A towering $1.5 trillion global market, the building products industry is not just growing—it's fundamentally reshaping the world around us, driven by remarkable regional expansions and a powerful surge in sustainable innovation.
Key Takeaways
- The global building products market was valued at USD 1,456.2 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030
- U.S. building products manufacturing revenue reached $145.6 billion in 2022, up 4.8% from the previous year
- The Asia-Pacific region accounted for 42.3% of the global building products market share in 2023
- U.S. lumber production reached 35.6 billion board feet in 2023, up 2.1% from 2022
- Global cement production totaled 4.2 billion metric tons in 2023, China accounting for 55%
- EU-27 steel production for building products was 120 million tons in 2023, down 1.2%
- U.S. companies generated $250.4 billion in building products revenue in 2023, average profit margin 7.2%
- Masco Corporation reported $8.1 billion net sales in 2023, plumbing products 55% of revenue
- Saint-Gobain Group building products division €28.5 billion sales 2023, growth 4.1%
- U.S. building products industry employed 1.2 million workers in 2023, average wage $65,000 annually
- EU building products sector had 1.65 million direct jobs in 2023, 40% manufacturing
- U.S. lumber and wood products employed 450,000 in 2023, turnover rate 18%
- Building products recycling employed 300,000 globally 2023
- U.S. building products industry recycled 92 million tons of materials in 2023, 76% rate
- Global cement production CO2 emissions 2.3 billion tons in 2023, 8% of total
The global building products market is large and growing steadily, led by strong demand in residential construction.
Employment and Labor
- U.S. building products industry employed 1.2 million workers in 2023, average wage $65,000 annually
- EU building products sector had 1.65 million direct jobs in 2023, 40% manufacturing
- U.S. lumber and wood products employed 450,000 in 2023, turnover rate 18%
- Global cement industry workforce 4.5 million in 2023, India 1 million
- Owens Corning employed 20,000 globally in 2023, 60% in manufacturing
- CRH plc 78,000 employees in building products division 2023
- U.S. construction materials mining employed 85,000 in 2023
- Saint-Gobain 168,000 workers worldwide 2023, building materials 70%
- Canadian building products manufacturing 120,000 jobs 2023
- India construction materials sector 50 million informal workers 2023, formal 2.5 million
- U.K. building products manufacturing 250,000 employed 2023, apprentices 15,000
- Germany construction chemicals 110,000 jobs 2023
- Brazil cement industry 120,000 direct jobs 2023
- Australia building products sector 85,000 employed 2023
- China building materials 25 million workers 2023
- France glass and ceramics 120,000 jobs 2023
- Mexico construction products manufacturing 450,000 employed 2023
- Japan building materials industry 1.2 million jobs 2023, aging workforce 35% over 55
- Italy tile and stone 75,000 direct employees 2023
- U.S. women in building products manufacturing 25% of workforce 2023, up from 20% in 2018
- South Korea construction materials 180,000 jobs 2023
- Spain ceramic products 60,000 employed 2023
- Turkey building products exports supported 500,000 jobs 2023
- Global steel building products labor force 2.8 million 2023
- U.S. building products R&D staff 45,000 in 2023
- Roofing contractors in U.S. employed 120,000 2023
Employment and Labor Interpretation
The statistics reveal an industry as massive and varied as the materials it produces, where a single American roofer, a million Indian informal workers, and a quarter-million British apprentices are all crucial cogs in a global machine that employs tens of millions yet still grapples with aging workforces and stubborn gender gaps.
