Building Materials Market Expected to Grow USD 1123.07 Billion | Growing number of smart cities to drive growth

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The building materials market covers the following areas:

Sizing of the building materials market
Building Materials Market Forecast
Analysis of the building materials market

Supplier Landscape
The building materials market is expected to remain fragmented during the forecast period. Suppliers use growth strategies such as focusing on product innovations to compete in the market.

Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, CRH Plc, Fosroc International Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd. and Sumitomo Osaka Cement Co. Ltd. are among the few key vendors competing to maintain their market position.

See more on the highlights of the market vendor landscape with a comprehensive list of vendors and their offerings.

Key market segmentation

  • Segmentation by product:
    • Cement:
      • The cement segment will witness significant growth in its market share over the forecast period.
      • The majority of the urban population is moving towards a nuclear family structure. As a result, there will be a significant demand for houses and associated infrastructure. This will drive the cement market over the forecast period.
    • Construction aggregate
    • concrete bricks
    • Building metals
    • Others

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Regional Market Outlook
APAC will contribute 44% of the market growth over the forecast period. The growth of this region can be attributed to the increasing construction activity in emerging countries. If we look at market growth by country, China and India will contribute to the highest market growth in the region.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest trends and drivers in the building materials market

  • Market engine:
    • Growing number of smart cities:

The world population is increasing with the rise of urbanization. The increase in population has led to a challenge for services such as public transport and road networks. Countries are building smart cities to reduce traffic congestion caused by population growth. This can be done by effectively solving problems related to public transport and road networks. Thus, the demand for building materials will increase in the years to come, with the development of smart cities.

  • Market trend:
    • Adoption of new technologies and materials:

The productivity of the construction industry will increase, with the use of new materials and the move towards the use of prefabricated modular building blocks. Businesses need to keep abreast of technological advancements to improve their customer base and expand their revenue share. Some of the technologically advanced products include high performance concrete, durable concrete, condensed silica fume, mineral admixtures and high volume fly ash concrete.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

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Dry Construction Market by End User and Geography – Forecast and Analysis 2021-2025

Building Materials Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 16%

Market Growth 2021-2025

$1,123.07 billion

Market structure

Fragmented

Annual growth (%)

6.50

Regional analysis

APAC, Europe, North America, MEA and South America

Successful market contribution

APAC at 44%

Main consumer countries

China, USA, India, Germany and UK

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, CRH Plc, Fosroc International Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd. and Sumitomo Osaka Cement Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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