Global Construction Materials Industry Volume - Ken Research

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Developments in the Construction Material Market
Outlook Ken Research
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The global demand for construction materials is
very erratic showing different levels of demand.
From extremely high demand to stagnant demand,
the global construction materials industry has
witnessed it all in the recent years. This demand
relates to the state of the international
economy. A strong and robust economy would imply
an increasing demand for the construction
materials. The construction materials industry
faces a host of challenges. Rising environmental
concerns, stricter regulations are some of them.
Customers also require improved quality in the
construction materials which poses a hindrance to
the growth of this industry. In order to tackle
the rising costs, companies are trying to take
the advantage of economies of scale by producing
huge amounts of construction materials and
dumping the same into the market.
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The recent trend has been to produce materials
that not only provide efficiency but also result
in subsequent cost reduction in terms of energy
consumption. Unlike the traditional principle of
business where they focus on ensuring repeat
sales, the companies in this industry focus on
producing top quality goods having the capability
to last at least a decade. According to the
study, Construction Materials Global Industry
Guide 2013-2022, the global construction market
is segmented into cements, aggregates and bricks.
The aggregates include sand, gravel, rocks and
other materials used for construction purposes.
The brick segment includes all the materials
that are developed with the use of fire clay and
traditionally include bricks and pipes whereas
cement includes hydraulic cements for instance
Portland cement. Some major companies that
operate in the construction material
manufacturing are Saint Gobain, Cement Roadstone
Holding, Daikin Industries, LafargeHolcim and
Heidelberg Cement AG. The region wise analysis
and studies have revealed that Asia-Pacific
region has driven the construction market to new
heights due to presence of fast growing economies
present in the region which are also
characterized by increasing foreign investments.
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Over the coming years, technology shall be widely
integrated in this field. The important field
being integrated here is the Internet of things
which is set to make building information
modeling (BIM) into a reality. BIM is a
representation of the physical characteristics of
a building according to which the decisions
relating to construction can be easily made
without having to make expensive models. The
introduction of technology (drones) could
possible reduce the time involved in transporting
the materials from the manufacturers to the end
users. With the introduction of virtual reality,
purchasing decisions can be made at an earlier
stage and not involve even slightest amount of
cost. For instance construction projects are
usually abandoned if they are not as per the
requirements of the under. Companies would be
able to sell their products via online mode
without maintaining huge stock of goods. The
growth in this industry shall be considerably
high because of overall projections of global GDP
to show an upward trend in the coming years
alongside an increase in the disposable income
especially in the developing countries. The
global competition in this industry is intense
with only big enterprises succeeding in gaining
more market share.
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