NEW YORK, Jan. 21, 2022 /PRNewswire/ -- The construction materials market report by Technavio infers that the rising number of smart cities is driving this market's growth, resulting in the market growth of USD 1,123.07 billion from 2020 to 2025. 

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The construction materials market covers the following areas:

Construction Materials Market Sizing
Construction Materials Market Forecast
Construction Materials Market Analysis

Vendor Landscape
The construction materials market is expected to remain fragmented during the forecast period. Vendors are using growth strategies such as focusing on product innovations to compete in the market.

Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, CRH Plc, Fosroc International Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd., and Sumitomo Osaka Cement Co. Ltd. are some of the few key vendors competing to maintain their market position in the market.

View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

• Segmentation by Product: 
• Cement: 
• The cement segment will have significant market share growth during the forecast period.
• The majority of the urban population is shifting toward a nuclear family structure. As a result, there will be a significant demand for houses and associated infrastructure. This will drive the cement market during the forecast period.
• Construction aggregate
• Concrete bricks
• Construction metals
• Others

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Regional Market Outlook
APAC will contribute 44% of the market growth during the forecast period. The growth of this region can be attributed to the growing construction activity in emerging countries. If we look at the country-wise market growth, China and India will contribute to the highest market growth in the region.

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Latest Trends and Drivers in the Construction Materials Market

• Market Driver:
• Rising number of smart cities:

The global population is increasing with the rise in urbanization. The increasing population has led to a challenge for services such as public transport and road networks. Countries are building smart cities to ease congestion caused by the growing population. This can be done by efficiently solving issues related to public transport and road networks. Thus, the demand for construction materials will increase in the coming years, with the development of smart cities.

• Market Trend:
• Adoption of new technologies and materials:

The productivity of the construction industry will rise, with the use of new materials and the shifting focus toward the use of prefabricated modular building blocks. Companies should stay updated about technological advances to enhance their customer base and expand their revenue shares. Some of the technologically advanced products include high-performance concrete, durable concrete, condensed silica fume, mineral admixtures, and high-volume fly ash concrete.

Find additional information about various other market drivers & trends mentioned in our FREE sample report.

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