By 2027, Europe Building Materials Market To Hit USD 60 Bn Via Furniture Segment
Europe building materials market from the furniture segment is poised to register remuneration worth $60 billion by 2027. There has been a considerable increase in the demand for wooden furniture over time, due to the changing consumer preference for advanced and modern architectural designs.
Outdoor wooden furniture has showcased strong potential in resorts, hotels, and tourist locations. Moreover, roof-top farming and balcony gardening has gained popularity, driving the demand for logs, timber, boards, and various other types of materials that offer superior mechanical strength. Materials like particleboard, plywood, and oriented strand board are also being used to offer support to the roofing structures.
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Gypsum has witnessed extensive application in the construction of buildings, especially ceilings and walls. It can also be used to produce Plaster of Paris, retarder in Portland cement, and wallboard. Many building structures have been using gypsum, especially in commercial spaces to address noise disturbances. Favorable benefits, including providing a smooth surface, eco-friendliness, high acoustic, thermal insulation, and functional and aesthetic features along with convenient installation are expected to drive Europe building materials market growth from the gypsum segment at a 6.5% CAGR through 2027.
The Europe Building Materials Market is poised to grow at more than 3.8% CAGR through 2027. High disposable income and investments towards the construction of new residential and commercial projects will be some of leading factors behind Europe building materials industry growth. Growing awareness pertaining to carbon-emission levels have supported the demand for sustainable and durable construction materials.
The fragmented industry includes some of the leading players that are constantly working to develop new products to meet the dynamic needs of consumers in Europe. Partnerships and mergers are a few of the many measures taken by the companies to expand their presence worldwide.
In August 2021, Murdock Builders Merchants announced the acquisition of the Brooks Groups from Newport-based Premier Forest Products Group, to help the company expand its operations across the Republic of Ireland. The purchased outfit consists of Brooks Builders Merchants and Dublin Plywood and Veneer.
Evidently, Europe is a developed market that boasts of a strong presence of regional market players. The UK, France, and Germany are focusing on developing and repairing existing buildings owing to rapid growth in population, which could stimulate market trends over the forecast spell.
Efforts taken by governments across the region to enhance the construction sector, with an aim to offer reliable, and affordable housing to all in the region will drive the adoption of high-quality building materials in Europe.
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Some Point from Table of Contents:
Data Table
TABLE 1. Europe building materials industry 3600 synopsis, 2017 – 2027
TABLE 2. Europe building materials market volume and revenue, 2017 – 2027, (Thousand Cubic Meters) (USD Million)
TABLE 3. Europe building materials industry volume and revenue, 2017 – 2027, (Thousand Cubic Meters) (USD Million)
TABLE 4. Europe building materials industry volume by material, 2017 – 2027 (Thousand Cubic Meters)
TABLE 5. Europe building materials industry volume by material, 2017 – 2027 (Thousand Cubic Meters)
TABLE 6. Europe building materials market revenue by material, 2017 – 2027 (USD Million)
TABLE 7. Europe building materials industry revenue by material, 2017 – 2027 (USD Million)
TABLE 8. Europe building materials industry estimates & forecast by application for lumber and wood panel products, 2017 – 2027 (Thousand Cubic Meters)
TABLE 9. Europe building materials market estimates & forecast by application for lumber and wood panel products, 2017 – 2027 (Thousand Cubic Meters)
TABLE 10. Europe building materials market estimates & forecast by application for lumber and wood panel products, 2017 – 2027, (USD Million)
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