Building Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global building products market is poised for substantial growth in the coming years, according to a recent analysis by Fairfield Market Research. With a projected Compound Annual Growth Rate (CAGR) of 5.2% from 2024 to 2031.

Asia Pacific Emerges as Dominant Force

The Asia Pacific region demonstrates strong growth potential, with a steady value CAGR forecasted during the projected period. By 2031, it is expected to solidify its position as the leading player in the global building products market. This remarkable expansion is fueled by thriving construction sectors in countries like China and India, supported by key contributions from industries such as telecom, urban infrastructure, oil and gas, and railways.

Driving Forces of Growth

The surge in construction activities, particularly in developing economies, is a primary driver propelling the global building products market forward. Factors such as recovering construction activities post-historical stagnation, residential growth fueled by mortgage credit expansion, and rising investments in construction projects across various countries are catalyzing market expansion. Moreover, the non-residential sector is experiencing notable growth in regions like Mexico and Chile, further bolstering market prospects.

Continued Growth in North America

North America is poised to experience significant growth, closely trailing behind Asia Pacific in the global building products market. Throughout the forecast period, the region is expected to maintain a steady Compound Annual Growth Rate (CAGR), solidifying its status as a key player in the industry. The early adoption of building products in both Europe and North America has cemented their positions in the market.

Challenges and Opportunities

While the market outlook is promising, it is not without its challenges. Factors such as the impact of Brexit, potential exit of Greece from the EU, and ongoing economic slowdowns in regions like Brazil present hurdles to market growth. However, opportunities abound, particularly in emerging economies where infrastructure development projects are on the rise.

Impact of Economic Indicators

Several economic indicators play a crucial role in shaping the trajectory of the global building products market. Construction spending, in particular, exerts a significant influence, with associated markets such as paints and grey cement also contributing to market growth. GDP growth rates, albeit with a lower weightage, still wield influence over market dynamics, highlighting the interconnectedness of economic factors and the building products market.

Competitive Analysis

Some key companies are

Akzo Nobel N.V.
PPG Industries, Inc.
Sto SE & Co. KGaA
USG Corporation
Compagnie de Saint-Gobain
Ardex
Knauf Gips KG
Kerakoll Group
PCI Group
Parex Group SA
Mapei S.p.A
Baumit GmbH
Toupret
Caparol
JUB Group
Ceresit
Rockwool International A/S
China National Building Material Company
Etex S.A
PABCO Building Products
Others.

Global Building Products Market Segmentation

By Product Type

Plaster
Renders
Skim Coats
Filling Compounds

By End Use

Residential
Commercial
Industrial
Infrastructural

By Region

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)

By End Use

Residential
Wholesale and Retail Buildings
Offices
Academic and Educational Buildings
Hotels and Restaurants
Others

By Region

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)

1. Executive Summary

1.1. Global Building Products Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Building Products Market Outlook, 2018 - 2031

3.1. Global Building Products Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Plaster
  - 3.1.1.2. Renders
  - 3.1.1.3. Skim Coats
  - 3.1.1.4. Filling Compounds
3.2. Global Building Products Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Residential
  - 3.2.1.2. Commercial
  - 3.2.1.3. Industrial
  - 3.2.1.4. Infrastructural
3.3. Global Building Products Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Building Products Market Outlook, 2018 - 2031

4.1. North America Building Products Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Plaster
  - 4.1.1.2. Renders
  - 4.1.1.3. Skim Coats
  - 4.1.1.4. Filling Compounds
4.2. North America Building Products Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Residential
  - 4.2.1.2. Commercial
  - 4.2.1.3. Industrial
  - 4.2.1.4. Infrastructural
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Building Products Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Building Products Market Outlook, 2018 - 2031

5.1. Europe Building Products Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Plaster
  - 5.1.1.2. Renders
  - 5.1.1.3. Skim Coats
  - 5.1.1.4. Filling Compounds
5.2. Europe Building Products Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Residential
  - 5.2.1.2. Commercial
  - 5.2.1.3. Industrial
  - 5.2.1.4. Infrastructural
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Building Products Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Building Products Market Outlook, 2018 - 2031

6.1. Asia Pacific Building Products Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Plaster
  - 6.1.1.2. Renders
  - 6.1.1.3. Skim Coats
  - 6.1.1.4. Filling Compounds
6.2. Asia Pacific Building Products Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Residential
  - 6.2.1.2. Commercial
  - 6.2.1.3. Industrial
  - 6.2.1.4. Infrastructural
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Building Products Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Building Products Market Outlook, 2018 - 2031

7.1. Latin America Building Products Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Plaster
  - 7.1.1.2. Renders
  - 7.1.1.3. Skim Coats
  - 7.1.1.4. Filling Compounds
7.2. Latin America Building Products Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Building Products Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Building Products Market Outlook, 2018 - 2031

8.1. Middle East & Africa Building Products Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Plaster
  - 8.1.1.2. Renders
  - 8.1.1.3. Skim Coats
  - 8.1.1.4. Filling Compounds
8.2. Middle East & Africa Building Products Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Residential
  - 8.2.1.2. Commercial
  - 8.2.1.3. Industrial
  - 8.2.1.4. Infrastructural
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Building Products Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Building Products Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Building Products Market by End Use, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by End Use Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Akzo Nobel N.V.
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. PPG Industries, Inc.
- 9.4.3. Sto SE & Co. KGaA
- 9.4.4. USG Corporation
- 9.4.5. Compagnie de Saint-Gobain&
- 9.4.6. Ardex
- 9.4.7. Knauf Gips KG
- 9.4.8. Kerakoll Group
- 9.4.9. PCI Group
- 9.4.10. Parex Group SA
- 9.4.11. Mapei S.p.A
- 9.4.12. Baumit GmbH
- 9.4.13. Toupret
- 9.4.14. Caparol
- 9.4.15. JUB Group
- 9.4.16. Ceresit
- 9.4.17. Rockwool International A/S
- 9.4.18. China National Building Material Company
- 9.4.19. Etex S.A
- 9.4.20. PABCO Building Products

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations