Chinese state banks have launched a concerted effort to strengthen the struggling construction market

The Chinese property sector has been plagued by construction delays after liquidity issues emerged at Evergrande, one of the largest and most indebted real estate firms in the country. The subsequent imposition of tighter controls by the Chinese government sparked a property crisis, and ever since, the construction industry has been facing severe headwinds.

Prefabricated housing units seem a perfect fit for solving a myriad of problems, including housing shortages, systemic waste, labor issues, and project delays. According to ConsTrack360 estimates, prefabricated housing units represent less than 10% of all the single-family homes built in the United States in 2022.

Over the last three to four years, the demand for data centers has been increasing rapidly worldwide.

Like many across the world, Hong Kong is also faced with a severe housing shortage. Furthermore, being one of the most expensive real estate markets means that it is even more difficult for the poor to access housing in the country.

The construction chemical market in India is expected to grow significantly over the next five years.

The market for construction chemicals products is expected to grow significantly over the next five years.

These initiatives from the government are expected to aid the growth of other construction-related sectors, such as cement, in 2023.

India is one of the fastest-growing markets and the trend is projected to continue over the next five years.

These initiatives from the government are expected to aid the growth of other construction-related sectors, such as cement, in 2023.

Leading tech firms have announced a series of layoffs over the last few months as they adjust to persistent economic volatility.

Government organizations, worldwide, are facing a significant challenge in climate change. Many have announced net-zero goals and to achieve them decarbonization of the cement industry will play a critical role.

Construction robots are gaining more popularity nowadays owing to their advantages such as high efficiency, reducing time, and minimizing worker shortage.

With the rise in smart city projects around the globe, high-tech intensive urban developments have become a priority globally.

The global construction industry is largely responsible for carbon emissions and waste generation. New eco-friendly modern building techniques such as modular construction evolve to reduce the industry's carbon footprint.  

Construction is one of the key industries in the world that largely contributes to the global economy.

Furthermore, as consumers moved back to in-store shopping, online shopping took a further hit in 2022. As a result of these, coupled with the decline in revenue growth for e-commerce players, warehouse construction spending was also reduced significantly.

The cement industry is one of the biggest contributors to carbon emissions. With the projected growth in population, the demand for cement is expected to continue, which will lead to more production going forward

After witnessing strong growth over the last couple of decades, construction firms are falling like dominoes in Australia. The last two years have been a difficult period for construction developers, as firms are struggling due to funding problems and the impact of the global pandemic outbreak.

According to ConsTrack360, global construction chemical industry is expected to grow by 5.3 % to reach USD 81 billion in 2023.
The growth momentum is expected to continue over the forecast period, recording a CAGR of 10.2 % during 2023-2027. The construction chemical output in the country is expected to reach USD 120 billion by 2027.

The macroeconomic environment, including rising inflation, interest rates, and the ongoing war between Russia and Ukraine, is having an impact across different industry verticals, including the global construction market. Construction chemical firms are also experiencing the impact of these factors amid the cooldown in the building sector.

For years, affordable housing has been a critical issue in the residential sector worldwide, and the trend has further continued in 2023. Global, government institutions are witnessing a significant drop in the availability of affordable units. Several factors have contributed to the demand and supply gap.

The decorative paint market is poised for an accelerated growth trajectory over the next five years in India. Rising urbanization, disposable income, and government policies mean high construction activities in the residential segment

Higher spending on infrastructure and affordable housing projected meant that construction chemicals firms are foreseeing a strong growth period over the next five years in the global market.

In Saudi Arabia, the modular construction industry is poised to record strong growth over the next five years. The prefabricated construction market size is expected to reach SAR 14.5 billion in 2023, according to ConsTrack360 estimates.

Construction of residential facilities has always been the driving factor for the growth of the construction sector in the country. The residential sector in the country is still in much demand due to the high immigration of refugees, strong urbanization, and an increasing number of immigration of professionals.