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World Cement and Concrete Product Market Outlook 2020-2030 - A $441.7 Billion Global Market by 2023

Research and Markets
·3-min read

Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "Cement And Concrete Product Global Market Report 2020-30: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

Asia Pacific was the largest region in the global cement and concrete product market, accounting for 36% of the market in 2019. North America was the second largest region accounting for 23% of the global cement and concrete product market. Africa was the smallest region in the global cement and concrete product market.

Cement manufacturing plants are increasingly using digital technologies such as the internet of things (IoT) to improve plant efficiencies. IoT is a network of physical devices which communicate over the internet. IoT helps in remote monitoring and predictive maintenance of a cement plant. Remote monitoring is used to oversee operations of big vehicles in the quarries and to report on key metrics such as fuel consumption per tonne and operating hours. IoT can also be used to predict potential malfunctions and maintenance needs. In cement plants, predictive maintenance can improve up-time on critical cement equipment such as grinding mills and kilns. Other applications of IoT in the cement industry include tracking and measuring the durability of concrete mixture, reporting on compliance to international standards, and connected logistics to improve quarry production. Zoomlin, a ready-mix concrete production equipment manufacturer, is actively testing data-based metrics to improve operations of vehicles used in quarries.

The cement and concrete market consists of sales of cement and concrete products and related services by entities (organizations, sole traders and partnerships) that manufacture cement and concrete products such as concrete pipes, bricks, and paving blocks. The cement and concrete products manufacturing industry includes establishments engaged in manufacturing Portland cement, natural cement, masonry cement, pozzolanic cement, ready-mix concrete, concrete blocks, bricks, and pipes and related products.

The global cement and concrete product market is expected to decline from $370.1 billion in 2019 to $328.6 billion in 2020 at a compound annual growth rate (CAGR) of -11.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12% from 2021 and reach $441.7 billion in 2023.

Scope

Markets Covered:
1) By Type: Cement; Ready-Mix Concrete; Concrete Pipe, Brick, And Block; Other Concrete Product
2) By Product: Rapid Hardening Cement; Low Heat Cement; White Cement; Hydrophobic Cement; Others (Colored Cement, Portland Pozzolana Cement)
3) By Application: Residential; Non-Residential

Companies Mentioned: LafargeHolcim Ltd; China National Building Material Company Limited; Anhui Conch Cement Company Limited; CRH Plc; HeidelbergCement AG

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, cement and concrete product indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

For more information about this report visit https://www.researchandmarkets.com/r/whfgmx

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