; EU Green Deal funding and US Inflation Reduction Act credits enable scalable net-zero production for ESG-aligned firms. Circular economy mandates boost recycled aggregates and modular prefab systems, while BIM-integrated smart materials gain traction in smart city projects.
-Challenges: Persistent raw material volatility from 2025 supply disruptions burdens margins, as stringent carbon border taxes complicate imports. Labor shortages in skilled installation amplify adoption hurdles for advanced composites, demanding agile supply chain reconfiguration amid fragmented regional regulations.
-Strategic Verdict: High-performance, carbon-captured innovations and retrofit-ready sustainable solutions propel 2026 leadership.
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Market Segmentation Analysis:
By Type: Construction Aggregates Dominate Amid High Demand
Construction aggregates hold the largest share at 45% in 2025, essential as fillers in concrete, asphalt, and foundations for a cost-effective, abundant supply in roads and buildings.
Cement captures 32%, acting as the key binder in concrete for structural integrity across residential and infrastructure projects.
Concrete bricks take 12%, valued for durability and insulation in walls, especially residential construction.
Metals account for 8%, providing strength in framing and roofing due to steel's cost-effectiveness.
Others fill 3%, including niche materials like glass and composites.
By End-User: Residential Leads on Urbanization
Residential commands 40% market share, driven by housing demand, population growth, and renovations worldwide.
Commercial holds 25%, fueled by offices, malls, and hospitality expansions.
Industrial takes 20%, supporting factories and warehouses with robust materials.
Infrastructural accounts for 15%, essential for roads, bridges, and public works.
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