Concrete and Cement Market size is set to grow by USD 469.01 billion from 2022 to 2027|Growing adoption of smart concrete to boost the market growth - Technavio

NEW YORK, July 3, 2023 /PRNewswire/ -- The global concrete and cement market size is estimated to increase by USD 469.01 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.1% during the forecast period. APAC is estimated to account for 56% of the market growth. This growth in the region is attributed to the rising number of construction projects. In countries such as India, Vietnam, Indonesia, and Thailand, the construction industry is likely to rise, which is higher compared to the predicted average growth rate of the regional construction industry. This rising number of infrastructural and construction activities in countries such as India, China, Japan, Thailand, Indonesia, and the Philippines is expected to drive the growth of the concrete and cement market. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Concrete And Cement Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on product (Cement and Concrete), end-user (Residential and Non-residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• The market share growth by the cement segment will be significant for market growth during the forecast period. Cement is utilized as a part of the concrete mix with materials and plays an important role as an unbreakable component in any construction activity. The cement has a chemical property that allows it to set and binds other materials. There are many types of cement varies depending on the composition. These types of cement include Portland cement, white cement, blended cement, and specialty cement. Portland cement is widely used cement across the world. This type of cement is suitable for all types of constructions and majorly produced cement. Hence, such factors boost the segment growth during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Concrete And Cement Market – Market Dynamics

Key driver

The rising adoption of smart concrete is the key driver for market growth. In the construction of various types of structures, concrete is commonly used as a composite material. Concrete mixtures are used as a mixture with Portland cement powder because they have a binding agent for aggregates. Although, concrete cannot support heavy strain or tension, which can result in structure cracks. Modern concrete technology has promoted the rising adoption of self-sensing concrete or smart concrete. Smart concrete is propped up by carbon fibers with 0.2%-0.5% by volume to raise their capacity to resist stress. In the concrete mixer by adding short carbon fibers, the electrical resistance of concrete can be raised with a response to handle stress. Hence, smart concrete can drive the growth of the market during the forecast period.

Major trend

Increasing demand for green cement is the primary trend shaping the market. The demand for green cement is showing growth in alternative fuels which are derived from waste materials. The acute need to reduce carbon dioxide emissions inspires the use of alternative fuels. Governments promoting green architecture can rise quick footholds in the market to ensure sustainable construction. Compared to ordinary Portland cement (OPC) the resistance offered by green cement to less alkaline compounds for various construction projects is expected to play an important role in the growth of the market. The increasing demand for green cement in construction activities is due to its less water consumption. All such factors will increase the demand for green cement, which, in turn, will drive the growth of the market during the forecast period.

Significant challenge

A rise in overall construction cost is the major challenge impeding market growth. A major part of the overall construction cost is in the materials such as stainless steel, hardened steel, cast iron, cement, concrete, bricks, and aggregates. The availability of these materials results in variations in pricing, where growth in the price of one building material raises the total cost of the project due to the need for additional investment in the total cost of construction. Moreover, the production of white cement usually requires 40% more energy than the normal production of gray cement, and white cement is more expensive than gray cement. Such high costs will impede the growth of the global white cement market, which will affect the growth of the market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period (2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

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

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the concrete and cement market between 2023 and 2027
• Precise estimation of the size of the concrete and cement market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the concrete and cement market industry across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of concrete and cement market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global concrete and cement market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global concrete and cement market 2017 - 2021 ($ billion)

• 4.2 By Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – By Product Segment 2017 - 2021 ($ billion)

• 4.3 By End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – By End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Cement - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cement - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Cement - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Cement - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cement - Year-over-year growth 2022-2027 (%)

• 6.4 Concrete - Market size and forecast 2022-2027
• Exhibit 38: Chart on Concrete - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Concrete - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Concrete - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Concrete - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Residential - Market size and forecast 2022-2027
• Exhibit 47: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.4 Non-residential - Market size and forecast 2022-2027
• Exhibit 51: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 55: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027
• Exhibit 85: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Russia - Market size and forecast 2022-2027
• Exhibit 93: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.12 Indonesia - Market size and forecast 2022-2027
• Exhibit 97: Chart on Indonesia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Indonesia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Indonesia - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Indonesia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Adani Group 
• Exhibit 108: Adani Group - Overview
• Exhibit 109: Adani Group - Business segments
• Exhibit 110: Adani Group - Key offerings
• Exhibit 111: Adani Group - Segment focus

