Building And Construction Sheets Market Size, Share & Trends Analysis Report By Product (Bitumen, Rubber, Metal, Polymer), By Application (Flooring, Ceiling, Windows, Doors, HVAC), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global building and construction sheets market size was estimated at USD 150.26 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. The growing construction industry across the globe coupled with rising population, rapid urbanization, and industrialization in emerging economies is expected to drive the market growth during the forecast period. Increasing construction spending by governments in various countries, especially in China and India, to meet the growing industrial and public infrastructure requirements are expected to be a major factor driving the demand for the product in building & construction applications in the forecast period. As a result, Asia Pacific is expected to remain the fastest-growing construction market.

Building & construction sheets are expected to witness high penetration in roofing applications in the U.S. due to the increasing demand for polymer and metal sheets in industrial and residential buildings applications. Also, the demand for metal sheets in HVAC applications to improve overall ventilation abilities is expected to drive the market over the forecast period.

The market is expected to witness substantial growth on account of increasing demand for atactic polypropylene owing to its enhanced properties including UV resistance, flexibility at low temperature, and flow resistance at high temperature in roofing applications over the forecast period.

Stringent regulations about the depletion and recyclability of conventional materials, such as metal and wood, are anticipated to drive bio-based polymer demand in building & construction applications. The use of the polymers in the form sheets in bridge bearings, FRP bridge sections, cladding panels, and flooring applications is driving the market growth.

Factors, such as price fluctuations and the shortage of raw materials required for the production of the product for waterproofing and roofing applications, are expected to restrain the building and construction sheets market growth. The growing use of polyurethane in rigid and flexible sheets in automobile applications limits the availability of polymer for use in building applications, which, in turn, is likely to hamper the market growth.

Product Insights

Polymer sheets are used in a wide range of applications including greenhouses, sound barriers, furniture, and window glazing in the building & construction sector. Also, the rising trend of interior decoration and architecture is predicted to fuel the demand for polymer sheets and their raw materials including polyester, PVC, polyamides, and polyurethanes.

Metal sheets accounted for 35.7% of the revenue share in 2022 on account of the availability of a wide range of metal deposits and the high durability of metal components. Metals used in building & construction products include lead, aluminum tin, zinc, copper & its alloys, iron & its alloys; however, aluminum is the widely used metal due to its lightweight and anti-corrosion properties.

A wide range of rubber sheets including natural, neoprene, EPDM, and nitrile rubber sheets are available commercially. Rubber sheets are popularly used in flooring applications; however, the product is expected to account for the smallest share over the forecast period owing to low penetration and the availability of substitutes such as bitumen sheets.

Bitumen sheets are expected to grow at a CAGR of 5.2%. The sheets protect the infrastructure and prevent water leakage. Therefore, the product is majorly used in waterproofing activities in the building & construction industry. Highly sticky and viscous bitumen sheets are used in the form of roofing felt for roof construction.

Application Insights

Factors, such as the growing building & construction industry, rising global construction spending, increasing disposable income, and changing lifestyles, are likely to boost the demand for the product in key application industries. Roofing accounted for 22.7% of the revenue share in 2022, and the demand is projected to be fueled by the surge in residential construction activities in developed nations coupled with increasing penetration of the product in the application.

Heating, Ventilation and Air Conditioning (HVAC) applications provide proper ventilation and a comfortable and climate-controlled environment. The changing environmental conditions across the globe has created the need for efficient HVAC systems in buildings. As a result, the demand for aluminum sheets is registering growth in the industry as they are lightweight and easy to install.

Doors and windows segments accounted for a revenue share of over 26.9% in 2022. Metals such as aluminum and steel are widely used in the manufacturing of windows and doors in buildings owing to the lightweight and highly durable properties exhibited by the metals. Besides, the rising use of vinyl, cellular PVC, and thermoplastic alloys sheets is also expected to drive growth.

Function Insights

Building & construction sheets offer various functions such as protection, insulation, water & soundproofing, glazing, and bonding. However, protection accounted for the largest revenue share in 2022 owing to the rising demand for the product in different applications including roofing and windows & doors.

Insulation is another crucial function of the product, and the segment is projected to demonstrate a CAGR of 6.3% over the forecast period on account of the rising regulatory standards and safety concerns associated with the electrical application in buildings. Also, thermal insulation in the roofing application offered by the product is expected to drive the segment growth.

Polycarbonate sheets are used in the building & construction sector for application in skylight lenses and safety & security glazing. Architectural glazing offers enhanced light diffusion to reduce the glare and aid in improving light distribution through the glazed surface. The growing penetration of polymer products in architectural glazing is expected to drive growth.

