Global Building Materials Market 2024-2030

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    BUILDING MATERIALS MARKET

     

    KEY FINDINGS

    1. The Asia-Pacific region accounted for the largest share of the global building materials market in 2022 and is expected to remain the dominant market in the coming years. The region is witnessing rapid urbanization and economic growth, which is fueling the demand for construction materials.
    2. Concrete and steel are the two most widely used building materials in the world. Concrete is used in a wide range of construction applications, including foundations, walls, floors, and bridges. Steel is used in structural applications, such as frames, beams, and columns.
    3. The prices of raw materials, such as steel, concrete, and wood, have been rising in recent years. This is due to a number of factors, including inflation, supply chain disruptions, and increased demand.
    4. Governments around the world are implementing stricter environmental regulations on the building materials industry. This is increasing the cost of producing and using certain building materials.
    5. Technology is transforming the building materials industry in a number of ways. For example, drones are being used to survey construction sites and 3D printing is being used to create custom building components. Technology is also being used to develop new and innovative building materials.
    6. The global population is becoming increasingly urbanized, with more and more people moving to cities. This is driving demand for new housing, infrastructure, and other commercial and industrial construction projects.
    7. The emerging markets, such as China, India, and Brazil, are experiencing rapid economic growth. This is leading to increased demand for building materials in these markets.
    8. There is a growing trend towards the use of sustainable building materials. Sustainable building materials are those that are made from recycled or renewable resources, have a low environmental impact, and are energy-efficient. Some examples of sustainable building materials include recycled concrete, bamboo, and cork.

     

    BUILDING MATERIALS MARKET MARKET OVERVIEW

    The global building materials market is a large and growing market, with a value of over USD 1 trillion in 2022. The market is driven by a number of factors, including urbanization, population growth, and rising infrastructure spending.

     

    The concrete segment is the largest segment of the global building materials market, accounting for over 30% of the market share. The steel segment is the second-largest segment, accounting for over 20% of the market share.

     

    The global building materials market is dominated by Asia-Pacific, which accounts for over 50% of the market share. North America and Europe are the second- and third-largest markets, respectively.

     

    There is a growing demand for new and innovative building materials. This is being driven by the need for building materials that are stronger, lighter, more durable, and more energy-efficient. Businesses that can develop and produce new building materials are well-positioned to capitalize on this growing demand.

     

    The global building materials market is a large and growing market with a number of investment opportunities. Businesses that can capitalize on the trends mentioned above are well-positioned to succeed in this market.

     

    INTRODUCTION

    The construction systems and materials used only for building projects, including such supplies for home construction. The much more frequent building materials used during development include lumber, concrete, gravel, alloys, bricks, masonry, and clay. The selection of these is dependent on potential economic feasibility for construction projects.

     

    Numerous abundantly available materials, including clay, sand, wood, and pebbles, as well as twigs and leaves, have already been utilized to create structures.

     

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    Aside from naturally existing substances, various man-made items, some more and some less synthetic, are already in use. Construction materials manufacturing is a well-established business in many jurisdictions, and its use is often separated into certain specialist trades including such woodworking, piping, roofing, and insulating construction.

     

    Natural and synthetic substances are the two broad categories of construction products. Natural materials are all those which have not been treated or have been produced lightly by industry, including such timber or glass.

     

    Numerous man-made components have been developed in recent years, including some that are synthetic. Although still not ecological, some of these are utilized to create efficient and environmentally friendly dwellings, such as 3D buildings that meet environmentally friendly construction requirements.

     

    Other allied specialist trades, including tiling, plumbing, roofing, carpentry, and insulation work, profit from building products manufacture as well. Apart from timber, mud, stone, and fibrous plants constitute some among the most commonly utilized construction materials.

     

    To know more about Global Green Building Materials Market, read our report

     

    BUILDING MATERIALS MARKET DYNAMICS

     

    Sr. No. Timeline Company Updates
    1 January 2022 Killara and Carbon Cure Killara announced partnership with Carbon Cure to deliver a lower carbon concrete solution as part of its overall strategy to bring more sustainable solutions to its customers.
    2 October 2021 Carbon Cure Technologies & Aztec Industries Carbon Cure Technologies entered into a strategic partner agreement with Aztec Industries, Inc. to exponentially expand and accelerate Carbon Cure’s market penetration via one of North America’s largest comprehensive concrete equipment manufacturers
    3 August 2020 By Fusion By Fusion announced off-take partnership with Ocean Voyages Institute (OVI) to repurpose 20 tons of marine debris and plastic waste into construction grade building materials
    4 August 2019 Carbon Cure Technologies and Linde Carbon Cure Technologies and Linde partnered to introduce the award-winning Carbon Cure Technology to Europe, Southeast Asia and Oceania. The alliance allowed Carbon Cure to accelerate international adoption of Carbon Cure’s turnkey carbon solution for the concrete industry.

