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Given this, manufacturers and distributors of construction materials will have to endure a poor outlook for 2024, but as demand is expected to record growth in 2025 and 2026,

During 2019-2021, the construction business is likely to grow at an accelerated rate in 2019

Overall demand for construction materials is expected to recover gradually over the 2026–2028 period. In particular, demand for structural materials will be supported by new investment projects and large-scale infrastructure developments

The construction materials industry will enjoy an improving outlook over 2023 to 2025 thanks to better conditions on both domestic and international markets. (i) Overall domestic expenditure on construction is forecast to expand by 3.0-3.5% annually, lifted by a combination of an acceleration in government investment on megaprojects connected to the Eastern Economic Corridor (EEC) (ii) With the COVID-19 pandemic now receding, regional economies are rebounding, and this will support increased spending on infrastructure and real estate projects

It is expected that in 2020 the revenue of construction materials is likely to shrink from the impact of the COVID-19 crisis in 2019.

Business analysis of the construction industry and construction materials include Contract for Construction, Building Materials and Steel

The construction contractor business is expected to grow at an average rate of 2.8–3.3% per year during 2027–2029. The main growth driver will be public construction investment

The construction industry is expected to recover over the next 3 years, with total construction spending forecast to rise by 4.5-5.0% in 2021 and then by 5.0-5.5% in 2022-2023. A major driver will be public-sector spending on infrastructure megaprojects, especially in the Eastern Economic Corridor, where investment in government-backed projects will encourage crowding-in of private-sector investment (e.g., in industrial estates). Beyond this, the gradual recovery of the Thai economy will also support greater investment in residential accommodation and commercial properties. And, there will be new opportunities in neighboring countries as their governments continue to improve national infrastructure in response to continued economic growth and urbanization.

The construction contracting sector is projected to expand at a modest average rate of 2.0–2.5% annually during 2025–2027.

During 2009-2018 construction investment accounted for an average of 8.1% of gross domestic product. It affects employment and is connected to the business