Press release
Concrete Market Opportunity Analysis, Competitor Landscape, Growth, Trends & Forecast 2021-2030
Concrete Market
Construction of all infrastructures need concrete for building purpose. Concrete can be in the form of ready-mix concrete or precast products & elements. Revenue generated by sales of these products represents the market size of the concrete market.
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Leading Players:
The major players profiled in the concrete market include CEMEX, S.A.B. de C.V., CRH, Forterra, Heidelbergcement AG, Holcim, Shay Murtagh Precast Ltd, Sika AG, Votorantim S.A., Weckenmann Anlagentechnik GmbH & Co. KG, and Wells Concrete. Major companies in the market have adopted strategies such as business expansion, acquisition, product launch, and collaboration to offer better products and services to customers in the concrete market.
Increase in government expenditures for development and reconstruction & repair of infrastructures in various countries leads to increase in demand for ready-mix concrete and precast products & elements. In addition, ready-mix concrete and precast products reduce construction time, which, in turn, saves project cost and timeline. Moreover, these products are cost effective and reduce wastage of raw material.
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Covid-19 Scenario:
The outbreak of covid-19 immensely impacted the construction sector, which in turn hampered concrete market.
The manufacturing facilities and supply chain management equally suffered through the consequences of lockdown regulations.
Nevertheless, the government bodies have initiated to relax the restrictions. Also, the nations have started vaccination drives all over. With these factors on board, the industry is estimated to recoup soon.
Key Findings Of The Study
By concrete type, the ready-mix concrete segment was the highest revenue contributor in 2020.
By application, the reinforced concrete segment was the highest revenue contributor in 2020.
By end-user industry, the residential buildings segment was the highest revenue contributor in 2020.
By region, Asia-Pacific generated the highest revenue in 2020.
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