How big is the Construction Materials Market | Global Growth & Outlook 2025

Q: What is the current size of the global construction materials market?

The global construction materials market is valued at approximately USD 1,320 billion in 2024.

Q: What is the projected market size for construction materials?

It is expected to reach nearly USD 2,050 billion by 2031.

Q: What is the CAGR of the construction materials market from 2024 to 2031?

The market is projected to grow at a CAGR of 5.7% during this period.

Q: What is the overall growth percentage of the construction materials market between 2024 and 2031?

The market is anticipated to grow by approximately 55.3% over this timeframe.

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?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4956

Publication Date: Jul 2025

What is the Construction Materials Market Size?

According to 6Wresearch internal database and industry insights, the Construction Materials market was valued at USD 1320 billion in 2024 and is anticipated to exceed USD 2050 billion by 2031, registering a steady at a CAGR of 5.7% during the forecast period.

The construction materials industry is growing steadily because of fast development, more money going into infrastructure projects, and a rising desire for eco-friendly building solutions. The growth of home, commercial, and industrial construction projects, especially in developing countries, is also a big reason why the industry is growing.

Major Growth Factors of the Construction Materials Industry

Technological advancements in building materials
Rising government investments in housing and transport
Growth in renovation and remodelling activities
Expansion of smart cities and green buildings
Demand for energy-efficient and sustainable materials
Urbanization and infrastructure development

Construction Materials Market Trends

The market is increasingly shifting toward the adoption of eco-friendly and energy-efficient construction materials. There is also a noticeable rise in demand for prefabricated products and modular construction systems. Digital integration, such as BIM (Building Information Modelling), is gaining traction among industry players.

Emerging Developments in the Construction Materials Industry

Manufacturers are investing in R&D to innovate recyclable and carbon-neutral building materials. The integration of AI and robotics in material production and on-site application is reshaping traditional construction methods. There’s also an increase in strategic mergers and acquisitions to enhance product portfolios and global reach.