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Europe Building Materials Market is anticipated to witness progressive acceleration from green construction over 2019 – 2024

Author : Rahul Varpe | Published Date : 2019-05-31 

The thriving tourism industry in Europe is factor which contributes remarkably to the growth of the Europe building materials market. Estimates show that millions of tourists frequent the continent on a regular basis, making it inevitable to develop hotels, resorts and other commercial buildings that can accommodate the increasing influx of tourists. While southern and Mediterranean regions of Europe rank highly in terms of international arrivals, visitors to central and Eastern European nations are also projected to increase in the upcoming years which will add to the need of increasing tourist accommodations in these countries.

France and Spain are the two top tourist destinations in Europe among the many that exist, which has prompted the governments in these countries to undertake tourist friendly policies and develop sustainable means for remaining competitive in the tourism industry. Such developments are ultimately positive growth indicators for the Europe building materials market as nearly 1,449 projects are in the construction pipeline as of 2018.

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Considering that the buildings sector consumes a large portion of the resources, accounting for approximately half of all extracted materials, one third of water consumption, half of total energy consumption and one third of waste generation, green building materials in Europe is increasing in demand to adhere to the emission and wastage arrest goals in the continent. The green construction trend would thus add a highly progressive acceleration to the Europe building materials market.

The Europe building materials market is expected to emerge as one of the most remunerative verticals of the global construction space, given that the construction industry in the region is fast recovering from the financial crisis. It is also vital to note that the regional construction industry is slowly shifting from a traditional model to one that more suitable for the millennial generation, with consumers opting for   With strong growth projections being made for the overall European construction industry, it is rather predictable that the market will depict a massive upsurge in the years ahead. Indeed, estimates claim that Europe building materials industry size is expected to surpass $125 billion by 2024.

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Renovations and remodeling besides the construction of new buildings is expanding rapidly across Europe and regulations are making sure that these new buildings and even older ones are made more energy efficient whether through the use of more sustainable building materials or through the use of updated technologies. As Europe witnesses the rise of newer trends in tourism and construction, the growth graph of the Europe building materials market is anticipated to take on an inclined slope in the years ahead.

UK is one of the countries that adds most value to the Europe construction industry. Together with Germany and France, UK contributed to approximately 50% of the total valuation of the construction industry in the continent in 2016. In 2017, UK generated over $8 billion revenue with the UK Office of National Statistics having reported that the construction index in the country had been the highest in the past 15 years in 2017. Also, with major upcoming infrastructure projects such as Brent Cross Shopping Center, Aykon London One, Angel Meadows and other, it is projected that the Europe building materials market will accrue significant profits solely on account of UK’s contribution toward the regional business.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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