Impact of COVID-19 on the Global Construction and Building Market and Outlook 2020-2021

Impact of COVID-19 on the Global Construction and Building Market Outlook

The COVID-19 pandemic is projected to trigger long-term and short-term impacts on the construction and building industry. To contain the spread of the virus, many construction sites are being shut down while construction projects are being put on hold or re-evaluated.

Several hard-hit areas have already suspended construction activities. The projects allowed to continue will face delays owing to supply chain disruptions affecting the supply of raw materials.

In the wake of the uncertainty over how quickly the economy will recover, reduced spending could be expected for ‘non-essential’ initiatives like workplaces, entertainment, etc. Whereas many infrastructures, hospitals, and residential projects, which are considered essential, will continue to move forward.

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In such trying times, uncertainty prevails and makes it difficult to predict a recovery path for the industry. However, contingency plans and government support should be in place in order to help the subcontractor middle market of the industry.

This exclusive report by EMR explores the outbreak of COVID-19, its impact on the global and regional economies, and its implications on the construction and building sector. The report studies the impact of the crisis on the global economy by assessing parameters like consumption, GDP, business investment, residential investment, inventory, and governmental policies and decisions. The regional economies analysed for Q1 2020 till Q4 2021 are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Keeping in mind the prevailing conditions, EMR’s new report titled, the ‘Impact of COVID-19 on the Global Construction and Building Market’, gives a holistic understanding of the exposure of the construction and building sector to COVID-19, covering markets such as:

• Adhesives and Sealants
• Chemicals and Materials
• Facades
• Flooring
• Metals and Composites
• Mortars
• Roofing
• Waterproofing
• Others

For each of the above segment, the EMR report also gives an in-depth understanding of both the supply and the demand sides of the market by analysing:

• Key Parameters
• Price Variations of Key Raw Materials
• Production Shutdown
• Cash Flow Constraints
• Supply Chain Disruption
• Labour 
• Lockdown Impact
• Consumer Sentiments

With a focus on helping business leaders navigate through the shifting landscape, EMR also proposes some key short and medium to long term policies that look towards future growth while minimizing the economic damage.

Our experts at EMR leverage proprietary data, models, and expert opinion to provide timely insight into what the emerging pandemic means for the current needs of the market and future strategies of the industry players. We concentrate on helping our customers better understand the economic challenges, conditions, and uncertainty faced across all markets around the world. COVID-19’s impact on the construction and building sector may take an extended period to correct, but global players can refer to our detailed report showcasing the impact on various sectors and mitigate risk in advance.

We have also updated all our reports considering the impact of COVID-19 coronavirus on the various industries. Check out the reports in other categories to get a deeper understanding of how the COVID-19 has been impacting your industry in particular.

Key Highlights of the Report