Overview and Scope
Cement and concrete products refer to types of structures made of aggregate, or
hard, chemically inert particle material such as sand and gravel, which is
joined by cement and water to form products such as concrete pipes, bricks, and
paving blocks to provide strength, durability, safety, and affordability to the
construction of buildings and commercial offices.
Sizing and Forecast
The cement and concrete products market size has grown strongly in recent
years. It will grow from $386.18 billion in 2023 to $410.86 billion in 2024 at
a compound annual growth rate (CAGR) of 6.4%.
The growth in the historic period
can be attributed to construction boom, industrialization and economic
development, population growth, infrastructure investments, regulatory
standards.
The cement and concrete products market size is expected to see strong growth
in the next few years. It will grow to $512.15 billion in 2028 at a compound
annual growth rate (CAGR) of 5.7%. The
growth in the forecast period can be attributed to sustainable construction
practices, smart cities initiatives, innovation in materials, infrastructure
resilience, population density challenges. Major trends in the forecast period
include digitalization in construction, technological advancements in
construction, carbon capture and utilization, alternative binders and
materials, advanced concrete technologies, digitalization and smart
construction.
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Segmentation & Regional Insights
The cement and concrete products market covered in this report is segmented –
1) By Type: Cement, Ready-Mix Concrete, Concrete Pipe, Brick, and Block, Other
Concrete Products
2) By Product: Rapid Hardening Cement, Low Heat Cement, White Cement,
Hydrophobic Cement, Other Products (Colored Cement, Portland Pozzolana
Cement)
3) By Application: Residential, Non-Residential
The Asia-Pacific was the largest region in the cement and concrete products
market in 2023. Western Europe was the second-largest region in the cement and
concrete products market. The regions covered in the cement and concrete
products market report are Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Governments globally launched initiatives to provide funds and subsidies to
make housing affordable, especially for low-income families, which drove the
demand for cement and concrete. These subsidies allowed customers to borrow
money at low-interest rates to invest in new houses. The government of
Australia, for example, provides a grant of $15,000 through the ‘First Home
Owners Grant’ scheme for the purchase or construction of homes by first-time
buyers. The Indian Government launched the ‘Housing for All by 2022’ mission
which provides grants for slum rehabilitation and construction of new houses.
Such government initiatives encouraged people to construct new houses and drive
growth in the housing market increasing the demand for cement in the historic
period.
Key Industry Players
Major companies operating in the cement and concrete products market report are
CRH plc, Titan Cement Group International, China National Building Material
Group Co.Ltd., LafargeHolcim Ltd., Anhui Conch Cement Company Limited, Siam
Cement Public Company Limited, Cemex SAB de CV, Grasim Industries Limited,
UltraTech Cement Limited, Taiheiyo Cement Corporation., Sinoma International
Engineering Co. Ltd., Buzzi Unicem SpA, China Resources Cement Group Limited,
Dangote Cement plc, Ambuja Cements Limited, Taiwan Cement Corporation,
Heidelberg Cement AG, Dalmia Bharat Ltd., JK Cement Ltd., The India Cements
Limited, Cementir Holding N.V., Orient Cement Ltd., Birla Corporation Limited,
Ramco Group, Votorantim S.A., Eurocement Group, Nippon Cement Co. Ltd.,
Shuangma Cement Holding Group, Jidong Cement Company Limited, Binani Industries
Ltd.
The cement and concrete products market report table of contents includes:
1. Executive Summary
2. Cement
And Concrete Products Market Characteristics
3. Cement
And Concrete Products Product/Service Analysis -Product/Service Examples
4. Cement
And Concrete Products Market Trends And Strategies
5. Cement
And Concrete Products Market - Macro Economic Scenario
.
68. Global Cement And Concrete Products Market Competitive Benchmarking
69. Global
Cement And Concrete Products Market Competitive Dashboard
70. Key
Mergers And Acquisitions In The Cement And Concrete Products Market
71. Cement
And Concrete Products Market Future Outlook and Potential Analysis
72.
Appendix
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