PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Download our free e-book! Overcoating bridges and other structures.

Coatings Industry News

Main News Page


Global Construction Hot to Top $15T

Wednesday, July 3, 2013

Comment | More

China, the United States and India are set to lead "meteoric" global construction growth that will reach $15 trillion in value by the year 2025, a new study reports.

Those three countries will account for almost 60 percent of global growth by 2025, fueling an increase of more than 70 percent in construction output over that period, reports Global Construction 2025.

The report, released Monday (July 1), is the third in a series of major global construction and engineering studies published by Global Construction Perspectives and Oxford Economics.

India - housing construction
ashoka.org

India's enormous and continuing need for affordable housing will drive major construction and engineering growth across that country, analysts say.

A slight slowdown in China will raise the profile of emerging markets in Asia, while the Western European construction market is expected to contract to 2007 levels, the report said.
 
'Tipping Point'
 
“World construction markets are at a tipping point already, with 52 percent of all construction activity in emerging markets today," Graham Robinson, executive director of Global Construction Perspectives, said in an announcement about the report.
 
"We expect to see this increasing to 63 percent by 2025, with China and India contributing most to growth in emerging markets."
 
China overtook the United States to become the world’s largest construction market in 2010 and is expected to increase its global share from 18 percent today to 26 percent in 2025, despite an expected slowdown, the study authors said.
 
New 'Asian Tigers'
 
China's slowdown will create "significant opportunities" for other Asian markets, the study said.
 
“China and India will need to build another 270 million new homes by 2025—mostly affordable homes,” said Mike Betts, of Global Construction Perspectives.
 
Construction - China
constructiondigital.com

China's recent construction blitz is starting to slow, creating opportunities for other Asian markets, the report says. China is the world's largest construction market.

Indonesia, Vietnam and the Philippines will make up a "new generation of 'Asian Tigers,'" becoming more attractive for export-oriented manufacturing and representing a $350 billion construction market growing at more than 6 percent annually.

“While China is the key market, it would be a mistake to ignore the transformations happening elsewhere in Asia, which will help boost construction in Asia Pacific,” says Jeremy Leonard, Director of Industry Services at Oxford Economics.
 
Eclipsing Japan
 
India will overtake Japan as the third-largest construction market, with annual growth averaging 7.4 percent in construction expected to exceed that of China, the report said.
 
Western Europe offshore operation
cpnl.eu

The report looks at infrastructure, commercial and residential construction. Activity in Western Europe is expected to contract in the coming years to 2007 levels.

In Western Europe, on the other hand, the construction market in 2025 is expected to be almost 5 percent smaller than during its pre-recession peak in 2007, while North America is forecast to be almost 40 percent larger.
 
“By 2050, there’ll be two billion additional city dwellers," said Bruno Lafont, chairman and CEO of global building products Lafarge.
 
"Sustainable urbanization will be a major construction challenge, and the industry must strive to find innovative new products and solutions, to contribute to building better cities."
 
About the Report
 
Sponsored by two dozen construction and engineering multinationals, the report and databases provide forecasts for construction and engineering globally as well as for key regional and country markets.
 
The report and databases also examine trends and give forecasts for key sectors such as infrastructure, residential and non-residential markets.

 

   

Tagged categories: Commercial Construction; Construction; Infrastructure; Market forecasts; Residential Construction

Comment Join the Conversation:

Sign in to our community to add your comments.

Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com


SAFE Systems, Inc.
Portable Blast &
Recovery Equipment

Trailer or skid mounted blast and recovery equipment. Systems designed for maximum versatility, environmental compliance
and overall cost savings.
Call 1-800-634-7278


HoldTight Solutions Inc.
NO FLASH RUST - NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rust
preventer prevents flash
rust by removing surface contaminants. Contact us
for your nearest distributor.
(800) 319.8802 sales@holdtight.com


Clemco International GmbH
Global engineering-trusted solutions

For more than 70 years, Clemco has provided the highest quality blast equipment with a total commitment to comfort and safety.


W Abrasives
Steel Abrasives from
W Abrasives

As the global leader in steel abrasives, W Abrasives material is the efficient and eco-friendly solution blasting with you to reach the perfect profile.


Dehumidifiers, Sales and Consulting
The pass-through or "daisy-chain" system by CamLok SAVES YOU MONEY!

Don Bechtol has over 40 years of experience utilizing climate control for blasting/painting projects. Call today!
1-713-249-1615
¡SE HABLA ESPAÑOL!


SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


Sherwin-Williams
Sherwin-Williams General Polymers Resinous Flooring App

Our coatings and linings expertise available 24/7, allowing you to explore the Sherwin-Williams systems best suited for your flooring needs. Android Users Click here to Download the app today!


Atlantic Design, Inc.
CLICK HERE

to see what we did to this dust collector! ADI can increase the efficiency and life of your equipment! Any brand, for less than new! 866.Call.ADI


PPG Protective and Marine Coatings Group
We Protect and Beautify the World

PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us