Construction Materials - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)

According to Mordor Intelligence, the construction materials market size was estimated at USD 1.53 trillion in 2025 and is estimated to grow from USD 1.61 trillion in 2026 to USD 2.06 trillion by 2031, at a CAGR of 5.05% during the forecast period (2026-2031).

This report is Segmented by Material Type (Aggregates, Cement, and More), Construction Type (New Construction and Renovation and Repairs), End-User Industry (Residential, Infrastructure, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Construction Materials Market Trends and Insights

Rising Renovation and Repair Activity

Renovation was the only construction segment to maintain positive output in Europe during the 2023 to 2024 contraction. This pattern established renovation as a structural source of demand rather than a late-cycle activity. The EU Renovation Wave, supported by EUR 275 billion (~USD 313.67 billion) through the Recovery and Resilience Facility, seeks to double the annual renovation rate by 2030. This support creates a multi-year demand base for insulation, drywall, roofing membranes, and structural fixings. The construction materials market benefits from renovation activity, which typically uses thinner, specialized products that deliver higher value than bulk materials.

Infrastructure-Led Demand for Core Materials

Government infrastructure programs are creating durable demand for aggregates, structural steel, cement, and precast concrete elements. The US Bipartisan Infrastructure Law allocated USD 1.2 trillion for infrastructure investment, including USD 110 billion for roads and bridges and USD 66 billion for passenger and freight rail. These outlays enter construction pipelines over several fiscal years and support material output beyond individual private projects. The construction materials market also benefits from data centers and grid electrification projects, which require high-strength rebar, prefabricated equipment pads, and specialist coatings. Such products carry a premium over standard civil-engineering grades due to more specific performance requirements. Infrastructure programs also strengthen demand visibility for producers capable of supplying large quantities with consistent specifications.

Volatile Energy and Freight Costs

Energy and logistics costs represent an immediate margin risk for construction materials producers and contractors in 2026. Cement, steel, and aluminum production require substantial energy and are exposed to fluctuations in fuel and freight costs. The Associated General Contractors of America reported that aluminum mill shapes increased 39.1% year over year to February 2026, steel mill products rose 20.9%, and diesel prices increased 20.3% during January 2026. These increases followed disruptions to Middle-East energy supplies. This volatility makes it harder for contractors to price fixed-price contracts and can lead to bid withdrawals. Permitting delays and limited recycled-material availability add further pressure by slowing project starts and restricting access to some lower-carbon material grades.

Other drivers and restraints analyzed in the detailed report include:

1. Urban Housing Shortages Supporting New Construction
2. Decarbonization Pressure Accelerating Low-Carbon Material Adoption
3. Carbon Compliance Increasing Production Cost

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Metals are forecast to record the fastest growth among material types at a 5.82% CAGR through 2031. Demand is linked to infrastructure electrification, data center construction, renewable energy infrastructure, and grid modernization. These applications require structural products that meet more demanding technical specifications than standard carbon-steel grades. Aggregates accounted for 37.82% of the construction materials market in 2025, reflecting their essential role in concrete, roadbeds, and drainage systems across construction activity. The segment also benefits from permitted quarry reserves, which are difficult and time-consuming for new suppliers to replicate.

Cement remains the second-largest category by value, while blended and supplementary cementitious products are gaining specification share from standard Portland cement. Lifecycle global-warming-potential requirements in Europe are supporting this shift toward lower-clinker formulations. Bricks and blocks remain relevant in residential construction and heritage renovation, although prefabricated panels are gaining market share in markets with strong off-site construction activity. The other category, which includes insulation, specialty coatings, sealants, and advanced composites, offers greater scope for differentiation, as performance requirements carry greater weight in procurement decisions.

Complete Report Scope:

• By Material Type
  • Aggregates
  • Cement
  • Bricks and Blocks
  • Metals
  • Others by Material Type
• By Construction Type
  • New Construction
  • Renovation and Repairs
• By End-User Industry
  • Residential
  • Infrastructure
  • Commercial
  • Industrial
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific held 46.82% of the construction materials market share in 2025 and is forecast to grow at a 6.02% CAGR through 2031. China, India, and Southeast Asia combine large construction output with ongoing urbanization. India's demand is driven more by infrastructure than by residential property, while Vietnam, Indonesia, and the Philippines are emerging as secondary growth centers.

North America presents a mixed outlook across end uses. Infrastructure and data center projects are consuming large quantities of structural steel, precast concrete, and specialty coatings. Residential activity remains constrained by affordability conditions. US infrastructure funding supports transportation and water projects that require significant aggregate quantities. Input prices rose 6.2% year to date as of April 2026, driven by metals and fuel. Mexico benefits from nearshoring-related industrial construction in its northern manufacturing corridor.

Europe is recovering gradually after two years of contraction, supported by civil engineering activity and market stabilization in Ireland, Spain, Portugal, and the UK. Germany, France, and Italy continue to face weaker demand due to high construction costs, cautious households, and regulatory complexity. European procurement is increasingly shaped by lifecycle global warming potential rules and the planned rollout of Emissions Trading System 2 (ETS2). South America, the Middle-East, and Africa account for the remaining market share. Brazil remains Latin America's largest construction market, and the Gulf states continue to pursue major infrastructure and large-scale project programs.

1. Buzzi S.p.A.
2. Cemex S.A.B DE C.V.
3. CRH
4. CSR Limited
5. Heidelberg Materials AG
6. HOLCIM
7. Kingspan
8. Martin Marietta
9. Owens Corning
10. Saint-Gobain
11. Taiheiyo Materials Corporation
12. TATA Steel Limited
13. Titan Cement International S.A.
14. Vicat S.A.
15. Vulcan Materials Company

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support