Cement Manufacturing in the US - Industry Market Research Report

Cement Manufacturing in the US - Industry Market Research Report

Cement Manufacturing in the US

In both literally and figuratively building the modern economy, the industry produces a wide range of cements. Cement is used predominantly in concrete products, with demand from ready-mix concrete producers accounting for a large percentage of revenue. Since concrete is used heavily in construction activities, the industry is dependent on investment in infrastructure, utilities, public works, residential and nonresidential construction. Going into 2023, demand for cement remained unusually stable, leveraging low interest rates and strong macroeconomic conditions early in the period to recover after weak demand from utilities damaged revenue in 2017. Both latent and induced demand for residential construction during the COVID-19 pandemic led to a 1.0% increase in revenue; this stability was trailed by an even stronger recovery of 3.7% in 2021. Following this trend is revenue growing at a CAGR of 0.1% to $10.4 billion entering 2023. But the value of residential construction decreasing in the current period will likely result in a decrease of 3.0% in 2023.

Operators in this industry manufacture cements, including portland, natural, masonry and pozzolanic cements for use in construction. This industry does not produce lime (IBISWorld report 32741), which is an ingredient in cement, nor does it produce concrete (IBISWorld reports 32732, 32733 and 32739), which uses cement as an input.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.