Market Size of United States Construction Materials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Construction Materials Market Analysis
The United States Construction Materials Market is expected to register a CAGR of greater than 3% during the forecast period.
The COVID-19 pandemic adversely affected the US construction materials market. Disruptions in supply chain activities worldwide and strict lockdowns have resulted in a decline in the market. Nonetheless, the market recovered in 2021 and is expected to rise significantly in the coming years.
- Over the short term, rising investments in the infrastructure and industrial sectors, coupled with growing mining activities and the increasing popularity of dimensional stones, are the major factors driving demand in the market studied.
- However, stringent mining and quarrying regulations are expected to hinder the market's growth.
- Nevertheless, rising investments in sustainable and innovative technologies is expected to create new opportunities for the market studied.
