Construction Materials Market Summary
As per Market Research Future Analysis, the Global Construction Materials Market was valued at USD 1367.86 Billion in 2024 and is projected to reach USD 2151.19 Billion by 2035, growing at a CAGR of 4.20% from 2025 to 2035. Key drivers include government initiatives for smart cities and infrastructure development, alongside a rising demand for eco-friendly materials. The market is influenced by advancements in production technologies and the introduction of innovative materials like green cement, which aims to reduce carbon emissions. The residential segment dominated the market in 2022, with significant growth expected in the Asia-Pacific region, particularly in China and India.
Key Market Trends & Highlights
The Construction Materials Market is witnessing several transformative trends.
- Government spending on infrastructure development is increasing, driving market growth.
- The residential segment accounted for the largest market share in 2022, with China's urbanization rate expected to rise from 64.7% in 2022 to 75-80% by 2035.
- Innovative materials like green cement are emerging, with Navrattan Group planning to introduce eco-friendly options in India by April 2024.
- North America held the largest market share at 45.80% in 2022, driven by strong economic policies and infrastructure investments.
Market Size & Forecast
2024 Market Size | USD 1367.86 Billion |
2035 Market Size | USD 2151.19 Billion |
CAGR (2025-2035) | 4.20% |
Major Players
Key players include China National Building Material Co., Ltd., CRH PLC, LafargeHolcim Ltd., BBMG Corporation Ltd., HeidelbergCement AG, CEMEX S.A.B. de C.V., Knauf Gips KG, Lixil Group Corporation, Anhui Conch Cement Co., Ltd., and Boral Limited.