The global cement and concrete products market size is expected to grow from $326.6 billion in 2021 to $360.11 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The global cement and concrete product market size is expected to grow to $510.66 billion in 2026 at a CAGR of 9.1%.
What is the Global Cement And Concrete Products Market?
The cement and concrete products market consists of sales of cement and concrete products and related services by entities (organizations, sole traders, and partnerships) that manufacture cement and concrete products such as concrete pipes, bricks, and paving blocks.
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What drives the Global Cement And Concrete Products Market?
Governments globally launched initiatives to provide funds and subsidies to make housing affordable, especially for low-income families, which drove the demand for cement and concrete. These subsidies allowed customers to borrow money at low-interest rates to invest in new houses. The government of Australia, for example, provides a grant of $15,000 through the ‘First Home Owners Grant’ scheme for the purchase or construction of homes by first-time buyers. The Indian Government launched the “Housing for All by 2022” mission which provides grants for slum rehabilitation and construction of new houses. Such government initiatives encouraged people to construct new houses and drive growth in the housing market increasing the demand for cement in the historic period.
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Global Cement And Concrete Products Market Segments
The global cement and concrete products market is segmented:
By Type: Cement, Ready-Mix Concrete, Concrete Pipe, Brick, and Block, Others
By Product: Rapid Hardening Cement, Low Heat Cement, White Cement, Hydrophobic Cement, Others (Colored Cement, Portland Pozzolana Cement)
By Application: Residential, Non-Residential
By Geography: The regions covered in the cement and concrete products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Cement And Concrete Products Global Market Report 2022provides market size and growth forecasts for the global cement and concrete products market, global cement and concrete products market share, cement and concrete products market segments and geographies, cement and concrete products market competitive landscape including leading competitors’ revenues, profiles and market shares. The cement and concrete products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Cement And Concrete Products Industry Playersinclude China National Building Material Group Co.Ltd, LafargeHolcimLtd, HeidelbergCement AG, Anhui Conch Cement Company Limited, CRH plc, Votorantim S.A, Cemex SAB de CV, UltraTech Cement Limited, Grasim Industries Limited, and Taiheiyo Cement Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
