The development of sustainable building & construction materials is on rise since the past few years. Strict environmental regulations and policies causing increased attention towards development of environmental friendly materials in both manufacturing and operational phases of the material life cycle of the building and construction industry worldwide. The sector is now open to new and efficient technologies material manufacturing. Notable new technologies in recent years being geo-polymer concrete, foam concrete and efflorescence materials. The growth of building & construction material market is in line with the construction market. Asia-Pacific is estimated to lead the overall materials market in the coming years. Countries such as China and India are the major players in Asia-Pacific’s market growth. Developed counties such as the U.S., Russia and the U.K are estimated to grow at a steady rate in the coming five years. This vertical offers businesses with an extensive pool of market data that serve as blueprints ranging from market sizes, revenue forecasts, value chain, market and product trends, price trends and regulations, competitive landscape, leading players, their key developments, strategy and profile. MarketsandMarkets offers a 360 degree in-depth analysis of the industry; allowing companies to access insights for strategizing, planning and execution. Our construction analysts also focus on analyzing trends in the related end-user markets and evaluating the impact that these trends will have on the industry performances. We have displayed our expertise by partnering with Fortune 500 clients to provide tailor-made consulting projects within client’s product portfolio.
The building and construction materials market industry encompasses the production, distribution, and sale of materials used in the construction of residential, commercial, and infrastructure projects. It involves a wide range of products that are essential for the construction and renovation of buildings, including both natural and manufactured materials.
The building & construction materials market includes various segments and subsegments based on the type of materials involved. Some of the key materials included in this industry are:
The building and construction materials market plays a crucial role in the development of infrastructure and the built environment. It is influenced by factors such as construction activities, real estate trends, architectural preferences, sustainability considerations, and government regulations. The industry is highly competitive, with numerous manufacturers, suppliers, and distributors operating across global, regional, and local markets.
Building & Construction Materials Industry Futuristic Scope
The building and construction materials industry is poised for significant advancements and transformations in the future, driven by various factors and emerging trends. Here are some futuristic scopes and trends that are likely to shape the industry:
These futuristic scopes in the building and construction materials industry reflect the industry's response to the evolving needs for sustainability, efficiency, and innovation. Industry players will need to invest in research and development, collaborate with technology providers, adopt new manufacturing processes, and align with sustainable practices to capitalize on these trends and shape the future of the industry.
Building & Construction Materials Industry Merger & Acquisition
The building and construction materials industry has witnessed numerous merger and acquisition (M&A) activities over the years. These transactions occur for various reasons, including strategic expansion, market consolidation, synergies, diversification, and access to new technologies or markets. While I don't have access to real-time data, here are some notable M&A deals that have occurred in the building & construction materials industry:
It's important to note that the building and construction materials industry is vast and diverse, comprising various product segments and geographic markets. M&A activities can occur within specific subsectors, such as cement, aggregates, insulation, or across different segments to create synergies and enhance market competitiveness. The above examples highlight some significant M&A deals in the industry, but there have been numerous other transactions at regional and local levels as well.
Key segments in Building & Construction Materials Market
The building and construction materials market is diverse and encompasses a wide range of segments based on the type of materials used in construction projects. These segments can vary depending on regional preferences, building practices, and specific project requirements. Here are some key segments within the building & construction materials market:
These segments represent the broad categories of building and construction materials, but within each segment, there may be further subsegments based on specific materials, technologies, or applications. The market for building & construction materials is dynamic and continually evolving to meet changing industry requirements and emerging trends.
Subsegments in Building & Construction Material Market
The building and construction material market comprises various subsegments within each key segment. These subsegments represent specific materials, products, or technologies used in construction projects. Here are some subsegments within the building and construction material market:
5.Roofing Materials:
6.Insulation Materials:
These subsegments highlight the specific materials and products within each key segment of the building and construction material market. Each subsegment plays a vital role in the construction process and offers unique characteristics and applications to meet diverse construction requirements.
