SANTA CLARA, Calif., Feb. 23, 2021
Sustainability, modular construction methods and machines are expected to usher in a new era of construction automation
SANTA CLARA, Calif., Feb. 23, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis, Key Architectural Trends Determining Construction Materials Usage, Outlook 2021, identifies eight predictions for the global construction materials market. The ongoing COVID-19 pandemic, renewed focus on environment-friendly and circular solutions and geopolitical issues are expected to affect the global construction industry for the next 10-15 years. However, the geopolitical chaos has led to disruptions in local and global preferences for construction materials.
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"Over the next decade, the global construction industry is expected to shift toward sustainable construction practices that do not compromise quality, durability, and cost," said Prathmesh Limaye, Senior Research Analyst, Chemicals, Materials and Nutrition at Frost & Sullivan. "This will drive the development of sustainable materials, such as timber and wood, and is also promoting greater use of recycled materials."
Limaye added: "Innovation is also happening with developers focusing on the unique utilization of bio-based materials such as cork and bamboo for structural and insulation applications in buildings, a trend which is likely to continue."
The eight key predictions shaping the global construction materials are:
Key Architectural Trends Determining Construction Materials Usage, Outlook 2021 is part of Frost & Sullivan's global Chemicals, Materials and Nutrition Growth Partnership Service program.
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Key Architectural Trends Determining Construction Materials Usage, Outlook 2021
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SOURCE Frost & Sullivan