PUBLISHER: TechNavio | PRODUCT CODE: 1559237
PUBLISHER: TechNavio | PRODUCT CODE: 1559237
The construction materials market is forecasted to grow by USD 964.9 bn during 2023-2028, accelerating at a CAGR of 9.47% during the forecast period. The report on the construction materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of smart cities, increased investments by governments in infrastructure, and increasing construction of green buildings.
Technavio's construction materials market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 8.1% |
CAGR | 9.47% |
Incremental Value | $964.9 bn |
By Product
By End-user
By Geographical Landscape
This study identifies the adoption of technologies to improve efficiency as one of the prime reasons driving the construction materials market growth during the next few years. Also, introduction of smart and self-curing concrete materials and ferrocement and adoption of new construction materials will lead to sizable demand in the market.
The report on the construction materials market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction materials market vendors that include Adbri Ltd., Aditya Birla Management Corp. Pvt. Ltd., BGC Australia PTY Ltd., Birla Corp. Ltd., Cementir Holding NV, CEMEX SAB de CV, Compagnie de Saint Gobain, CRH Plc, Fletcher Building Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, Holcim Ltd., JK Cement Ltd, JMH International Ltd., Nippon Steel Corp., PPC Ltd., Sumitomo Osaka Cement Co. Ltd., The India Cements Ltd, The Ramco Cements Ltd., and Ube Corp.. Also, the construction materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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