Cement and Concrete Products Market Report 2026

The cement and concrete products market size has grown steadily in recent years. It will grow from $402.87 billion in 2025 to $419.29 billion in 2026 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to growth of residential and commercial construction, expansion of urban infrastructure projects, availability of raw materials for cement production, rising demand for affordable housing, increased use of concrete pipes and blocks.

The cement and concrete products market size is expected to see steady growth in the next few years. It will grow to $508.03 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing focus on sustainable and low-carbon cement, rising investments in smart cities and infrastructure, growth in precast and modular construction, demand for high-performance concrete products, technological advancements in cement manufacturing. Major trends in the forecast period include rising demand for ready-mix and precast concrete, growing adoption of high-strength and lightweight concrete, increasing use of specialized cement types, expansion of infrastructure and urban construction projects, rising preference for durable and cost-effective building materials.

Government initiatives aimed at making housing more affordable, particularly for low-income families, are indeed driving demand for cement and concrete. These programs often provide funds and subsidies that enable individuals to access low-interest loans for home construction, significantly impacting the construction industry. For example, as highlighted by the Center for American Progress in September 2024, the U.S. Treasury Department allocates approximately $13.5 billion annually to the Low-Income Housing Tax Credit (LIHTC) program. Additionally, the U.S. Department of Housing and Urban Development (HUD) provides $3.2 billion in grants through the Public Housing Capital Fund for repairs and rehabilitation of public housing. These financial supports not only encourage new housing developments but also drive up the need for construction materials like cement and concrete. As governments continue to prioritize affordable housing solutions, the cement and concrete products market is expected to see sustained growth.

The increasing pace of urbanization is anticipated to support the expansion of the cement and concrete products market in the coming years. Urbanization is the process through which a rising share of a country’s or region’s population relocates from rural locations to cities or urban centers, leading to the expansion and development of urban areas. This process involves large-scale migration from rural regions to cities. Such population movement drives greater demand for housing, commercial spaces, infrastructure, and public amenities. Cement and concrete serve as essential construction materials for residential buildings, high-rise structures, roads, bridges, and other forms of urban infrastructure. For example, in March 2025, according to Our World in Data, a UK-based organization, it is estimated that by 2050, nearly 7 out of every 10 people worldwide will reside in urban areas. Additionally, by 2050, only a limited number of countries are expected to have a higher rural population share than urban. Therefore, the rising trend of urbanization is contributing significantly to the growth of the cement and concrete products market.

Major companies operating in the cement and concrete products market are prioritizing sustainable advancements, including the development of carbon-neutral cement brands that integrate carbon capture and storage (CCS) technology to lower environmental impact and meet increasingly strict emissions regulations. CCS-based carbon-neutral cement captures CO₂ released during the cement manufacturing process and securely stores it, enabling the finished product to reach net-zero lifecycle emissions while preserving traditional performance standards. For example, in November 2023, Heidelberg Materials AG, a Germany-based multinational building materials company, introduced evoZero, a carbon-neutral cement brand manufactured using CCS at sites such as its Brevik plant. The product performs comparably to conventional cement in terms of mixing, setting, and strength development, allowing contractors to adopt it without modifying existing construction methods, while delivering verified carbon neutrality through large-scale CCS implementation and validated carbon accounting.

Major companies operating in the cement and concrete products market report are CRH plc, Titan Cement Group International, China National Building Material Group Co.Ltd., LafargeHolcim Ltd., Anhui Conch Cement Company Limited, Siam Cement Public Company Limited, Cemex SAB de CV, Grasim Industries Limited, UltraTech Cement Limited, Taiheiyo Cement Corporation., Sinoma International Engineering Co. Ltd., Buzzi Unicem SpA, China Resources Cement Group Limited, Dangote Cement plc, Ambuja Cements Limited, Taiwan Cement Corporation, Heidelberg Cement AG, Dalmia Bharat Ltd., JK Cement Ltd., The India Cements Limited, Cementir Holding N.V., Orient Cement Ltd., Birla Corporation Limited, Ramco Group, Votorantim S.A., Eurocement Group, Nippon Cement Co. Ltd., Shuangma Cement Holding Group, Jidong Cement Company Limited, Binani Industries Ltd.

Asia-Pacific was the largest region in the cement and concrete products market in 2025. Western Europe was the second-largest region in the cement and concrete products market. The regions covered in the cement and concrete products market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cement and concrete products market are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The cement and concrete products market consists of sales of bridge girders, structural components, and wall panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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