     

    Building development in the residential segment is expanding as a result of a growth in the number of building standards and policies requiring energy-efficient constructions. This has resulted in the development of a market for environmentally friendly and energy-efficient materials used in home building.

     

    With heightened consumer consciousness and economic status, the usage of environmentally friendly materials, as well as the developing trend of energy-efficient constructions in high-rise housing developments and communities, have increased demand for stronger and higher-quality construction materials in the future years.

     

    Construction materials of wide assortment are growing in popularity in household constructions, attributable to a growing desire for components that really are energy-efficient, moisture-resistant, robust, and easy to manage.

     

    COVID-19 had an unfavorable effect on the decisions. Numerous nations were compelled to go into quarantine because of the catastrophic scenarios. Housing construction has ceased all around the world, particularly in major construction centers such as China, India, and Japan.

     

    Construction businesses are constantly on the lookout for material advancements in order to maintain a competitive advantage. Buildings constructed using cutting-edge materials will be better suited to address current issues, minimize their environmental footprint, and create an influence in the business.

     

    Increased government spending on infrastructure investment, rebuilding, and maintenance, which including highways and bridges improvements, fuels revenue growth.

     

    Furthermore, ready-mix concrete and prefabricated goods and pieces save a significant amount of time in manufacture, shipment, and assembly.

     

    These items are much less expensive to manufacture since there is less waste. Supply chain delays, shutdowns owing to regulatory measures imposed to stem the transmission of the infection, and inadequate staffing due to medical reasons and prophylactic quarantines all had a detrimental effect on the economy. As a result, the COVID-19 outbreak’s impact and uncertainty worked as a major impediment in growth and high usage of construction materials.

     

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    PRODUCT DEVELOPMENT AND INNOVATION

    Excel Stone Max is a ground-breaking building material created to raise the bar for toughness and beauty in the construction sector. Excel Stone Max provides unrivaled strength, adaptability, and beauty for a variety of applications thanks to its unique features and cutting-edge technology.

     

    The specific mixture of premium aggregates and binders that forms the basis of Excel Stone Max was painstakingly crafted to provide remarkable durability and long-lasting performance.

     

    To ensure constant quality and excellent strength, the material goes through a rigorous production process. Due to its unique formulation, Excel  Stone Max is suitable for both indoor and outdoor applications because it can survive harsh weather, large loads, and everyday wear and tear.

     

    Excel Stone Max’s adaptability is one of its main benefits. It can be utilized for a number of things, such as outside facades, wall cladding, floors, countertops, and countertops. It is a popular option among architects, designers, and homeowners alike because of its natural stone-like appearance, which gives a touch of sophistication and elegance to any area.

     

    The advantages of Excel Stone Max make it distinct from other building materials. First off, it requires less repairs or replacements over time thanks to its outstanding strength and resilience to chipping and breaking. This promotes environmentally friendly building methods while also saving time and money.

     

    Furthermore, Excel Stone Max is non-porous, which greatly increases its resistance against stains and dampness. This feature makes it a great option for high-traffic areas like kitchens, bathrooms, and commercial spaces that are vulnerable to spills or moisture exposure. Additionally adding to its attractiveness in both residential and commercial applications is the non-porous character of the material, which also makes cleaning and maintenance simple.

     

    Furthermore, the abundance of colors, textures, and finishes that Excel Stone Max offers enable builders and designers to express their creativity and create visually spectacular designs. Excel Stone Max may be tailored to fit any design idea, whether it’s a clean, contemporary appearance or a rustic, natural feel.

     

    Excel Stone Max’s lightweight construction and uniform dimensions make the installation process simple and effective. This not only speeds up the construction process but also lowers labor expenditures. Additionally, its seamless installation produces a polished finish that is smooth and adds to the overall aesthetic appeal.

     

    In terms of the surroundings, Excel Stone Max is a wise pick. Its manufacturing procedure reduces waste and uses recycled resources, helping to promote sustainable building methods. Additionally, due to its extended lifespan, less replacement will be needed, which has a less negative influence on the environment.

     

    Modern building materials like Weather Guard Elite provide better protection from the elements, making them the best option for construction projects in a variety of weather conditions. This ground-breaking item is made to survive severe weather conditions while retaining its robustness and integrity. We will examine the characteristics and advantages of Weather Guard Elite in this post, emphasizing the distinctive qualities that make it stand out from competing building materials.

