Construction Materials Market size to grow by USD 1,103.44 billion from 2022 to 2027 with 47% of the market growth to originate from APAC

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07 Jun, 2023, 23:15 ET

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NEW YORK, June 7, 2023 /PRNewswire/ -- The construction materials market size is expected to grow by USD 1,103.44 billion from 2022 to 2027, progressing at a CAGR of 11.25% as per the latest Technavio market research report. APAC is estimated to account for 47% of the market's overall growth. APAC is known for its innovations, product development, and improvements in quality. Factors like the growth in construction activities for residential and non-residential buildings are factors that influence the growth of the market in the region. Furthermore, the rising demand for low-cost construction materials, such as mineral additives, in countries in the region is leading to the business expansion of several major vendors. Hence, such developments are expected to propel the growth of the market in the region during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES

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Some of the key Construction Materials Market Players:

The construction materials market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Adbri Ltd., Aditya Birla Management Corp. Pvt. Ltd., BGC Australia PTY Ltd., Birla Corp. Ltd., Cementir Holding NV, CEMEX SAB de CV, Compagnie de Saint Gobain, CRH Plc, Fletcher Building Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, Holcim Ltd., JK Cement Ltd, JMH International Ltd., Nippon Steel Corp., PPC Ltd., Sumitomo Osaka Cement Co. Ltd., The India Cements Ltd., The Ramco Cements Ltd., and Ube Corp.

Construction Materials Market: Segmentation Analysis

This market research report segments the construction materials market by product (cement, construction aggregates, concrete bricks, construction metals, and others), end-user (commercial, industrial, and residential), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

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Construction Materials Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.25%

Market growth 2023-2027

USD 1,103.44 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.58

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 47%

Key countries

US, Canada, China, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

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Construction Materials Market size to grow by USD 1,103.44 billion from 2022 to 2027 with 47% of the market growth to originate from APAC