According to Persistence Market Research analysis, the global building products market is anticipated to grow at a moderate growth rate to register a value CAGR of 5.2% throughout the period of forecast, 2017-2025. The global building products market is expected to reach a value of around US$ 49 Bn by the end of 2025 from an estimation of US$ 33.16 Bn in 2017. The research report covers various opportunities, trends, challenges and several other factors that have an impact on the global building products market growth and performance over the forecast period.
Asia Pacific shows high potential from an investment standpoint; to witness continuous growth
The Asia Pacific region is expected to record a higher growth rate and is poised to register a robust value CAGR of 6.2% during the period of forecast. Also, Asia Pacific region is expected to reflect a higher market value of about US$ 24 Bn by the end of 2025, thus dominating the global building products market. This region, according to Persistence Market Research, has experienced a continuous steady growth over the years, since 2012. This significant growth and dominance can be attributed to the growing construction sector in developing economies such as China and India. In addition, the telecom, urban infrastructure, oil and gas and railway industries contribute to this robust growth by generating a large share of construction activities and this trend is expected to grow even further in the coming years. Asia Pacific region is expected to be an opportunistic region and shows higher potential in the global market.
After Asia Pacific, the North America region is poised to reflect a value of about US$ 12.4 Bn by 2025 end, and is expected to grow at a steady CAGR of 4.4% through the period of forecast. Europe and North America regions were among the early adopters of building products. On the other hand, there are limited number of manufacturers in the Latin America and Middle East and Africa (MEA) regions.
Dynamics of the global building products market
The global building products market has been impacted by several factors. The global market growth is positively influenced by aspects such as recovering construction activities post historical stagnation, residential growth due to mortgage credit expansion, non-residential sector witnessing growth in certain areas such as Mexico and Chile driving growth in these areas, rising construction activities in developed economies such as Europe as well as in emerging economies such as Asia Pacific and rising investment in construction projects across several countries. However, along with the positives, the market also has experienced some restraints such as the impact of Brexit, possible exit of Greece from the EU along with the ongoing slowdown in Brazil.
The growth in construction spending has a high impact on the growth of the global building products market over the period of forecast. Associated growth of markets such as paints and grey cement have a medium to high impact on market growth. GDP growth also has an influence over the building products market growth, with a medium impact on the market. The weightage of construction spending is the highest (52.3%) whereas GDP growth has a lower weightage of 19.2%.
The detailed market research report titled “Building Products (Including Drywall) Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” by Persistence Market Research supports the reader by assisting in slating and compiling all possible strategies in order to maintain the correct rhythm with the changing dynamics of the market in the present as well as few years down the line.
Valuable insights are vital to plan the next move
The market research report on global building products (including drywall) market is a comprehensive market research study that focuses on the global scenario and provides actionable insights on various aspects that influence the market, with the help of strong data and statistical analyses and delivers an unbiased view of the market by including segments such as product type and end use across regions of North America, Latin America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA). The gathered data helps in catching the exact rhythm flowing in the market by putting forth a logical format; and a deep data mining ensures all-inclusive information from various sources in the market. Based on a clear market understanding and definition, the research study reflects several vital insights that when actioned can give an edge in the market over the competition; the research study will enable the reader to take informed decisions. A number of trends, developments, growth fueling factors as well as challenges existing in the global building products (including drywall) market are elaborated. An unbiased view of the market helps in calculating the next steps and moreover, it gives a realistic market scenario considering and exploring all the different angles.
Unique Research Methodology
Leveraging secondary research to gauge the overall market statistics and the main players involved is just one aspect. Additionally and more importantly, an extensive primary research is carried out and opinions from the key market experts are obtained. These aspects are coupled together to carry out data triangulation in order to achieve maximum accuracy. The data so gathered undergoes re-evaluation and re-validation to remove any deviations or possible errors. This proves the credibility of the research quality. The secondary research includes steps such as identifying key building products and drywall product manufacturers, sales and forecasts across geographies, consumer preferences and slating down trends, etc. Primary research constitutes interviewing to understand the current as well as future market scenario by deep diving into the segments, key challenges faced by manufacturers, market segmentation criterion, major drivers and restraints impacting the dynamics of the market, anticipated growth projections and likely penetration of building and drywall products in different applications. Other details from material suppliers, industry experts, building products and drywall suppliers and distributors, manufacturers, etc., is also collected to reinforce the research.
The research report on building products (including drywall) market covers the global market competitive landscape, which presents the market shares, revenues, growth strategies applied, mergers and acquisitions, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, etc., of the various key players in the market. Such an intelligence framework can be used to make informed decisions and devise appropriate strategies to gain competitive advantage.
Global Building Products Market: Taxonomy
By Product Type
By End Use
Global Drywall Market: Taxonomy
By End Use