     

    The extraordinary resistance of Weather Guard Elite to water infiltration is one of its distinguishing features. A strong barrier against moisture is created by the material’s engineering, which combines a special mix of hydrophobic agents with cutting-edge sealants.  Additionally, Weather Guard Elite provides superior UV protection.

     

    Specialized additives are incorporated into the material to effectively reflect and absorb harmful UV rays, which are known to fade, discolor, and deteriorate conventional construction materials. A cost-effective option for long-term construction projects, Weather Guard Elite maintains its visual appeal and structural integrity for an extended lifespan because to its UV-resistant qualities.

     

     

    BUILDING MATERIALS MARKET SEGMENTATION

    The Global Building Materials Market can be segmented into following categories for further analysis.

     

    By Material Type

    • Concrete
    • Aggregates
    • Wood
    • Plastics
    • Soil – Engineered
    • Additives

     

    By Usage Classification Type

    • Utilities Construction
    • Transportation Structure Construction
    • Telecommunication Structure Construction
    • Industrial Construction
    • Commercial Construction

     

    By End User Type

    • Residential
    • Non Residential

    By Regional Classification

    • North America
    • Europe
    • China
    • Asia Ex China
    • ROW

     

    RECENT TECHNOLOGICAL TRENDS INBUILDING MATERIALS MARKET

     

    Sr. No. Timeline Company Updates
    1 February 2021 Taka taka Plastics Taka taka Plastics developed small machines to turn plastic waste into building materials and protective visors for front line Covid-19 caregivers.
    2 Bauer Bauer worked alongside both Knorr Consultants and Morrison Construction to innovate flat roof waterproofing as well as a sustainable energy source in the form of solar PV panels.
    3 March 2020 Plasticity Plasticity stretched recycled plastic like taffy for Mother of Pearl furniture. Monolithic slabs of pearlescent polycarbonate make up the latest designs from Dutch startup Plasticity, which aim to bring new value to recycled plastic.
    4 August 2019 JD Composites Nova Scotia-based JD Composites built a three-bedroom home looking over the Meegan River from more than 600,000 plastic water bottles.
    5 June 2019 By Fusion By Fusion unveiled a remarkable solution to the plastic waste crisis, the By Fusion Blocker, which converts 100 percent of plastic waste into an advanced building material called By Block, diverting it from landfills and the environment.

     

    The industry for sustainable building materials is being pushed primarily by growing public awareness and emerging regulatory construction limitations imposed by governments to encourage the use of eco – friendly materials for infrastructure investment.

     

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    Furthermore, when compared to conventional building materials, the replacement material uses less energy to produce and emits less carbon. As a result, they are environmentally benign and suitable for usage as an alternative building material.

     

    Furthermore, green accreditation from the Leadership in Energy and Environmental Development (LEED) programme results in significant tax and grant savings.

     

    CLT is a durable and sustainable type of solid hardwood that does not necessitate any use of energy sources throughout its production. It is created by gluing sheets of solid-sawn lumber simultaneously, with the layers laying orthogonal to one another and giving it higher mechanical properties and durability. CLT, which began in Europe and is now widely used across the world, is a great building material due to its durability.

     

    Alongside this, the major building material of rammed earth is also technologically favored in the market environment. Rammed earth development, which is primarily found in Ghana, is a locally accessible material utilized in a building technology that compresses soil inside wooden crates.

     

    To produce resilience and endurance, the ample clay is deposited in layers of 15m tall and crushed using equipment. This product has indeed been held in high esteem as an artistic resource upon that Sub-Saharan African continent, in addition to its environmental and socioeconomic merits in the construction of dwellings.

     

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    BUILDING MATERIALS MARKET RECENT PARTNERSHIP

    lty building products component manufacturing platform – North American Specialty Laminations (“American Laminations”) – in partnership with building industry veteran Ted Rock. BIP and Mr.

     

    Rock founded American Laminations in order to create a best-in-class component profile wrapping and specialty manufacturing company that puts people first.

     

    Kilt has announced a strategic alliance with Betula, a materials technology business based in Finland. The groundbreaking new pact will pave the road for lower carbon emissions in the building industry. Betula is well known for developing Georama technology, which uses industrial waste streams to make a viable cement substitute.

     

    Both Kilt and Bitola have a rich background in product development based on scientific research. Although Bitola’s solutions have been successfully adopted in the concrete industry, floor screed is a completely new application for this raw material that necessitates substantial study and testing.

     

    Lendlease, the multinational real estate business, established a new cooperation with a prominent supplier of sustainable wood for construction at an event in Milan, Italy, in an effort to reduce the embedded carbon in its buildings.

     

    In Milan, where Lendlease is working on urbanization projects, a new studio will be established to develop sustainable timber products and assist their spread across the company’s European development projects.

