Global Construction Material Industry Growth and Trends Forecast to 2032

Definition

Construction Materials refers to various materials used in construction and structural engineering. They include everything from basic construction to decoration and are an essential part of buildings and infrastructure. Steel: Steel is an alloy material composed of iron, carbon and other elements, which is manufactured through smelting and rolling processes. It has high strength, durability and plasticity and is one of the main materials in construction and structural engineering. 1. Classification by ingredients: Carbon steel: High carbon content, suitable for general structural engineering. Alloy steel: Added with other elements such as manganese, nickel, chromium, etc., it has special properties and is used in special projects. 2. Classify by shape: Section steel: such as I-beam, angle steel, channel steel, used for building structural skeleton. Steel plate: used in bridges, building exterior walls, etc. Steel pipe: used for pipes, support structures, etc. Timber: Timber is a building material obtained from trees. It is used in construction and furniture making after sawing and processing. It has good plasticity, thermal insulation and aesthetics. 1. Classification by tree species: Soft wood: Such as pine and fir, which are soft in texture and easy to process, and are used in construction and furniture. Hard wood: such as oak and teak, which have a hard texture and strong durability and are used for high-end furniture and flooring. 2. Classification by processing method: Log: Cut directly from the trunk and used for large structures and decoration. Wooden planks: Sawed and processed into planks for use in floors, wall panels, etc. Glued wood: Small wood pieces or planks are glued into large-sized lumber through a gluing process, which is used for beams, columns and other structures. 3. Classification by use: Structural Timber: Is one of the most commonly used types of timber in construction and is used in building structures such as beams, columns, trusses, load-bearing and frame structures. Decorative wood: used for interior decoration, such as floors and wall panels. Engineered wood: such as glulam, laminated wood, oriented strand board (OSB), etc. are used for projects that require high strength and large size. Concrete accounts for about 55% of the share of construction materials and is used in infrastructure construction (such as bridges, roads, tunnels), foundations and structural members of commercial and residential buildings; steel accounts for about 25% of the share of construction materials and is used for High-rise buildings, industrial facilities, bridges and other structures that require high strength and flexibility; wood accounts for about 12% of the share of building materials and is used in low-rise residential buildings, interior decoration, furniture and some lightweight structures; other materials such as construction Foam, glass, masonry, etc.) account for approximately 8%. The global construction materials market is worth US$2.24 trillion in 2023 and is expected to reach US$3.17 trillion by 2030, with a compound annual growth rate of 5.6% during the forecast period of 2024-2030. Wood is widely used in residential construction in North America, while steel and concrete are more commonly used in commercial and industrial construction. The North American building materials market is expected to grow from USD 501.52 billion in 2023 to USD 698.14 billion in 2030, registering a CAGR of 5.15% during the forecast period from 2024 to 2030. Steel and concrete are widely used in commercial and residential construction in Europe, and wood is more common in the Nordic region. The European building materials market is expected to grow from US$431.464 billion in 2023 to US$548.461 billion in 2030, from 2024 to 2030. The CAGR during the forecast period is 4%. Concrete and steel are the main construction materials in Asia, especially in emerging markets such as China and India, while in Australia and New Zealand wood is used more in residential construction, and steel and concrete are used in commercial and infrastructure projects. The Asia-Pacific construction materials market is expected to It will grow from US$1,023.51 billion in 2023 to US$1,561.84 billion in 2030, with a CAGR of 6.57% during the forecast period from 2024 to 2030.