Learn about the global cement and concrete products market through The Business Research Company, which provides information on cement and concrete products market size, cement and concrete products market drivers and restraints, cement and concrete products market players, the COVID-19 impact on the cement and concrete products market, and more.

The global cement and concrete products market is expected to grow from $333.26 billion in 2020 to $365.58 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $481.23 billion in 2025 at a CAGR of 7%.

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.

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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. The cement and concrete products manufacturing industry includes establishments engaged in manufacturing Portland cement, natural cement, masonry cement, pozzolanic cement, ready-mix concrete, concrete blocks, bricks, and pipes and related products.

Global Cement And Concrete Products Market Segments Include:

By Type: Cement, Ready-Mix Concrete, Concrete Pipe, Brick, And Block, Other Concrete Products
By Product: Rapid Hardening Cement, Low Heat Cement, White Cement, Hydrophobic Cement, Others (Coloured Cement, Portland Pozzolana Cement)
By Application: Residential, Non-Residential

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global cement and concrete products market, accounting for 37% of the market in 2020.

Cement manufacturing plants are increasingly using digital technologies such as the internet of things (IoT) to improve plant efficiencies. IoT is a network of physical devices which communicate over the internet. IoT helps in remote monitoring and predictive maintenance of a cement plant. Remote monitoring is used to oversee operations of big vehicles in the quarries and to report on key metrics such as fuel consumption per ton and operating hours. IoT can also be used to predict potential malfunctions and maintenance needs. In cement plants, predictive maintenance can improve up-time on critical cement equipment such as grinding mills and kilns. Other applications of IoT in the cement industry include tracking and measuring the durability of concrete mixture, reporting on compliance to international standards, and connected logistics to improve quarry production. Zoomlin, a ready-mix concrete production equipment manufacturer, is actively testing data-based metrics to improve operations of vehicles used in quarries.

TBRC’s cement and concrete products market report covers:

Major Market Players: LafargeHolcim Ltd, China National Building Material Company Limited, Anhui Conch Cement Company Limited, CRH Plc, HeidelbergCement AG.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Cement And Concrete Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides cement and concrete products market overviews, analyses and forecasts market size, share, cement and concrete products market players, cement and concrete products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s cement and concrete products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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