Market Size and Growth
- The global building products market was valued at USD 1,456.2 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030
- U.S. building products manufacturing revenue reached $145.6 billion in 2022, up 4.8% from the previous year
- The Asia-Pacific region accounted for 42.3% of the global building products market share in 2023
- European building products industry grew by 3.1% in 2023, driven by residential construction recovery post-COVID
- North American building products market is expected to reach $450 billion by 2028 at a CAGR of 4.5%
- Global prefabricated building products segment grew 6.8% YoY in 2023 to $210 billion
- Indian building products market expanded to INR 4.5 lakh crore in FY2023 with 12% growth
- Middle East building products market valued at $120 billion in 2023, projected CAGR 5.9% to 2030
- Latin America building products sector reached $85.4 billion in 2022, growing 3.7%
- Australian building products industry revenue hit AUD 45.2 billion in 2023, up 2.9%
- China dominated global building products with 35% market share and $510 billion revenue in 2023
- U.K. building products market grew 4.2% to £28.5 billion in 2023 amid housing boom
- Global smart building products market size was $85.2 billion in 2023, CAGR 18.4% forecast
- Canadian building products manufacturing output value $35.6 billion CAD in 2022
- South Korean building products market reached KRW 120 trillion in 2023, growth 5.1%
- Brazil building products industry valued at BRL 250 billion in 2023, CAGR 4.8% projected
- German building products turnover €65.4 billion in 2023, up 2.3%
- Global roofing products market $112.5 billion in 2023, expected to grow at 4.9% CAGR
- U.S. residential building products demand increased 6.2% to $92 billion in 2023
- Worldwide insulation products market hit $68.3 billion in 2023, CAGR 5.5% to 2030
- French building products market revenue €42.1 billion in 2023, growth 3.4%
- Japan building products sector $290 billion in 2023, stable growth 1.8%
- Mexico building products market $45.6 billion USD in 2023, CAGR 6.1%
- Global drywall products market $55.4 billion 2023, projected 4.2% CAGR
- Italy building products production value €32.7 billion in 2023, up 2.9%
- Southeast Asia building products market $210 billion in 2023, growth 7.2%
- Global windows and doors market $220.4 billion 2023, CAGR 5.8%
- Spain building products industry €18.5 billion revenue 2023, +3.6%
- Turkey building products exports $15.2 billion in 2023, market growth 8.1%
- Africa building products market $95 billion 2023, projected CAGR 6.4%
Market Size and Growth Interpretation
With a foundation of nearly one and a half trillion dollars and growth sprouting everywhere from American drywall to Saudi skyscrapers, the global building products industry is proving, brick by smart brick, that the world is in a perpetual state of ambitious remodeling.
Production and Output
- U.S. lumber production reached 35.6 billion board feet in 2023, up 2.1% from 2022
- Global cement production totaled 4.2 billion metric tons in 2023, China accounting for 55%
- EU-27 steel production for building products was 120 million tons in 2023, down 1.2%
- Owens Corning fiberglass insulation production capacity 12.5 billion sq ft annually in 2023
- U.S. gypsum board production hit 25 million tons in 2023, utilization rate 82%
- Global PVC pipes production for construction 18.5 million tons in 2023, Asia 60% share
- Canadian softwood lumber output 28.4 billion board feet in 2023
- India cement production 380 million tons in FY2023, capacity utilization 75%
- European windows production 85 million units in 2023, aluminum frames 35%
- U.S. asphalt shingles production 14.2 billion sq ft in 2023
- China ceramic tiles production 9.8 billion sqm in 2023, export 1.2 billion sqm
- Brazil steel slab production for rebar 35 million tons 2023
- Global ready-mix concrete output 5.6 billion cubic meters 2023
- German paint and coatings production 2.8 million tons 2023, 40% architectural
- U.K. brick production 2.1 billion units in 2023, clay bricks 85%
- Mexico drywall panel production 12.5 million tons 2023
- Australia cement production 9.5 million tons 2023, imports 4.2 million
- Japan roofing materials output 120 million sqm 2023
- South Africa precast concrete elements production value ZAR 25 billion 2023
- France glass production for building 4.2 million tons 2023, flat glass 70%
- Global aluminum extrusions for construction 8.5 million tons 2023
- Italy marble and stone products 45 million tons quarried 2023
- U.S. engineered wood products output 15.2 billion sq ft 2023
- Russia cement production 58 million tons 2023, down 5%
- Spain ceramic sanitaryware production 25 million pieces 2023
- Turkey rebar production 14.5 million tons 2023
- Vietnam plywood production 12 million cubic meters 2023
Production and Output Interpretation
The global construction appetite is truly staggering, with China cementing its dominance, America steadily framing its growth, and Europe showing a few cracks in its steel, while a planet's worth of materials—from Brazilian rebar to Italian marble—continues to pile up into our collective, and heavily insulated, habitat.
