This study aims to provide a growth outlook and top predictions for 2021 for the global construction materials market. The scope of the study comprises analysis of the construction materials market by material and geographic segmentation.
The consumption of construction materials is dependent on the demand from construction activities across the globe.Construction activities are witnessing a slowdown in the near term because of lockdowns brought in by governments around the world to control the COVID-19 pandemic.
The slowdown is expected to impact the construction materials market as well.Meanwhile, governments, regulatory authorities, and end customers are increasingly wary of the accumulation of construction waste and its recyclability, and the need for environment-friendly and circular solutions. These factors are encouraging construction developers as well as building material suppliers to focus on developing recyclable, sustainable, and energy-efficient alternatives. Manufacturers are also focusing on developing products without compromising the quality, durability and overall costs of manufacturing the materials. Developers are also focusing on bio-based materials such as cork and bamboo and are increasingly using them for structural and insulation applications for a building.Additionally, lightweighting is a key Mega Trend that facilitates installation efficiency in the construction industry. This trend is expected to augur the development and adoption of newer materials that are easy to install and transport to the construction site. As a result of this trend, increasing usage of materials such as plastics, wood plastic composites (WPCs), and timber is expected from the construction industry in the future.Furthermore, developers are seeking opportunities to incorporate automation in the construction industry to mitigate the productivity challenges emanating from shortage of quality labour. This is expected to increase the use of machines, robotics, and modular and offsite construction in the construction industry in the future.Moreover, the momentum in the work from home (WFH) trend is expected to propel the growth of DIY applications for construction chemicals, adhesives, and sealants. Additionally, WFH is having an impact on the growth of commercial construction in the short term. Hence, larger commercial projects are expected to be repurposed for residential applications.Finally, architects in certain regions are focusing on integrating multiple rooms of a house into one large room for multipurpose applications, paving the way for open spaces with lower usage of beams, columns, and partition walls in the interiors of the building.
Our reports have been used by over 10K customers, including:
The global cross-laminated timber market reached a value of US$ 1.07 Billion in 2020. Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity across the globe as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. The system consists of multilayer...
The global telehandler market grew at a CAGR of around 5% during 2014-2019. A telehandler, or telescopic handler, refers to a versatile lifting machine that can be converted to crane equipment for grabbing and clamping construction material. It is fitted with various attachments, such as pallet forks, winches, muck...
Polyethylene Furanoate Films Market Size, Share & Trends Analysis Report By Application (Packaging, Industrial), By Region (Asia Pacific, Europe), And Segment Forecasts, 2020 - 2035
PEF Films Market Growth & Trends
The global polyethylene furanoate films market size is anticipated to reach...
120 pages •
By Infiniti Research Limited
• Oct 2020
Global Construction Material Testing Equipment Market 2020-2024
The analyst has been monitoring the construction material testing equipment market and it is poised to grow by USD 266.92 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on construction material testing equipment market...
The microencapsulation market is projected to grow at a CAGR of12.9%.
The global microencapsulation market was valued at USD 8.5 billion in 2020 and is projected to reach USD 15.5 billion by 2025, at a CAGR of 12.9% from 2020 to 2025. The market is driven by factors such as the increasing demand for fortified food products for the...
Under construction: Industry revenue is expected to fall due to supply chain disruption caused by COVID-19 Abstract Commercial Building Construction in the UK This industry consists of firms that construct non-residential buildings to sell on their own account or on a fee or contract basis. This includes...
Cellulose nanofibers (CNF) are sustainable materials with high mechanical strength (stronger than steel), high aspect ratios, high transparency, and high chemical resistance and impressive rheological, optical, film-forming properties. They are also lightweight and have made a recent impact in industrial applications and in biopolymer, bio-composites...
Iincrease in production of high-quality grains through effective storing which is driving the grain silos & storage system market”. The global grain silos & storage system market size is estimated to be valued at USD1.3billion in 2020 and is projected to reach USD 1.6billion by 2025, recording a CAGR of 4.8%. The growth of the grain...
187 pages •
By Global Industry Analysts
• Sep 2020
Global Agrifiber Products Market to Reach $1.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Agrifiber Products estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Residential, one of the segments...
182 pages •
By Global Industry Analysts
• Sep 2020
Global Construction Material Testing Equipment Market to Reach US$3.4 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Construction Material Testing Equipment estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$3.4 Billion by 2027, growing at a CAGR of 5.1% over the analysis...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.