The Pivotal Study of Global Building Materials Market – Market Synopsis, Industry Key Players, Market Tracking, Regional Forecast till 2026

The Pivotal Study of Global Building Materials Market – Market Synopsis, Industry Key Players, Market Tracking, Regional Forecast till 2026

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

Description:  

According to the report, the building materials market is expected to grow from USD 923,522 million in 2019 to USD 1,702,379 million by 2026, growing at a CAGR of 9.13% from 2019 to 2026.

Increased spending on infrastructure development is propelling the demand for building materials in the global market. The rise in the housing needs of the middle class and the growth in the business activities is spurring an increase in the commercial construction projects, which is further leading to the growth of the global building materials market. Furthermore, growing demand for green building materials coupled particularly in emerging economies is expected to have a positive impact towards this market’s growth.

Building material is any material which is used for construction purposes. Many naturally occurring substances, such as clay, rocks, sand, and wood, even twigs and leaves, have been used to construct buildings. Apart from naturally occurring materials, many man-made products are in use, some more and some less synthetic.

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Competitive Insights

Major manufacturers profiled in the analysis report include CEMEX, China National Building Material Company, HeidelbergCement, LafargeHolcim, Aditya Birla Group, Ambuja Cements, Anhui Conch Cement, Asia Cement, Athabasca Minerals, Atlas Concrete, Beijing Jinyu Group, Boral, and others.

Regional Insights

The Asia-Pacific is the largest producer, accounting for 52.87%, with annual value of exceeded USD 447,417 million in 2018. Moreover, North America and Europe account for 19.63% and 15.29% respectively, ranking the second and the third largest market in the world.

Asia Pacific is expected to keep a considerable growth in the building materials market over the forecast period, owing to the growing residential construction sector coupled with increasing infrastructure development in the economies in this region.  North America is estimated grow at a significant rate in the global building materials market during the forecast period due to the building codes and favorable policies regarding use of such products in the construction industry.

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Type Insights

The various product types are Steel Products, Wood, Cement, Plumbing, Decorative Material, and Other.

Application Insights

The application of the Building Materials market is segmented into Industrial, Commercial, Civilian, and Other.

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Audience

•     Building materials manufacturers

•     Raw material suppliers of building materials

•     Small and Medium-sized Enterprises (SMEs)

•     Distributors and resellers of building materials

•     Building materials industry associations

•     Product managers, industry administrator, C-level executives of the industries

•     Market Research and consulting firms

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