IMARC Group’s latest report, titled “Construction Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market global construction materials market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global construction materials market size reached US$ 1,177.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,516.90 Million by 2028, exhibiting a growth rate (CAGR) of 4.15% during 2023-2028.
Construction Materials Market Overview:
Construction materials refer to the wide array of substances used in the building and construction sector for creating structures such as residential buildings, commercial complexes, and infrastructure projects like bridges and roads. These materials vary significantly in composition, strength, and application, encompassing everything from traditional products, such as cement, wood, and steel, to modern innovations like engineered composites and eco-friendly, bio-based materials. The key aspects considered when selecting construction materials include durability, cost-effectiveness, and environmental impact. Each material type offers its own set of advantages: steel is known for its strength, wood for its versatility, and emerging materials like aerogels and graphene have unique thermal and mechanical properties. Moreover, the correct choice and application of construction materials can lead to increased efficiency in the construction process, enhanced sustainability, and long-term cost savings.
Request a Sample Report: https://www.imarcgroup.com/construction-materials-market/requestsample
Competitive Landscape with Key Players:
- Aditya Birla Management Corporation Pvt. Ltd.
- Arauco North America Inc.
- ArcelorMittal S.A.
- Boral Limited
- Cemex S.A.B. de C.V.
- CRH plc
- HeidelbergCement
- Holcim Group
- JK Cement Ltd.
- Kronoplus Limited
- Nippon Steel Corporation
- Sika AG
Construction Materials Market Trends:
The global construction materials market is majorly driven by rapidly growing cities necessitating the construction of more buildings and infrastructure. Additionally, the growing emphasis on sustainable construction is supporting the market towards eco-friendly materials that have minimal environmental impact. Along with this, technological advancements are enabling the creation of smart materials that are structurally sound and possess attributes such as self-healing and thermal energy storage. In addition, public and private investments in construction projects, particularly in emerging economies, are substantially contributing to market growth. Moreover, the modernization of construction techniques, such as the adoption of 3D printing and modular construction, are also pivotal in shaping the market. These innovative methods often require specialized materials, thereby creating new opportunities for manufacturers. Furthermore, the rise in infrastructure projects related to transportation and energy is creating a positive market outlook.
Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/construction-materials-market
Key Market Segmentation:
Breakup by Material Type:
- Aggregates
- Cement
- Bricks and Blocks
- Metals
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
