Concrete Market Size to Grow by USD 67.09 bn | Increased Demand for Stamped Concrete for Flooring Applications to Drive Growth | Technavio

NEW YORK, Nov. 30, 2021 /PRNewswire/ -- The increased demand for stamped concrete for flooring applications, increase in the demand for decorative concrete for non-residential construction, and expansion of the construction industry will offer immense growth opportunities in the concrete market during the forecast period. However, factors such as volatility in raw materials prices may threaten the growth of the market.

Attractive Opportunities in Concrete Market by Type and Geography - Forecast and Analysis 2021-2025

Read our Sample Report to explore growth opportunities in the concrete market.

The concrete market is set to grow by USD 67.09 bn between 2020 and 2025 and register a CAGR of 2.92%, according to Technavio's latest market research report estimates. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report also covers the following areas:

  • Concrete Market size
  • Concrete Market trends
  • Concrete Market industry analysis

Concrete Market 2021-2025: Segmentation

  • Type
    • Ready-mix Concrete
    • Precast Elements
    • Precast Products
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

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Concrete Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the concrete market include Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., CRH Plc, Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC Ltd., and Sumitomo Osaka Cement Co. Ltd. Backed with competitive intelligence and benchmarking, our research report on the concrete market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Concrete Market 2021-2025: Regional Analysis

Technavio provides a thorough analysis of the geographical composition of the market. It also offers competitive intelligence and regional opportunities for vendors. According to our analysis, the concrete market is expected to be dominated by APAC during the forecast period, with 43% of the market's growth. The key countries for the concrete market in APAC are China and India. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The increase in the demand for decorative concrete for non-residential construction will drive the concrete market growth in APAC during the forecast period.

Concrete Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist concrete market growth during the next five years
  • Estimation of the concrete market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the concrete market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of concrete market vendors

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Concrete Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.92%

Market growth 2021-2025

USD 67.09 billion

Market structure

Fragmented

YoY growth (%)

2.00

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

China, US, Germany, India, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adelaide Brighton Ltd., Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., CRH Plc, Fujairah Cement Industries PJSC, HeidelbergCement AG, LafargeHolcim Ltd., PPC Ltd., and Sumitomo Osaka Cement Co. Ltd.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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