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New Updated Report on UK Market for Building Materials

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Mar 11 2014

Research and Markets has announced the addition of the "Building Materials Market Update 2013" report to their offering.

This Market Update examines the UK market for building materials, with a particular focus on basic materials, such as concrete and cement, aggregates, and clay products. In addition, there is some analysis of timber and metal products. While an overall value of the building materials market is difficult to estimate, according the Construction Products Association (CPA), the sector has an annual output in excess of £40bn, and accounts for more than a third of total construction output.

Over the past 5 years, however, many materials across the sector have exhibited a decline in value. This decline is largely attributable to the adverse economic climate and its impact on the construction industry. Throughout 2008 and 2009, construction industry output saw massive declines as private investment fell dramatically in response to declining economic conditions and recession. While the market recovered somewhat in the years following, in 2012, depressed economic conditions alongside the introduction of public-sector austerity resulted in falling output in the construction industry.

Other issues affecting the building materials market in recent years has been the proliferation of sustainable principles, and the reduction of greenhouse gas (GHG) emissions across the UK economy. In the construction industry, numerous initiatives such as Zero Carbon Homes and the Government's flagship environmental initiative the Green Deal have been implemented in order to encourage uptake of energy-efficient improvements in existing buildings and to reduce emissions from new builds.

With continued difficulties in the UK economy, private investment is expected to remain uncertain in 2013, while Governmental austerity measures are expected to limit public spending on construction until at least 2015. As such, construction output is expected to experience further decline in 2014, followed by slight recovery in 2014. As public-sector spending returns, growth in output is expected to become increasingly significant. Due to its reliance on the construction output, the building materials segment is largely expected to follow these trends.

Key Topics Covered:

Executive Summary

Market Definition

Market Size

Strengths, Weaknesses, Opportunities and Threats

Current Issues

Forecasts

Green Deal

Company Profiles

Further Sources

Companies Mentioned