Building & Construction Material Market Eco-system
The building and construction material market operates within a complex ecosystem involving various stakeholders, processes, and interdependencies. The ecosystem of the building and construction material market includes:
The building and construction material market ecosystem is interconnected, with each stakeholder playing a specific role in the value chain. Collaboration, innovation, and adherence to regulations and standards are crucial for the sustainable development and growth of the industry.
Top players in Building & Construction Material Market
The building and construction material market is highly competitive and involves numerous players operating at both global and regional levels. While the specific rankings and market positions may vary over time, here are some of the top players in the industry:
It's important to note that the building and construction material market is highly fragmented, and there are many other significant players operating regionally and locally. Market dynamics, regional preferences, and specific product segments can influence the market positions of these companies.
High Grown Opportunities in Building & Construction Material Market
The building and construction material market presents several high-growth opportunities driven by various factors such as urbanization, infrastructure development, technological advancements, sustainability initiatives, and changing consumer preferences. Here are some areas with significant growth potential:
It's important for companies in the building and construction material market to stay abreast of industry trends, technological advancements, and sustainability requirements to capitalize on these high growth opportunities.
Challenges in Building & Construction Material Market
The building and construction material market faces various challenges that can impact its growth and profitability. These challenges include:
Addressing these challenges requires strategic planning, innovation, adaptability, and collaboration within the industry. Companies that can navigate these challenges effectively will be well-positioned for long-term success in the building and construction material market.
Building & Construction Material Market High CAGR Geography
The high Compound Annual Growth Rate (CAGR) in the building and construction material market can vary across different geographical regions due to factors such as economic growth, infrastructure development, population trends, and construction activity. While the specific CAGR figures may fluctuate over time, here are some regions that have shown or are projected to have a high CAGR in the building and construction material market:
The development of sustainable building & construction materials is on rise since the past few years. Strict environmental regulations and policies causing increased attention towards development of environmental friendly materials in both manufactur ....see more
The roof coating market is expected to grow from USD 8.72 billion in 2024 to USD 10.16 billion by 2029, at a CAGR of 3.1% during the forecast period. The report profiles key players such as PPG Industries, Inc., (US), Sika AG (Switzerland), The Sherwin-Williams Company (US), Akzo Nobel N.V. (The Netherlands), and Nippon Paint Holdings Co., Ltd. (Japan)
The construction glass market is expected to grow from USD 112.0 billion in 2024 to USD 144.3 billion by 2029, at a CAGR of 5.2% during the forecast period. Prominent companies in the construction glass market include AGC Inc. (Japan), NSG Group (Japan), Saint-Gobain (France), Guardian Industries (US), Sisecam (Turkey), SCHOTT AG (Germany), Central Glass Co., Ltd. (Japan), Vitro (Mexico), China Glass Holdings Limited (China), Corning Incorporated (US) and Xinyi Glass Holdings Limited (China).
The insulation products market is expected to grow from USD 65.9 billion in 2024 to USD 84.2 billion by 2029, at a CAGR of 5.0% during the forecast period. Some of the leading manufacturers of insulation products profiled in this report are Covestro AG (Germany), Owens Corning Corp. (US), Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Knauf Insulation (US), Huntsman Corporation (US), Armacell International S.A. (Luxembourg), Johns Manville Corporation (US), Kingspan Group (Ireland), Soprema Group (France), Cellofoam International GmbH (Germany), Recticel NV/SA (Belgium), China Jushi Co. Ltd. (China), and Rogers Corporation (US).
The decorative concrete market is expected to grow from USD 18.3 billion in 2023 to USD 24.3 billion by 2028, at a CAGR of 5.8% during the forecast period. CEMEX, S.A.B. de C.V. (Mexico), DuPont (US), BASF SE (Germany), Sika AG (Switzerland), RPM International Inc. (US), The Sherwin Williams Company (US), PPG Industries, Inc. (US), amongst others, are the key players operating in the decorative concrete market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the decorative concrete market.
The cladding systems market is expected to grow from USD 268.4 billion in 2023 to USD 347.7 billion by 2028, at a CAGR of 5.2% during the forecast period. The leading players in the cladding systems market are Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland), CSR Limited (Australia), Nichiha Corporation (Japan), Boral Limited (Australia), Louisiana Pacific Corporation (US), and Kingspan PLC (UK).