Sound & waterproofing is another major function of the product, which majorly employs a variety of bituminous and rubber sheets in basements, walls, balconies, decks, and roofs in the building & construction industry. Benefits offered by the product including flexibility, tear-resistant, and elasticity to protect the structure from leakage is expected to drive market growth over the forecast period.

End-use Insights

The global spending on residential buildings construction is higher in comparison to industrial and commercial spending with the growing demand for residential real estate in developing as well as developed economies. As a result, the residential construction accounted for the largest market share in 2022 and is likely to register a CAGR of 6.2% in the forecast period.

Rising demand for up-to-date heating, cooling, and ventilation systems in modern buildings is expected to fuel the market for metal sheets in residential air handling & ventilation systems. Besides, growing green building practices are fueling the demand for bio-based polymer sheets in the residential sector.

The growth of non-residential buildings sector is strongest in Asia Pacific, led by China and India. The market for the product is expected to register growth on account of rising expenditure on the building offices and commercial, industrial, and institutional structures. Also, the rise in investments in office & hotel construction are expected to trigger growth in the forecast period.

Metal and polymer sheets are majorly used for roofing, electrical, and HVAC applications in industrial buildings to provide protection and insulation to the workforce and machinery. Growing industrialization in developing economies is expected to drive the demand for the product in industrial buildings in the forecast period.

Distribution Channel Insights

Distribution via direct supply accounted for a major market share of over 77.4% for building & construction sheets on account of the presence of well-established distribution channels and logistical systems. Direct distribution channels offer cost-effective products in bulk quantities to a wide range of application industries.

The third-party distribution channel is predicted to register a CAGR of 6.3% on account of rising demand from the residential segment. Growing demand for the product in interior decoration, wall & ceiling protection, attractive roofing, and decorative flooring in small quantities is estimated to drive third-party distribution channel segment over the forecast period.

Regional Insights

North America is projected to be driven by the growing residential & commercial real estate in the U.S. owing to rising consumer confidence and low-interest rates in the industry. Besides, the construction industry is one of the primary contributors to the annual GDP of Canada and Mexico and estimated to drive the market over the forecast period.

The construction industry in Europe is expected to recover and exhibit a positive growth on account of the positive trends witnessed in Germany and the U.K. Also, the budget deficit in several western European economies is anticipated to reduce, which, in turn, is likely to positively impact the building & construction sheets market.

Asia Pacific is likely to be the fastest-growing market on the account of increase in spending on residential real estate construction in the forecast period. A rapidly growing industry in Asia is characterized by a rising population, rapid urbanization, and strong economic growth, which, in turn, is expected to trigger the market for the product at an estimated CAGR of 6.6% over the forecast period.

The development of luxury apartment buildings and hotels in Central & South America is predicted to fuel construction spending and support the product market in Brazil, Chile, Argentina, Peru, and Uruguay. Continued spending on commercial and industrial sectors and a surge in investor acquisitions in the real estate are likely to aid the demand for sheets over the forecast period.

Key Companies & Market Share Insights

The building and construction sheets market is highly competitive with large players catering to the international demand and local players to the regional demand. Also, the availability of a large number of product suppliers across the regions is likely to restrain the entry of new players in the industry.

The major players mostly offer a wide range of construction products as opposed to manufacturing only a single type of product. As a result, these companies mostly compete based on pricing and product portfolio. The companies strive to gain market share by providing specialized and installation services. Some prominent players in the global building and construction sheets market include:

• Paul Bauder GmbH & Co. KG

• GAF Materials Corporation

• Atlas Roofing Corporation

• CertainTeed Corporation

• Owens Corning Corp.

• Etex

• Fletcher Building Limited

• North American Roofing Services, Inc.

• Icopal ApS

• EURAMAX 

Building And Construction Sheets Market Report Scope

Global Building And Construction Sheets Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global building and construction sheets market report based on product, application, function, end-use, distribution channel, and region:

• Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)

  • Bitumen

  • Rubber

  • Metal

  • Polymer

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)

  • Flooring

  • Walls & Ceiling

  • Windows

  • Doors

  • Roofing

  • Building Envelop

  • Electrical

  • HVAC

  • Plumbing

• Function Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)

  • Bonding

  • Protection

  • Insulation

  • Glazing

  • Water Proofing

• End-use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)

  • Residential

  • Commercial

  • Industrial

• Distribution Channel Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)

  • Direct

  • Third-party

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
  

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa