Market Size of Commonwealth Of Independent States (CIS) Building & Construction Sheets Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 5.60 Billion |
Market Size (2029) | USD 7.30 Billion |
CAGR (2024 - 2029) | 5.26 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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CIS Building and Construction Sheets Market Analysis
The Commonwealth Of Independent States Building & Construction Sheets Market size is estimated at USD 5.60 billion in 2024, and is expected to reach USD 7.30 billion by 2029, growing at a CAGR of 5.26% during the forecast period (2024-2029).
- The need for construction sheets is expected to increase in emerging nations for use in building, automotive, and other industries. The increasing demand for construction sheets across a range of applications, as well as for high-performance building sheets, supports market expansion. The target market's revenue is projected to grow throughout the period as a result of increasing R&D activity in the development of low-carbon polymers. The demand for the product in building & construction applications is anticipated to be significantly influenced by the government's increasing construction spending.
- For instance, the task includes building the Tatarstan, Russia, Nizhnekamsk-Naberezhnye Chelny Bypass. Beginning in Q4 2021, construction is scheduled to be finished in Q4 2024. The project's goal is to lessen the area's traffic congestion. Throughout the forecast period, the market is anticipated to be driven by demand for metal sheets in heating, ventilation, and air conditioning (HVAC) applications to enhance overall ventilation capabilities. Additionally, the market is expected to develop significantly due to rising demand for atactic polypropylene, driven by its improved features, including ultraviolet (UV) resistance, flexibility at low temperatures, and flow resistance at high temperatures in roofing applications.
- Global construction projects have been hampered by the conflict between Russia and Ukraine and the sanctions imposed on Russia. International construction projects, as well as the larger US economy and markets, have all been negatively impacted by the increasing conflict between Russia and Ukraine and the ensuing U.S. and international sanctions on Russia. Several investments are moving forward in the Commonwealth of Independent States (CIS) region in 2022, mainly in Russia despite the severe reduction in steel demand caused by the fallout from its war with Ukraine.
- At its Mariupol or Zaporizhzhya factories, Metinvest originally intended to build a new 4.5 mmt Electric Arc Furnace (EAF) to replace some current OHF facilities within a 7–10 year period. The destruction brought on by Russia's conflict with Ukraine, however, has gravely hampered the prospects for this endeavor. In the upcoming two years (2022-23), the company projects that Ukraine's crude steel production will decrease by at least two-thirds (Kallanish, 2022; Metal Expert, 2021).
- In a different part of the region, in the first quarter of 2022, Namangan Metallurgiya Zavodi (NMZ), the nation's second steelmaking facility, began operations in Chust District, Uzbekistan (Metal Expert, 2022). If all current projects are taken into consideration, the CIS's steelmaking capacity might rise by 2.8 mmt (+1.9%) between 2023 and 2025, reaching a level of 147.9 mmt.
CIS Building and Construction Sheets Industry Segmentation
Building and construction sheets are used for the designing of buildings that fulfil spatial, environmental, and visual requirements.
The Commonwealth of Independent States (CIS) buildings and construction sheets market is segmented by material (bitumen, rubber, metal, and polymer), end user (residential, commercial, and industrial), and country (Russia, Belarus, Kazakhstan, Turkmenistan, and rest of CIS countries).
The report offers market size and forecasts for the Commonwealth of Independent States (CIS) building and construction sheets market in value (USD) for all the above segments.
By Material | |
Bitumen | |
Rubber | |
Metal | |
Polymer |
By End-User | |
Residential | |
Commercial | |
Industrial |
By Country | |
Russia | |
Belarus | |
Kazakhstan | |
Turkmenistan | |
Rest of CIS Countries |
Commonwealth Of Independent States (CIS) Building & Construction Sheets Market Size Summary
The building and construction sheets market in the Commonwealth of Independent States (CIS) is poised for significant growth, driven by increasing demand across various sectors such as building, automotive, and HVAC applications. The market is expected to expand due to the rising need for high-performance building sheets and the development of low-carbon polymers. Government spending on construction projects is a key factor influencing market demand, with initiatives like the Tatarstan bypass project highlighting the region's focus on infrastructure development. Despite challenges posed by geopolitical tensions, such as the conflict between Russia and Ukraine, the market continues to see investments, particularly in Uzbekistan, where the building industry is a priority economic sector experiencing steady growth.
The CIS market is characterized by a limited number of competitors, with major players including SafPlast Innovative, Prominvest, Ug Oil Plast, Sumitomo Corporation, and Plastmass Group. The demand for construction sheets is further bolstered by increased residential construction activities in countries like Belarus and Ukraine, leading to a surge in the need for roofing solutions. The market's expansion is also supported by projects aimed at sustainable housing, such as the nearly zero-energy house in Uzbekistan, which reflects a broader trend towards energy-efficient building practices. As the market evolves, the focus on cost-effective, high-quality materials and innovative construction solutions continues to shape its trajectory.
Commonwealth Of Independent States (CIS) Building & Construction Sheets Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Technological Innovations in the Building and Construction Sheets
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1.3 Industry Value Chain/Supply Chain Analysis
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1.4 Government Regulations and Initiatives
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1.5 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION (Market size by value)
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2.1 By Material
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2.1.1 Bitumen
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2.1.2 Rubber
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2.1.3 Metal
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2.1.4 Polymer
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2.2 By End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Industrial
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2.3 By Country
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2.3.1 Russia
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2.3.2 Belarus
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2.3.3 Kazakhstan
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2.3.4 Turkmenistan
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2.3.5 Rest of CIS Countries
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Commonwealth Of Independent States (CIS) Building & Construction Sheets Market Size FAQs
How big is the Commonwealth Of Independent States Building & Construction Sheets Market?
The Commonwealth Of Independent States Building & Construction Sheets Market size is expected to reach USD 5.60 billion in 2024 and grow at a CAGR of 5.26% to reach USD 7.30 billion by 2029.
What is the current Commonwealth Of Independent States Building & Construction Sheets Market size?
In 2024, the Commonwealth Of Independent States Building & Construction Sheets Market size is expected to reach USD 5.60 billion.