The building construction partnership market involves the collaboration between building material manufacturers, construction companies, and contractors for supplying construction raw materials such as cement, steel, glass, and gypsum to construction sites. Building material manufacturers benefit from bulk sales and steady demand through long term supply contracts with construction companies. On the other hand, construction companies get reliable suppliers and consistent supply of quality materials for their projects. The use of gypsum-based products is rising in the building construction market owing to properties like fire resistance, sound insulation, and easy molding into wallboards and panels. Gypsum finds widespread applications in wall construction, ceiling lining, partition boards etc.
The Global building construction partnership market is estimated to be valued at US$ 145.71 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the building construction partnership market are Knauf AG, LafargeHolcim, Yoshino Gypsum Co. Ltd., Global Mining company, Saint Gobain, Jonoub Gypsum, Georgia Pacific, Zawami Minerals Co., Rajasthan State Mines, FCI Arawali Gypsum, AI Jood Natural Resources, American Gypsum, Gypsco, Vinayak Gypsum, Gypsona, Boero USA, Arcosa Specialty Chemicals. Knauf AG and LafargeHolcim dominate the market with a combined market share of over 30%.
The growing Building Construction Partnership Market Demand of residential and commercial buildings around the world is driving the demand for construction materials. Rapid urbanization, rising income levels, and growth in infrastructure development are expected to fuel the building construction industry in the coming years.
The global building construction partnership market is witnessing strong growth in emerging economies due to increasing construction spending and robust economic growth. The Asia Pacific region accounts for over 50% market share led by China, India, and other Southeast Asian countries. North America and Europe arealso prominent regional markets but are expected to witness moderate growth rates.
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