Building & Construction Materials Market Share, Sales Volume, Price Analysis Report 2025 – 2034 | Top Key Players Analysis

Building and Construction Materials Market Size, Share & Industry Analysis

The global building and construction materials market size was valued at USD 2.19 trillion in 2024, grew to USD 2.32 trillion in 2025, and is expected to hit around USD 3.90 trillion by 2034, growing at a compound annual growth rate (CAGR) of 5.95% over the forecast period from 2025 to 2034. The growth of the market is driven by rapid urbanization and infrastructure development projects and plans through government support and investments, which drive the growth of the market.

Key Takeaways

• By region, Asia Pacific dominated the market held a 55% share in the market in 2024.
• By region, North America is expected to have significant growth in the market in the forecast period.
• By material type, the concrete segment dominated the market in 2024. The concrete segment held a 60% share in the market in 2024.
• By material type, the wood and engineered wood segment is expected to grow significantly in the market during the forecast period.
• By application, the residential construction segment dominated the market in 2024. The residential construction segment held a 45% share in the market in 2024.
• By application, the infrastructure buildings segment is expected to grow in the forecast period.

What Is The Significance Of The Building & Construction Materials Market?

The building and construction, aerials market plays a significant role in global infrastructure development, construction projects, and the growth of the market is led by macroeconomic factors, technological advancements, and increasing demand for both traditional and sustainable building solutions. 

What Are The Key Growth Drivers That Support The Growth Of The Building and Construction Materials Market?

The key growth drivers that support the growth of the market are the rapid urbanization and population growth, which increase the demand for new residential, industrial, and commercial buildings, fueling the demand for the market. The focus on the development of smart cities increases the demand for advanced, resilient, and efficient construction materials to build smart and sustainable infrastructure.

The other key growth drivers of the market are infrastructure development, smart cities initiatives, sustainability and environmental regulations, and technological advancements, which support the growth and expansion of the market.

Market Trends

• Sustainable and Green Materials: There is a heightened demand for environmentally friendly materials, including bio-based insulation, lower-emission cements, and recycled aggregates, to meet climate goals and reduce carbon footprint. 
• Precast & Modular Construction:The adoption of prefabrication and modular construction methods is increasing, leading to a greater demand for precast components and off-site manufactured parts to improve efficiency and reduce waste. 
• Advanced Materials: Innovations like lightweight materials, smart materials, nano-formulations, and composites are expanding the market for high-performance products. 
• 3D Printing: Advancements in 3D printing are opening new avenues for creating customizable and complex building components, offering growth opportunities for innovative materials. 

Report Scope

Market Opportunity

Development Of Eco-Friendly Solutions Accelerates The Expansion 

The key growth opportunity that supports the growth of the market is the demand for green and sustainable materials, as the development and supply of eco-friendly products to increase energy efficiency, and the development of low-VOC paints, which fuel the growth of the market. The integration of energy-efficient solutions with high-performance systems. The focus is on rapidly urbanizing and developing economies, which show high growth potential for construction materials due to ongoing development. This creates an opportunity for growth and expansion of the market.

Market Challenge

The Raw Material Price Volatility 

The challenges, such as market and economic challenges like raw material price volatility, supply chain disruptions, demand imbalances, and economic uncertainty, limit the growth of the market. The operational and workforce challenges, like labor shortage, slow technology adoption, and poor planning, also lead to cost overruns and project delays, which hinder the growth of the market.

Regional Insights

Asia Pacific Building and Construction Materials Market Size, Industry Report 2034

The Asia Pacific Building and Construction Materials market size was valued at USD 1.20 trillion in 2024 and is expected to reach USD 2.15 trillion by 2034, growing at a CAGR of 6.00% from 2025 to 2034. Asia Pacific dominated the building and construction materials market with 55% share in 2024.

The growth of the market is driven by the rapid urbanization for increasing demand, and for the construction of housing and commercial buildings, also resulting from the growing population, which drives the growth.

Huge governmental investments in infrastructure projects, including transportation and utilities, fuel the growth of the market in the region. The overall economic growth in many Asian countries is boosting investments in various construction sectors, further driving the growth and expansion of the market in the region.

