by The global Building materials market size was estimated to be around US$ 1,296.79 billion in 2023 and is projected to reach US$ 1,829.78 billion by 2032, indicating a CAGR of 3.90% from 2023 to 2032.
Key Takeaways
- Asia-Pacific contributed more than 38% of revenue share in 2022.
- North America is estimated to expand the fastest CAGR between 2023 and 2032.
- By type, the cement segment held the largest market share of 31% in 2022.
- By type, the concrete bricks segment is anticipated to grow at a remarkable CAGR of 4.7% between 2023 and 2032.
- By end-user, the residential segment generated over 30% of revenue share in 2022.
- By end-user, the industrial segment is expected to expand at the fastest CAGR over the projected period.
The global building materials market is a dynamic and essential sector within the construction industry, encompassing a wide range of products that form the foundation for infrastructure development. These materials include cement, steel, wood, bricks, and various other components crucial for residential, commercial, and industrial construction projects. The market’s significance lies in its direct correlation with construction activities, making it a key indicator of economic growth and urban development worldwide.
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Growth Factors
Several factors contribute to the growth of the building materials market. Urbanization trends, population growth, and increasing disposable income drive the demand for new construction projects, stimulating the need for building materials. Technological advancements in material science and sustainable construction practices also play a pivotal role, as there is a growing emphasis on eco-friendly and energy-efficient building solutions. Additionally, government initiatives, supportive policies, and investments in infrastructure projects further fuel the expansion of the building materials market.
Building Materials Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 1,296.79 Billion |
| Market Size by 2032 | USD 1,829.78 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 3.90% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type and By End-User |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: eCTOL Aircraft Market Size to Garner USD 59.09 Billion by 2032
Building Materials Market Dynamics
Drivers:
The market is driven by various factors that influence the demand for specific building materials. For instance, the rising trend of smart and green buildings propels the demand for advanced materials with enhanced insulation and energy efficiency properties. Furthermore, population growth in urban areas necessitates the construction of residential and commercial spaces, boosting the consumption of construction materials. Economic stability, low-interest rates, and favorable lending conditions act as catalysts for increased construction activities, thereby driving the demand for building materials.
Opportunities:
The building materials market presents significant opportunities for innovation and diversification. Research and development efforts focused on creating novel, sustainable, and cost-effective materials are likely to gain traction. As the global emphasis on environmentally conscious practices grows, there is a rising opportunity for manufacturers to capitalize on the demand for green building materials. Additionally, expansion into emerging markets, where rapid urbanization is underway, offers prospects for market players to tap into new consumer bases.
Challenges:
Despite its growth prospects, the building materials market faces several challenges. Fluctuations in raw material prices, geopolitical uncertainties, and regulatory changes can impact production costs and market dynamics. The industry’s environmental footprint is a concern, prompting the need for more sustainable practices. Moreover, global economic downturns can lead to reduced construction activities, affecting the demand for building materials. Adapting to evolving building codes and standards also poses a challenge for manufacturers striving to meet compliance requirements in different regions.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Building Materials Market Companies
- LafargeHolcim
- Saint-Gobain
- CRH plc
- HeidelbergCement
- CEMEX
- China National Building Material (CNBM)
- USG Corporation
- Nippon Steel Corporation
- Boral Limited
- Vulcan Materials Company
- Martin Marietta Materials, Inc.
- Owens Corning
- Compagnie de Saint-Gobain
- Sherwin-Williams
- James Hardie Industries plc
Segments Covered in the Report
By Type
- Construction Aggregates
- Cement
- Concrete Bricks
- Metals
- Others
By End-User
- Residential
- Commercial
- Industrial
- Infrastructural
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Building Materials Market
5.1. COVID-19 Landscape: Building Materials Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Building Materials Market, By Type
8.1. Building Materials Market Revenue and Volume, by Type, 2023-2032
8.1.1. Construction Aggregates
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Cement
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Concrete Bricks
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Metals
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Building Materials Market, By End-User
9.1. Building Materials Market Revenue and Volume, by End-User, 2023-2032
9.1.1. Residential
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Commercial
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Industrial
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Infrastructural
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Building Materials Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
Chapter 11. Company Profiles
11.1. LafargeHolcim
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Saint-Gobain
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. CRH plc
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. HeidelbergCement
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. CEMEX
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. China National Building Material (CNBM)
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. USG Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Nippon Steel Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Boral Limited
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Vulcan Materials Company
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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