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, enhancing consumer purchasing power. China's GDP per capita rose from USD10,260 in 2019 to approximately USD13,900 in 2024, while India's GDP per capita grew from USD2,099.6 to around USD2,698 during the same period. This surge in purchasing power will fuel increased spending on residential and non-residential infrastructure projects, driving the expansion of the global construction sector. This trend is anticipated to positively impact the global concrete and cement market, as heightened infrastructure development demands are expected to continue throughout 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

The Concrete and Cement market encompasses various products such as concrete pipes, paving blocks, and ready-mix concrete. Key components include batch plants, rapid hardening cement, low heat cement, white cement, hydrophobic cement, colored cement, Portland pozzolana cement, and urban development's steel beams. Urban centers, residential and commercial buildings, high-rise structures, and developing markets drive growth. Drivers include construction boom, infrastructure investments, regulatory standards, sustainable practices, and infrastructure resilience. Threats and opportunities include digitalization in construction, smart concrete, carbon capture, infrastructure projects, urban development, and eco-friendly materials. Strength enhancement, economic advancements, energy efficiency, building codes, material innovation, and recycling processes are essential trends.

Market Research Overview

The construction materials market encompasses the manufacturing sector for products such as cement, concrete, concrete pipes, paving blocks, ready-mix concrete, and various specialty cements like rapid hardening, low heat, white, and hydrophobic cement. This market falls under the broader construction materials category, which also includes sand, clay, gypsum, lime, aggregates, bricks, and other materials. The market's size is determined by the combined revenue generated by providers in the chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products industries. The construction materials market's growth is primarily driven by the burgeoning building and construction industry. With significant expansion over the past few years, this sector is projected to maintain its upward trend in the coming years, resulting in increased 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/