The building materials industry consists of a wide range of companies involved in the mining, quarrying, and processing of raw materials used for building construction.
The global building materials industry, as a major part of the construction industry, encompasses cement, brick, concrete, sand, aggregates, and gravel manufacturers. Among the most commonly used building materials are steel, glass, wood, plastics, and cement.
The industry supplies related sectors, including building construction, wiring manufacturers, and furniture manufacturers. The importance of the building materials industry is closely tied to the significance of the construction industry in the global economy. Both are key sectors that contribute significantly to a nation's economic growth. The construction industry is an investment-driven sector in which governments show high interest.
The growth of the construction and building materials industries depends on the development of the construction industry, but it can also limit its expansion. An insufficient supply of building materials can lead to economic slowdowns.
Key trends in the building materials industry:
