Concrete Market is expected to Grow with a CAGR of 10.45% through 2030
The concrete market is driven
by rapid urbanization, increasing infrastructure projects, and rising demand
for sustainable construction materials. Government investments in
transportation, housing, and commercial developments further propel market
growth globally.
According to TechSci Research
report, “Concrete Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the 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 rise of 3D concrete printing is transforming the construction industry, offering new possibilities for faster, cost-efficient, and sustainable building practices. 3D printing technology enables the automated production of complex concrete structures with minimal material waste, reducing labor costs and construction time. This trend is gaining momentum as companies and governments explore innovative ways to address housing shortages, infrastructure challenges, and labor constraints. The ability of 3D concrete printing to create highly customized architectural designs, intricate facades, and prefabricated modular components is revolutionizing the way buildings are constructed. Additionally, advancements in concrete formulations specifically designed for 3D printing are improving the strength, durability, and efficiency of printed structures.
Technology is being increasingly adopted in the development of affordable housing, disaster relief shelters, and commercial buildings, providing a viable solution to rapid urbanization and the need for low-cost housing solutions. The shift toward automation in construction is further driving investment in 3D printing technologies, with major construction firms and startups collaborating to develop large-scale printing systems capable of producing multi-story buildings. Governments in various regions are supporting this trend through policy initiatives and funding research in sustainable construction methods. 3D concrete printing also aligns with the broader push toward sustainability, as it minimizes construction waste and optimizes material usage. The integration of eco-friendly binders and alternative materials such as recycled aggregates into 3D printing mixes further enhances the environmental benefits of technology. Moreover, the ability to print concrete structures on-site reduces transportation costs and emissions associated with traditional construction methods.
As technology matures and scalability improves, 3D concrete printing is expected to become a mainstream construction method, disrupting conventional building techniques and opening new avenues for architectural innovation. The combination of speed, cost-efficiency, and sustainability makes 3D concrete printing a game-changing trend in the concrete market, poised to reshape the industry in the coming years.
Browse over XX Market data
Figures spread through XX Pages and an in-depth TOC on the "Global Concrete Market.”
Based on the End-User industry, Roads & Highways segment
held the largest Market share in 2024. The concrete market in the roads and
highways segment is driven by increasing global investments in infrastructure
development, rapid urbanization, and government initiatives aimed at improving
transportation networks. The growing demand for durable and long-lasting
roadways is fueling the adoption of concrete over traditional asphalt due to
its superior strength, durability, and lower maintenance costs. Governments
worldwide are allocating significant budgets for road expansion,
rehabilitation, and modernization projects to accommodate rising traffic
volumes and enhance connectivity between urban and rural areas. Additionally,
public-private partnerships (PPPs) and foreign direct investments (FDIs) are
playing a crucial role in accelerating highway construction, further boosting
demand for concrete.
Technological advancements in concrete formulations, such
as high-performance concrete (HPC) and self-healing concrete, are enhancing
road longevity and reducing lifecycle costs, making concrete a more attractive
choice for highway projects. Furthermore, the rising focus on sustainable
construction materials has led to the increased use of green concrete, which
incorporates recycled materials such as fly ash and slag, reducing the carbon
footprint of road construction. The ability of concrete roads to withstand
extreme weather conditions, heavy traffic loads, and high temperatures without
significant deterioration makes it a preferred choice in regions prone to harsh
climates and high vehicular movement.
The surge in smart city projects and rapid urbanization in
emerging economies, particularly in Asia Pacific and the Middle East, is
further fueling the demand for concrete roads and highways. Countries such as
China, India, and the UAE are witnessing large-scale investments in
expressways, national highways, and smart road infrastructure to support
economic growth and industrial expansion. In developed regions like North
America and Europe, aging road networks require extensive rehabilitation and
resurfacing, increasing the demand for high-quality concrete materials.
Government policies emphasizing resilient and sustainable road infrastructure,
coupled with stringent regulations on emissions from construction materials,
are encouraging the adoption of concrete over less sustainable alternatives.
Moreover, innovations in construction techniques, such as
precast concrete and rapid-setting concrete, are reducing project timelines and
labor costs while improving efficiency and quality. The integration of digital
technologies, such as Building Information Modeling (BIM) and automated paving
systems, is further streamlining highway construction processes, making
concrete roads more economically viable. The rising popularity of concrete
highways in toll road projects and freight corridors, where durability and
load-bearing capacity are critical factors, is also driving market growth.
The increasing electrification of transportation and the
rise of electric vehicles (EVs) are further supporting the demand for concrete
roads, as they offer better thermal properties and efficiency for inductive
charging lanes. Additionally, the push for improved road safety standards is
leading to the development of reflective and skid-resistant concrete pavements,
enhancing visibility and reducing accident risks. As governments and private
investors continue to prioritize robust and long-lasting road infrastructure,
the demand for concrete in the roads and highways segment is expected to grow
significantly, making it a key driver in the overall concrete market.
Based on the region, Asia Pacific is the fastest-growing
region in the concrete market, driven by rapid urbanization, large-scale
infrastructure projects, and expanding industrialization. Countries such as
China, India, and Southeast Asian nations are witnessing surging demand due to
government investments in smart cities, transportation networks, and
residential developments. The region’s booming construction sector, fueled by
population growth and rising disposable incomes, is further accelerating market
expansion. Additionally, increasing adoption of advanced concrete technologies,
including high-performance and sustainable variants, is enhancing efficiency
and durability. With strong economic growth, foreign direct investments, and
supportive government policies, Asia Pacific remains a key driver of the global
concrete market.
Major companies operating in
the Global Concrete Market are:
- 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.
Download Free Sample Report
Customers can also request
10% free customization in this report.
“The Global Concrete Market
is expected to rise in the upcoming years and register a significant CAGR
during the forecast period. The concrete market is poised for substantial
growth, driven by accelerating infrastructure development, urbanization, and
the rising demand for sustainable construction materials. Government
investments in smart cities, transportation networks, and commercial real
estate are fueling market expansion. Innovations in high-performance and
eco-friendly concrete, including self-healing and carbon-neutral solutions, are
unlocking new business opportunities. Additionally, rapid industrialization and
increasing residential construction in emerging economies are strengthening
market demand. The adoption of prefabricated construction and 3D printing
technologies further enhances scalability and efficiency. With a growing
emphasis on durability, cost-effectiveness, and environmental sustainability,
the concrete market is positioned for long-term expansion and innovation. Therefore,
the Market of Concrete is expected to boost in the upcoming years.,” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Concrete
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented, By Concrete Type (Ready-mix Concrete, Precast Products, Precast
Elements), By Application (Reinforced Concrete, Non-reinforced Concrete), By
End-User industry (Roads & Highways, Tunnels, Residential Buildings,
Non-Residential Buildings, Dams & Power Plants, Mining, Others), By Region,
By Competition, 2020-2030F”,
has evaluated the future growth potential of Global Concrete Market and
provides statistics & information on the Market size, structure, and future
Market growth. The report intends to provide cutting-edge Market intelligence
and help decision-makers make sound investment decisions., The report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Concrete Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com