Europe Building Materials Market: Regional Statistics, Company Analysis & Growth Forecast to 2027
The size of Europe Building Materials Market was registered at USD 112.8 billion in the year 2020 and is anticipated to cross USD 144.8 billion by 2027. Between the period 2021-2027, the market is expected to register a CAGR of 3.8%.
High disposable income and investments towards the construction of new residential and commercial projects will be some of leading factors behind Europe building materials industry growth. Growing awareness pertaining to carbon-emission levels have supported the demand for sustainable and durable construction materials.
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There has been a considerable increase in the demand for wooden furniture over time, due to the changing consumer preference for advanced and modern architectural designs. Europe building materials industry from the furniture segment is poised to register remuneration worth $60 billion by 2027.
Increasing sale of building materials such as gypsum, hardboard (also referred to as High-Density Fiberboard plywood, and Medium-Density Fiberboard) for infrastructure advancements will steer the industry size. Changing consumer preferences towards a strong building structure to withstand extreme weather conditions will also support the industry growth. Europe building materials market size is projected to amass USD 145 billion in value by 2027.
Europe building materials market growth from the gypsum segment at a 6.5% CAGR through 2027. Gypsum has witnessed extensive application in the construction of buildings, especially ceilings and walls. It can also be used to produce Plaster of Paris, retarder in Portland cement, and wallboard. Many building structures have been using gypsum, especially in commercial spaces to address noise disturbances.
Outdoor wooden furniture has showcased strong potential in resorts, hotels, and tourist locations. Moreover, roof-top farming and balcony gardening has gained popularity, driving the demand for logs, timber, boards, and various other types of materials that offer superior mechanical strength. Materials like particleboard, plywood, and oriented strand board are also being used to offer support to the roofing structures.
The fragmented industry includes some of the leading players that are constantly working to develop new products to meet the dynamic needs of consumers in Europe. Partnerships and mergers are a few of the many measures taken by the companies to expand their presence worldwide.
Evidently, Europe is a developed market that boasts of a strong presence of regional market players. The UK, France, and Germany are focusing on developing and repairing existing buildings owing to rapid growth in population, which could stimulate market trends over the forecast spell.
Efforts taken by governments across the region to enhance the construction sector, with an aim to offer reliable, and affordable housing to all in the region will drive the adoption of high-quality building materials in Europe.
The advent of green buildings due to rising carbon emission levels has encouraged industry players to introduce modern products, further propelling Europe building materials market size.
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Some Point from Table of Contents:
Data Table
TABLE 1. Europe building materials industry 3600 synopsis, 2017 – 2027
TABLE 2. Europe building materials market volume and revenue, 2017 – 2027, (Thousand Cubic Meters) (USD Million)
TABLE 3. Europe building materials industry volume and revenue, 2017 – 2027, (Thousand Cubic Meters) (USD Million)
TABLE 4. Europe building materials industry volume by material, 2017 – 2027 (Thousand Cubic Meters)
TABLE 5. Europe building materials industry volume by material, 2017 – 2027 (Thousand Cubic Meters)
TABLE 6. Europe building materials industry revenue by material, 2017 – 2027 (USD Million)
TABLE 7. Europe building materials industry revenue by material, 2017 – 2027 (USD Million)
TABLE 8. Europe building materials industry estimates & forecast by application for lumber and wood panel products, 2017 – 2027 (Thousand Cubic Meters)
TABLE 9. Europe building materials industry estimates & forecast by application for lumber and wood panel products, 2017 – 2027 (Thousand Cubic Meters)
TABLE 10. Europe building materials market estimates & forecast by application for lumber and wood panel products, 2017 – 2027, (USD Million)
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