The global sustainable steel market is projected to reach $795.8 billion by 2031 from $327.3 billion in 2021, growing at a CAGR of 8.97% during the forecast period 2022-2031.
Global Eco-Friendly Bitumen Market to Reach $126,743.58 by 2025.
The global coal tar market is expected to account for a market value of $16.54 billion by the end of 2024.
The global needle coke market is expected to account for a market value of $4.50 billion by the end of 2024.
The global construction industry is progressing incessantly by the gradual shift towards modular and prefabricated building technologies adopted by various architects, civil engineers and builders. The demand for prefabricated steel building in the Americas market is surging rapidly and the trend is likely to continue over the upcoming years.
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The global energy efficient glass market is expected to grow from $XX million in the year 2016 to $XX million by 2026 at a CAGR of 19.5% from 2016 to 2026. The imminent energy crisis, globally, is causing a shift towards energy efficient glass, and considerable research is being done to develop the low power-consuming technologies.
The global construction sustainable materials market, by volume, was 7,543.1 Kilotons in 2016 and is expected to grow at a CAGR of 12.0% between 2017 and 2026. By value, the global construction sustainable materials market, was valued at $175.00 billion in 2016 and is expected to grow at a CAGR of 11.6% between 2017 and 2026.
According to United Nations (UN), around 50% of the global population lives in urban cities which is projected to touch 60% by 2030. The pace of economic and demographic growth has to be in harmony with the demand for commercial, residential and institutional construction activities.
Construction Materials
Construction materials include both manufactured products and naturally occurring materials such as components, fittings, chemicals, items of equipment and systems, stone, timber, and thatch, used for construction works.
The construction industry is anticipated to grow at a substantial rate in developing and least developed countries, while the market is expected to witness comparatively mature growth in developed regions. In developing countries in Asia-Pacific and Middle East and Africa region, the increasing need for housing and new constructions is anticipated to drive the demand for construction materials, while the matured market in countries within North America and Europe is projected to grow on account of renovation and repair activities.
The adoption of new technologies and materials is expected to be among the key factors changing the face of the construction industry. Increasing innovations in construction materials, including construction chemicals, and increasing technological developments have promoted sustainable construction developments. Moreover, a rise in the number of smart cities is further anticipated to bolster the demand for construction materials in the coming future.
The study by BIS Research on the construction materials market offers detailed insights from various perspectives on different construction materials, including cement, construction aggregates, construction chemicals, bricks, construction materials, and others.
The applications of construction materials have not been ignored by the business world, as evident from our reports. Almost all the syndicated reports show a descriptive picture of growth and prosperity across different industry verticals where construction materials are being used for their affordability and cutting-edge business advantage among end users, including residential, institutional, industrial, and commercial.
BIS Research tracks the technological advancements occurring in the construction materials market along with the raw materials that are being used for the construction materials process, new optimized production processes, and technologies promoting sustainability in the market.
If your business is also interested in being part of this rapid growth, you need reliable information to take profitable market positions and invest in the right opportunities. At BIS Research, we are committed to helping our valued clients make informed and confident business decisions with the help of our research capabilities.
Each syndicated report produced by BIS research employs the Deep Tech M-A-PTM approach. This means that with each construction materials market report, you get a panoramic view of the market. Moreover, every report zooms in on the details to provide you with in-depth insights that would have been missed by the untrained eye. Each report also contains a patent analysis to understand the growing innovation in the market, the start-up landscape to understand the current entry scenario, profiles of leading players, and a detailed analysis of regional markets to offer a more holistic view of the overall market.
If you are looking for market reports you can depend upon, your search ends here. Browse our collection of market research reports for the construction materials market and see why we are the best in the business.
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