How big is the Building Materials Market | Stats & Global Reach 2025

Q: How big is the building materials market in 2024?

The building materials market was estimated at USD 1,300 billion in 2024.

Q: What is the projected market size by 2031?

The building market is expected to reach USD 1,950 billion by 2031, growing at a CAGR of 6.3%.

Q: What drives the growth of the building materials industry?

Construction growth, infrastructure projects, demand for eco-friendly materials, and urban expansion are major drivers.

Q: What are the major trends in the building materials market?

Green materials, digital supply chains, smart and recycled materials, and modular construction are key trends.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5398

Publication Date: Jul 2025

What is the size of the Building Materials Market?

According to 6Wresearch internal database and industry insights, the Global Building Materials Market was estimated at USD 1,300 billion in 2024 and is projected to reach USD 1,950 billion by 2031, growing at a CAGR of 6.3% during the forecast period 2025â€“2031.

Due to rising construction activities, urbanization, infrastructure development, and the increasing demand for sustainable and innovative construction materials, the market is predicted for growth over the years.

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Key Growth Factors of the Building Materials Market

Growing global infrastructure and real estate development
Urbanization and rising population driving residential and commercial demand
Shift toward energy-efficient and eco-friendly construction solutions
Government initiatives for affordable housing and smart cities
Increasing investments in industrial and logistics infrastructure

Building Materials Market Trends

Building materials market is expanding with several trends such as growing use of green and sustainable materials, such as recycled concrete, fly ash, and bamboo. Other trends for example modular and prefabricated construction are influencing demand for lighter and adaptable materials. Also, the materials, including phase-changing materials (PCMs) and self-healing concrete, are emerging in advanced projects. The market is also witnessing greater adoption of digital procurement platforms and automated supply chain systems.

Emerging Developments in the Building Materials Market

Building materials market is navigating new developments such as the use of 3D printing materials for building components and faÃ§ade innovations. Further, the nanotechnology-based materials are being explored for enhanced durability, insulation, and structural strength. Also, the market is noticing the rise in carbon-neutral and low-VOC (volatile organic compound) materials is aligning with net-zero goals. Further, circular economy practices, such as reusing and recycling building waste, are gaining traction across regions.