Global Market for Building Materials to Scale New Heights, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Building Materials Industry. Strong economic growth, industrialization, and urbanization, resulting in increased infrastructure and housing needs helped the global market to survive the vagaries of recession, although at a much tempered pace. Developing markets drove global recovery on a massive scale, pushed by new housing starts and government initiatives. In a market place characterized by intense competition, looks and external appearance is largely shaping the consumption pattern in building materials industry. This has opened up wider frontiers of competition among market players.

Building Materials: A Global Outlook

Follow us on LinkedIn – Building materials have for long remained functionality driven products. Innovation in product development often revolve around efforts aimed at improving the performance characteristics of building materials, reducing the costs of products, and widening the range of end uses for which the products are used. Over the years, inter-segment competition has warmed-up due to the rise of plastics as cheaper and better alternatives to metals and wood in construction. Changing consumption is also attributable to shift in demand. For example growth in multi-storied apartments has increased concrete consumption in lieu of wood as construction materials. Another factor influencing demand is convenience. Ready-mix concrete has become material of choice because of the convenience the product offers. The global building materials is forecast to grow at a strong growth over the years, bolstered with impressive pace from developing markets. The Asia-Pacific market in particular, is poised to drive home large gains, buoyed by the booming construction activity in China, India and Indonesia among others.

The concept of using green building materials is fast catching up pace across markets worldwide. Green materials have already forayed deep into the global construction industry and in the current scenario the segment is also one of the fastest growing of all building materials. As more people become aware of the benefits of this concept, demand for green building materials is increasing. Further, the fact that most of these materials are available domestically within any country gives way for the dependence on imports, which also is a contributing factor to the market’s growth. Taking the green concept a step forward in its endeavor are emerging technologies such as advanced insulation, dynamic windows and the like that are reckoned to be holding immense growth potential. New insulation technologies like phase-change materials and aerogels, with the capability of switching between dark and clear states in accordance with the shade of the sun, are forecast to grow further in importance.

The complete meltdown of the financial system created a massive distress in the real estate market with credit being totally withdrawn from this sector. Industrial and commercial properties witnessed stinging falls in occupancy rates, tenant demand, and rentals. The residential housing market similarly witnessed declining home ownership, new constructions, and eroding property values throughout 2009. Nevertheless, in 2010, the industry appeared to have limped out of the broken economy witnessing improvements in business environments and recovery in growth. Projected increases in public construction activity paved way for greater consumption of building materials. Resurgence in infrastructure spends, improvement in liquidity situation, softening of interest rates, continued urbanization, all helped growth drive back into fore. The strong growth for building materials markets in developing markets such as China and India propped up global growth patterns.

The research report titled “Building Materials: A Global Outlook” announced by Global Industry Analysts, Inc., 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 recession-related dynamics impacting demand. The report also offers incisive insights into key technological breakthroughs i.e. the evolution of Fiber-Reinforced Concrete, Flyash, Green building materials, ICF and others. Discussion on the industry’s regional markets are amply detailed with unbiased research commentary and punctuated with fact-rich market data tables with a special focus on the US and China markets. The report offers a compilation of strategic corporate developments and product launches. Other markets briefly synopsized to offer the reader a prelude to regional dynamics, include France, Finland, Germany, Russia, UK, Turkey, Australia, India, Indonesia, Argentina, Brazil, and Saudi Arabia among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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

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