The Global Market for Construction Materials is Projected to Exceed US$1 Trillion by 2020

Rising Investments in Residential & Infrastructure Projects to Drive the Construction Materials Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Construction Materials. The global market for Construction Materials is projected to exceed US$1 trillion by 2020, driven by improving world economic outlook and recovering construction activity in residential, commercial and infrastructure sectors.

Growth in the global construction materials market is reliant on GDP growth, government spending on infrastructure and the health of the commercial and residential real estate market. Recovering economic growth, housing needs of a growing world population, and focus on infrastructure development are expected to bolster construction activity across residential, commercial and infrastructure. The scenario is poised to benefit demand for a wide range of construction materials. A key factor influencing trends in the construction materials market is population growth, particularly in urban locations across the world. Against the backdrop of population growth and migration towards urban centers, governments across the world are faced with the immediate challenge of addressing housing and infrastructure needs. There is increased demand for housing units in developing countries such as China, India and Brazil, in order to accommodate the needs of the expanding middle class population. This is expected to translate into significant growth opportunities for a range of construction materials, such as cement, bricks, aggregates, and construction steel.

Recovering construction activity in developed economies and strong growth opportunities for residential and infrastructure construction projects in developing nations are expected to boost demand for construction materials in the coming years. Increased focus on sustainable buildings, rising environmental concerns, legislation of building regulations and performance standards for energy efficiency are driving demand for eco-friendly building materials. The growing pressure to reduce the carbon footprint of manufacturing of building materials, companies are employing measures such as gradual rehabilitation of quarries, lowering industrial emissions, particulates and dust, ensuring optimum consumption of water through wastewater recycling and rainwater recovery, and making optimum use of natural resources.

As stated by the new market research report on Construction Materials, Asia-Pacific represents the largest and the fastest growing market, worldwide. Growth in the region is driven by strengthening construction activity, rapid industrialization and urbanization, rising housing needs of a growing population, growth in business activity and the resulting increased in commercial construction projects. China remains the leading construction market worldwide, and despite the slowdown in economic growth in recent years. Urbanization remains one of the major factors driving the Chinese government to invest in housing and infrastructure projects.

Major players covered in the report include Aditya Birla Group, Anhui Conch Cement Company Limited, Boral Limited, Buzzi Unicem SpA, Dyckerhoff AG, CEMEX S.A.B. DE C.V., Cimentos de Portugal SGPS S.A, CRH plc, Oldcastle Inc., CSR Limited, Granite Construction Company, HeidelbergCement AG, Hanson UK, Holcim Ltd., Italcementi S.P.A, James Hardie Industries plc, Lafarge SA, Martin Marietta Materials, Nippon Steel & Sumitomo Metal Corporation, Sumitomo Corporation, Taiheiyo Cement Corporation, Trinity Industries Inc., USG Corporation, Vulcan Materials Company, and Wienerberger AG, among others.

The research report titled “Construction Materials: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Product Segments analyzed into Aggregates (Sand & Gravel and Crushed Rock), Cement, Bricks, and Metal.

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