Authored By: Sarah
06 Mar 2025

Latest News- Concrete And Cement Market: Cement is expected to lead the Product segment during 2025-2029

The Concrete And Cement Market is being driven by Growing global construction industry

The Concrete And Cement Market is expected to grow at a CAGR of 6.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 481.6 billion. Economic growth and urbanization in key markets such as India, Vietnam, Malaysia, China, and Qatar have led to substantial income increases and enhanced consumer purchasing power. Notably, China's GDP per capita rose from approximately USD10,260 in 2019 to around USD13,900 in 2024. India's GDP per capita saw a similar trend, increasing from USD2,099.6 in 2019 to about USD2,698 in 2024. This surge in consumer purchasing power is anticipated to fuel increased spending on both residential and non-residential infrastructure projects. This trend is expected to positively impact the global construction sector and the concrete and cement market during the forecast period. 

Get more information on Concrete And Cement Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Product
    • Cement
    • Concrete
  • End-user
    • Residential
    • Non-residential
  • Geography
    • APAC
      • China
      • India
      • Japan
      • South Korea
    • Europe
      • Germany
      • UK
      • France
    • North America
      • Canada
      • US
    • South America
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Growing global construction industry
      • Growing adoption of smart concrete
      • Rapid urbanization in APAC

      However, the market also witnesses some limitations, which are as follows:

      • Increase in overall construction cost
      • Side effects of cement manufacturing
      • Stringent regulations and depleting fossil fuel reserves

      Benefits of Buying Global Concrete And Cement Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Concrete And Cement Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      198

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 6.6%

      Market growth 2025-2029

      USD 481.6 billion

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      6.2

      Key countries

      China, US, Japan, India, South Korea, UK, Australia, Canada, Germany, and France

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      In urban areas, the Concrete and Cement Market encompasses the production and supply of essential construction materials such as Sand, Gravel, Concrete pipes, Bricks, Paving blocks, and various types of Cement including Rapid hardening, Low heat, White, Hydrophobic, Colored, Portland pozzolana, and Advanced concrete. Urban centers in Developing and Developed markets witness a construction boom with a focus on Residential buildings, Commercial buildings, and High rise buildings, fueled by infrastructure investments, regulatory standards, and sustainable construction practices. Threats and opportunities include the use of Steel beams, urbanization, and digitalization in construction. Drivers and restraints include infrastructure resilience and regulatory compliance. Planned skyscrapers and the need for eco-friendly and durable construction solutions continue to shape market growth.

      Market Research Overview

      In the expansive construction materials sector, cement and concrete, along with aggregates such as sand, gravel, and various building components like concrete pipes, bricks, and paving blocks, fall under the purview of the global construction materials market. This market encompasses the consolidated revenue generated by manufacturers and suppliers of a diverse range of materials, including chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products. The burgeoning building and construction industry, which has experienced robust growth in recent years, serves as a significant catalyst for the expansion of this market. The ongoing upward trend in the construction sector is projected to continue, fueling the demand for construction materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

      Read News Read Less
      Interested in this report?
      Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.