Top 10 Emerging Construction Materials Markets in Q4 2024
The construction industry is rapidly changing as new trends and technologies change the landscape. Especially, key markets are poised to witness significant growth by 2031. These things deal with urbanization, infrastructure expansion, and meeting environmental regulations. By 2031, each of these markets is expected to grow significantly, led by trends in environmentally friendly solutions, digital and innovation science.
1. Construction Chemicals Market
The market for construction chemicals is driven by the need for high-performance materials that improve the durability and quality of buildings. The main drivers are the demand for sustainable and environmentally friendly chemicals, especially in developed countries, and increasing urbanization fueling large-scale infrastructure development. Furthermore, drug development improves efficiency, accelerates the treatment process and enhances system integrity. The construction chemicals market is expected to reach USD 90 billion by 2031.
2. Construction Equipment Market
Technological advancements and pressure towards automation in manufacturing are the major drivers of the construction equipment market. Other factors, such as the global push for infrastructure are driving demand for more efficient modern equipment. The increased focus on safety and efficiency also encourages the use of smart devices. The global construction equipment market is estimated to reach USD 300 billion by 2031.
3. Ceramic Tiles Market
The ceramic tiles market is driven by the growing trend of cost-effective sustainable luxury interior design and flooring solutions especially in emerging markets with increased urbanization and disposable income. Regions such as Asia-Pacific lead the market, driven by rapid production in India, China and Southeast Asia. By 2031, the ceramic tiles market is expected to reach USD 145 billion.
4. Green Cement Market
Sustainability concerns and stringent environmental regulations are the major drivers of the green cement market. As governments around the world set carbon reduction targets, green cement is emerging as a more sustainable alternative to conventional cement, contributing significantly to greenhouse gas emissions disposal occurrence. This growth has been particularly strong in regions with strong environmental policies, such as Europe and North America. By 2031, the green cement market is set to reach USD 50 billion.
5. Fiber Cement Market
Fiber cement’s durability and resistance to mold and water makes it popular in extreme humidity or severe weather conditions. Increased investment in residential buildings, where the materials are fire resistant, is fueling the demand in both developed and emerging markets. Key drivers of growth are regions with a strong emphasis on climate-resistant durable building materials such as North America and Europe. By 2031, the fiber cement market is expected to grow to USD 20 billion.
6. Ready-Mix Concrete Market
Ready-mix concrete (RMC) offers time and labor savings, making it ideal for large-scale infrastructure projects and tall buildings. Urbanization and increasing investments in smart city projects are driving the demand for RMC. The need for accuracy and uniformity also encourages their use in commercial manufacturing. The increasing demand for customized building materials in the urban infrastructure sector is driving the market growth. The ready-mix concrete market is forecast to reach USD 120 billion by 2031.
7. Ceramics Market
The ceramics market is driven by the growing demand for the durable and aesthetically pleasing materials for residential and commercial purposes. Key drivers include rising disposable income, especially in developing regions, supporting demand for high-quality ceramics. The global ceramics market is expected to reach USD 150 billion by 2031, especially as Asia Pacific leads the growth due to rapid urbanization and for production in countries such as China and India.
8. Gypsum Board Market
The gypsum board market is primarily driven by a rise in the construction activity, especially in the residential and commercial sectors. Key drivers include increasing demand for durable, cost-effective and fire-resistant building materials, especially in emerging markets with fast-paced cities including lightweight gypsum boards. Another important factor is the growing demand for environmentally friendly building materials. Gypsum boards can be made from recyclable materials, contributing to LEED certification credits for green buildings, which is a priority in many developed and developing countries. By 2031, the global gypsum board market is expected to reach about USD 85 billion.
9. Ceramic Matrix Composites Market
Ceramic matrix composites are gaining traction due to their superior thermomechanical properties, making them suitable for the high temperatures, especially in the aerospace, automotive, and the defense industries. Another driving factor is the growing importance of products that can withstand harsh operating environments. The ceramic matrix composites market is expected to reach about USD 15 billion by 2031.
10. Synthetic Gypsum Market
Regulations focused on reducing waste and carbon emissions treat the use of synthetic gypsum as an environmentally friendly material as waste and carbon emissions. Synthetic gypsum, a by-product of industrial products that would otherwise be disposed of, conforms to circular economic principles. The North America region in the market for synthetic gypsum, which is the largest consumer of dry wall cement, is expected to continue its steady growth. By 2031, the synthetic gypsum market is expected to reach USD 7 billion.
The construction industry is experiencing strong increase, pushed by means of worldwide developments within the urbanization, environmental responsibility and the technological innovation. The construction industry can deliver economic and environmental advantages, extensively widespread products and regulated development to take place in 2031. As infrastructure continues to accelerate globally, these markets are well positioned to play a key role in meeting future production demand. From environmentally friendly methods such as the green cement and synthetic gypsum to more efficient processes such as ceramic matrix composites.
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