Construction Materials Market, By Material Type, By Application, By Geography

Description

The global construction materials market is estimated to be valued at USD 1.47 Tn in 2024 and is expected to reach USD 2.29 Tn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.47 Tn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.50%	2031 Value Projection:	US$ 2.29 Tn

Figure. Construction Materials Market Share (%), By Region, 2024

Construction materials refer to the raw materials that are used in the construction and building industry for various types of structures. Concrete, cement, and aggregates form a bulk of the construction materials and find widespread application in building highways, roads, bridges, buildings, and other infrastructure projects. Favorable government initiatives towards infrastructure development and rising investments in commercial and residential construction projects are some of the key factors driving the demand for construction materials worldwide. However, fluctuations in raw material prices and stringent environmental regulations restricting the use of certain materials may hamper the market growth to some extent over the coming years.

Market Dynamics:

The global construction materials market is primarily driven by factors such as rapid urbanization, growing population, rising disposable income, and favorable government policies promoting infrastructure development projects. Rapid urbanization has resulted in tremendous growth in residential, commercial, and industrial construction activities. In addition, growing government investments towards upgrading public infrastructure, such as roads, railways, airports, bridges, and dams, is augmenting the consumption of construction materials. However, fluctuations in raw material prices remain a key challenge for market players as it adds to production cost uncertainties. Nonetheless, increasing investments in green building projects and recycled construction materials present lucrative opportunities in the forthcoming years.

Key Features of the Study:

This report provides in-depth analysis of the global construction materials market and provides market size (US$ Tn) and compound annual growth rate (CAGR%) for the forecast period 2024-2031, considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global construction materials market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include LafargeHolcim, HeidelbergCement, CRH plc, Cemex S.A.B. de C.V., Martin Marietta Materials, Inc., Boral Limited, Lehigh Hanson, Inc., Saint-Gobain, Taiheiyo Cement Corporation, Groupe Eiffage, China National Building Material Group Corporation, Anhui Conch Cement Company, UltraTech Cement Limited, James Hardie Industries plc, Knauf GIPS KG, Kiewit Corporation, Sika AG, Fletcher Building Limited, BASF SE, and Ytong (Xella Group)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global construction materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global construction materials market

Detailed Segmentation-

By Material Type Insights (Revenue, USD Tn, 2019 - 2031)
- Cement
- Aggregates
- Concrete
- Metals
- Bricks and Blocks
By Application Insights (Revenue, USD Tn, 2019 - 2031)
- Residential Construction
- Commercial Construction
- Infrastructure
- Industrial Construction
Regional Insights (Revenue, USD Tn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- LafargeHolcim
- HeidelbergCement
- CRH plc
- Cemex S.A.B. de C.V.
- Martin Marietta Materials, Inc.
- Boral Limited
- Lehigh Hanson, Inc.
- Saint-Gobain
- Taiheiyo Cement Corporation
- Groupe Eiffage
- China National Building Material Group Corporation
- Anhui Conch Cement Company
- UltraTech Cement Limited
- James Hardie Industries plc
- Knauf GIPS KG
- Kiewit Corporation
- Sika AG
- Fletcher Building Limited
- BASF SE
- Ytong (Xella Group)

Product Code: CMI7423

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Construction Materials Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Construction Materials Market - COVID-19
Impact Analysis

5. Global Construction Materials Market, By Material Type, 2019-2031 (US$ Tn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Cement
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Aggregates
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Concrete
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Metals
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Bricks and Blocks
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Construction Materials Market, By Application, 2019-2031 (US$ Tn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Residential Construction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Commercial Construction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Infrastructure
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Industrial Construction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Construction Materials Market, By Region, 2019-2031 (US$ Tn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Tn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Tn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Tn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Tn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Tn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Tn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Tn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Tn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Tn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Tn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Tn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Tn)
- Regions/Countries
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- LafargeHolcim
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- HeidelbergCement
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- CRH plc
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Cemex S.A.B. de C.V.
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Martin Marietta Materials, Inc.
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Boral Limited
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Lehigh Hanson, Inc.
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Saint-Gobain
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Taiheiyo Cement Corporation
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Groupe Eiffage
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- China National Building Material Group Corporation
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Anhui Conch Cement Company
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- UltraTech Cement Limited
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- James Hardie Industries plc
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Knauf GIPS KG
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Kiewit Corporation
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Sika AG
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Fletcher Building Limited
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Ytong (Xella Group)
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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