Construction Materials Market Report 2024 (Global Edition)

Global Construction Materials Market Report 2024 Market Size Split by Material Type (Aggregates, Cement, Bricks and Blocks, Metals, Others), by End Use (Residential, Commercial, Industrial)

Construction Materials Market Report Description

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Construction Materials Market Insights Video

Competitive Landscape of the Construction Materials Market

The aggressive landscape of the construction materials market is marked by means of a large array of global and local gamers. Major companies encompass LafargeHolcim, CEMEX, and HeidelbergCement, which dominate through considerable production capacities and large geographic reach. Competition is driven by way of factors, which include fee efficiency, innovation, and sustainability. Emerging gamer's awareness of niche markets and green products, even as set-up corporations, put money into technology and supply chain optimization to maintain their market role and meet evolving industry needs.

In March 2023, To expand its Comal County factory at its New Braunfels, Texas location, Cemex announced a capital commitment of USD 250 million. In order to start projects throughout the state and meet the state's expanding demand for cement, this investment seeks to quadruple the capacity of the cement production plant to 2.4 million tons. (Source: https://www.cemex.com/w/cemex-to-expand-capacity-of-texas-cement-plant) In June 2022, The largest building materials manufacturer in the world, CRH plc, has revealed that it has reached an agreement to purchase Barrette Outdoor Living, Inc., the top residential fencing and railing solutions provider in North America, from TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ) for USD 1.9 billion. The purpose of this acquisition is to efficiently allocate and reallocate capital in order to maximize shareholder value. (Source: https://www.crh.com/media/press-releases/2022/crh-agrees-19bn-acquisition-of-barrette-outdoor-living ) In May 2022, The Carbon Neutral Alliance, a network of 20 governmental and commercial organizations for the renewable energy generating effort, was established by CEMEX, S.A.B. de C.V. and its partners. The goal of this initiative is to hasten the development of cutting-edge technology so that, by 2030, CEMEX's Rudersdorf plant will be the world's first carbon-neutral cement factory. (Source: https://www.cemex.com/w/cemex-and-partners-inaugurate-the-carbon-neutral-alliance-at-rudersdorf-cement-plant)

Top Companies Market Share in Construction Materials Industry: (In no particular order of Rank)

• Anhui Conch Cement
• Asahi Glass
• BBMG
• Cemex
• China National Building
• CRH PLC
• Daikin Industries
• Ferguson
• Grasim Industries
• HeidelbergCement AG
• LafargeHolcim
• Masco
• Saint-Gobain
• Sika
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Construction Materials Market

Which Region Dominates the Construction Materials Market in 2024?

According to Cognitive Market Research, North America currently dominates the Construction Materials market, and the region is expected to have significant growth during the projected period. The North American construction substances market is experiencing a boom because of elevated infrastructure investments, urbanization, and residential and commercial construction tasks. Demand for substances, which include cement, metallic, and aggregates, is rising as governments and personal sectors invest in modernization and growth efforts. This growth is pushed by means of each economic improvement and the want for infrastructure upgrades.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific creation materials market is increasing hastily, fueled by urbanization, economic boom, and large-scale infrastructure tasks. Countries like China and India are fundamental contributors, with substantial investments in housing, transportation, and business infrastructure. The increasing creation of sports, growing populations, and the need for modernization across the place drive this growth.

The current report Scope analyzes Construction Materials Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Construction Materials Market

According to Cognitive Market Research, the global Construction Materials market size was estimated at USD 1421542.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 568616.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Construction Materials market with a market size of USD 448638.72 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The U.S. market's urbanization.
• The Canada Construction Materials market had a market share of USD 68234.03 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada’s infrastructure development.
• The Mexico Construction Materials market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 51744.14 million in 2024.

Europe Construction Materials Market

According to Cognitive Market Research, the global Construction Materials market size was estimated at USD 1421542.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 426462.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Construction Materials market had a market share of USD 71645.73 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Construction Materials sales witness an upswing due to the sustainability focus.
• The France Construction Materials market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 39234.56 million in 2024.
• According to Cognitive Market Research, the German Construction Materials market size was valued at USD 84439.61 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Construction Materials surged due to population growth.
• The Italy Construction Materials market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 36675.79 million in 2024.
• The Russia Construction Materials market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 66101.71 million in 2024.
• The Spain Construction Materials market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 34969.94 million in 2024
• The Luxembourg Construction Materials market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 13220.34 million in 2024.
• The Portugal Construction Materials market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 8955.72 million in 2024.
• The Greece Construction Materials market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 5117.55 million in 2024.
• The Rest of Europe's Construction Materials market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 66101.71 million in 2024.