The Growth Of The Market Is Driven By The Growing Initiatives In India

India represents one of the fastest-growing markets for building and construction materials, fueled by rapid urbanization, rising disposable incomes, and government-driven infrastructure development. Large-scale initiatives like “Housing for All,” “Smart Cities Mission,” and highway expansion projects are creating sustained demand for materials such as cement, ready-mix concrete, steel, and engineered wood, driving the growth and expansion of the market in the country.

North America has seen Growth Driven By Rising Construction activities.

North America is expected to experience significant growth in the building and construction materials market in the forecast period. The growth of the market in the region is driven by the residential sector, which is expanding rapidly to meet housing needs, while investments in metro rail, airports, and industrial corridors are boosting infrastructure material consumption. Additionally, the adoption of sustainable and green construction materials is gaining attention in regions with an evolving construction landscape, which contributes to the growth of the market.

• India shipped out 20 building materials shipments from September 2023 to August 2024 (TTM). These exports were handled by 13 Indian exporters to 16 buyers, showing a growth rate of 18% over the previous 12 months.(Source: www.volza.com)
• Globally, China, the United States, and the European Union are the top three exporters of Building Materials. China is the global leader in Building Materials exports with 16,608 shipments, the United States with 16,399 shipments, and the European Union in 3rd place with 5,847 shipments.(Source: www.volza.com)

Segmental Insights

Material Type

How Did Concrete Segment Dominate The Building and Construction Materials Market In 2024?

The concrete segment dominated the market with 60% share in 2024. Concrete is a core material in the building and construction materials market, valued for its strength, durability, and versatility in both structural and non-structural applications.

Continuous innovations, such as ready-mix concrete and sustainable blends with recycled aggregates, are enhancing efficiency while reducing environmental impact. With urban expansion and the need for resilient infrastructure, concrete remains the most dominant and indispensable material in the construction ecosystem worldwide.

The wood and engineered wood segment expects significant growth in the building & construction materials market during the forecast period. Wood and engineered wood materials are witnessing growing demand due to their sustainability, ease of use, and aesthetic appeal. Engineered wood products provide strength and stability while addressing environmental concerns tied to deforestation.

These materials are increasingly being adopted in modular housing, interiors, and low-rise construction projects. Rising preference for eco-friendly materials, combined with innovation in treatment processes to improve durability and fire resistance, supports steady growth in this segment.

Application Insights

Which Application Segment Dominated The Building & Construction Materials Market In 2024?

The residential construction segment dominated the market with 45% share in 2024. Residential construction is a key application area for building and construction materials, driven by rapid urbanization, affordable housing schemes, and lifestyle changes. Materials like concrete, engineered wood, and composites are widely used in walls, flooring, roofing, and interiors. Demand for energy-efficient and sustainable materials is growing as homeowners seek greener housing solutions. Expanding housing projects, especially in emerging economies, ensure residential construction continues to dominate the market landscape.

The infrastructure buildings segment expects significant growth in the building & construction materials market during the forecast period. Infrastructure buildings represent a critical application segment, encompassing roads, bridges, airports, railways, and commercial complexes. Materials like high-strength concrete, steel-reinforced composites, and engineered wood are widely deployed to meet the demands of durability and large-scale functionality. The shift toward smart cities and sustainable infrastructure is also encouraging the adoption of innovative, eco-friendly, and high-performance materials across major projects in this segment.

Building & Construction Materials Market Value Chain Analysis

• Chemical Synthesis And Processing: The building and construction materials are synthesized and processed through extraction, injection molding, calendaring, casting, and chemical recycling. 
• Key players: ArcelorMittal, CRH (Cement Roadstone Holding), Holcim, and Vulcan Materials Company
• Quality Testing and Certification: The building and construction materials require GreenPro Certification from CII, ISO 14001 certification, ISI Mark, and BIS Quality Control Orders. 
• Key players: Bureau of Indian Standards, National Accreditation Board for Testing and Calibration Laboratories, and Green Building Council
• Distribution to Industrial Users: The building and construction materials are distributed to the packaging, automotive, electronics, and construction industries. 
• Key players: Holcim, CRH, Saint-Gobain, UltraTech Cement, Ambuja Cements, and Grasim Industries.

