Construction Materials Market Research Reports, Analysis & Trends
Construction materials industry comprises companies that operate by producing and supplying of materials that are used in construction of physical structures such as buildings, houses, complexes, malls, airports, terminals, stations and many more. The construction materials used include building and construction materials worldwide for many purposes such as fabrication, embankments, earth supports, and completion of excavations. The heavy construction materials industry is in a thriving state of development and progress since the demand for properties and constructions across the major metropolitan and urban areas is growing at a rapid pace. The construction materials play an utmost and crucial role in the structure's formation and building as the strength and durability is determined and the value is set accordingly, so the quality is always the highest preference and is given top priority when it comes to choosing the materials before construction begins. In the long run, the construction materials industry is expected to gain more and more revenue considering the property rates that are shooting up and the habitable land shrinking down due to the expanding urban space.
Heavy industry materials for building and construction are diverse and range from readily-available non-supply chain materials such as brush and mud to commodity supply materials procured for projects like construction aggregates (particulates - sand, gravel, crushed stone, slag, waste mining materials, synthetics) composite wood products, plastics (PVC), resins, synthetic textiles and fibers (fiberglass), composite cements, other plastics and polymer composites, concrete, and various metals. Heavy industry metal materials include iron, various grades of steel, specialty alloys, titanium, copper, and even gold, silver, chrome and platinum. Glass, ceramic materials and foam are also subsets of heavy industrial materials required for construction. Finished heavy industry materials for construction projects can included coated glass, architectural glass, other finished specialty glass projects, cast and molded steel such as re-bar and beams, pipe sections, blocks, bricks, tiles, flooring, drywall panels, piles, poles, pillars, and wires.
Large projects in the heavy industry and heavy construction markets are supplied building and construction materials through the procurement services of a specialty contractor or a comprehensive site manager like an engineering, procurement and construction (EPC) contractor. Procurement is coordinated with the project manager and engineering staff to ensure that the project budget is kept through appropriate material costs, project guidelines for sustainability and regulations are met through compliance, materials are selected based upon engineering requirements including structural loads and stresses, and aesthetics and lifetime durability are also ensured when appropriate.
Construction Materials Industry Trends
The global building materials market is expected to grow at more than 6% yearly through 2015 to reach almost $890 billion, according to MarketLine. The industry encompasses cement, brick, concrete, sand, aggregates and gravel manufacturers. Cement manufacturing was the most dynamic market segment in 2010, reaching close to $200 billion, or nearly a third of the overall global market. Among the most-used building materials are steel, glass, wood, plastics and cement. The industry supplies related industries, including wiring manufacturers and furniture manufacturers. The building materials market is fueled in a large part by green building, with this market segment worth over $60 billion in the US. Green building is particularly popular in the residential market, lead by demand for such products as cork, bamboo and woven flooring. Concrete production from recycled materials is also a dynamic growth area within the industry, along with wood from sustainable forests, energy-efficient lighting fixtures and water-efficient plumbing fixtures.
The global green construction materials market is expected to exceed $405 billion by 2015, according to Global Industry Analysts. Factors fueling green building include falling green building material costs, rising energy costs, increasingly protective environmental legislation and general consumer awareness of environmental factors. The market will continue to expand because of consumer preference for green alternatives and pressure to optimize energy efficiency.
Major Companies Dealing in Construction Materials
Major players in the construction materials industry include Grasim Industries, ACC, UltraTech Cement, Ambuja Cements, Jaiprakash Associates.