Asia Pacific Construction Materials Market

According to Cognitive Market Research, the global Construction Materials market size was estimated at USD 1421542.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 326954.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

• According to Cognitive Market Research, the China Construction Materials market size was valued at USD 147129.62 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Construction Materials surged in China due to government investment.
• The Japan Construction Materials market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 45119.75 million in 2024.
• The India Construction Materials market had a market share of USD 39234.56 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. technological advancements.
• The South Korean Construction Materials market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 32695.47 million in 2024.
• The Australian Construction Materials market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 17001.64 million in 2024.
• The South East Asia Construction Materials market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 22559.87 million in 2024.
• The Rest of Asia Pacific Construction Materials market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 23213.78 million in 2024.

South America Construction Materials Market

According to Cognitive Market Research, the global Construction Materials market size was estimated at USD 1421542.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 71077.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Construction Materials market size was valued at USD 30421.00 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Construction Materials flourished in Brazil due to renovation projects.
• Argentina's Construction Materials market had a market share of USD 11940.95 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's economic growth .
• Colombia Construction Materials market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 6325.86 million in 2024.
• Peru Construction Materials market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 5828.32 million in 2024.
• Chile Construction Materials market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 5117.55 million in 2024.
• The Rest of Latin America's Construction Materials market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 11443.41 million in 2024.

Middle East and Africa Construction Materials Market

According to Cognitive Market Research, the global Construction Materials market size was estimated at USD 1421542.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 28430.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Construction Materials market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 12168.40 million in 2024. Construction Materials sales flourish due to the green building demand.
• The Egypt Construction Materials market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 2985.24 million in 2024.
• The South Africa Construction Materials market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 4492.07 million in 2024. Construction Materials sales flourished in South Africa due to industrialization.
• The Turkey Construction Materials market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2445.05 million in 2024.
• The Nigeria Construction Materials market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 2985.24 million in 2024.
• The Rest of the MEA Construction Materials market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 3354.84 million in 2024.

Construction Materials Market Analysis

How are Segments Performing in the Global Construction Materials Market?

Construction Materials Market Material Type Segment Analysis

According to Cognitive Market Research, Aggregates are likely to dominate the Construction Materials Market over the forecast period. The aggregates marketplace in creation materials is growing because of rising demand for infrastructure development and urban expansion. Key drivers consist of extended production sports, along with roads, bridges, and residential projects. The need for durable and flexible materials like sand, gravel, and beaten stone is fueling the market boom, as those aggregates are vital for concrete manufacturing and street building.

The Cement is the fastest-growing segment in the Construction Materials Market. The cement marketplace in production substances is expanding, driven by way of improved infrastructure initiatives and urban improvement. High calls for residential, commercial, and commercial production fuel this increase. Technological advancements and sustainable practices, including low-carbon cement, additionally contribute to market enlargement. Cement remains an important issue for concrete production, assisting ongoing construction and protection sports.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Construction Materials Industry. Request a Free Sample PDF!

Construction Materials Market End Use Segment Analysis

According to Cognitive Market Research, the Residential segment holds the largest share of the market. The residential production materials market is experiencing growth due to rising housing demand and concrete expansion. Increased investments in new houses, renovations, and actual property development drive the need for materials, including cement, metal, and insulation. This increase is similarly supported by means of low-hobby prices and favorable housing rules, fueling a robust market for residential production substances.

In the Construction Materials Market, the Commercial has been expanding at a rapid pace. The industrial production materials market is increasing, driven by the aid of improved investments in office buildings, retail spaces, and industrial facilities. Growth is supported by means of financial improvement, urbanization, and the call for contemporary industrial infrastructure. This surge in industrial construction is boosting the want for substances, which includes steel, concrete, and glass, contributing to a dynamic market panorama.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion