Abstract:
EN: The global population is estimated to reach 9.7 billion in 2050.
The urbanization of the population has its own positive impact on economic growth.
Nevertheless, it also demands careful thought about the provision of adequate housing and urban planning strategies. The global residential buildings in particular account for 38% of the global construction volume. Residential buildings also occupy much more floor space compared to non-residential buildings. Such demand has so far been supplied by the construction industry that consumes an estimated 3 billion tones of raw materials and other resources. Still, this supply of housing has also not been able to meet the demand resulting in more substandard housing.These trends endanger the planetary boundaries that are defined to be a safe operating space for humanity. Reasons for inefficient construction resource utilization include the fragmented, project-based approach and the “linear” economy approach in which construction materials are sourced, used, and disposed of with little re-use or recycling. Hence studying this particular segment of the infrastructure demand and supply is vital.
