Europe Building Materials Market - Future Projections and Key Business Strategies to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-20
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Europe Building Materials Market - Future Projections and Key Business Strategies to 2024

The thriving tourism industry in Europe is yet another factor which contributes remarkably to the growth of the Europe building materials market. Estimates show that millions of tourists frequent the continent on a regular basis, making it inevitable to develop hotels, resorts and other commercial buildings that can accommodate the increasing influx of tourists. While southern and Mediterranean regions of Europe rank highly in terms of international arrivals, visitors to central and Eastern European nations are also projected to increase in the upcoming years which will add to the need of increasing tourist accommodations in these countries.

Based on the research, the size of the overall Europe Building Materials Market was recorded at USD 85 billion in the year 2017 and is now projected to surpass around USD 125 billion by 2024. The Europe Building Materials Market size, between the duration 2018- 2024, is anticipated to witness a CAGR of 5.5%. 

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Regional Growth Drivers –

  1. UK: Growth of the construction sector and expansion of infrastructural renovation projects
  2. Germany: Rising demand for green building material
  3. France: Rising demand for prefabricated residential buildings
  4. Belgium: Rising demand for R&M activities
  5. The Netherlands: Favorable incentive schemes supporting the construction industry
  6. Luxemburg: Increasing urbanization
  7. Italy: Progression in wood industry
  8. Russia: Growing awareness towards green building practices
  9. Rest of Europe: Preference for wood-based building products

Since building construction in Europe has been estimated to be expanding exponentially, the European Union has been revising its approach to regulations over building materials to improve sustainability of buildings and environmental performance of buildings. EU introduced Level(s) which is essentially a voluntary reporting framework that looks into the sustainability of buildings and accesses their impact on sustainability at the European level. The European Union wants the regional construction industry to move away from the linear economic model where a substantial amount of waste is created and embrace a more resource efficient model.

Considering that the buildings sector consumes a large portion of the resources, accounting for approximately half of all extracted materials, one third of water consumption, half of total energy consumption and one third of waste generation, green building materials in Europe is increasing in demand to adhere to the emission and wastage arrest goals in the continent. The green construction trend would thus add a highly progressive acceleration to the Europe building materials market.

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Know about Market growth in New Research and its Top growing factors by Key Companies like: -

BASF, Bituline Industries SA, James Burrell, PCI Augsburg GmbH, Murdock Builders Merchants, Saint-Gobain, JSC SKV, Saint-Gobain Gyproc, Fassa Bortolo, Siniat (acquired by Etex), Thebault Group, UPM Plywood, Danzer Group, Puumerkki Oy, Mogentale A Srl, Klausner Group, Kastamonu Entegre, Lumber/Timber/Truss manufacturers, Pfeifer Holding GmbH, Ilim Nordic Timber GmbH & Co., Stora Enso Oyj, BSW Timber Group, Sodra Group, Panel manufacturers (plywood, MDF, Particleboard and OSB), Metsa Wood, AS Latvijas Finieris, SVEZA, Grupo Garnica Plywood, S.A., Glennon Brothers, Flooring manufacturers (MDF, HDF, plywood, other engineered based and solid), Svenska Cellulosa Aktiebolaget SCA, Danzer, Holz Braun

Split by application, the market is divided into: -

  1. Flooring
  2. Door and Window
  3. Kitchen
  4. Bath
  5. Vanity
  6. Toilet
  7. Roofing
  8. Outer Siding
  9. Furniture [Interior, Garden Furniture]

Additionally, the report contains details relating to the numerous organizations that form a part of the competitive scene of this industry. The various advancements in the market, developments, and different components influencing the product demand are additionally expounded in detail.

The significant regions worldwide that may probably build up a conspicuous hold in the business and the ones that have significant odds of developing as vital income pockets are enrolled in the report. Likewise, a top to bottom assessment of the most recent advancements in the business, along with definite profiles of all the critical organizations in the market are given in the report, coupled with a special model investigation.

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A SWOT analysis, overviews, and the strategies deployed by significant merchants in the market give a careful comprehension of the industry scenario and what chances the market has of depicting positive growth prospects. Likewise, the investigation shows an itemized market division which depends on the product type, application, and innovations. The business strategies embraced by significant market players paired with the rising progressions and significant development possibilities of the business until 2024 have been given.



About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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