Global Building Products Market to Reach at US$ 49 Bn in 2025

According to the new publication titled, “Building Products (Including Drywall) Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” that has been added in the database of Market Research Reports Search Engine (MRRSE), the global building products market is likely to be valued US$ 33.16 Billion by the end of the year 2017. The market is estimated to achieve tremendous growth in eight years of projection period and is likely to reach at assessment of US$ 49 Bn in 2025, expanding at a healthy Compound Annual Growth Rate of 5.2% throughout the projected period. Increasing spending on construction activities and phenomenal growth in the grey cement market are two important factors which are contributing in the development of the global market for building products.

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Global Building Products Market- Drivers

The report has listed some of the factors which are fuelling the progression of the global building products market. These drivers are as bellows

Growth in the residential sector owing to the expansion in mortgage credit
Unprecedented growth in the non-residential sector, particularly in Mexico and Chile
Growing construction activities in the developing regions such as Asia Pacific and developed economies like Europe
Growth in the associated markets such as paint and grey cement which fuels the evolution of the market
Rising spending on construction activities
Global Building Products Market- Regional Forecast and Analysis

The region of Asia Pacific is likely to register a higher development rate and is anticipated to reach at a healthy compound annual growth rate of 6.2% during the assessed period. Likewise, this region is likely to be valued US$ 24 Bn by 2025 end, in this way overwhelming the worldwide market for building products.

Asia Pacific region has seen a constant but stable growth throughout the years, from 2012. This critical development and predominance can be credited to the growing sector of construction in developing regions for example, China and India. Moreover, urban infrastructure, the telecom and railroad enterprises, and oil and gas add to this healthy development by creating huge share of developmental activities in construction and this pattern is likely to develop in the years to come. This region is likely to show huge potential and opportunities in the global market for building products.

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North America is equally perform well in the market of building products. It is expected to achieve the value of US$ 12.4 Bn by 2025 end, expanding at a compound annual growth rate of 4.4% throughout the projected period. North America and Europe regions were among the regions which adopted the building products much before than any other regions adopted these products.  

Global Building Products Market-Key Players

USG Corporation, Ardex, Caparol, Knauf Gips KG, Kerakoll Group, PCI Group, Parex Group SA, Mapei S.p.A, Toupret, JUB Group, Baumit GmbH, Ceresit, PPG Industries, Rockwool International A/S, China National Building, Compagnie de Saint Gobain, Material Company, and PABCO Building Products are some of the key vendors which are operating in the global market for building products.  

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This release was published on openPR.