The global pipeline monitoring system market size is projected to reach USD 19.2 billion by 2026, at a CAGR of 7.8% during the forecast period. Siemens AG (US), Honeywell International Inc. (US), Huawei Technologies Co. Ltd. (China), BAE Systems (UK), and TransCanada PipeLines Limited (Canada), amongst others, are the key players operating in the pipeline monitoring system market.
The global crash barrier systems market is expected to grow from USD 7.6 billion in 2021 to USD 9.0 billion by 2026, at a compound annual growth rate (CAGR) of 3.3% during the forecast period.Tata steel Europe (UK), NV Bekaert S.A. (Belgium), Valmont Industries, Inc. (UK), Trinity Industries Inc (US), and Nucor Corporation (US). are the leading crash barrier systems manufacturers, globally.
MarketsandMarkets projects that the aluminum composite panels market size will grow from USD 6.29 Billion in 2017 to USD 8.79 Billion by 2022, at an estimated CAGR of 6.92%. Rise in building & construction activities, large-scale investments in infrastructure & industrial sectors, and rapid urbanization in developing economies is boosting the growth of the aluminum composite panels market. The building & construction segment is projected to have the largest market share and dominate the market from 2017 to 2022. Growth of the advertisement industry plays a key role in changing the market; this segment is projected to grow at the second-highest rate during the forecast period. The major players in the aluminum composite panels market in Asia Pacific include Yaret Industrial Group (China), Alumax Industrial (Taiwan), Shanghai Huayuan New Composite Materials (China), Changshu Kaidi Decoration Material (China), Guangzhou Xinghe ACP (China), Jyi Shyang Industrial (Taiwan), Mitsubishi Chemical (Japan), and Msenco Metal (China).
The silicone structural glazing market size is estimated to grow from USD 26.91 Billion in 2016 to USD 43.95 Billion by 2022, at a CAGR of 8.90%. The base year considered for the study is 2016, and the market size is projected from 2017 to 2022. The major players in the silicone structural glazing market include Nippon Sheet Glass Co. Ltd. (Japan), Asahi Glass Co., Ltd (Japan), YKK Corporation (Japan), Central Glass Co., Ltd. (Japan), Xinyi Glass Holdings Limited (China), Shanghai Yaohua Pilkington Glass Group Co., Ltd. (China), Kibing Glass (China), and Taiwan Glass Ind. Corp. (China).
The global carpets & rugs market was valued at USD 88.24 Billion in 2016, and is projected to reach USD 112.69 Billion by 2022, at a CAGR of 4.2%. The major players include Mohawk Industries, Inc. (U.S.), Shaw Industries Group (U.S.), Lowe’s Companies, Inc. (U.S.), Taekett S.A. (France), Home Depot, Inc. (U.S.), Interface, Inc. (U.S.), Dixie Group, Inc. (U.S.), Orientals Weavers Company for Carpets (Egypt), Tai Ping Carpets International Limited (China), and Victoria PLC (U.K.). Companies have adopted strategies such as acquisitions and expansions to cope with the increase in demand in the emerging markets.
MarketsandMarkets projects that the aluminum-extruded products market will grow from USD 34.48 Billion in 2016 to USD 47.61 Billion by 2021, at an estimated CAGR of 6.67%. The market for aluminum-extruded products is growing due to increase in demand from end-use industries such as construction, machinery & equipment, automotive, and mass transport. The growth of this market is fueled by the growth of its end-use industries.
MarketsandMarkets projects that the plasterboard market size will grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at an estimated CAGR of 5.7% between 2016 and 2021. The plasterboard market is expected to witness high growth as a result of the recovery of the global economy, high growth in the Asia-Pacific region, and the emergence of environment-friendly construction techniques. Growth in modern retailing, rise in consumer income & employment, and increase in demand for new construction projects are some of the other factors influencing the growth of the plasterboard market.
