Europe building materials market is set to record 5.5% CAGR during forecast time

(MENAFN- America News Hour) The size of Europe Building Materials Market was registered at USD 85 billion in the year 2017 and is anticipated to cross USD 125 billion by 2024. Between the period 2018 -2024, the Europe Building Materials Market is expected to register a CAGR of 5.5%.

This detailed research report was recently added by GMI, and is analysed by means of Evolving Technology, Business Competitors, Industry Strategies, Key Companies, Growth rate, and Forecast until 2024. The report includes enough details that highlight the importance of the most significant sectors of market.

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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.

Report Growth Drivers:

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.

UK building materials market generated sales more than USD 8.5 billion in 2017. Growing renovation activities and new residential construction owing to the rising population and increasing count of migrants are propelling the building materials market growth. Comparatively lower interest rates coupled with improved income are among the key factors that have elevated the building components demand. In addition, European Structural and Investment (ESI) funds financial support through renovation loans and grants will provide positive business outlook.

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Europe Building Materials Market Segmentation:

Know about Market growth in New Research and its Top growing factors by Key Companies like

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, Sodra Group, Panel manufacturers (plywood, MDF, Particleboard and OSB), Metsa Wood, AS Latvijas Finieris, SVEZA, Grupo Garnica Plywood, S.A., Glennon Brothers, Flooring manufacturers (MDF, HDF, plywood, other engineered based and solid), Svenska Cellulosa Aktiebolaget SCA, Danzer, Holz Braun, FRITZ EGGER GmbH & Co. OG, MEDITE SMARTPLY, Wooden Door Manufacturers, Viking Window AS, Baumeister EUROTECH, JOSKO Windows and doors GmbH, Pandoor Interior Doors Industries Ltd., HAUFEN, XL Joinery Limited, Wooden Interior Joinery, Intermolduras S.L., Zebrano Woodworks LLC, Interior-id, Raumplus, Rauch Group, S & T Interiors and Contracting, WEWOOD, Pronto Joinery Ltd., Helios, Poggenpohl Mobelwerke GmbH, pronorm Einbaukuchen GmbH, Nobia AB (HTH Kitchens), Nobia AB (Marbodal), Sigdal, EWE, Magnet, Nobilia, Alno, Wellmann Kitchens, Pino Kitchens GmbH & Co.KG, Impuls Kitchen GmbH, SCHMIDT Groupe, Hacker, Mobalpa, Schuller S.L., Bauformat Group, Snaidero Group, Accessories, Kohler Co., ROCA, Hansa Armaturen GmbH, Ideal Standard International, Duravit AG, Grohe, Villeroy & Boch, Steinberg GmbH, Aloys F. Dornbracht GmbH & Co. KG, Kludi GmbH & Co. KG

Comprehensive Review of Market Growth, Applications, and Future Prospects

 Europe Building Materials Market Report Includes

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Key Reasons to Purchase the Europe Building Materials Market Report

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