Dublin, June 18, 2020 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com published a new article on the building and construction industry "Building Materials Could See Increased Demand as Construction Resumes After COVID-19 Closures"
Demand for building materials has been affected by shutdowns in construction as many non essential projects have been put on hold. Demand may increase as construction resumes. Several US states have announced plans to reopen businesses in phases. In New York, several construction projects resumed in late April with more expected to follow the announcement that construction will be among the first low-risk sectors to reopen. Pennsylvania allowed construction to resume in May while construction projects in Washington will not resume until June.
The industry may see increased demand for building materials due to grants for public works projects such as the Airport Improvement Program which will provide funding for the development and modernization of airports across the US. As countries begin to reopen there may be a trend away from reliance on imported building materials which could give a boost to local manufacturing sectors. It is also possible that companies will begin to value supply chain resilience over efficiency and may move to secure higher than normal levels of inventory to guard against future supply chain disruption.
To see the full article and a list of related reports on the market, visit "Building Materials Could See Increased Demand as Construction Resumes After COVID-19 Closures"
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June 18, 2020 at 06:03PM
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COVID-19's Impact on Building Materials - Grants for Public Works Projects Will Boost Demand - GlobeNewswire
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