NEW YORK, Jan. 21, 2022 /PRNewswire/ -- The construction materials market report by Technavio infers that the rising number of smart cities is driving this market's growth, resulting in the market growth of USD 1,123.07 billion from 2020 to 2025.
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The construction materials market covers the following areas:
Construction Materials Market Sizing
Construction Materials Market Forecast
Construction Materials Market Analysis
Vendor Landscape
The construction materials market is expected to remain fragmented during the forecast period. Vendors are using growth strategies such as focusing on product innovations to compete in the market.
Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, CRH Plc, Fosroc International Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd., and Sumitomo Osaka Cement Co. Ltd. are some of the few key vendors competing to maintain their market position in the market.
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Key Market Segmentation
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Regional Market Outlook
APAC will contribute 44% of the market growth during the forecast period. The growth of this region can be attributed to the growing construction activity in emerging countries. If we look at the country-wise market growth, China and India will contribute to the highest market growth in the region.
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Latest Trends and Drivers in the Construction Materials Market
The global population is increasing with the rise in urbanization. The increasing population has led to a challenge for services such as public transport and road networks. Countries are building smart cities to ease congestion caused by the growing population. This can be done by efficiently solving issues related to public transport and road networks. Thus, the demand for construction materials will increase in the coming years, with the development of smart cities.
The productivity of the construction industry will rise, with the use of new materials and the shifting focus toward the use of prefabricated modular building blocks. Companies should stay updated about technological advances to enhance their customer base and expand their revenue shares. Some of the technologically advanced products include high-performance concrete, durable concrete, condensed silica fume, mineral admixtures, and high-volume fly ash concrete.
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Construction Materials Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16% |
Market growth 2021-2025 |
USD 1,123.07 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.50 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 44% |
Key consumer countries |
China, US, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, CRH Plc, Fosroc International Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd., and Sumitomo Osaka Cement Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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