The cutting equipment, accessories, and consumables market size is estimated to grow from USD 6.67 Billion in 2016 to USD 8.27 Billion by 2021, at a CAGR of 4.40%. Factors such as increase in demand in Asia-Pacific and grow in demand from the end-use industries such as residential, commercial, institutional, infrastructure, industrial, and marine are some of the drivers for the growth of the cutting equipment, accessories, and consumables market.
The market for roofing systems is projected to grow from USD 109.72 Billion in 2016 to USD 157.56 Billion by 2021, at an estimated CAGR of 3.06%. This growth is due to the growing construction activities, globally. Government regulations regarding zero energy building codes and green roofing also provide an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.
The wooden decking market size is estimated to grow from USD 7.21 Billion in 2015 to USD 7.81 Billion by 2021, at a CAGR of 1.43%. It is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world due to rapid urbanization and industrialization.
The global fireproof insulation market was valued at USD 18.16 Billion in 2015, and is projected to reach USD 23.79 Billion by 2021, at a CAGR of 4.6% from 2016 to 2021. Stringent building codes in developed countries, greenhouse gas emission reduction, cost efficiency, strict regulatory environment, rebates and tax credits, and increased demand from new constructions are some of the factors that are expected to drive the growth of the fireproof insulation market during the forecast period.
The plastic decking market size is estimated to grow from USD 2.55 Billion in 2015 to USD 4.69 Billion by 2021, at a CAGR of 10.82%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The report aims at estimating the market size and future growth potential of the plastic decking market across different segments such as end-use, composite type, resin type, type of construction, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
The plumbing fixtures & fittings market size is estimated to grow from USD 74.72 Billion in 2015 to USD 102.07 Billion by 2021, at a CAGR of 5.45%. Factors such as increasing demand in Asia-Pacific due to rapid urbanization, building renovations due to disasters and upgradations, rising construction activities in emerging economies, and large-scale investment in industrial and infrastructure sectors are some of the drivers for the growth of the plumbing fixtures & fittings market.
The global roof insulation market was valued at USD 8.45 billion in 2015 and is projected to reach USD 10.85 billion by 2021, at a CAGR of 4.3% from 2016 to 2021. Greenhouse gas emission reduction, cost efficiency, strict regulatory environment, rebates and tax credits, increased demand from new constructions are some of the factors that are expected to drive the growth of the roof insulation market during the forecast period.
The global building panels market is estimated to be valued at USD 170.83 Billion in 2016 and is projected to reach USD 230.93 Billion by 2021, at a CAGR of 6.21% from 2016 to 2021. The building panels is transforming the construction industry by providing a less expensive process, and fast, accurate and affordable housing solutions. The report aims at estimating the market size and future growth potential of building panels market which is segmented on the basis of type, end use, material, application, and region.
The increasing demand for clean drinking water and increasing awareness about the importance of water treatment are some of the major factors driving the growth of the water treatment systems (PoE) industry. The water treatment systems (PoE) market is projected to reach USD 5.69 Billion by 2020, with a projected CAGR of 8.52%, from 2015 to 2020.
The market for the global dry construction industry has seen an extensive upward surge since 2009. The global dry construction market is projected to reach USD 79.08 Billion by 2020, with a CAGR of 5.3% during the forecast period, (2015 to 2020). After the economic slowdown, new constructions have come up in large numbers, the high requirements for fast implementation of construction site, and the inexpensive nature. The Asia-Pacific region accounted for around 33% of the total market share in terms of value, followed by the North American and European regions. However, as the dry construction market in developed countries is getting matured, the markets in developing countries such as China, Indonesia, and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its high population along with new constructions coming up in the next five years.
The global door systems market is projected to reach USD 293.85 Billion by 2020, with a CAGR of 5.82% from 2015 and 2020. After the economic slowdown, high disposable incomes and changing lifestyles have led to the improvement in construction which stimulated the demand in the door industry. The Asia-Pacific region accounted for around 38% of the total market share in terms of value, followed by the European and North American regions. However, as the door systems market in developed countries is getting matured, the market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of the strong economic growth in the country along with increase in buildings and high disposable income.