Global Construction Materials Market Expected To Grow At A CAGR Of 7.1% Over 2017-2021

Date: 2017-08-08

Many types of Building materials are used in the building and construction industry to create buildings and structures. These categories of materials and products are used by architects and construction project managers to specify the materials and methods used for building projects. Some building materials like cold rolled steel framing are considered modern methods of construction, over the traditionally slower methods like blockwork and timber.

The surge in the demand for new constructions is mostly driving the construction materials market across the world, owe to rapid urbanization and industrialization and increased investment in infrastructural developments in emerging markets is another driver for the construction materials market, according to a brand new research, the global construction materials market expected to grow at a CAGR of 7.1% over 2016-2020.

On the basis of geography, thanks to increasing industrialization and infrastructural development, Asia Pacific is experiencing huge demand for new construction. According to research, the Asia Pacific is expected to register a highest CAGR of 7.5% for the forecast period. 

In the western regions, because the market is respectively saturated in developed countries, the market in western is restraining a little for the forecast period, according to report, the Europe is expected to grow at a CAGR of 5.8% between 2016-2020.

Base on application, residential sector as an end-use segment is expected to dominate the global Construction Materials market among all end-use sectors.

Global top manufacturers operating in Construction Materials market are Aditya Birla Group, Anhui Conch Cement Company Limited, Boral Limited, Buzzi Unicem SpA, CEMEX S.A.B. DE C.V among others.

Global Construction Materials market share by geography as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520


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