• 12.4 Adelaide Brighton Ltd. 
• Exhibit 112: Adelaide Brighton Ltd. - Overview
• Exhibit 113: Adelaide Brighton Ltd. - Product / Service
• Exhibit 114: Adelaide Brighton Ltd. - Key offerings

• 12.5 Cementir Holding NV 
• Exhibit 115: Cementir Holding NV - Overview
• Exhibit 116: Cementir Holding NV - Business segments
• Exhibit 117: Cementir Holding NV - Key news
• Exhibit 118: Cementir Holding NV - Key offerings
• Exhibit 119: Cementir Holding NV - Segment focus

• 12.6 CEMEX SAB de CV 
• Exhibit 120: CEMEX SAB de CV - Overview
• Exhibit 121: CEMEX SAB de CV - Business segments
• Exhibit 122: CEMEX SAB de CV - Key news
• Exhibit 123: CEMEX SAB de CV - Key offerings
• Exhibit 124: CEMEX SAB de CV - Segment focus

• 12.7 China National Building Material Co. Ltd.
• Exhibit 125: China National Building Material Co. Ltd. - Overview
• Exhibit 126: China National Building Material Co. Ltd. - Product / Service
• Exhibit 127: China National Building Material Co. Ltd. - Key offerings

• 12.8 CRH Plc 
• Exhibit 128: CRH Plc - Overview
• Exhibit 129: CRH Plc - Business segments
• Exhibit 130: CRH Plc - Key news
• Exhibit 131: CRH Plc - Key offerings
• Exhibit 132: CRH Plc - Segment focus

• 12.9 Fletcher Building Ltd. 
• Exhibit 133: Fletcher Building Ltd. - Overview
• Exhibit 134: Fletcher Building Ltd. - Business segments
• Exhibit 135: Fletcher Building Ltd. - Key news
• Exhibit 136: Fletcher Building Ltd. - Key offerings
• Exhibit 137: Fletcher Building Ltd. - Segment focus

• 12.10 HeidelbergCement AG 
• Exhibit 138: HeidelbergCement AG - Overview
• Exhibit 139: HeidelbergCement AG - Business segments
• Exhibit 140: HeidelbergCement AG - Key offerings
• Exhibit 141: HeidelbergCement AG - Segment focus

• 12.11 Holcim Ltd. 
• Exhibit 142: Holcim Ltd. - Overview
• Exhibit 143: Holcim Ltd. - Business segments
• Exhibit 144: Holcim Ltd. - Key offerings
• Exhibit 145: Holcim Ltd. - Segment focus

• 12.12 JK Cement Ltd 
• Exhibit 146: JK Cement Ltd - Overview
• Exhibit 147: JK Cement Ltd - Business segments
• Exhibit 148: JK Cement Ltd - Key offerings
• Exhibit 149: JK Cement Ltd - Segment focus

• 12.13 NIPPON STEEL CEMENT Co Ltd 
• Exhibit 150: NIPPON STEEL CEMENT Co Ltd - Overview
• Exhibit 151: NIPPON STEEL CEMENT Co Ltd - Product / Service
• Exhibit 152: NIPPON STEEL CEMENT Co Ltd - Key offerings

• 12.14 PPC Ltd. 
• Exhibit 153: PPC Ltd. - Overview
• Exhibit 154: PPC Ltd. - Business segments
• Exhibit 155: PPC Ltd. - Key offerings
• Exhibit 156: PPC Ltd. - Segment focus

• 12.15 Sumitomo Osaka Cement Co. Ltd. 
• Exhibit 157: Sumitomo Osaka Cement Co. Ltd. - Overview
• Exhibit 158: Sumitomo Osaka Cement Co. Ltd. - Business segments
• Exhibit 159: Sumitomo Osaka Cement Co. Ltd. - Key offerings
• Exhibit 160: Sumitomo Osaka Cement Co. Ltd. - Segment focus

• 12.16 Taiheiyo Cement Corp. 
• Exhibit 161: Taiheiyo Cement Corp. - Overview
• Exhibit 162: Taiheiyo Cement Corp. - Business segments
• Exhibit 163: Taiheiyo Cement Corp. - Key offerings
• Exhibit 164: Taiheiyo Cement Corp. - Segment focus

• 12.17 UltraTech Cement Ltd. 
• Exhibit 165: UltraTech Cement Ltd. - Overview
• Exhibit 166: UltraTech Cement Ltd. - Product / Service
• Exhibit 167: UltraTech Cement Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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