The growth and health of the building materials market is driven by a set of critical high level metrics that include: the overall growth in both private and public spending in residential, commercial, and infrastructure construction markets; the strength of the export markets,; and the ability for suppliers to hold pricing in times of volatile raw material costs and market cost reduction pressure.
In the US, much of the growth experienced since 2012 in the building materials industry can be associated to with “catching up” to pre-recession construction activity, as the current 2017 market construction numbers mirror those of 2007. The concern of many in the industry is if the market is poised to continue to grow beyond the pre-recession mark, or if it will plateau.
The government commitment to improve US infrastructure through the passing of the 'Fixing America's Surface Transportation Act should open up federal funding over the foreseeable future driving growth in the public sector. In addition, residential construction is projected to continue to grow form the 2009 low point, which should provide enough critical mass to extend the growth of the US building materials market through 2020.
The global construction market is expected to reach over 1 trillion U.S. dollars in 2020 worldwide. The growth in Asia’s market is expected to be one of the most significant in the world. This growth is especially prominent in China where increase in urbanization has been one of the main drivers behind the government’s proliferation of infrastructure and housing project investments. This sector comprised a U.S. export portfolio worth $35.2 billion in 2015. It is projected to grow to $39.4 billion in 2018.
Priority Metrics Group conducts custom market research and provides unparalleled insight needed for uncovering growth opportunities in the building materials market.
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Areas of Concentration
Representative Building Materials Projects
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