Concrete Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image

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Concrete Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Report
180 Pages
March 2025
Region: Global
TechSci Research
ID: 6061019

The Concrete Market was valued at USD 65.21 Billion in 2024, and is expected to reach USD 119.45 Billion by 2030, rising at a CAGR of 10.45%. The concrete market encompasses the global production, distribution, and application of concrete, a fundamental construction material composed of cement, aggregates, water, and additives. As a primary building material, concrete is widely used in infrastructure, residential, commercial, and industrial construction due to its durability, strength, and versatility. The market is driven by rapid urbanization, population growth, and increasing infrastructure investments, including roads, bridges, tunnels, airports, and smart city developments. Governments worldwide are allocating substantial budgets to modernize aging infrastructure, further fueling demand. Additionally, the expansion of the real estate sector, particularly in emerging economies, is boosting concrete consumption for housing and commercial spaces.

Key Market Drivers

Rapid Urbanization and Infrastructure Development

The global concrete market is experiencing significant growth due to rapid urbanization and large-scale infrastructure development worldwide. As populations expand, particularly in emerging economies, the demand for residential, commercial, and industrial construction is rising. Governments are investing heavily in modern infrastructure projects, including roads, bridges, airports, and railways, all of which require massive quantities of concrete. Urban centers are evolving into megacities, requiring durable and cost-effective building materials to support high-rise construction and transportation networks. The development of smart cities and sustainable urban planning initiatives further fuels the demand for high-performance concrete that offers longevity and structural integrity.

Key Market Challenges

Environmental Impact and Sustainability Concerns

The concrete market faces a significant challenge in addressing its environmental impact, particularly due to high carbon emissions associated with cement production, a key component of concrete. Cement manufacturing accounts for nearly 8% of global CO₂ emissions, making sustainability a critical issue for the industry. The production process involves the calcination of limestone at high temperatures, which releases substantial carbon dioxide. Additionally, the extraction of raw materials such as sand, gravel, and limestone contributes to habitat destruction, resource depletion, and environmental degradation. Governments worldwide are imposing stringent regulations on carbon emissions, forcing concrete manufacturers to adopt greener alternatives and invest in sustainable practices. However, the transition to low-carbon concrete solutions, such as carbon capture technologies, alternative binders, and supplementary cementitious materials (SCMs) like fly ash and slag, presents challenges in terms of cost, scalability, and performance consistency.

Key Market Trends

Growing Demand for Sustainable and Green Concrete

The concrete market is experiencing a significant shift towards sustainable and eco-friendly solutions, driven by increasing environmental concerns, stringent government regulations, and the rising adoption of green building practices. Traditional concrete production is highly energy-intensive and contributes substantially to global carbon emissions, leading to a growing demand for alternatives such as green concrete, which incorporates recycled materials, industrial byproducts, and carbon-capturing technologies. Innovations such as geopolymer concrete, which replaces traditional Portland cement with industrial waste materials like fly ash and slag, are gaining traction due to their lower carbon footprint and enhanced durability. Additionally, advancements in carbon sequestration techniques are enabling the development of carbon-negative concrete, where CO₂ emissions are captured and injected into the concrete mixture, improving strength while reducing environmental impact.

Key Market Players

CEMEX S.A.B. de C.V.
M. I. Cement Factory Limited.
ACC Limited
UltraTech Cement Ltd.
LafargeHolcim
Buzzi Unicem SpA
R. W. Sidley, Inc.
HEIDELBERGCEMENT AG
Italcementi Group
Hanson Cement Ltd.

Report Scope:

In this report, the Global Concrete Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Concrete Market, By Concrete Type:

Ready-mix Concrete
Precast Products
Precast Elements

Concrete Market, By Application:

Reinforced Concrete
Non-reinforced Concrete

Concrete Market, By End-User industry:

Roads & Highways
Tunnels
Residential Buildings
Non-Residential Buildings
Dams & Power Plants
Mining
Others

Concrete Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Concrete Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

Detailed analysis and profiling of additional Market players (up to five).

This product will be delivered within 1-3 business days.

