The global building and construction materials market, valued at USD 2.19 trillion in 2024, is projected to reach USD 3.90 trillion by 2034 at a compound annual growth rate of 5.95%. Growth is being propelled by accelerating urbanization and infrastructure expansion worldwide. The market encompasses traditional materials such as concrete, steel and cement alongside emerging sustainable alternatives like engineered wood, recycled composites and low-emission cement. Government initiatives promoting energy efficiency and environmental responsibility are reshaping industry standards, while digital technologies, including AI, BIM and modular construction, are improving project efficiency and reducing waste.
Regionally, the Asia-Pacific market dominates, holding 55% of global share in 2024 thanks to rapid urban development in China and India, with North America expected to be the fastest-growing region over the coming decade. The concrete segment led with 60% of market share, and residential construction accounted for 45%. Sustainability and technological innovation remain the central growth drivers, with rising adoption of green materials, circular-economy principles and AI-driven design and supply-chain optimization. Leading players include Saint-Gobain, LafargeHolcim, CNBM, CRH plc and ArcelorMittal, among others, as the sector moves toward smarter, greener, and more efficient building solutions.
