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Global Concrete and Cement Market by Product, End-user, and Geography - Forecast Analysis 2021-2025

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR40648
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The concrete and cement market share is expected to increase by USD 320 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.4%.

This concrete and cement market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers concrete and cement market segmentations by product (cement and concrete), end user (residential and non-residential), and geographic (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA). The concrete and cement market report also offers information on several market vendors, including Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., CRH Plc, Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd., and Sumitomo Osaka Cement Co. Ltd. among others.

What will the Concrete And Cement Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Concrete and Cement Market Size for the Forecast Period and Other Important Statistics

 

Concrete And Cement Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing global construction market is notably driving the concrete and cement market growth, although factors such as increase in overall construction cost may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the concrete and cement industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Concrete And Cement Market Driver

One of the key factors driving the concrete and cement market growth is the growing global construction market. Concrete and cement are used in construction activities, owing to their properties such as excellent compressive strength and durability, ability to reduce the amount of water required to set concrete, and high resistance to chemicals and harsh climatic conditions. APAC has the largest number of emerging economies (India, Indonesia, Malaysia, Vietnam, and the Philippines). These countries are focusing on infrastructure development. In February 2018, the Government of Malaysia announced that $322.27 million (RM1.3 billion) would be allocated for the construction of five new government projects in Langkawi island under the 11th Malaysia Plan. In Hungary, the ongoing construction projects, such as the Budapest Southern City Gate, the Hungarian State Opera House, the North K b nya Industrial Zone, and V rosliget City Park, are expected to use large volumes of concrete admixtures during the forecast period. Hence, the growth of the global construction market will increase the demand for concrete and cement during the forecast period.

Key Concrete And Cement Market Trend

Rising demand for green cement is the major trend influencing the concrete and cement market growth. The demand for green cement is accelerating the growth of alternative fuels that are derived from waste materials, such as solid recovered fuels, foundry sand, used oil, sewage sludge, animal meals, filter cakes, and fly ashes. The urgent need to cut down carbon emissions is encouraging the use of alternative fuels. The market is gaining quick movements from governments that are promoting green architecture to ensure sustainable building. The main reason for the rise in the demand for green cement in construction activities is attributed to its less water consumption. Green cement provides thermal insulation and fire resistance, which enables structures built with green cement to withstand temperatures up to 2,400°F. All such factors will increase the demand for green cement, which, in turn, will drive the growth of the global concrete and cement market during the forecast period.

Key Concrete And Cement Market Challenge

Increase in overall construction cost is one of the key challenges hindering concrete and cement market growth. Building materials such as stainless steel, hardened steel, cast iron, cement, concrete, bricks, and aggregates are widely used in construction. The cost of cement accounts for nearly 10% of the total construction cost. The cost of steel is about 9% of the total construction cost, and other materials account for nearly 27% of the total construction cost. White cement is a type of cement, which is widely used to ensure clean, colorful, consistent designs. However, white cement is more expensive than gray cement, as white cement production generally requires 40% higher energy than normal gray cement production. The operating cost of white cement is high, owing to high taxes imposed by the government and high operating costs in manufacturing sites, which increase the price of white cement. Such high costs will hamper the growth of the global white cement market, which, in turn, will impact the growth of the global concrete and cement market during the forecast period.

This concrete and cement market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global concrete and cement market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the concrete and cement market during the forecast period.

Who are the Major Concrete And Cement Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Adelaide Brighton Ltd.
  • Cementir Holding NV
  • CEMEX SAB de CV
  • China National Building Material Co. Ltd.
  • CRH Plc
  • Fujairah Cement Industries PJSC
  • HeidelbergCement AG
  • LafargeHolcim Ltd.
  • PPC South Africa Holdings Pty Ltd.
  • Sumitomo Osaka Cement Co. Ltd.

This statistical study of the concrete and cement market encompasses successful business strategies deployed by the key vendors. The concrete and cement market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Adelaide Brighton Ltd. - The company offers a high quality 25 MPa, well-proportioned mix of blended cement and 10 mm crushed stone and sand, suitable for all general concrete applications such as garden paths, concrete pavers, patios, light foundations, and post holes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The concrete and cement market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Concrete And Cement Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the concrete and cement market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Concrete And Cement Market?

