Building Materials Market Analysis By Materials(Aggregates, Concrete Bricks, Ceramic Facing & Floor Tiles, Composites, Glass, Metal, Precast Concrete, Wood & Wood Products), By Application(Residential Sector, Industrial Sector, Commercial Sector) & Forecast 2024-2035
- PUBLISHED ON
- 11/23/2022
- NO OF PAGES
- 272
- CATEGORY
- Chemicals & Materials
The global building materials market size was estimated at USD 998.36 billion in 2021, USD 1,070.45 billion in 2022, and is projected to grow at a CAGR of 6.50% to reach USD 1,865.75 billion by 2032.
A building material is any material used for building purposes, such as building materials for a house. Wood, cement, aggregates, metals, bricks, concrete and clay are the most commonly used building materials in construction. building materials marks the presence of aesthetics in design and defines the practicality of construction. Concrete is the most popular building material in the world. Cement is mainly used as a binder in concrete and is the base material for all types of structures and decorative applications such as houses, roads, schools, hospitals, and dams.
The size of the building materials market is determined by the increasing use of building materials in the residential and commercial sectors. Producers are active all over the world in the profitable building materials sector. To meet customer demands, building materials market players are increasing their capital expenditures while focusing on R&D activities and higher quality products. Furthermore, progress in infrastructure development in emerging countries is driving the demand for building materials. The construction industry is growing due to rapid industrialization and urbanization, necessitating expansion of construction infrastructure. Additionally, the country's GDP is mainly contributed by the construction industry, which also employs a significant number of workers. Construction infrastructure development is a labour-intensive field that requires a lot of manpower, money and raw materials. According to the United States Geological Survey (USGS), US cement production has a fairly large and well-established base of 120.5 million tons per year. Cement is manufactured in either integrated plants or mills, although most U.S. production occurs in the former. Cement production in the United States is primarily controlled by multinational companies such as CRH Plc, Cemex, Lafarge Holcim, Lehigh Hanson, Argos USA Corporation and Buzzi Unicem. For instance, The Portland Cement Association (PCA) accounts for 93% of the United States' cement manufacturing capacity and has more than 90 of her plants and distribution facilities in 32 states on the continental United States.
However, uncertain macroeconomic conditions will challenge the building materials market over the forecast period. The construction industry is highly sensitive to global and regional macroeconomic conditions. Uncertainty about general economic conditions has a negative impact on the industry. Other factors such as non-housing market conditions, labour and medical costs, and limited access to credit will continue to challenge market growth in the coming years. Furthermore, amid declining investor confidence, a weak economy and rising inflation effect the demand for building materials. Slow investment growth, high prices for key building materials, and energy costs all have a negative impact on production. Furthermore, the COVID-19 pandemic has undoubtedly impacted the building materials market. The virus has eroded the market share of building materials, reducing demand for construction projects as well as the supply of construction workers and building materials. Also, many construction projects have been cancelled, due to the COVID-19 outbreak.
Material Insights
The building materials market share growth in the aggregates segment will be significant during the forecast period. Rising urban population will drive demand for housing and related infrastructure that will thrive the global building materials market during the forecast period. Urbanization is progressing as the population increases. Various countries are building smart cities to alleviate congestion caused by population growth by efficiently solving problems related to public transportation and road networks. Thus, with the rising development of smart cities, the demand for building materials will increase.
Regional Insights
By region, the global building materials market is segmented into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa. The market for building materials worldwide is dominated by North America. The building materials market in the region is growing due to strict legislation regarding the use of environmentally friendly products in the construction sector. Moreover, the market size is increasing as green building technologies become more widely adopted and recognized in North America. Increasing use of green building technologies in multiple renovation and retrofit applications is expected to drive the North American building materials market size. According to the Associated General Contractors of America (AGC), the construction industry contributes significantly to the US economy. The industry has over 745,000 employers, employs over 7.6 million people and generates nearly $1.4 trillion worth of structure each year. The construction industry is one of the largest customers of manufacturing, mining and various services. Furthermore, APAC offers the greatest growth opportunity in the building materials market. China and India are the two most important countries for the market in this region. Rising demand for new infrastructure to provide residential and commercial space for the growing urban population is boosting construction activity in emerging markets, driving growth in the APAC building materials market during the forecast period.
Key Companies Insights
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
Some of the key players operating in the global building materials market include:
· Ambuja Cements Ltd.
· Anhui Conch Cement Co., Ltd.
· Asia Cement Public Company Ltd.
· Athabasca Minerals Inc.
· Atlas Concrete
· BBMG Corporation Ltd.
· Boral Limited
· CEMEX S.A.B. de C.V.
· China National Building Material Co., Ltd.
· Compagnie de Saint-Gobain S.A.
