Building Materials Market - Statistics & Insights

Building Materials overview

The global building materials market, valued at USD 1.38 trillion in 2024, is underpinned by strong demand across residential, commercial, and infrastructure construction projects. Asia-Pacific accounted for nearly 52% of global consumption in 2024, driven by large-scale urbanization, government-backed infrastructure programs, and rapid housing expansion in China, India, and Southeast Asia. In contrast, developed markets in North America and Europe maintain higher average pricing, reflecting stricter adherence to green building codes, sustainability certifications (LEED, BREEAM), and energy-efficiency mandates, while Asia-Pacific remains primarily volume-driven and cost-competitive.

Published by MMR Statistics Research Team, Updated

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