Global construction industry is currently going through a transformational phase with adoption of newer technologies along with stable development across both matured and emerging economies. Essentially, construction materials constitute bricks, cement and aggregates excluding semi-finished and other finished building products and materials. The brick segment includes building blocks made up of concrete or fired-clay. Similarly, cement segment involves Portland/hydraulic cement but does not include concrete, whereas aggregate segment includes sand, gravel, crushed stones & rocks excluding industrial sand.
Presently, the industry is witnessing development in sustainable construction materials including environment friendly materials, majorly driven by stringent government regulatory norms and policies. The market is also anticipating development of innovative and efficient technologies such as foam concrete, efflorescence materials and geo-polymer concrete.
Global construction materials market is expected to witness stable growth in future on account of rise in global population, increasing infrastructure spending by governments and recovering economy. In line with increasing digitalization within various industries, global construction materials manufacturers are also taking initiatives to drive adoption of various digital technologies such as cloud computing, analytics, augmented reality and mobility. However, strict environmental policies may deter construction materials market growth in coming years.
In addition, green construction materials market will experience growth owing to emerging trend towards development of environment friendly and more sustainable infrastructures. Green construction materials generally involve recycled lumbers, recycled aggregates & concrete and autoclaved aerated concrete. These materials enable better energy efficiency and reduction of carbon footprint. Industry is also witnessing growing demand of advanced construction materials such as cotton, cellulose, mineral wool and fibreglass mainly due to their applications in insulation segment. In addition, high performance standards, increased industrialization and rising focus towards sustainable construction & building projects is expected to drive the construction materials market.
ASDReport.com has an extensive collection of reports on construction materials market. The reports cover various products and segments related to construction materials like construction wood, double wall corrugated pipe, mineral wool, plaster & lime, roofing insulation products, ceiling tiles, gypsum fiber boards, building materials and much more.