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57% of the market’s growth will originate from APAC during the forecast period. China, India, Indonesia, and Vietnam are the key markets for concrete and cement in APAC. Market growth in this region will be slower than the growth of the market in MEA regions.

Increasing number of construction projects will facilitate the concrete and cement market growth in APAC over the forecast period. The concrete and cement market in APAC is driven owing to the rising number of manufacturing plants, the wide availability of raw materials and inexpensive labor, and the presence of favorable government policies for foreign direct investments (FDI). This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Amid the COVID-19 pandemic and the associated lockdowns, construction activities in many countries across APAC were halted for several weeks in 2020. This resulted in a slump in the concrete and cement market in APAC in 2020. This is expected to decrease investments by governing bodies toward major infrastructure projects in 2021, which, in turn, will hamper the demand for concrete and cement in APAC. Meanwhile, the positive growth in the economy of China led to moderate growth of the regional market in focus. Moreover, the resumption of normal activities in most of the countries across APAC and the increasing investments in the residential sector due to the decreased loan interest rates are expected to drive the demand for concrete and cement during the forecast period.

What are the Revenue-generating Product Segments in the Concrete And Cement Market?

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The concrete and cement market share growth by the cement will be significant during the forecast period. The growing number of construction activities across the world mainly increases the demand for cement.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the concrete and cement market size and actionable market insights on post COVID-19 impact on each segment.

 

Concrete And Cement Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.4%

Market growth 2021-2025

$ 320 billion

Market structure

Fragmented

YoY growth (%)

5.68

Regional analysis

APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 57%

Key consumer countries

China, India, US, Russian Federation, Indonesia, and Vietnam

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., CRH Plc, Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd., and Sumitomo Osaka Cement Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Concrete And Cement Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive concrete and cement market growth during the next five years
  • Precise estimation of the concrete and cement market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the concrete and cement industry across APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of concrete and cement market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03:Value Chain Analysis: Construction Materials Market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Cement - Market size and forecast 2020-2025
      • Exhibit 17: Cement - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Cement - Year-over-year growth 2020-2025 (%)
    • 5.4 Concrete - Market size and forecast 2020-2025
      • Exhibit 19: Concrete - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Concrete - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 22: End user - Market share 2020-2025 (%)
    • 6.2 Comparison by End-user
      • Exhibit 23: Comparison by End user
    • 6.3 Residential - Market size and forecast 2020-2025
      • Exhibit 24: Residential - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 25: Residential - Year-over-year growth 2020-2025 (%)
    • 6.4 Non-residential - Market size and forecast 2020-2025
      • Exhibit 26: Non-residential - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 27: Non-residential - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 28: Market opportunity by End-user

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 30: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 31: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 32: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 33: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 34: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 35: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 North America - Market size and forecast 2020-2025
      • Exhibit 36: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 37: North America - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 38: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 39: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 40: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 42: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 43: Market opportunity by geography

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 44: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Vendor landscape
          • Exhibit 45: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 46: Landscape disruption
        • 10.3 Industry risks
          • Exhibit 47: Industry risks
        • 10.4 Competitive scenario

