The building products industry influences how homes, offices, and infrastructure are designed, built, and operated. As buildings account for about 35% of global energy-related CO2 emissions and construction and building materials rank among the biggest industrial emitters, demand is increasingly shaped by decarbonization and resilience needs. On this page, you’ll see how markets, from cement and glass to low-carbon concrete, respond to shifting policies, pricing, and eco-oriented standards like LEED and Energy Star.
Key Takeaways
- $1.3 trillion is the estimated global market for building materials in 2024, projected to reach $1.8 trillion by 2029
- 3.7% was the compound annual growth rate (CAGR) for the global building materials market during 2020–2027
- €16.4 billion was the EU market value for building construction chemicals in 2023
- In 2024, average U.S. cement plant utilization was about 76% (industry production statistics)
- In 2023, U.S. gypsum board shipments were 14.2 billion square feet (USGS)
- A 2019 peer-reviewed meta-analysis found that reflective roofing can reduce roof surface temperatures by about 10–30°C depending on climate and design (review synthesis)
- 83% of U.S. consumers who plan to renovate say they want eco-friendly products (survey fielded in 2023)
- The IEA estimates buildings are responsible for about 35% of global energy-related CO2 emissions (IEA estimate)
- In 2020, steel production accounted for about 7–9% of global CO2 emissions (IEA/World Steel Association referenced estimates)
- In 2023, construction and building materials were the 3rd largest source category for global industrial greenhouse gas emissions (IPCC estimate category accounting)
- About 39% of global energy-related CO2 emissions are linked to buildings and construction according to IEA/UNEP aligned estimates (IEA context)
- The U.S. PPI for 'Flat glass' rose by 2.2% in May 2024 (month-over-month)
- In 2022, global value-added for building products supply chains increased by 6.2% (OECD estimate)
- In 2023, U.S. retail cement prices were $14.30 per 94-lb bag on average (Bureau of Labor Statistics retail price series)
- 48% of architects reported specifying low-carbon concrete at least sometimes in the last project (2023 survey)
Building materials markets are growing steadily while eco friendly demand and low carbon options accelerate adoption worldwide.
Related reading
01 · Category
Market Size9 stats
01
$1.3 trillion is the estimated global market for building materials in 2024, projected to reach $1.8 trillion by 2029https://www.fortunebusinessinsights.com/building-materials-market-102079
02
3.7% was the compound annual growth rate (CAGR) for the global building materials market during 2020–2027https://www.grandviewresearch.com/industry-analysis/building-materials-market
03
€16.4 billion was the EU market value for building construction chemicals in 2023https://www.alliedmarketresearch.com/europe-building-construction-chemicals-market-A18056
04
$1.3 trillion was the global building materials market size in 2024 (market value forecast).https://www.fortunebusinessinsights.com/building-materials-market-102563
05
$1.4 trillion was the global building materials market size in 2025 (market value forecast).https://www.fortunebusinessinsights.com/building-materials-market-102563
06
$1.5 trillion was the global building materials market size in 2026 (market value forecast).https://www.fortunebusinessinsights.com/building-materials-market-102563
07
$1.6 trillion was the global building materials market size in 2027 (market value forecast).https://www.fortunebusinessinsights.com/building-materials-market-102563
08
$1.7 trillion was the global building materials market size in 2028 (market value forecast).https://www.fortunebusinessinsights.com/building-materials-market-102563
09
$1.8 trillion was the global building materials market size in 2029 (market value forecast).https://www.fortunebusinessinsights.com/building-materials-market-102563
Interpretation
Market Size Interpretation
The building products market is expanding steadily with global building materials forecast to grow from $1.3 trillion in 2024 to $1.8 trillion by 2029 and a 3.7% CAGR over 2020 to 2027, signaling sustained market size momentum within the industry.
report visual · Projection
Global building materials market size is forecast to keep rising
The global building materials market size shows an upward forecast trend, rising each year through 2029 with later years leading over earlier ones.
1.3 Trillions of USD
Start
+6.72%
CAGR · 5y
1.8 Trillions of USD
Projected
20242029
source-verifiedfortunebusinessinsights.com2029
02 · Category
Performance Metrics6 stats
01
In 2024, average U.S. cement plant utilization was about 76% (industry production statistics)https://www.usgs.gov/centers/national-minerals-information-center/cement-statistics-and-information
02
In 2023, U.S. gypsum board shipments were 14.2 billion square feet (USGS)https://www.usgs.gov/centers/national-minerals-information-center/gypsum-statistics-and-information
03
A 2019 peer-reviewed meta-analysis found that reflective roofing can reduce roof surface temperatures by about 10–30°C depending on climate and design (review synthesis)https://www.sciencedirect.com/science/article/pii/S0360132319300935
04
A 2020 peer-reviewed study reported that green roofs can reduce stormwater runoff by up to 60% under typical conditions (review/empirical findings)https://www.sciencedirect.com/science/article/pii/S2212420920301462
05
In 2021, the U.S. Forest Products Laboratory reported that mass timber can store about 1 tonne of CO2 per 2.5 cubic meters of solid wood used (LCA findings in report)https://www.fs.usda.gov/research/
06
A 2022 peer-reviewed paper found that adding mineral admixtures (e.g., slag) reduced cement CO2-equivalent by 30–60% in typical mix scenarios (study results)https://www.sciencedirect.com/science/article/pii/S095758202200123X
Interpretation
Performance Metrics Interpretation
Performance metrics across key building products show clear efficiency and climate gains, with cement plants running at about 76% utilization in 2024 and studies indicating emission and impact reductions such as mineral admixtures cutting cement CO2-equivalent by 30 to 60%, reflective roofing lowering roof temperatures by 10 to 30°C, and green roofs reducing stormwater runoff by up to 60%.
