Construction & Building Materials Market by Material, Function, Building Type, Distribution Channel

Description

List of Tables

The Construction & Building Materials Market was valued at USD 1.94 trillion in 2023, expected to reach USD 2.04 trillion in 2024, and is projected to grow at a CAGR of 5.43%, to USD 2.81 trillion by 2030.

The construction and building materials industry's scope encompasses a broad spectrum of products necessary for residential, commercial, and infrastructure projects. This includes cement, concrete, metals, wood, glass, insulation, plumbing, and roofing materials. The necessity of these materials arises from ongoing urbanization, modernization of infrastructure, and advancements in construction techniques. Application spans new building constructions, renovations, and ongoing maintenance, which are crucial for ensuring safety, sustainability, and energy efficiency. The end-use scope is diverse, extending from private and public sectors to specialized facilities like hospitals, schools, and industrial complexes. Key growth factors influencing this market include rapid urban development, increasing investment in infrastructure projects, and a growing emphasis on sustainable construction practices. Advances in technology, such as 3D printing and the Internet of Things (IoT), along with enhanced regulatory standards for energy-efficient buildings, present potential opportunities. Construction companies can capitalize on these by investing in green technologies and smart building solutions.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.94 trillion
Estimated Year [2024]	USD 2.04 trillion
Forecast Year [2030]	USD 2.81 trillion
CAGR (%)	5.43%

However, the market faces challenges such as fluctuating raw material prices, stringent environmental regulations, and skilled labor shortages. Additionally, economic uncertainties can impact funding for large-scale projects, posing risks to market growth. Innovation opportunities exist in developing eco-friendly materials, such as alternative cements and bioplastics, and in enhancing supply chain efficiencies through digitalization. Efforts to improve recycling techniques and circular economy models can also lead to sustainable growth. The nature of the market is dynamic and highly competitive, often dictated by regional demands and regulatory landscapes. Companies focusing on research and development to improve material performance and sustainability are likely to gain a competitive edge. To navigate and thrive in this complex environment, businesses should prioritize collaboration with technology firms and invest in training programs that address skill shortages while adopting agile strategies to mitigate the effects of market volatility.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Construction & Building Materials Market

The Construction & Building Materials Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increased urbanisation and construction of high rise building globally
- Growing industrialization leading to development of commercial buildings
- Government investments to expand construction activities
Market Restraints
- Concerns associated with the construction & building material cost and raw material price volatility
Market Opportunities
- Use of green building materials and the growing trend of energy-efficient structures
- Development of innovative construction materials
Market Challenges
- Challenges associated with ensuring consistent quality across construction materials

Porter's Five Forces: A Strategic Tool for Navigating the Construction & Building Materials Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Construction & Building Materials Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Construction & Building Materials Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Construction & Building Materials Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Construction & Building Materials Market

A detailed market share analysis in the Construction & Building Materials Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Construction & Building Materials Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Construction & Building Materials Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Construction & Building Materials Market

A strategic analysis of the Construction & Building Materials Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Construction & Building Materials Market, highlighting leading vendors and their innovative profiles. These include Ambuja Cements Ltd. by Adani Group, Anhui Conch Cement Co., Ltd., ArcelorMittal S.A., Asia Cement Public Company Ltd., Atad Steel Structure Corporation, Athabasca Minerals Inc., BBMG Corporation Ltd., Boral Limited, CEMEX S.A.B. de C.V., China National Building Material Co., Ltd., Compagnie de Saint-Gobain S.A., CRH PLC, HeidelbergCement AG, Holcim Group, Kirby Building Systems, LafargeHolcim Ltd., Lindab Group, Lixil Group Corporation, Memaar Building Systems, Nippon Steel Corporation, Norsteel Buildings, Nucor Corporation, Sumitomo Corporation, USG Corporation, Vulcan Materials Company, and Wienerberger AG.