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 48: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 49: Market positioning of vendors
          • 11.3 Adelaide Brighton Ltd.
            • Exhibit 50: Adelaide Brighton Ltd. - Overview
            • Exhibit 51: Adelaide Brighton Ltd. - Business segments
            • Exhibit 52: Adelaide Brighton Ltd. - Key offerings
            • Exhibit 53: Adelaide Brighton Ltd. - Segment focus
          • 11.4 Cementir Holding NV
            • Exhibit 54: Cementir Holding NV - Overview
            • Exhibit 55: Cementir Holding NV - Business segments
            • Exhibit 56: Cementir Holding NV - Key offerings
            • Exhibit 57: Cementir Holding NV - Segment focus
          • 11.5 CEMEX SAB de CV
            • Exhibit 58: CEMEX SAB de CV - Overview
            • Exhibit 59: CEMEX SAB de CV - Business segments
            • Exhibit 60: CEMEX SAB de CV - Key news
            • Exhibit 61: CEMEX SAB de CV - Key offerings
            • Exhibit 62: CEMEX SAB de CV - Segment focus
          • 11.6 China National Building Material Co. Ltd.
            • Exhibit 63: China National Building Material Co. Ltd. - Overview
            • Exhibit 64: China National Building Material Co. Ltd. - Business segments
            • Exhibit 65: China National Building Material Co. Ltd. - Key offerings
            • Exhibit 66: China National Building Material Co. Ltd. - Segment focus
          • 11.7 CRH Plc
            • Exhibit 67: CRH Plc - Overview
            • Exhibit 68: CRH Plc - Business segments
            • Exhibit 69: CRH Plc - Key news
            • Exhibit 70: CRH Plc - Key offerings
            • Exhibit 71: CRH Plc - Segment focus
          • 11.8 Fujairah Cement Industries PJSC
            • Exhibit 72: Fujairah Cement Industries PJSC - Overview
            • Exhibit 73: Fujairah Cement Industries PJSC - Product and service
            • Exhibit 74: Fujairah Cement Industries PJSC - Key offerings
          • 11.9 HeidelbergCement AG
            • Exhibit 75: HeidelbergCement AG - Overview
            • Exhibit 76: HeidelbergCement AG - Business segments
            • Exhibit 77: HeidelbergCement AG - Key news
            • Exhibit 78: HeidelbergCement AG - Key offerings
            • Exhibit 79: HeidelbergCement AG - Segment focus
          • 11.10 LafargeHolcim Ltd.
            • Exhibit 80: LafargeHolcim Ltd. - Overview
            • Exhibit 81: LafargeHolcim Ltd. - Business segments
            • Exhibit 82: LafargeHolcim Ltd. - Key news
            • Exhibit 83: LafargeHolcim Ltd. - Key offerings
            • Exhibit 84: LafargeHolcim Ltd. - Segment focus
          • 11.11 PPC South Africa Holdings Pty Ltd.
            • Exhibit 85: PPC South Africa Holdings Pty Ltd. - Overview
            • Exhibit 86: PPC South Africa Holdings Pty Ltd. - Product and service
            • Exhibit 87: PPC South Africa Holdings Pty Ltd. - Key offerings
          • 11.12 Sumitomo Osaka Cement Co. Ltd.
            • Exhibit 88: Sumitomo Osaka Cement Co. Ltd. - Overview
            • Exhibit 89: Sumitomo Osaka Cement Co. Ltd. - Business segments
            • Exhibit 90: Sumitomo Osaka Cement Co. Ltd. - Key offerings
            • Exhibit 91: Sumitomo Osaka Cement Co. Ltd. - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 92: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 93: Research Methodology
              • Exhibit 94: Validation techniques employed for market sizing
              • Exhibit 95: Information sources
            • 12.4 List of abbreviations
              • Exhibit 96: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            The concrete and cement market market growth will increase by $$ 320 bn during 2022-2025.
            The concrete and cement market market is expected to grow at a CAGR of 6.4% during 2022-2025.
            Technavio has segmented the concrete and cement market market by product (cement and concrete) ,end user (residential and non-residential) , and geographic (APAC, Europe, North America, South America, and MEA).
            Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., CRH Plc, Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC South Africa Holdings Pty Ltd., Sumitomo Osaka Cement Co. Ltd. are a few of the key vendors in the concrete and cement market market.
            APAC will register the highest growth rate of 57% among the other regions. Therefore, the concrete and cement market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • China
            • India
            • US
            • Russian Federation
            • Indonesia
            • Vietnam
            The key factors driving the concrete and cement market market growth are:
            • growing global construction market
            • rapid urbanization and rising disposable income
            The concrete and cement market market vendors should focus on grabbing business opportunities from the cement segment as it accounted for the largest market share in the base year.
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