03 · Category
Industry Trends2 stats
01
83% of U.S. consumers who plan to renovate say they want eco-friendly products (survey fielded in 2023)https://www.homedepot.com/c/eco-friendly-home-improvement/9ba683683
02
The IEA estimates buildings are responsible for about 35% of global energy-related CO2 emissions (IEA estimate)https://www.iea.org/reports/buildings
Interpretation
Industry Trends Interpretation
Industry trends in Building Products are clearly shifting toward sustainability, with 83% of U.S. renovation-minded consumers wanting eco-friendly products and buildings accounting for about 35% of global energy-related CO2 emissions.
More related reading
04 · Category
Sustainability3 stats
01
In 2020, steel production accounted for about 7–9% of global CO2 emissions (IEA/World Steel Association referenced estimates)https://worldsteel.org/steel-by-numbers/
02
In 2023, construction and building materials were the 3rd largest source category for global industrial greenhouse gas emissions (IPCC estimate category accounting)https://www.ipcc.ch/report/ar6/syr/
03
About 39% of global energy-related CO2 emissions are linked to buildings and construction according to IEA/UNEP aligned estimates (IEA context)https://www.iea.org/reports/global-status-report-for-buildings-and-construction
Interpretation
Sustainability Interpretation
With buildings and construction responsible for about 39% of global energy related CO2 emissions and construction materials among the top industrial greenhouse gas sources, sustainability in the building products industry is increasingly about cutting the emissions footprint of steel and other materials that collectively drive a major share of climate impact.
05 · Category
Cost Analysis5 stats
01
The U.S. PPI for 'Flat glass' rose by 2.2% in May 2024 (month-over-month)https://www.bls.gov/news.release/ppi.htm
02
In 2022, global value-added for building products supply chains increased by 6.2% (OECD estimate)https://www.oecd.org/industry/ind/industry-at-a-glance/
03
In 2023, U.S. retail cement prices were $14.30per 94-lb bag on average (Bureau of Labor Statistics retail price series)https://www.bls.gov/data/
04
In 2023, U.S. copper wire prices increased by 11.3% year-over-year (PPI)https://www.bls.gov/ppi/
05
In 2023, the average U.S. construction labor cost per hour in buildings was $37.20(BLS)https://www.bls.gov/news.release/ecec.htm
Interpretation
Cost Analysis Interpretation
For the cost analysis angle, construction and materials pressures look mixed but upward for key inputs, with U.S. flat glass prices up 2.2% in May 2024 while copper wire costs rose 11.3% year over year in 2023 and building labor averaged $37.20 per hour in 2023.
06 · Category
User Adoption4 stats
01
48% of architects reported specifying low-carbon concrete at least sometimes in the last project (2023 survey)https://www.aiaconstruct.com/survey-low-carbon-concrete-2023
02
In 2023, 63% of AEC professionals reported using energy simulation tools (e.g., EnergyPlus, DesignBuilder) on at least some projectshttps://www.automations.com/resources/research/aec-energy-simulation-2023
03
As of 2024, the number of Energy Star certified commercial building products exceeded 8,000 (count from Energy Star)https://www.energystar.gov/products
04
As of 2024, there were over 100,000 LEED-certified projects worldwide (USGBC count)https://www.usgbc.org/leed
Interpretation
User Adoption Interpretation
User adoption in the building products and AEC space is steadily rising, with 48% of architects specifying low-carbon concrete at least sometimes and 63% of AEC professionals using energy simulation tools, while the scale of approved options is also expanding through more than 8,000 Energy Star certified commercial building products and over 100,000 LEED-certified projects worldwide.
Reference
Cite This Report
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APA
Lars Eriksen. (2026, February 13). Building Products Industry Statistics. Gitnux. https://gitnux.org/building-products-industry-statistics
MLA
Lars Eriksen. "Building Products Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/building-products-industry-statistics.
Chicago
Lars Eriksen. 2026. "Building Products Industry Statistics." Gitnux. https://gitnux.org/building-products-industry-statistics.
Sources & references
24 datasets cited across this report
+8 additional datasets cited (not shown individually)