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World construction and ceramic tile set to see strong growth through to 2025

World construction and ceramic tile set up to

World construction and ceramic tile set to see strong growth through to 2025
According to Cresme, in 2021 the global construction market will reach the record level of 8,807 billion Euro (6/4% on 2020) and will continue to grow at a yearly rate of around 3% through to 2025.

The world construction and ceramic tile market has been seeing a strong recovery in 2021, with growth reaching the record level of 8,807 billion Euro (6/4% on 2020), higher even than pre-pandemic figures. According to Cresme Ricerche, which presented its latest forecasts during the ACIMAC members’ meeting on 10 September, the growth trend is expected to continue strongly in 2022 (+3.5%) and then drop back to levels more in line with those of the last decade, fluctuating at around +3%.

“All the indicators are pointing to an expansion phase for the construction industry, which is the main driver of the current and future economic recovery,” said Antonio Mura, technical director of Cresme Ricerche and head of Simco, the information platform that monitors the scenarios in 150 countries (99% of the world’s GDP) on a quarterly basis and cross-references 160 different statistical sources to make five-year projections.

According to the survey, the monetary and fiscal stimuli introduced by national and international institutions and the huge amounts of savings accumulated by households during the lockdown year have already boosted the growth rates of construction investments, which are well above GDP trends in almost all world markets with the sole exceptions of Japan, Germany and the USA.

Taking a more detailed look at the figures for the global construction industry, Cresme notes that in 2021 the residential sector accounts for 3,209 billion Euro, that is 36.4% of the total 8,807 billion Euro , and is expected to grow by 200billion EURO by 2025. At a global level, non-residential construction accounts for 31% of the total (2,651 billion Euro) and public works the remaining 2,947 billion 8,807 billion Euro (33%),

Trends in different areas and countries

In terms of macro-areas, Oceania is the region with the strongest projected recovery in construction output in 2021 (+7.6%, after -3.6% in 2020). This is followed by Asia, where Cresme forecasts an increase in investment of +7.4% (after -3.2% in 2020, with China and India as the key drivers), North America(+6.3%), South America and Africa with +5.7%. In Latin America, however, the growth rate is insufficient to make up the ground lost in the previous year, when construction fell by 13.5%. Trailing in last place is Europe with +4.1%, compensating for the 4.8% losses of 2020.

Extending the analysis to individual countries, China is leading the rankings. According to Cresme, the Chinese construction and ceramic tile market is estimated at 730 billion Euro in 2021 (30% of the global market) and is expected to grow at an annual rate of 3.1% through to 2025

Next come the US market (1,241.1 billion Euro; 14.1% of the total), which will grow by 1.5% per year, Japan and Germany, which account for 5.4% and 4.4% of total world construction respectively. Among the major world markets, Japan is the only case expected to see a 2.1% annual decline through to 2025, while Germany should remain stable at an average annual growth rate of 0.2%.

The Cresme forecasts for Italy, which ranks tenth in terms of construction market size (186.2 billion Euro and 2.1% of the world total), are for an average annual growth of 3.6%.

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Read the article “Global Ceramic Tiles Market“, for more information

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Sustainability and building renovation

In this context, a macro-trend that is closely linked to the real estate sector, is sustainability, which in turn will drive demand for new, renewable, durable and insulating materials and above all will push western markets towards renovation of existing properties and away from investments in new buildings.

 Italy stands out for its record level of investments in renovation projects (driven by government incentives, especially the 110% Superbonus scheme), which are expected to account for 77% of all building investments this year compared to an average of around 50% in Europe as a whole and less than 9% in China.

CP has started to export ceramic tiles and building materials many countries across. As we started our job, many customers from all over the world became our collaborator such as Iraq, Georgia, UAE, Armenia, Qatar, Oman, Bahrain, Belgium and Russia. It would be our honor that many more countries join us as a means to expand the business and get our customers satisfaction by the means of our services, pre and after order.


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