The Global Construction Materials Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Construction Materials Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
Construction materials are various materials deployed in the establishment of roads, buildings, bridges, and other infrastructure. Each material possesses unique characteristics and attributes, making it suitable for multiple types of construction projects. The market’s growth can be credited to the growing disposable income of the public, which has led to the expansion of property ownership, further supporting the need for property investments.
Fortune Business Insights™ provides this information in its research report, titled "Construction Materials Market, 2025-2032".
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Forecast Growth Projected:
The global construction materials market size was valued at USD 1,320.01 billion in 2023 and is projected to grow from USD 1,369.86 billion in 2024 to USD 1,867.16 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period.
Segmentation:
By Material Type:
The market is segmented into aggregates, cement, bricks & blocks, metals, and others. The aggregates segment led in 2023, driven by rising infrastructure development, urbanization, and renovation activities across residential and commercial projects. Demand is further fueled by tourism growth and the need for modern offices and malls.
By End-user:
Segments include residential, commercial, infrastructure, and industrial. The residential sector is expected to grow significantly, supported by rising incomes, urban migration, and government housing initiatives like India’s PMAY, which promotes affordable housing through financial support schemes.
List of the Key Players in the Construction Materials Market: