The Concrete Materials Global Market Report 2023, provides comprehensive information on the concrete materials market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global concrete materials market size is expected to grow from $305.72 billion in 2022 to $314.85 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global concrete materials market size is expected to grow to $350.29 billion in 2027 at a CAGR of 2.7%.
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Product innovation is a key trend gaining popularity in the concrete materials market going forward. Major companies operating in the concrete materials market are focused on developing innovative products to strengthen their position in the market. For instance, in February 2020, Cemex, a Mexico-based concrete materials manufacturer, launched ready-mixed concrete which is a CarbonNeutral product. It presents the Vertua low carbon concrete range, which includes the option to offset residual CO2, by introducing a new innovative geopolymer cement solution in accordance with The CarbonNeutral Protocol.
The concrete materials market is segmented:
1) By Concrete Type: Ready-mix concrete, Precast products, Precast elements
2) By Application: Reinforced concrete, Non-reinforced concrete\
3) By End-User Industry: Roads and Highways, Tunnels, Residential Buildings, Non-Residential Buildings, Dams and Power Plants, Mining, Other End-User Industries
Asia-Pacific was the largest region in the concrete materials market in 2022.
The table of contents in TBRC’s concrete materials market report includes:
1. Executive Summary
2. Concrete Materials Market Characteristics
3. Concrete Materials Market Trends And Strategies
4. Concrete Materials Market – Macro Economic Scenario
5. Concrete Materials Market Size And Growth
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26. Africa Concrete Materials Market
27. Concrete Materials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Concrete Materials Market
29. Concrete Materials Market Future Outlook and Potential Analysis
30. Appendix
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