Home > Construction > Construction Materials > Structural Materials > Building Materials Market

Building Materials Market Trends

  • Report ID: GMI12711
  • Published Date: Dec 2024
  • Report Format: PDF

Building Materials Market Trends

3D printing is increasingly being adopted in construction, utilizing materials such as concrete, plastics, and metal alloys to produce intricate, custom components. This approach not only reduces waste and accelerates construction but also cuts costs by allowing materials to be produced on-site and tailored to specific project requirements.
 

Furthermore, the move towards prefabrication is transforming traditional building methods. By manufacturing modular units and pre-engineered materials off-site, construction time is shortened, waste is minimized, and quality control is significantly improved.
 

Lightweight materials, including aerated concrete, composite materials, and lightweight steel, are witnessing a surge in demand. This uptick is attributed to their ease of handling, expedited construction timelines, and diminished transportation costs. Furthermore, innovations in high-strength concrete, particularly ultra-high-performance concrete (UHPC), are finding their way into major infrastructure projects, encompassing bridges, tunnels, and skyscrapers. These advanced materials not only boast enhanced durability, weather resistance, and strength but also lessen the frequency of required repairs and maintenance.
 

Fluctuating prices of raw materials like cement, steel, and timber can elevate production costs, posing challenges for manufacturers striving to uphold profitability. The building materials sector grapples with mounting pressures to adhere to stringent environmental regulations, potentially escalating costs and complicating operations.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global building materials industry was valued at USD 824.4 billion in 2023 and is projected to grow at a 6.2% CAGR from 2024 to 2032, driven by the increasing adoption of smart materials in construction.

The concrete segment generated USD 300.7 billion in revenue in 2023 and is expected to grow at a 6.5% CAGR from 2024 to 2032, supported by its durability, strength, and cost-effectiveness in infrastructure projects.

The U.S. building materials market was valued at USD 173 billion in 2023 and is forecasted to grow at a 6.3% CAGR from 2024 to 2032, driven by population growth, urbanization, and demand for larger single-family homes.

Key players in the sector include Anhui Conch Cement, Boral Limited, Cement Roadstone Holding, Cemex S.A.B. de C.V., China National Building Material Group Corporation, Etex Group, Heidelberg Materials, and Holcim Group.

Building Materials Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
 Download Free Sample