Global concrete and cement market 2024-2028

Global Concrete And Cement Market 2024-2028

The concrete and cement market is forecasted to grow by USD 438.3 billion during 2023-2028, accelerating at a CAGR of 6.36% during the forecast period. The report on the concrete and cement market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing global construction market, growing adoption of smart concrete, and rapid urbanization in APAC.

Technavio's concrete and cement market is segmented as below:

By Product

• Cement
• Concrete

By End-user

• Residential
• Non-residential

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the rapid urbanization and rising disposable income as one of the prime reasons driving the concrete and cement market growth during the next few years. Also, use of carbon capture storage (CCS) plants and rising demand for green cement will lead to sizable demand in the market.

The report on the concrete and cement market covers the following areas:

• Concrete and cement market sizing
• Concrete and cement market forecast
• Concrete and cement market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading concrete and cement market vendors that include Adani Group, Adbri Ltd., BGC Australia PTY Ltd., Buzzi SpA, Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., CRH Plc, FCC SA, Fletcher Building Ltd., Heidelberg Materials 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.. Also, the concrete and cement market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.