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September 2025
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.
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.
| Report Attributes | Details |
| Market Size in 2025 | USD 2.32 Trillion |
| Expected Size by 2034 | USD 3.90 Trillion |
| Growth Rate from 2025 to 2034 | CAGR 5.95% |
| Base Year of Estimation | 2024 |
| Forecast Period | 2025 - 2034 |
| Dominant Region | Asia Pacific |
| Segment Covered | By Material Type, By Application, By Region |
| Key Companies Profiled | 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 |
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.
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.
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 billion in 2024 and is expected to reach USD 2.15 billion 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.
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.
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.
By Material Type
By Application
By Region
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September 2025
September 2025
September 2025
September 2025
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