Construction materials

The global building materials market will reach $1.5 trillion

Dublin, Oct. 21, 2020 (GLOBE NEWSWIRE) — The “Building Materials – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global building materials market estimated at US$1 trillion in 2020 is expected to reach a revised size of US$1.5 trillion by 2027, growing at a CAGR by 5.6% over the analysis period 2020-2027. Aggregates, one of the segments analyzed in the report, is expected to register a CAGR of 4.9% and reach US$547.2 billion by the end of the year. end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Cement segment is readjusted to a revised CAGR of 6.4% for the next 7-year period.

The building materials market in the United States is estimated to be worth US$277.7 billion in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$312.6 billion by 2027 , with a CAGR of 8.5% over the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasting growth of 3.1% and 5% respectively over the period 2020- 2027. In Europe, Germany is expected to grow around 3.5% CAGR.

In the global bricks segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 5.7% for this segment. These regional markets representing a combined market size of US$131.6 billion in 2020 will reach a projected size of US$193.6 billion by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets. Led by countries like Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$201.9 billion by 2027, while Latin America will grow at a CAGR of 7.2% over the analysis period.

This report presents concise information on the impact of the pandemic on production and buyers for 2020 and 2021. A short-term gradual recovery by key geography is also discussed.

Competitors identified in this market include, but are not limited to:

  • Ambuja Cements Ltd.
  • Anhui Conch Cement Company Limited
  • Asia Cement Public Company Ltd.
  • Athabasca Minerals Inc.
  • Concrete Atlas
  • Boral Ltd.
  • UltraTech Cement

Main topics covered:

I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT

II. ABSTRACT

1. MARKET OVERVIEW

  • Global market shares of competitors
  • Global Building Material Competitor Market Share Scenario (%): 2019 and 2028
  • Impact of Covid-19 and a looming global recession

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/dc770q

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