· CRH PLC
· Ferguson PLC
· Grasim Industries Limited
· HeidelbergCement AG
· Jaypee Group
· LafargeHolcim Ltd.
· Lixil Group Corporation
· UltraTech Cement Ltd.
· Other Players
Segments
By Materials
· Aggregates
· Concrete Bricks
· Ceramic Facing & Floor Tiles
· Composites
· Glass
· Metal
· Precast Concrete
· Wood & Wood Products
· Others
By Application
· Residential Sector
· Industrial Sector
· Commercial Sector
· Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Global Building Materials Market: Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Reasons to Purchase Building Materials Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Product Overview and Scope of Building Materials
1.2 Building Materials Segment by Type
1.2.1 Global Building Materials Market Size Growth Rate Analysis by Type 2022 VS 2030
1.2.2 PVC Pipes and Fittings
1.2.3 PPR Pipes and Fittings
1.2.4 PE Pipes and Fittings
1.2.5 Others
1.3 Building Materials Segment by Application
1.3.1 Global Building Materials Consumption Comparison by Application: 2016 VS 2021 VS 2030
1.3.2 Drainage/Sewage
1.3.3 Drinking Water
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Building Materials Revenue Estimates and Forecasts (2016-2030)
1.4.2 Global Building Materials Production Capacity Estimates and Forecasts (2016-2030)
1.4.3 Global Building Materials Production Estimates and Forecasts (2016-2030)
1.5 Global Building Materials Market by Region
1.5.1 Global Building Materials Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 2030
1.5.2 North America Building Materials Estimates and Forecasts (2016-2030)
1.5.3 Europe Building Materials Estimates and Forecasts (2016-2030)
1.5.5 China Building Materials Estimates and Forecasts (2016-2030)
1.5.5 Japan Building Materials Estimates and Forecasts (2016-2030)
2 Market Competition by Manufacturers
2.1 Global Building Materials Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Building Materials Revenue Market Share by Manufacturers (2016-2021)
2.3 Building Materials Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Building Materials Average Price by Manufacturers (2016-2021)
