2 Strategy The Group’s environment SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 45 Trends in the Group’s various markets 1.2 Saint-Gobain is driven by the acceleration of the markets in which the Group operates, and where it seizes growth opportunities. This dynamic is at work in all geographical areas and on global markets (1). Western Europe North America Emerging markets Global Markets (2) Expected market growth, 2021-2025(3) 2 to 4% 2 to 4% 4 to 6% 3 to 4% Main growth drivers Increase in the volume ■ of the renovation market through the EU “Fit for 55” package, Increased standards for ■ new construction, Evolution in uses of ■ buildings. Acceleration of the ■ construction market through light construction, Demographics and ■ structural needs in housing, Evolution in uses of ■ buildings. Robust demographic ■ growth, Urbanization, ■ Adoption of light ■ construction. Rapid development of ■ markets and technologies for industrial decarbonization. Saint-Gobain sales (4) (as a percentage of Group revenue) €26 billion (61%) €4 billion (10%) €5 billion (12%) €7 billion (17%) Sustainable construction 1.2.1 Saint-Gobain’s largest market, construction, offers growth prospects worldwide, with differing challenges and requirements depending on the geographic region. The post-Covid-19 recovery plans have integrated the crucial importance of the building sector in the ecological and energy transition; more than €1 trillion in public aid is earmarked for the transformation of the entire sector. Renovation and building envelope 1.2.1.1 housing stock is also aging; however, this is a sector where decarbonization technologies are developed and allow extremely significant gains in terms of avoiding GHG emissions, especially in a context of rising energy prices. The renovation sector is particularly promising for growth in Europe, where it represents more than €680 billion per year (6). The figures accompanied by forecasts published as part of the Euroconstruct report (covering an area including Germany, Austria, Belgium, Denmark, Spain, Finland, France, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, the United Kingdom, the Czech Republic, Slovakia, Sweden and Switzerland) from In mature markets, building renovation and energy November 2021 show a particularly robust sector. efficiency are key challenges (5). The existing (and dense) Size of the renovation market in Europe, 2018-2024, in millions of euros (6) 640,000 660,000 680,000 700,000 720,000 740,000 760,000 780,000 2018 2019 2020 2021 2022 2023 2024 (1) Source: Oxford Economics – Saint-Gobain, Capital Markets Day, October 2021. (2) High Performance Solutions. (3) Expected average annual growth, weighted by the exposure of Saint-Gobain to each market. (4) Sales over 12 months at the end of June 2021. (5) United Nations Environment Program-Sustainable Buildings and Climate Initiatives (UNEP-SBCI): “Building Design and Construction: Forging Resource Efficiency and Sustainable Development”. (6) IHS, Euroconstruct Report, November 2021. The scope is that of the 19 countries studied by the report.
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