Global Cement/Concrete Market Outlook 2019-2022 Market Values By TBRC

Global Cement/Concrete Market Outlook 2019-2022 Market Values By TBRC

“Cement And Concrete Market By Type Of Product(Cement Manufacturing, Ready-Mix Concrete Manufacturing, Concrete Pipe, Brick, And Block Manufacturing And Other Concrete Product Manufacturing) Market Overview And Players – Global Forecast To 2022”
LafargeHolcim Was The Largest Company In The Cement And Concrete Products Market, According To TBRC’s Report (Companies: LafargeHolcim, China National Building Materials, CRH, Cemex And Heidelberg Cement)

The market for cement and concrete products manufacturing reached a value of nearly $915 billion in 2017. Asia Pacific is the largest market for cement and concrete products manufacturing companies, accounting for around 54% of the global market. China is the largest country in terms of value in the cement and concrete products market.

The cement and concrete product manufacturing industry comprises businesses that manufacture cement, concrete and related products, including concrete pipes, bricks, and paving blocks. This industry includes the manufacturing of Portland cement, natural cement, masonry cement, pozzolanic cements, ready-mix concrete, and related products.

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Cement And Concrete Products Market Size

The cement and concrete market is expected to grow at a growth rate of around 10% to nearly $652 billion by 2022.Growth in the cement and concrete market in the historic period resulted from government initiatives to boost housing, and low interest rates. Factors that negatively affected growth in the historic period are shortage of coal for cement production and high taxes on cement and concrete products. Going forward, increasing infrastructure spending, economic growth, and urbanization will drive growth.

The global cement and concrete market is highly fragmented. Players in the market include LafargeHolcim, China National Building Materials, CRH, Cemex and Heidelberg Cement.

LafargeHolcim is the largest competitor in the cement and concrete products market in 2017 with around 2.4% share of market. LafargeHolcim is a Swiss based building materials and solutions company. It manufactures cement, aggregates, ready-mix concrete, concrete, and asphalt products and also provides related services and solutions. Furthermore, this company also has a waste management business which utilizes alternative fuels to fire its kilns to reduce carbon dioxide.

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The Cement And Concrete market is  expected to grow at a CAGR of around 10% to nearly $652 billion by 2022.

Growth in the cement and concrete market in the historic period resulted from government initiatives to boost housing, and low interest rates. Factors that negatively affected growth in the historic period are shortage of coal for cement production and high taxes on cement and concrete products. Going forward, increasing infrastructure spending, economic growth, and urbanization will drive growth. Factors that could hinder the growth of this market in the future are stringent regulations on emissions from cement plants, interest rate increases and increasing trade protectionism.

Some of the major drivers of the market are:

Increasing Infrastructure Spending – Governments globally are increasingly spending on infrastructure projects to stimulate economic growth. In addition, many countries are focusing on the renovation of old infrastructure to increase efficiency and cater to the increasing population.

Economic Growth – The global economy is expected to go through a continued period of steady growth during 2018-2022.

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