Construction Materials Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the construction materials market and it is expected to grow by $ 1123.07 bn, accelerating at a CAGR of almost 16% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Construction Materials Market: Key Trends to impact market growth

Efficiency improvement is one of the key construction materials market trends. The adoption of new technologies and materials will be one of the key construction materials market trends as it will help drive efficiency. Durable concrete, high-performance concrete, mineral admixtures, condensed silica fume, and high-volume fly ash concrete are some of the technologically advanced products.  This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Construction Materials Market: Top Drivers to Boost Demand

Increase in number of smart cities is one of the primary factors driving the growth of the construction materials market. 44% of the market growth will originate from APAC during the forecast period. China and India are the key markets for construction materials in APAC. Market growth in APAC will be faster than the growth of the market in other regions. Growing construction activity in emerging countries will facilitate the construction materials market growth in APAC over the forecast period. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Construction Materials Market Size to Grow by $ 1123.07 Billion through 2021-2025

Vendor Analysis: Adelaide Brighton Ltd., Cementir Holding NV and CEMEX SAB de CV are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 some of the major market participants.

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Construction Materials Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive construction materials market growth during the next five years
  • Precise estimation of the construction materials market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the construction materials market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of construction materials market vendors

The construction materials market has the potential to grow by USD 1123.07 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 15.73%.

This construction materials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (cement, construction aggregate, concrete bricks, construction metals, and others) and geography (APAC, Europe, North America, MEA, and South America). The construction materials market report also offers information on several market vendors, including 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. among others. Preview our latest report

Construction Materials Market Size to Grow by $ 1123.07 Billion through 2021-2025

"The increase in number of smart cities will drive the growth prospects for the Global Construction Materials Market in the forthcoming years. 44% of the market growth will originate from APAC during the forecast period", says senior research analyst for the Materials Industry at Technavio.

Construction Materials Market: Segment Highlights

  • The construction materials market share growth by the cement segment will be significant during the forecast period. At present, cement is one of the most vital commodities in the growing economies as it serves as one of the main ingredients to produce concrete used for mass construction such as buildings, civil works, and industrial estates. The need for augmented construction activities due to the increasing rate of urbanization and industrial development drives the cement market. 
  • 44% of the market growth will originate from APAC during the forecast period. China and India are the key markets for construction materials in APAC. Market growth in APAC will be faster than the growth of the market in other regions. Growing construction activity in emerging countries will facilitate the construction materials market growth in APAC over the forecast period. 

  • The adoption of new technologies and materials will be one of the key construction materials market trends as it will help drive efficiency. Durable concrete, high-performance concrete, mineral admixtures, condensed silica fume, and high-volume fly ash concrete are some of the technologically advanced products.  

Construction Materials Market: Competitive Analysis

Construction Materials Market Size to Grow by $ 1123.07 Billion through 2021-2025

  • The Construction Materials Market is fragmented due to the presence of several vendors.
  • Market vendors focused on market expansion, innovations, and expansion of distribution networks.
  • 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 some of the major market participants. Although the growing demand for MI procedures will offer immense growth opportunities, the high cost of construction materials procedures will challenge the growth of the market participants. 

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report 

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