Modular Construction Materials Market to Reach $166.85 Billion by 2030, Driven by Growing Demand for Efficiency and Sustainability
The global modular construction materials market is expected to reach USD 166.85 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.9% from 2024, according to a new report by Maximize Market Research. This growth is attributed to the increasing demand for faster, more efficient, and sustainable construction methods.
Market Overview
Modular construction utilizes prefabricated components manufactured off-site and assembled on-site. This approach offers several advantages over traditional construction methods, including reduced project timelines, improved quality control, and less waste generation. The rising popularity of modular construction is driving the demand for specialized materials that are lightweight, durable, and easy to assemble.
Market Scope
The Maximize Market Research report provides a comprehensive analysis of the modular construction materials market, including market size, growth trends, segmentation by material, type, and end-user, and insights into the competitive landscape.
Market Segmentation
The market is segmented by material type, including:
- Steel
- Concrete/Cement
- Wood
- Plastic
By modular construction type:
- Permanent
- Temporary
By end-user:
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
Major Manufacturers
The report also identifies key players in the market across different material segments:
- Steel: ArcelorMittal, Nippon Steel Sumitomo Metal Corporation, Tata Steel Limited
- Concrete/Cement: Cemex, Holcim, HeidelbergCement, UltraTech Cement
- Wood: WOODCHUCK USA, Excel Dowel Wood Products, Richwood Industries
- Plastic: LyondellBasell, BASF, Dow Chemical Company
Regional Analysis
The Asia Pacific region is expected to hold the largest market share due to rapid urbanization and government initiatives promoting sustainable construction practices. North America and Europe are also expected to witness significant growth due to advancements in modular construction technology and increasing awareness of its benefits.
COVID-19 Impact Analysis
The COVID-19 pandemic caused short-term disruptions in the construction industry. However, the market is expected to recover quickly as the demand for modular construction grows due to its inherent safety and social distancing benefits during construction.
Key Questions Answered
- What is the current and projected size of the modular construction materials market?
- What are the key factors driving the growth of the market?
- How is the market segmented by material type, construction type, and end-user?
- Who are the major players in the market?
- Which regions are expected to witness the highest growth?
Table of Contents:
Chapter 1: Overview
Chapter 2: Global Market Status and Forecast by Regions
Chapter 3: Global Market Status and Forecast by Types
Chapter 4: Global Market Status and Forecast by Downstream Industry
Chapter 5: Market Driving Factor Analysis
Chapter 6: Market Competition Status by Major Manufacturers
Chapter 7: Major Manufacturers Introduction and Market Data
Chapter 8: Upstream and Downstream Market Analysis
Chapter 9: Cost and Gross Margin Analysis
Chapter 10: Marketing Status Analysis
Chapter 11: Market Report Conclusion
Chapter 12: Research Methodology and Reference
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