Product Code: 28011
Global Concrete Market was valued at USD 65.21 billion in 2024 and is expected to reach USD 119.45 billion by 2030 with a CAGR of 10.45% during the forecast period. 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.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 65.21 Billion |
Market Size 2030 | USD 119.45 Billion |
CAGR 2025-2030 | 10.45% |
Fastest Growing Segment | Precast Products |
Largest Market | North America |
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 presents in the Global Concrete Market.
Available Customizations:
Global Concrete Market report with the given Market data, Tech Sci Research 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).
Table of Contents
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
- 5.2. 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
- 6.2. 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
- 6.3.1.2. 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
- 6.3.2.2. 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
- 6.3.3.2. 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
- 7.2. 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
- 7.3.1.2. 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
- 7.3.2.2. 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
- 7.3.3.2. 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
- 7.3.4.2. 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
- 7.3.5.2. 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
- 8.2. 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
- 8.3.1.2. 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
- 8.3.2.2. 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
- 8.3.3.2. 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
- 8.3.4.2. 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
- 8.3.5.2. 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
- 9.2. 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
- 9.3.1.2. 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
- 9.3.2.2. 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
- 9.3.3.2. 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
- 10.2. 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
- 10.3.1.2. 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
- 10.3.2.2. 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
- 10.3.3.2. 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
- 10.3.4.2. 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
- 10.3.5.2. 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 Recommendations
15. About Us & Disclaimer