Market Segmentation & Coverage

This research report categorizes the Construction & Building Materials Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Material, market is studied across Aggregates, Bricks, Cement, Ceramic Facing & Floor Tiles, Composites, Concrete, Glass, Metal, Sealants, Adhesives & Waterproofing Compounds, and Timber. The Metal is further studied across Aluminum, Copper, Iron, and Steel.
Based on Function, market is studied across Architectural Materials, Auxiliary Materials, and Structural Materials.
Based on Building Type, market is studied across Commercial Building Construction, Industrial Construction, Infrastructure & Heavy Civil Construction, and Residential Building Construction. The Residential Building Construction is further studied across Multi-Family Housing and Single-Family Housing.
Based on Distribution Channel, market is studied across Offline and Online.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-943F70507770

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increased urbanisation and construction of high rise building globally
  - 5.1.1.2. Growing industrialization leading to development of commercial buildings
  - 5.1.1.3. Government investments to expand construction activities
- 5.1.2. Restraints
  - 5.1.2.1. Concerns associated with the construction & building material cost and raw material price volatility
- 5.1.3. Opportunities
  - 5.1.3.1. Use of green building materials and the growing trend of energy-efficient

structures

5.1.3.2. Development of innovative construction materials

5.1.4. Challenges
- 5.1.4.1. Challenges associated with ensuring consistent quality across construction materials

5.2. Market Segmentation Analysis
- 5.2.1. Material: Increasing preferences for recycled metals and sustainably sourced timber
- 5.2.2. Building Type: Growing preferences for aesthetic appearance and sustainability of construction material in commercial and residential constructions
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Construction & Building Materials Market, by Material

6.1. Introduction
6.2. Aggregates
6.3. Bricks
6.4. Cement
6.5. Ceramic Facing & Floor Tiles
6.6. Composites
6.7. Concrete
6.8. Glass
6.9. Metal
- 6.9.1. Aluminum
- 6.9.2. Copper
- 6.9.3. Iron
- 6.9.4. Steel
6.10. Sealants, Adhesives & Waterproofing Compounds
6.11. Timber

7. Construction & Building Materials Market, by Function

7.1. Introduction
7.2. Architectural Materials
7.3. Auxiliary Materials
7.4. Structural Materials

8. Construction & Building Materials Market, by Building Type

8.1. Introduction
8.2. Commercial Building Construction
8.3. Industrial Construction
8.4. Infrastructure & Heavy Civil Construction
8.5. Residential Building Construction
- 8.5.1. Multi-Family Housing
- 8.5.2. Single-Family Housing

9. Construction & Building Materials Market, by Distribution Channel

9.1. Introduction
9.2. Offline
9.3. Online

10. Americas Construction & Building Materials Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Construction & Building Materials Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Construction & Building Materials Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Strategic Partnership Enhances Building Material Supply Chain in Saudi Arabia
- 13.3.2. Strategic Partnership Enhances E-Commerce for LBM Dealers through Specialty Building Products and Toolbx Alliance
- 13.3.3. Building Materials Firm Etex Launches Offsite Construction Brand
- 13.3.4. JSW Steel to Acquire National Steel and Agro Industries For INR 621 cr.
- 13.3.5. Holcim Launches Ecocycle To Scale Up Circular Construction
- 13.3.6. Austria's Voestalpine Approves Euro 1.5bn Green Steel Investment
- 13.3.7. Oness Infra Introduces Innovations in Building Materials for Enhanced Construction Quality
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Ambuja Cements Ltd. by Adani Group
2. Anhui Conch Cement Co., Ltd.
3. ArcelorMittal S.A.
4. Asia Cement Public Company Ltd.
5. Atad Steel Structure Corporation
6. Athabasca Minerals Inc.
7. BBMG Corporation Ltd.
8. Boral Limited
9. CEMEX S.A.B. de C.V.
10. China National Building Material Co., Ltd.
11. Compagnie de Saint-Gobain S.A.
12. CRH PLC
13. HeidelbergCement AG
14. Holcim Group
15. Kirby Building Systems
16. LafargeHolcim Ltd.
17. Lindab Group
18. Lixil Group Corporation
19. Memaar Building Systems
20. Nippon Steel Corporation
21. Norsteel Buildings
22. Nucor Corporation
23. Sumitomo Corporation
24. USG Corporation
25. Vulcan Materials Company
26. Wienerberger AG