2.5 Manufacturers Building Materials Production Sites, Area Served, Product Types
2.6 Building Materials Market Competitive Situation and Trends
2.6.1 Building Materials Market Concentration Rate
2.6.2 Global 5 and 10 Largest Building Materials Players Market Share by Revenue
2.6.3 Mergers & Acquisitions, Expansion
3 Production and Capacity by Region
3.1 Global Production Capacity of Building Materials Market Share by Region (2016-2021)
3.2 Global Building Materials Revenue Market Share by Region (2016-2021)
3.3 Global Building Materials Production, Revenue, Price and Gross Margin (2016-2021)
3.4 North America Building Materials Production
3.4.1 North America Building Materials Production Growth Rate (2016-2021)
3.4.2 North America Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe Building Materials Production
3.5.1 Europe Building Materials Production Growth Rate (2016-2021)
3.5.2 Europe Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
3.6 China Building Materials Production
3.6.1 China Building Materials Production Growth Rate (2016-2021)
3.6.2 China Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
3.7 Japan Building Materials Production
3.7.1 Japan Building Materials Production Growth Rate (2016-2021)
3.7.2 Japan Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
4 Global Building Materials Consumption by Region
4.1 Global Building Materials Consumption by Region
4.1.1 Global Building Materials Consumption by Region
4.1.2 Global Building Materials Consumption Market Share by Region
4.2 North America
4.2.1 North America Building Materials Consumption by Country
4.2.2 U.S.
4.2.3 Canada
4.3 Europe
4.3.1 Europe Building Materials Consumption by Country
4.3.2 Germany
4.3.3 France
4.3.4 U.K.
4.3.5 Italy
4.3.6 Russia
4.4 Asia Pacific
4.4.1 Asia Pacific Building Materials Consumption by Region
4.4.2 China
4.4.3 Japan
4.4.4 South Korea
4.4.5 Taiwan
4.4.6 Southeast Asia
4.4.7 India
4.4.8 Australia
4.5 Latin America
4.5.1 Latin America Building Materials Consumption by Country
4.5.2 Mexico
4.5.3 Brazil
5 Production, Revenue, Price Trend by Type
5.1 Global Building Materials Production Market Share by Type (2016-2021)
5.2 Global Building Materials Revenue Market Share by Type (2016-2021)
5.3 Global Building Materials Price by Type (2016-2021)
6 Consumption Analysis by Application
6.1 Global Building Materials Consumption Market Share by Application (2016-2021)
6.2 Global Building Materials Consumption Growth Rate by Application (2016-2021)
7 Key Companies Profiled
7.1 Hepworth
7.1.1 Hepworth Building Materials Corporation Information
7.1.2 Hepworth Building Materials Product Portfolio
7.1.3 Hepworth Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.1.4 Hepworth Main Business and Markets Served
7.1.5 Hepworth Recent Developments/Updates
7.2 National Plastic Industry
7.2.1 National Plastic Industry Building Materials Corporation Information
7.2.2 National Plastic Industry Building Materials Product Portfolio
7.2.3 National Plastic Industry Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.2.4 National Plastic Industry Main Business and Markets Served
7.2.5 National Plastic Industry Recent Developments/Updates
7.3 Hira Industries
7.3.1 Hira Industries Building Materials Corporation Information
7.3.2 Hira Industries Building Materials Product Portfolio
7.3.3 Hira Industries Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.3.4 Hira Industries Main Business and Markets Served
7.3.5 Hira Industries Recent Developments/Updates
7.4 Florance Plastic Industries
7.4.1 Florance Plastic Industries Building Materials Corporation Information
7.4.2 Florance Plastic Industries Building Materials Product Portfolio
7.4.3 Florance Plastic Industries Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.4.4 Florance Plastic Industries Main Business and Markets Served
7.4.5 Florance Plastic Industries Recent Developments/Updates
7.5 Polyfab Plastic Industry
7.5.1 Polyfab Plastic Industry Building Materials Corporation Information
7.5.2 Polyfab Plastic Industry Building Materials Product Portfolio
7.5.3 Polyfab Plastic Industry Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.5.4 Polyfab Plastic Industry Main Business and Markets Served
7.5.5 Polyfab Plastic Industry Recent Developments/Updates
7.6 MPI
7.6.1 MPI Building Materials Corporation Information
7.6.2 MPI Building Materials Product Portfolio
7.6.3 MPI Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.6.4 MPI Main Business and Markets Served
7.6.5 MPI Recent Developments/Updates
7.7 Union Pipes Industry
7.7.1 Union Pipes Industry Building Materials Corporation Information
7.7.2 Union Pipes Industry Building Materials Product Portfolio
7.7.3 Union Pipes Industry Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.7.4 Union Pipes Industry Main Business and Markets Served
7.7.5 Union Pipes Industry Recent Developments/Updates
7.8 ANABEEB
7.8.1 ANABEEB Building Materials Corporation Information
7.8.2 ANABEEB Building Materials Product Portfolio
7.8.3 ANABEEB Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.8.4 ANABEEB Main Business and Markets Served
7.7.5 ANABEEB Recent Developments/Updates
7.9 Borouge
7.9.1 Borouge Building Materials Corporation Information
7.9.2 Borouge Building Materials Product Portfolio
7.9.3 Borouge Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.9.4 Borouge Main Business and Markets Served
7.9.5 Borouge Recent Developments/Updates
7.10 ACO Group
7.10.1 ACO Group Building Materials Corporation Information
7.10.2 ACO Group Building Materials Product Portfolio
7.10.3 ACO Group Building Materials Production Capacity, Revenue, Price and Gross Margin (2016-2021)
7.10.4 ACO Group Main Business and Markets Served
7.10.5 ACO Group Recent Developments/Updates
8 Building Materials Manufacturing Cost Analysis
8.1 Building Materials Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Raw Materials Price Trend
8.1.3 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Building Materials
8.4 Building Materials Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Building Materials Distributors List
9.3 Building Materials Customers
10 Market Dynamics
10.1 Building Materials Industry Trends
10.2 Building Materials Growth Drivers
10.3 Building Materials Market Challenges
10.4 Building Materials Market Restraints
11 Production and Supply Forecast
11.1 Global Forecasted Production of Building Materials by Region (2022-2030)
11.2 North America Building Materials Production, Revenue Forecast (2022-2030)
11.3 Europe Building Materials Production, Revenue Forecast (2022-2030)
11.4 China Building Materials Production, Revenue Forecast (2022-2030)
11.5 Japan Building Materials Production, Revenue Forecast (2022-2030)
12 Consumption and Demand Forecast
12.1 Global Forecasted Demand Analysis of Building Materials
12.2 North America Forecasted Consumption of Building Materials by Country
12.3 Europe Market Forecasted Consumption of Building Materials by Country
12.4 Asia Pacific Market Forecasted Consumption of Building Materials by Region
12.5 Latin America Forecasted Consumption of Building Materials by Country
13 Forecast by Type and by Application (2022-2030)
13.1 Global Production, Revenue and Price Forecast by Type (2022-2030)
13.1.1 Global Forecasted Production of Building Materials by Type (2022-2030)
13.1.2 Global Forecasted Revenue of Building Materials by Type (2022-2030)
13.1.3 Global Forecasted Price of Building Materials by Type (2022-2030)
13.2 Global Forecasted Consumption of Building Materials by Application (2022-2030)
14 Research Finding and Conclusion
15 Methodology and Data Source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 Author List
15.4 Disclaimer
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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