Recent Developments

• In September 2025, in a significant development for the cement and concrete industry, RMI (originally Rocky Mountain Institute) and the Center for Green Market Activation (GMA) today announced the launch of the Sustainable Concrete Buyers Alliance (SCoBA). This alliance includes founding members such as Amazon, Prologis, and Meta, as well as other prominent organizations, all committed to promoting the use of low-carbon cement and concrete to support 21st-century buildings and infrastructure.(Source: finance.yahoo.com)
• In May 2025, Microsoft and Carbon Direct announced the launch of EAC guide for concrete and steel, which helps the industries that face high pressure to reduce carbon emissions in construction, aligning with the growing environmental concerns.(Source: carboncredits.com)

Building & Construction Materials Market Top Companies 

• Saint-Gobain 
• LafargeHolcim 
• China National Building Material Group (CNBM) 
• CRH plc 
• Daikin Industries 
• Owens Corning 
• ArcelorMittal 
• Sika AG 
• Knauf Insulation 
• Ferguson plc 
• Breedon Group 
• James Hardie Industries 
• Vulcan Materials Company 
• Martin Marietta Materials 
• ABC Supply Co., Inc. 
• RPM International Inc. 
• USG Corporation 
• Boral Limited 
• Kingspan Group 
• BASF SE 

Segments Covered

By Material Type 

• Cement 
  
  • Ordinary Portland Cement (OPC) 
  • Portland Pozzolana Cement (PPC) 
  • Sulfate-Resistant Cement 
  • White Cement 
  • Rapid Hardening Cement 
• Concrete 
  
  • Ready-Mix Concrete 
  • Precast Concrete 
  • Prestressed Concrete 
  • High-Performance Concrete 
  • Lightweight Concrete 
• Aggregates 
  
  • Crushed Stone 
  • Sand 
  • Gravel 
  • Recycled Aggregates 
• Steel 
  
  • Structural Steel 
  • Reinforcement Steel 
  • Stainless Steel 
  • Alloy Steel 
  • Galvanized Steel 
• Wood & Engineered Wood 
  
  • Softwood 
  • Hardwood 
  • Laminated Veneer Lumber 
  • Cross-Laminated Timber 
• Glass 
  
  • Float Glass 
  • Tempered Glass 
  • Laminated Glass 
  • Insulated Glass Units 
  • Low-E Glass 
• Plastics 
  
  • Polyvinyl Chloride (PVC) 
  • Polycarbonate 
  • Polyethylene 
  • Polystyrene 
  • Acrylic 
• Masonry 
  
  • Bricks 
  • Concrete Blocks 
  • Stone 
  • Mortar 
  • Tiles 
• Roofing Materials 
  
  • Asphalt Shingles 
  • Metal Roofing 
  • Clay Tiles 
  • Concrete Tiles 
  • Green Roof Systems 
• Insulation Materials 
  
  • Fiberglass Insulation 
  • Mineral Wool Insulation 
  • Spray Foam Insulation 
  • Rigid Foam Insulation 
  • Reflective or Radiant Barrier Insulation 
• Flooring Materials 
  
  • Ceramic Tiles 
  • Vinyl Flooring 
  • Wood Flooring 
  • Carpet 
  • Laminate Flooring 
• Paints & Coatings 
  
  • Interior Paints 
  • Exterior Paints 
  • Industrial Coatings 
  • Anti-Corrosion Coatings 
  • Fire-Resistant Coatings 
• Adhesives & Sealants 
  
  • Construction Adhesives 
  • Silicone Sealants 
  • Polyurethane Sealants 
  • Acrylic Sealants 
  • Butyl Rubber Sealants 
• Fasteners 
  
  • Nails 
  • Screws 
  • Bolts 
  • Anchors 
  • Rivets 
• Pipes & Fittings 
  
  • PVC Pipes 
  • Copper Pipes 
  • Steel Pipes 
  • Pipe Fittings 
  • Valves 
• Waterproofing Materials 
  
  • Bituminous Membranes 
  • Liquid Waterproofing Membranes 
  • Cementitious Waterproofing 
  • Polyurethane Membranes 
  • EPDM Membranes

By Application

• Residential Construction 
• Commercial Construction 
• Industrial Construction 
• Infrastructure (roads, bridges, tunnels, airports, railways) 
• Institutional Buildings (schools, hospitals, government) 
• Agricultural Buildings (barns, silos, greenhouses) 
• Recreational Facilities (sports arenas, parks, swimming pools) 
• Environmental Infrastructure (water & sewage treatment, recycling centers) 

By Region 

• North America 
  
  • U.S.
  • Canada
• Europe 
  
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific 
  
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Latin America 
  
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA) 
  
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait