The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The development of the construction sector is likely to stimulate innovation in the manufacturing of concrete materials, propelling the market over the forecast period.

The global concrete materials market is expected to grow from $305.72 billion in 2022 to $314.85 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. The global concrete materials market size is expected to grow to $350.29 billion in 2027 at a CAGR of 2.7%.

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Global Concrete Materials Market Segments Include:

• By Concrete Type: Ready-mix concrete, Precast products, Precast elements
• By Application: Reinforced concrete, Non-reinforced concrete
• By End-User Industry: Roads and Highways, Tunnels, Residential Buildings, Non-Residential Buildings, Dams and Power Plants, Mining, Other End-User Industries
• 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 is the largest region in the global concrete materials market in 2021.

Major Market Players in the concrete materials market include CEMEX S.A.B. de C.V., CRH Plc., Heidelbergcement AG, Holcim Group, Shay Murtagh Precast Ltd., Sika AG, Weckenmann Anlagentechnik GmbH and Co KG, Laing O Rourke PPC Ltd., Forterra Plc.

Product innovation is a significant trend that will gain popularity in the concrete materials industry in the future. To increase their market position, major businesses in the concrete materials industry are focusing on introducing novel products. For example, Cemex, a Mexico-based concrete materials maker, will launch CarbonNeutral ready-mixed concrete in February 2020. It introduces the Vertua low carbon concrete line, which includes the option to offset remaining CO2 emissions by introducing a new unique geopolymer cement solution that adheres to The CarbonNeutral Protocol.

The Concrete Materials Global Market Report 2023  provides a concrete materials market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The concrete materials market forecast analyzes concrete materials market size, concrete materials market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Concrete materials are the primary components that comprise the concrete mix. As the cement and water mix, the aggregates harden and bind together to form an impenetrable rock-like mass.

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