Concrete Materials Market Report 2025

The concrete materials market size has grown steadily in recent years. It will grow from $312.2 billion in 2024 to $321.54 billion in 2025 at a compound annual growth rate (CAGR) of 3%. The growth in the historic period can be attributed to regulatory standards and building codes, innovations in cement formulations, adoption of reinforced concrete, environmental concerns and sustainability, advancements in mixing.

The concrete materials market size is expected to see steady growth in the next few years. It will grow to $380.36 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to global economic conditions, emerging market trends, urbanization and infrastructure development, construction industry growth, investments in R&D. Major trends in the forecast period include innovative additives and admixtures, green concrete solutions, digitalization in construction, infrastructure development, prefabrication and modular construction.

The advancement of the construction sector is anticipated to drive the growth of the concrete materials market in the near future. The construction industry encompasses the manufacturing and trade involved in building, renovating, restoring, and maintaining infrastructure. Concrete materials possess key characteristics such as high strength, durability, cost-effectiveness, inertness, and versatility, making them ideal for constructing various structures, including dams, residential and commercial buildings, roads, driveways, marine constructions, culverts, sewers, and foundations. For example, in November 2023, the Office of National Statistics, a UK-based statistical authority, reported a remarkable 15.8% increase in total new work construction output, reaching a historic value of £132.98 billion in 2023. Additionally, in 2022, total new work rose by £18.16 billion, with private sector growth at 16.8% and public sector growth at 13.1%. Consequently, the development of the construction sector is fueling the growth of the concrete materials market.

The concrete materials market is expected to witness substantial growth due to the escalating demand in mining activities. Concrete materials utilized in mining operations offer crucial attributes such as fire resistance, abrasion resistance, versatility, and noise reduction. These properties contribute to the efficiency, safety, and sustainability of mining processes. Notably, in 2022, U.S. mines produced non-fuel mineral products valued at approximately $98.2 billion, reflecting a growth of $3.6 billion compared to the revised total of $94.6 billion in 2021. The increasing demand for minerals and metals, with an estimated requirement of over 3 billion tons, underscores the pivotal role of concrete materials in meeting the needs of the thriving mining sector.

A key trend shaping the concrete materials market is product innovation, with major companies actively developing innovative solutions to bolster their market positions. An exemplar of this trend is Associated Cement Companies Limited, an Indian cement industry player, introducing 'Bagcrete' in May 2023. Bagcrete represents a pre-blended concrete solution designed for simplicity and hassle-free application across various construction requirements. The product's unique composition ensures a stronger and more durable concrete mix, striking a proportionate balance of premium components for uniform quality. Available in both dry-mix and wet-mix forms, Bagcrete offers versatility in construction applications. The wet-mix variant is pre-mixed and immediately usable, while the dry-mix version can be utilized with the addition of water. This innovation is particularly advantageous in locations with limited water sources or where traditional concrete mixing processes pose challenges, catering to construction projects demanding a swift and efficient application method.

Leading companies in the concrete materials market are prioritizing the development of high-performance technologies, such as concrete recycling technology, to enhance revenues in the industry. Concrete recycling technology facilitates the transformation of concrete waste into reusable materials, minimizing landfill impact and promoting sustainability within the construction sector. For example, in July 2024, Heidelberg Materials, a US-based software firm, unveiled new concrete recycling technology aimed at mitigating the environmental effects of concrete production, which significantly contributes to global CO₂ emissions. One innovative method involves utilizing electric arc furnaces (EAFs), typically used in steel recycling, to recycle cement. Researchers from the University of Cambridge have developed a technique where recycled cement substitutes lime flux in the EAF process, enabling large-scale production of green concrete. This approach not only diminishes the carbon footprint associated with cement production but also seeks to achieve net-zero emissions when powered by renewable energy.

In April 2024, Martin Marietta Materials, Inc., a US-based supplier of construction materials, acquired the aggregates operations from affiliates of Blue Water Industries LLC for an undisclosed amount. The purpose of this acquisition is to expand Martin Marietta's geographic footprint in key growth markets, enhance its product mix and margin profile, and bolster its capacity for future growth by acquiring approximately 1 billion tons of proven high-quality reserves. Blue Water Industries LLC is a US-based manufacturing company that focuses on producing and supplying construction materials.

Major companies operating in the concrete materials market include CEMEX S.A.B. de C.V., CRH plc, HeidelbergCement AG, LafargeHolcim Group, Shay Murtagh Precast, Weckenmann Anlagentechnik GmbH & Co. KG, Laing O'Rourke PPC Ltd., Forterra plc, Cementir Holding S.p.A., Vicat SA, Adelaide Brighton Limited, Broco Aerated Concrete Industry PT, JSW Cement Ltd., R.W. Sidley Inc., Saint-Gobain, QUIKRETE Holdings Inc., Xella Group, ACC Limited, UltraTech Cement Limited, Buzzi Unicem S.p.A., China National Building Material Company Limited, Sumitomo Osaka Cement Co. Ltd., Martin Marietta Materials Inc., Vulcan Materials Company, A & A Concrete Supply, National Cement Company, Oldcastle Inc., Eagle Materials Inc, Titan Cement Company Inc, Taiheiyo Cement Corporation.

Asia-Pacific was the largest region in the concrete materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the concrete materials market report during the forecast period. The regions covered in the concrete materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the concrete materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Concrete materials encompass the fundamental constituents forming the concrete mix. Through the amalgamation of cement and water, these materials solidify, binding the aggregates to create a durable, rock-such as structure.

The primary categories of concrete materials include ready-mix concrete, precast products, and precast elements. Ready-mix concrete is manufactured and cured in a centralized facility before distribution. It finds application in diverse sectors such as road construction, tunnels, residential and non-residential buildings, infrastructure such as dams and power plants, mining operations, and more.

The concrete materials market research report is one of a series of new reports that provides concrete materials market statistics, including concrete materials industry global market size, regional shares, competitors with a concrete materials market share, detailed concrete materials market segments, market trends and opportunities, and any further data you may need to thrive in the concrete materials industry. This concrete materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The concrete materials market consists of sales of normal strength concrete, plain or ordinary concrete, prestressed concrete, volumetric concrete, polymer concrete, smart concrete, and asphalt concrete. 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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