2023 Construction Materials Market Outlook
What's driving the Construction Materials (CM) industry in 2023? FMI's latest market outlook assesses the challenges and opportunities for the sector.
Only time will tell, but ultimately CM's 2023 performance hinges on five key elements:
- Recession and consumer confidence
- Inflation and interest rates
- IIJA Rollout
- Demand and backlogs
- Global events (War, COVID, etc.)
From an M&A perspective, 2023's success depends on the strength of backlogs, firms' ability to maintain margins despite inflationary pressures, and the dynamics within specific geographic markets.
