What is the estimated value of the global Concrete Market?

The global market for Concrete was estimated to be valued at US$ XX Mn in 2021. Read More

What is the expected growth rate of the global Concrete Market during the forecast period?

The global Concrete Market is estimated to grow at a CAGR of XX% by 2028. Read More

What are the key industry segments covered in the report?

The global Concrete Market is segmented on the basis of Concrete Type, Application, End-user industry, Region. Read More

On the basis of region, how is the global Concrete Market segmented?

Based on region, the global Concrete Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Read More

Who are the key players competing in the global Concrete Market?

The key players operating in the global Concrete Market are CEMEX, S.A.B. de C.V., CRH, Forterra, Heidelbergcement AG, Holcim, Shay Murtagh Precast Ltd, Sika AG, Votorantim S.A., Weckenmann Anlagentechnik GmbH & Co. KG, Wells Concrete. Read More

Concrete Market Size, Share, Growth Analysis, By Concrete Type (Reinforced Concrete, Green Concrete), By Application (Residential, Non-Residential), By End-User Industry (Roads & Highways, Dams & Power Plants), By Region -Industry Forecast 2025-2032

Report ID: SQMIG15F2194 | Region: Global | Published Date: November, 2024
Pages: 173 | Tables: 94 | Figures: 71

Concrete Market News

In March 2024, Shree Cement launched Bangur Concrete besides inaugurating its first Greenfield RMC unit in Hyderabad. The unit will produce 90 cubic meters an hour from the unit. This will increase the cement business of the company through this initiative.

In June 2023, Buzzi Unicem agreed to sell part of its ready-mix concrete business in Slovakia and Ukraine to prominent building materials solutions provider CRH for a consideration of USD 109 million through its subsidiary Dyckerhoff GmbH.

In May 2023, Holcim successfully acquired BESBLOCK LTD for the purpose of enhancing its ready-mixed concrete business in the UK and strengthening its lead in market positions for sustainable construction solutions.

Concrete Market Report Snapshots

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Global Concrete Market size was valued at USD 183.83 Billion in 2022 and is poised to grow from USD 192.47 Billion in 2023 to USD 277.94 Billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).

The competitive environment in the concrete sector is characterized by a mixture of large international players and local competitors. Major global companies such as HeidelbergCement, LafargeHolcim, and CEMEX dominate the market with their portfolio of concrete products and solutions. Regional companies focus on regional markets and, more often than not, place their focus on being low-priced, sustainable, and backed up with local supply chains. There arise new businesses specializing in cutting-edge goods such as high-performance and environmentally friendly concrete and 3D printing technology that threatens its market. 'Balfour Beatty', 'ACC Ltd', 'UltraTech Cement', 'Barney and Dickenson', 'Buzzi Unicem S.p.A.', 'Laing O’Rourke', 'Julius Berger Nigeria', 'Boral Limited', 'Skanska AB', 'LafargeHolcim Ltd.', 'Vicat S.A.', 'CEMEX S.A.B. de C.V.', 'HeidelbergCement', 'CRH', 'Wells Concrete'

Infrastructure Development and Urbanization

Self-Healing Concrete: Among the most significant concrete market trends is the development of self-healing concrete. Self-healing concrete added with substances such as bacteria or capsule releases healing chemicals that can autonomously mend small cracks on its surface and extend the lifespan of a building. This invention is gaining more acceptance in commercial and infrastructure projects due to added features such as lower maintenance costs and higher resistance of roads and buildings under extreme conditions.

Asia-Pacific held the largest concrete market share. This region is home to some of the biggest economies in the world, including China, India, and Japan. This region has proven to be an undisputed leader in building infrastructure and activities. China has been leading the curve in building on a global scale for decades, with massive expenses in infrastructural, commercial, and residential projects led by government initiative and increasing urbanization. The requirement for residential and non-residential development is increasing in India due to the growing middle class and population. In case of large-scale urbanization, industrialization, and infrastructure development of the region, especially in developing markets, significantly benefits the area. The region is contributing a great deal to the production of buildings in the world.

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Concrete Market Size, Share, Growth Analysis, By Concrete Type (Reinforced Concrete, Green Concrete), By Application (Residential, Non-Residential), By End-User Industry (Roads & Highways, Dams & Power Plants), By Region -Industry Forecast 2025-2032

Concrete Market News

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