Authored By: Sarah
07 Mar 2023

Concrete and Cement Market Size to Grow by USD 469.01 Billion at a CAGR of 7.1% Between 2022 and 2027

The concrete and cement market share will post an incremental growth of USD 469.01 billion, progressing at a CAGR of 7.1%% during the forecast period. The growing adoption of smart concrete will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market. 

Browse Technavio's 166-page report and in-depth TOC on "Concrete and Cement Market by product (cement and concrete), end-user (residential and non-residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

View detailed Table of Contents Here: https://www.technavio.com/report/concrete-and-cement-market-industry-analysis

Concrete and Cement Market Size to Grow by USD 469.01 Billion at a CAGR of 7.1% Between 2022 and 2027

What are the leading segments in the Concrete and Cement Market? 

The concrete and cement market is segmented by product (cement and concrete), end-user (residential and non-residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The growth of the concrete and cement market size in the cement segment will be significant during the forecast period. The market will show a positive growth rate during the forecast period, owing to the restoration of the global real estate market, infrastructure advancements, favorable policies in emerging countries, and industrial developments.

APAC is estimated to contribute 56% to the growth of the global market during the forecast period. In APAC, the increasing number of construction projects is expected to drive the growth of the regional construction market during the forecast period.

What are the factors impacting the growth of the Concrete and Cement Market? 

The growing adoption of smart concrete will directly influence the sales of concrete and the cement market. In addition, the rising demand for green cement is one of the major concrete and cement market trends that will positively impact market growth. However, factors such as the increase in overall construction cost will hamper the concrete and cement market growth. 

What are the key Companies in the Concrete and Cement Market? 

The market is fragmented due to the presence of several players. Some of the major concrete and cement market vendors are Adani Group, Adelaide Brighton Ltd., BGC (Australia) PTY Ltd., Buzzi Unicem SpA, Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., CRH Plc, Fletcher Building Ltd., Fomento de Construcciones y Contratas SA, HeidelbergCement AG, Holcim Ltd., JK Cement Ltd, Mitsubishi Cement Corp., NIPPON STEEL CEMENT Co Ltd, PPC Ltd., Sumitomo Osaka Cement Co. Ltd., Taiheiyo Cement Corp., Titan Cement Group, and UltraTech Cement Ltd.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.  

What are the key data covered in the Concrete and Cement Market report? 

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the concrete and cement market forecast during 2023-2027). 

  • Market-level data on units, average selling prices, and values of the concrete and cement market share. 

  • Prediction of the upcoming trends, drivers, and factors that challenge the growth of the concrete and cement market. 

  • Concrete and cement industry growth across APAC, Europe, North America, South America, and Middle East and Africa.

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