BUILDING MATERIALS MARKET SIZE OUTLOOK (2024-2031)

Building materials are substances used in the construction of structures and can be natural, synthetic, or composite. Examples include wood, stone, concrete, steel, and glass. Their selection depends on factors like durability, strength, cost, and aesthetics. Sustainable and energy-efficient materials are increasingly favored to reduce environmental impact. Choosing the right materials is essential for ensuring the safety, functionality, and visual appeal of buildings.

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Rising Demand for Innovative Materials

With consumers and developers prioritizing affordability, environmental friendliness, and energy efficiency, the construction sector is experiencing high demand. As residential and commercial projects increase, construction activity is rebounding, driving industry growth.

In response to these trends, CRH announced the launch of CRH Ventures in 2022. This innovative investment firm will focus on technologies addressing key challenges in the building sector, backed by a fund of USD 250 million. CRH Ventures will evaluate investment opportunities based on several factors, including potential for decarbonization, automation, and the development of advanced sustainable building materials.

cement is projected to rise.

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