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Concrete Market Outlook

5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Concrete Type (Ready-mix Concrete, Precast Products, Precast Elements)
5.2.2. By Application (Reinforced Concrete, Non-reinforced Concrete)
5.2.3. By End-User industry (Roads & Highways, Tunnels, Residential Buildings, Non-Residential Buildings, Dams & Power Plants, Mining, Others)
5.2.4. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Concrete Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Concrete Type
6.2.2. By Application
6.2.3. By End-User industry
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Concrete Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Concrete Type
6.3.1.2.2. By Application
6.3.1.2.3. By End-User industry
6.3.2. Canada Concrete Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Concrete Type
6.3.2.2.2. By Application
6.3.2.2.3. By End-User industry
6.3.3. Mexico Concrete Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Concrete Type
6.3.3.2.2. By Application
6.3.3.2.3. By End-User industry

7. Europe Concrete Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Concrete Type
7.2.2. By Application
7.2.3. By End-User industry
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Concrete Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Concrete Type
7.3.1.2.2. By Application
7.3.1.2.3. By End-User industry
7.3.2. United Kingdom Concrete Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Concrete Type
7.3.2.2.2. By Application
7.3.2.2.3. By End-User industry
7.3.3. Italy Concrete Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Concrete Type
7.3.3.2.2. By Application
7.3.3.2.3. By End-User industry
7.3.4. France Concrete Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Concrete Type
7.3.4.2.2. By Application
7.3.4.2.3. By End-User industry
7.3.5. Spain Concrete Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Concrete Type
7.3.5.2.2. By Application
7.3.5.2.3. By End-User industry

8. Asia-Pacific Concrete Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Concrete Type
8.2.2. By Application
8.2.3. By End-User industry
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Concrete Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Concrete Type
8.3.1.2.2. By Application
8.3.1.2.3. By End-User industry
8.3.2. India Concrete Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Concrete Type
8.3.2.2.2. By Application
8.3.2.2.3. By End-User industry
8.3.3. Japan Concrete Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Concrete Type
8.3.3.2.2. By Application
8.3.3.2.3. By End-User industry
8.3.4. South Korea Concrete Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Concrete Type
8.3.4.2.2. By Application
8.3.4.2.3. By End-User industry
8.3.5. Australia Concrete Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Concrete Type
8.3.5.2.2. By Application
8.3.5.2.3. By End-User industry

9. South America Concrete Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Concrete Type
9.2.2. By Application
9.2.3. By End-User industry
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Concrete Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Concrete Type
9.3.1.2.2. By Application
9.3.1.2.3. By End-User industry
9.3.2. Argentina Concrete Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Concrete Type
9.3.2.2.2. By Application
9.3.2.2.3. By End-User industry
9.3.3. Colombia Concrete Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Concrete Type
9.3.3.2.2. By Application
9.3.3.2.3. By End-User industry

10. Middle East and Africa Concrete Market Outlook

10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Concrete Type
10.2.2. By Application
10.2.3. By End-User industry
10.2.4. By Country
10.3. Middle East and Africa: Country Analysis
10.3.1. South Africa Concrete Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Concrete Type
10.3.1.2.2. By Application
10.3.1.2.3. By End-User industry
10.3.2. Saudi Arabia Concrete Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Concrete Type
10.3.2.2.2. By Application
10.3.2.2.3. By End-User industry
10.3.3. UAE Concrete Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Concrete Type
10.3.3.2.2. By Application
10.3.3.2.3. By End-User industry
10.3.4. Kuwait Concrete Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Concrete Type
10.3.4.2.2. By Application
10.3.4.2.3. By End-User industry
10.3.5. Turkey Concrete Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Concrete Type
10.3.5.2.2. By Application
10.3.5.2.3. By End-User industry

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. CEMEX S.A.B. de C.V.
13.1.1. Business Overview
13.1.2. Key Revenue and Financials
13.1.3. Recent Developments
13.1.4. Key Personnel/Key Contact Person
13.1.5. Key Product/Services Offered
13.2. M. I. Cement Factory Limited.
13.3. ACC Limited
13.4. UltraTech Cement Ltd.
13.5. LafargeHolcim
13.6. Buzzi Unicem SpA
13.7. R. W. Sidley, Inc.
13.8. HEIDELBERGCEMENT AG
13.9. Italcementi Group
13.10. Hanson Cement Ltd.

14. Strategic Recommendations15. About the Publisher & Disclaimer

Companies Mentioned

CEMEX S.A.B. de C.V.
M. I. Cement Factory Limited.
ACC Limited
UltraTech Cement Ltd.
LafargeHolcim
Buzzi Unicem SpA
R. W. Sidley, Inc.
HEIDELBERGCEMENT AG
Italcementi Group
Hanson Cement Ltd.

Table Information

Report Attribute	Details
No. of Pages	180
Published	March 2025
Forecast Period	2024 - 2030
Estimated Market Value ( USD ) in 2024	$ 65.21 Billion
Forecasted Market Value ( USD ) by 2030	$ 119.45 Billion
Compound Annual Growth Rate	10.4%
Regions Covered	Global
No. of Companies Mentioned	10

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