Construction Materials Market to Reach USD 1,867.16 Billion by 2032

The global construction materials market size was valued at USD 1,320.01 billion in 2023 and is projected to grow from USD 1,369.86 billion in 2024 to USD 1,867.16 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period. The surge is due to increasing spending on infrastructure and escalating demand for residential apartments.
This information is provided by Fortune Business Insights™ in its research report, titled "Construction Materials Market, 2024-2032".

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
• China National Building Material Co., Ltd. (China)
• CRH PLC (Ireland)
• LafargeHolcim Ltd. (Switzerland)
• BBMG Corporation Ltd. (China)
• HeidelbergCement AG (Germany)
• CEMEX S.A.B. de C.V. (Mexico)
• Knauf Gips KG (Germany)
• Lixil Group Corporation (Japan)
• Anhui Conch Cement Co., Ltd. (China)
• Boral Limited (Australia)

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/construction-materials-market-107415

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:
𝐀𝐠𝐠𝐫𝐞𝐠𝐚𝐭𝐞𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐛𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐢𝐧 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭

By material type, the market is categorized into metals, aggregates, bricks and blocks, cement, and others. The aggregates segment is slated to register substantial expansion over the estimated period. The rise is due to the escalating demand for shopping malls, modern workplaces, and commercial buildings.

Residential Segment to Depict Notable Growth Driven by Urban Migration
Based on end-user, the market for construction materials is fragmented into infrastructure, residential, commercial, and industrial. The residential segment is set to depict considerable growth over the projected period. The surge can be credited to the increasing population migration from rural to urban areas on account of escalating government initiatives for residential development.
By geography, the market is subdivided into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report gives an in-depth analysis of the major factors propelling the global business scenario throughout the forthcoming years. It further provides an insight into the key trends driving market expansion over the study period. These insights have been furnished after extensive data collation from trusted sources.

𝑮𝒆𝒕 𝒂 𝑸𝒖𝒐𝒕𝒆:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/construction-materials-market-107415

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐅𝐚𝐯𝐨𝐫𝐚𝐛𝐥𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧

The major aspects propelling the construction materials market growth are increased urbanization and rapid expansion of remote areas. Various governments are considering smarter ways for the management of traffic complexities, improving the quality of life, and enhancing efficiencies.
However, the market expansion may be hampered due to increasing concerns for unfavorable circumstances in construction.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐄𝐦𝐞𝐫𝐠𝐞 𝐚𝐬 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐑𝐞𝐠𝐢𝐨𝐧 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬

The Asia Pacific construction materials market share is slated to depict considerable expansion over the forecast period. The rise is on account of an escalation in infrastructural activities in the region.
The North America market is set to exhibit notable growth throughout the projected period. The surge is driven by increasing dependence of the U.S. construction sector on supplies of aluminum, copper, and fixtures from other countries.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Major Industry Players Roll Out New Products to Strengthen Market Foothold
Key market participants ink collaborative deals and agreements for the purpose of strengthening industry footing. Furthermore, several companies design a range of strategies for boosting the business scenario. Some of the initiatives comprise acquisitions, mergers, and the launch of new products.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
January 2020 - Breedon Group inked an agreement for the acquisition of Cemex U.K. operations. The assets comprise 100 active operations across 6 divisions in the U.K.

𝑹𝒆𝒂𝒅 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏
https://www.fortunebusinessinsights.com/construction-materials-market-107415

𝑹𝒆𝒍𝒂𝒕𝒆𝒅 𝑹𝒆𝒑𝒐𝒓𝒕𝒔 -

Construction Additives Market: https://www.fortunebusinessinsights.com/construction-additives-market-102868

Construction Chemicals Market: https://www.fortunebusinessinsights.com/construction-chemicals-market-102539

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This release was published on openPR.