Europe Building Materials Market Report to 2024 - Application Analysis and Regions Outlook
Category: #headlines  By Rahul Varpe  Date: 2020-11-18
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Europe Building Materials Market Report to 2024 - Application Analysis and Regions Outlook

Flooring market is projected to observe more than 5.4% CAGR from 2018 to 2024. The construction industry uses particle board in applications, such as interior lining, floor, web plate, the base material in door core, and furniture frame making process. Flooring products are mostly made from the particleboard sheets due to dimensionally stable benefits augmenting industry share. Modern architecture is gaining consumer attention, especially the new generation designs, shades, and textures, stimulating the Europe building materials market growth.

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Roofing segment was accounted for more than USD 560 million in 2017. European roof framing is mainly built from timber, logs, boards, and different types of wood species that provide excellent mechanical strength. Increasing requirement for high quality materials including wood components to provide strong structural support will foster demand for the Europe building materials.

Innovative energy saving building designs coupled with new product developments will offer lucrative business opportunities for future construction projects. Europe commercial construction industry have experienced strong revenue growth rate with more than 9.4% from 2013 to 2016 and projected to grow at a faster pace during the forecast time frame.

Changing consumer preference towards high performance, superior quality, and low material cost will accelerate the industry growth. Manufacturing companies are continuously focusing on development of affordable, durable and attractive product portfolio which will further fuel the business expansion. Increasing penetration of premium windows and door designs will positively impact the Europe building materials market growth.

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Lumber market registered over USD 70 billion market revenue in 2017 owing to its excellent physical strength and superior support benefits. Hardwood species are ash, oak, red oak, birch, mahogany, maple, rosewood, teak, and lauan are expected to witness high demand. Superior physical hardness, stiffness, and creep resistance are the key benefits augmenting the Europe building materials market expansion.

Increasing government spending on renovation projects & smart cities development are the key factors fueling Europe building materials market share. Factors such as environmental concern and rapid urbanization has surged up the need for smart infrastructure solutions. Shifting trend towards efficient construction practices with superior ability offering enhanced integration, improved planning, and advanced designing benefits will primarily drive the industry growth.

Major players operation in the industry are: 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

Related Reports: -

Industrial Air Compressor Market: https://www.globenewswire.com/news-release/2019/12/19/1962540/0/en/Industrial-Air-Compressor-Market-revenue-to-surpass-USD-24-Bn-by-2026-Global-Market-Insights-Inc.html

Decorative Concrete Market: https://www.globenewswire.com/news-release/2019/12/16/1960717/0/en/Decorative-Concrete-Market-revenue-to-hit-USD-23-8-Bn-by-2026-Global-Market-Insights-Inc.html         

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About Author

Rahul Varpe

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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