     

    Building Industry Partners LLC (“BIP”), the leading building industry-focused private equity investment firm, has formed a new specialty building products component manufacturing platform – North American Specialty Laminations (“American Laminations”) – in partnership with building industry veteran Ted Rock.

     

    BIP and Mr. Rock founded American Laminations in order to create a best-in-class component profile wrapping and speciality manufacturing company that puts people first.

     

    TRENDS IN GLOBAL BUILDING MATERIALS MARKET

     

    • Self-healing concrete: Self-healing concrete is a type of concrete that can repair itself when it cracks. This is done by embedding bacteria in the concrete that produce a mineral that fills in cracks.
    • Transparent concrete: Transparent concrete is a type of concrete that allows light to pass through it. This is done by using optical fibers or other materials in the concrete mix.
    • Aerogel insulation: Aerogel insulation is a type of insulation that is made from a gel that has been dried to remove almost all of the water. This makes it extremely lightweight and effective at insulating buildings.
    • Phase change materials: Phase change materials are materials that absorb and release heat as they change phase from solid to liquid or vice versa. This can be used to regulate the temperature of buildings and save energy.

     

    BUILDING MATERIALS MARKET COMPETITIVE LANDSCAPE

    Natural catastrophes and high expenses, as well as environmental issues and inefficiencies, make it difficult for the business to meet demand while sustaining output.

     

    Construction projects utilize 50% of our natural resources, resulting in increased prices, longer development periods, and scrap material. To overcome a few of these issues, several forward-thinking companies are creating a new wave of construction materials. Materials are produced to really be smarter, tougher, self-sustaining, leaner, and more environmentally friendly.

     

    Basilisk is one of the leading and global developers of self-healing building material technology integrated within the regular concrete structure. It has developed a variety of novel products and encourages Self-Healing Concrete. The technique depends on microorganisms that create limestone, allowing fracture creation in masonry construction to be mended independently. The endurance of the concrete construction is substantially increased in this manner.

     

    The independent restoration mechanism is used in a variety of items that are suitable for both prospective and current constructions. Presently, cracks of up to 1 mm can be mended, but progress is being made.

     

    In partnership with the Delft University of Technique, the technology has been developed and trademarked. Following successful testing, the (concrete) industry’s awareness increased significantly. Bacteria begin to reproduce in the presence of water, oxygen, and nutrition. This should ensure that germs are evenly distributed within the fracture. The microorganisms will begin to transform the available nutrients into calcium carbonate (limestone), which also will possibly cover the fissure.

     

    Decker Yeadon is a leading developer of the architectural based system focused on glass and façade systems in the industry. Engineers created a double-skin glass façade system for big structures that actuates in reaction towards the structure’s internal body temperature. Such technology is known as the Homeostatic Facade System because smart materials manage the climate of the structure in the same way that many microorganisms manage its internal conditions using homeostasis.

     

    The Homeostatic Façade System features muscle-like mechanics that allow the system to automatically control heat transfer and gain, improving efficiency.

     

    Individual parts of the façade can adjust to small-scale alterations in environmental circumstances. The façade’s whirling streamers are made of an elastomeric which is a rubber-like polymer twisted around a flexible polymer fundamental.

     

    An electric potential is distributed over the surface of the elastomer by a silver coating, causing it to expand in the same way as electrical impulses cause muscular contraction.

     

     

    BUILDING MATERIALS MARKET COMPANIES PROFILED

    • 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)

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Building Materials Market size and Forecast, by region, by application
    2. Average B-2-B price for Building Materials Market, by region, per user
    3. Technology trends and related opportunity for new Building Materials Market tech suppliers
    4. Building Materials Market share of leading vendors, by region,
    5. What are the current trends in the global building materials market?
    6. How has the building materials market been affected by recent economic fluctuations?
    7. What are the key drivers of growth in the global building materials industry?
    8. What are the most significant challenges facing the global building materials market?
    9. What regions are experiencing the most rapid growth in the building materials sector?
    10. What innovations are shaping the future of building materials and construction?
    11. What is the market share of major building material companies worldwide?
    12. How is digital technology and automation impacting the manufacturing and distribution of building materials?
    13. What role do energy-efficient materials play in the global building materials market?
    14. How do natural disasters and climate change influence demand for building materials in different regions?
    15. What materials are gaining prominence in the market for sustainable and eco-friendly construction?
    16. How do emerging markets and urbanization impact the demand for building materials?
    17. How do changing consumer preferences and architectural trends affect the choice of building materials?
    18. What are the opportunities and challenges for recycled and upcycled building materials?
    19. How do government infrastructure projects impact the global building materials sector?
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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