Building Materials Market Procurement Intelligence Report | Forecasts of over USD 200 Billion Spend Growth in the Building Materials Market
LONDON--(BUSINESS WIRE)--Nov 29, 2019--
SpendEdge has been monitoring the global building materials market and the market is poised to experience spend growth of more than USD 200 billion between 2018-2023 at a CAGR of over 5% during the forecast period. Request Free Sample Pages.
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SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Building Materials Market - Procurement Intelligence Report (Graphic: Business Wire)
Read the 127-page research report with TOC and LOE on “The Global Building Materials Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”
The rapid phase of industrialization in developing countries will result in a steep rise in construction activities. This will act as one of the primary growth drivers in the building materials market. The pressing necessity to adhere to the global environmental regulatory framework will drive enterprises to procure green building materials which will contribute to spend growth in the building materials market.
In terms of regional spend growth, APAC has the largest share to claim in the global building materials market. The increase in the construction of commercial spaces in India, China, Indonesia, and South Korea will contribute to spend momentum of this market. The unveiling of a series of infrastructure construction projects such as the Newark liberty international airport – regional plan association, and the Plaquemines project, among others, will create massive requirements and will drive spend growth in this market to a significant extent. Out of the market segments, cement held a significant share in the overall spend growth in the building materials market in the US last year owing to the Making it In America initiative. This initiative will lead to an increase in the construction of manufacturing facilities, which will further drive the demand for cement during the forecast period.
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Insights into the market pricing trends
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Some of the top building materials suppliers enlisted in this report
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View source version on businesswire.com:https://www.businesswire.com/news/home/20191129005167/en/
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INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY NATURAL RESOURCES ENVIRONMENT OTHER MANUFACTURING BUILDING SYSTEMS OTHER CONSTRUCTION & PROPERTY MINING/MINERALS MANUFACTURING
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PUB: 11/29/2019 10:30 AM/DISC: 11/29/2019 10:30 AM