Sales and Revenue
- U.S. companies generated $250.4 billion in building products revenue in 2023, average profit margin 7.2%
- Masco Corporation reported $8.1 billion net sales in 2023, plumbing products 55% of revenue
- Saint-Gobain Group building products division €28.5 billion sales 2023, growth 4.1%
- CRH plc Americas materials sales $25.6 billion 2023, building products $12.4 billion
- Owens Corning net sales $9.7 billion 2023, insulation segment $3.8 billion
- Vulcan Materials Company aggregates sales $7.8 billion 2023, 85% construction-related
- Martin Marietta sales $6.78 billion 2023, building materials 92%
- Eagle Materials Inc. revenue $2.1 billion 2023, cement 40% contribution
- U.S. building products wholesalers sales $420 billion 2023, up 5.3%
- Weyerhaeuser lumber sales $7.5 billion 2023, wood products margin 12%
- Louisiana-Pacific Corporation oriented strand board sales $2.9 billion 2023
- Global building products e-commerce sales reached $45 billion in 2023, CAGR 15%
- Sherwin-Williams architectural paints sales $8.9 billion 2023
- Carrier Global HVAC products revenue $22.1 billion 2023, residential 42%
- James Hardie Industries fiber cement sales $3.4 billion 2023, North America 60%
- U.K. builders merchants sales £38 billion 2023, heavy products 35%
- Continental Building Products gypsum sales $1.2 billion 2023 pre-acquisition
- Global roofing contractors revenue $280 billion 2023
- Trex Company composite decking sales $1.1 billion 2023, growth 18%
- U.S. plumbing fixtures sales $42 billion 2023, faucets 25%
- Boral Ltd building products sales AUD 5.2 billion 2023
- Cementir Holding cement sales €1.4 billion 2023, ready-mix €0.8 billion
- Global tile retail sales $120 billion 2023, ceramic 70%
- Simpson Manufacturing connectors sales $2.1 billion 2023
- U.S. door manufacturers revenue $18.5 billion 2023, wood doors 40%
- Heidelberg Materials sales €21.2 billion 2023, cement 45%
- Building products export sales from China $180 billion 2023
Sales and Revenue Interpretation
Despite generating a colossal $250 billion in U.S. revenue, the building products industry's 7.2% average profit margin suggests we're collectively hammering away for pennies while everyone else, from the lumber yard to the e-commerce platform, is busy building their own empires.
Sustainability and Environment
- Building products recycling employed 300,000 globally 2023
- U.S. building products industry recycled 92 million tons of materials in 2023, 76% rate
- Global cement production CO2 emissions 2.3 billion tons in 2023, 8% of total
- EU building products energy consumption 15% of industrial total in 2023, down 12% since 2015
- Owens Corning achieved 25% reduction in Scope 1&2 GHG emissions vs 2010 baseline in 2023
- 68% of U.S. gypsum waste recycled in building products 2023
- Global steel industry recycled 850 million tons scrap in 2023, 32% of production
- Saint-Gobain 100% renewable electricity in European plants by 2023
- U.S. lumber industry sustainable forestry certified 89% of production 2023 SFI/FSC
- China cement clinker substitution rate reached 8.5% in 2023 with alternatives
- EU windows energy-efficient glazing 75% market share 2023
- Global insulation market low-carbon products 45% share 2023
- U.K. building products zero-waste-to-landfill facilities 65% of large firms 2023
- Vulcan Materials water recycling rate 82% in operations 2023
- Global PVC building products recycled 4.2 million tons 2023
- CRH reduced absolute water use 20% since 2015 baseline in 2023
- U.S. asphalt shingles recycled 12 million tons 2023, 11% of generated
- James Hardie fiber cement zero landfill waste in 90% factories 2023
- Global concrete recycling rate 55% in urban areas 2023
- German building products renewable energy use 42% in 2023
- Trex composite decking 95% recycled content 2023
- India building products green certifications 15% increase to 2,500 projects 2023
- U.S. LEED-certified building products usage up 28% in new construction 2023
- Global low-VOC paints market penetration 62% in premium segment 2023
- Martin Marietta biodiversity net gain in 85% quarries 2023
- France glass industry 80% cullet recycling rate 2023
- Australia building products embodied carbon reduced 15% avg 2023
- Global net-zero building products pledges by 50 top firms by 2050, 35% on track 2023
Sustainability and Environment Interpretation
The building products industry, for all its concrete-heavy sins, is clumsily attempting to reform by burying mountains of its own waste, brewing its cement with less carbon, and increasingly powering its factories with sunshine, all while quietly nudging the entire built environment towards a less thirsty and more circular future.
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