Rise in Construction Activity will Spur Demand for Building Materials, According to a New Report Published by Global Industry Analysts, Inc.

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Growing economy, discretionary spends, growth in construction activity and trends for energy efficient and aesthetically appealing products will drive future growth in building materials market. Foreign direct investments in construction development projects are expected to enable major technological breakthroughs in the industry.

Building Materials: A Global Outlook

Globally, market for building materials is driven by trends in construction industry and stricter environmental legislation (CO2 emissions). Increasing industrialization and rising living standards in developing countries of Asia, Middle East, Africa, Eastern Europe, and Latin America will be key factors for growth in building materials. Rising income levels, government initiatives to encourage construction of energy-efficient buildings will also create opportunities for building materials market.

Global building materials industry is highly fragmented due to the availability of wide range of building materials and large number of suppliers. With growing end-users' penchant for aesthetically rich building materials, manufacturers and suppliers are continuously on lookout for new designs, shapes styles to satisfy their variety-seeking clientele. Inter-segment competition has warmed-up due to the rise of plastics as cheaper and better alternatives to metals, glass and wood in construction. Although market for green building materials currently accounts for minuscule of the global building materials market, the trend is expected to pick up in imminent years due to rising interest in eco-friendly green buildings.

Production and use of engineered wood products (EWPs) such as glued laminated timber or glulam is growing across the world. Engineered wood products scores over other traditional building materials based on the superior functional benefits, eco-friendly features and low cost. Structural wood I-beams and LVL are predominantly in demand in North America because of extensive use of wood-frame structures and the facility to alter their features. In Europe, application in structural and nonstructural ends in commercial and residential markets is fueling engineered wood products market.

North America, Western Europe and Asia-Pacific regions account for lion's share of the worldwide cement and concrete additive market. Despite slow economic recovery and sluggish residential construction activity, demand for the cement and concrete additives in developed nations will continue to increase based on wide applications, albeit at a slower pace.

Aggregates such as crushed stone and sand, and gravel are used as basic material in the construction, agriculture, chemical, and other industries. Market for aggregates will be propelled by rising urbanization, growing population, commercial/ industrial construction and renovation activities.

The report titled "Building Materials: A Global Outlook" provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global construction landscape, identifies major market segments, and offers a bird's eye view of the industry's diverse and far-flung dynamics impacting demand. The report also offers incisive insights into key technological breakthroughs i.e. the evolution of Fiber-Reinforced Concrete, Flyash, and Insulated Concrete Forming (ICF), among others. The report provides an exclusive prelude to the world cement & concrete market. Market discussions in the report are punctuated with 26 fact-rich market data tables with a special focus on the faltering US market. The growth engine in the world construction industry, the Chinese market, is also elaborated upon and punctuated with statistical findings and discussions on accompanying trends, and issues. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 576 companies worldwide.

For more details about this research report, please visit
http://www.strategyr.com/Building_Materials_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com

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