PUBLISHER: The Business Research Company | PRODUCT CODE: 1680393
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680393
Cement and concrete products encompass structures constructed from aggregate, such as hard, chemically inert particles such as sand and gravel, bound together by cement and water. These products, including concrete pipes, bricks, and paving blocks, contribute to the strength, durability, safety, and cost-effectiveness of constructing buildings and commercial offices.
The primary types of cement and concrete products include cement, ready-mix concrete, concrete pipes, bricks and blocks, and various other concrete products. Ready-mix concrete is produced in a batch plant and utilized in construction projects. Different types of cement products include rapid-hardening cement, low-heat cement, white cement, hydrophobic cement, and other variations such as colored cement and Portland pozzolana cement. These products find applications in both residential and non-residential construction.
The cement and concrete products market research report is one of a series of new reports from The Business Research Company that provides cement and concrete products market statistics, including cement and concrete products industry global market size, regional shares, competitors with a cement and concrete products market share, detailed cement and concrete products market segments, market trends and opportunities, and any further data you may need to thrive in the cement and concrete products industry. This cement and concrete products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
Government initiatives aimed at making housing more affordable, particularly for low-income families, are indeed driving demand for cement and concrete. These programs often provide funds and subsidies that enable individuals to access low-interest loans for home construction, significantly impacting the construction industry. For example, as highlighted by the Center for American Progress in September 2024, the U.S. Treasury Department allocates approximately $13.5 billion annually to the Low-Income Housing Tax Credit (LIHTC) program. Additionally, the U.S. Department of Housing and Urban Development (HUD) provides $3.2 billion in grants through the Public Housing Capital Fund for repairs and rehabilitation of public housing. These financial supports not only encourage new housing developments but also drive up the need for construction materials like cement and concrete. As governments continue to prioritize affordable housing solutions, the cement and concrete products market is expected to see sustained growth.
The ongoing trend of urbanization is anticipated to further propel the growth of the cement and concrete products market. Urbanization, characterized by the migration of populations from rural areas to urban centers, results in increased demand for residential and commercial structures, infrastructure, and amenities. Cement and concrete play crucial roles in constructing houses, skyscrapers, roads, bridges, and other urban infrastructure. As reported by the World Economic Forum in April 2022, over 55% of the world's population, exceeding 4.3 billion people, lived in urban settings, a figure expected to rise to 80% by 2050. This urbanization trend is a key driver for the growth of the cement and concrete products market.
Cement manufacturing plants are increasingly adopting digital technologies, such as the internet of things (IoT), to enhance operational efficiencies. IoT facilitates remote monitoring and predictive maintenance, improving overall plant performance. It is applied in overseeing quarry vehicle operations, monitoring key metrics such as fuel consumption, and predicting potential malfunctions. Predictive maintenance is particularly valuable for critical cement equipment such as grinding mills and kilns. Other applications of IoT in the cement industry include assessing concrete mixture durability, ensuring compliance with international standards, and employing connected logistics for improved quarry production. Manufacturers such as Zoom link are actively testing data-based metrics to optimize vehicle operations in quarries.
Major companies in the cement and concrete products market are innovating with new products such as concrete raised floors to expand their customer bases, boost sales, and increase revenue. Concrete raised floors, used in commercial and data center environments, consist of individual panels or tiles, typically made of concrete or composite materials. Geoplast S.p.A., an Italy-based provider of sustainable construction solutions, introduced Matrix in April 2022-a product for concrete raised floors with integrated mechanical, electrical, and plumbing engineering (MEP) systems. Matrix's innovative design combines excellent load-bearing capacity with straightforward MEP arrangement, making it suitable for large structures such as airports, hospitals, or retail malls. The product surpasses traditional metal pedestal floors and entire concrete slabs by providing a sturdy, fire-resistant, acoustically improved, and flexible base for various top finishes (laminate, marble, wood).
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.
The Asia-Pacific was the largest region in the cement and concrete products market in 2024. 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.
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.
The cement and concrete products market consists of sales of bridge girders, structural components, and wall panels. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cement And Concrete Products Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cement and concrete products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cement and concrete products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cement and concrete products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.