The report titled “Construction Materials Global Industry Guide 2017”, provides a comprehensive analysis of construction materials industry. This report covers need for construction materials, smart cities development, technological developments in construction materials, leading global construction materials players, increasing in infrastructure developments and future of global construction materials over the coming years.
Industry Overview: The increasing in global population has encouraged more people to shift to cities. This trend has made it mandatory for the development of smart cities. Therefore, the increase in construction of smart cities will be one of the primary factors that will fuel the growth of the construction materials market over the coming years. Many of the global urban region services such as public transport and road networks are facing several challenges due to the increasing urban population. The development of smart cities will ease the congestion caused by the ever-growing population and also solves the issues related to public transport and road networks. This trend will demand for more construction materials in the coming years and a steady growth will be observed.
Advancements in Construction Materials Market: The new trends that will gain attraction in the construction materials market over the next few years is the adoption of new technologies and materials. This will result in more productivity in the construction industry and will enhance the industry’s customer base and revenue shares. All the construction companies should stay updated about the technological advancements in the sector for more productivity and continuing growth. Few technologically advanced products are durable concrete, high-performance concrete, mineral admixtures, condensed silica fume, and high-volume fly ash concrete. The global construction materials market is highly fragmented due to the presence of international and as well as regional players. Majority of the global construction materials leading players focus on differentiating their products in terms of technological innovations to sustain the market’s competitive environment. The growth of the global construction materials market involves country specified socio-economic conditions and country’s policies will play a significant role in the growth of the major vendors in the construction materials market.
Global Major Players in Construction Materials Market: The leading vendors in global construction materials market are CEMEX, China National Building Material Company, HeidelbergCement and LafargeHolcim. The construction material market is geographically spread across Americas, APAC and EMEA. APAC is the major revenue contributor to the global construction materials market due to increasing construction activities in the developing countries. Commercial and residential constructions are increasing rapidly due to the emerging economies in APAC.
Way Forward for Global Construction Materials Market: The various construction aggregates are concrete bricks, cement and construction metals. In the recent years, the construction aggregates category accounted for the major share of the global construction materials market. However, the cement segment accounted for the maximum share in the construction materials market because it is the vital commodity for constructions. The cement category includes hydraulic cement or portland cement, but excludes all solid concrete. The aggregates category includes sand, gravel and crushed rocks and stones used for any construction. It excludes industrial sand and such similar materials. The bricks category includes building blocks of various materials and pipes made from fired clay or concrete. The aggregates category is the most profitable category in the recent years and the trend will continue over the coming years. The increasing large infrastructure projects across the world will surely demand for construction materials over the coming years. The global construction materials market has witnessed a steady growth in the recent years and growth will continue at the same speed.
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Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com