The cement and concrete products market size has grown strongly in recent years. It will grow from $419.23 billion in 2024 to $448.12 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. 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 $552 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. 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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Which industry factors have accelerated the cement and concrete products market’s expansion?
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. For instance, In September 2024, according to the CAP 20 articles published by the Center for American Progress, a US-based public policy research and advocacy organization, each year, the U.S. Treasury Department spends roughly $13.5 billion on the LIHTC program. Additionally, HUD’s Public Housing Capital Fund allocated $3.2 billion in grants to PHAs for public housing repairs and rehabilitation. Therefore, the government initiatives to provide funds and subsidiaries is driving the cement and concrete products market.
What are the primary segments of the cement and concrete products market?
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
Subsegments:
1) By Cement: Portland Cement, Blended Cement, White Cement, Specialty Cement
2) By Ready-Mix Concrete: Standard Ready-Mix Concrete, High-Strength Ready-Mix Concrete, Lightweight Ready-Mix Concrete, Self-Consolidating Concrete
3) By Concrete Pipe: Reinforced Concrete Pipe (RCP), Non-Reinforced Concrete Pipe, Precast Concrete Pipe
4) By Brick And Block: Clay Bricks, Concrete Blocks, AAC (Autoclaved Aerated Concrete) Blocks
5) By Other Concrete Products: Precast Concrete Products, Decorative Concrete Products, Concrete Pavers, Concrete Sleepers
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Which firms are leading the cement and concrete products market?
Major companies operating in the cement and concrete products market include 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.
Which market trends are set to define the future of the cement and concrete products market?
Cement manufacturing plants are increasingly using digital technologies such as the internet of things (IoT) to improve plant efficiencies. IoT is a network of physical devices that communicate over the internet. IoT helps in remote monitoring and predictive maintenance of a cement plant. Remote monitoring is used to oversee operations of big vehicles in the quarries and to report on key metrics such as fuel consumption per ton and operating hours. IoT can also be used to predict potential malfunctions and maintenance needs. In cement plants, predictive maintenance can improve up-time on critical cement equipment such as grinding mills and kilns. Other applications of IoT in the cement industry include tracking and measuring the durability of concrete mixture, reporting on compliance to international standards, and connected logistics to improve quarry production. Zoom link, a ready-mix concrete production equipment manufacturer, is actively testing data-based metrics to improve operations of vehicles used in quarries.
Which geographic trends are shaping the cement and concrete products market, and which region has the highest market share?
The countries covered in the cement and concrete products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Cement And Concrete Products Market Report 2025 Offer?
The cement and concrete products market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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