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

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.

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/