The global concrete market size was valued at USD 1.82 billion in 2024 and is projected to reach USD 2.28 billion by 2030, growing at a CAGR of 3.8% from 2025 to 2030. Growth is primarily fueled by rapid urbanization, industrialization in developing economies, and heavy government investment in public infrastructure and affordable housing initiatives.Concrete remains indispensable to construction due to its strength, durability, and cost-efficiency, ensuring sustained demand across residential, commercial, and industrial sectors.
Drivers of Growth
Urbanization & Infrastructure Development
Governments worldwide are prioritizing infrastructure upgrades and smart city projects. This, combined with the rise of high-rise buildings and energy-efficient structures, is driving demand for advanced concrete types such as ready-mix, precast, and high-strength concrete.
Resilient & High-Performance Materials
Growing emphasis on resilience in construction, particularly in areas prone to natural disasters and climate variability, is boosting the adoption of specialized concrete solutions that ensure structural integrity and long-term durability.
Sustainability & Green Concrete
Environmental concerns and stricter carbon emission regulations are accelerating the use of eco-friendly concrete formulations. Incorporating fly ash, slag, silica fume, and other supplementary materials not only reduces environmental impact but also enhances performance. Innovations such as carbon capture technologies and low-emission cement production are further reshaping the industry toward sustainability.
Key Market Trends & Insights
Asia Pacific dominated the global market, accounting for 38.8% of revenue in 2024.
By application, the structural components segment led with a 41.7% share in 2024.
By end use, the residential sector accounted for 38.4% share in 2024.
Download a free sample PDF of the Concrete Market Intelligence Study, published by Grand View Research.
Market Performance
2024 Market Size: USD 1.82 Billion
2030 Projected Market Size: USD 2.28 Billion
CAGR (2025–2030): 3.8%
Asia Pacific: Largest market in 2024
Competitive Landscape
The concrete industry is fragmented yet highly competitive, with global leaders and regional players investing in sustainable product development and performance-driven solutions.
CEMEX S.A.B. de C.V. – A global leader in building materials, offering innovative solutions such as VIALOW, a low-temperature concrete that reduces carbon emissions and allows for quicker road reopening post-construction.
China Petroleum & Chemical Corporation (Sinopec) – Supplies concrete solutions widely used in road construction and maintenance, with products tailored for varying climatic and traffic conditions.
ExxonMobil – Produces specialized performance concretes (e.g., PG 46-34) through refined crude processes, ensuring quality for paving and industrial applications.
Marathon Petroleum Corporation – The largest U.S. producer of concrete materials, with a broad portfolio of polymer-modified concretes, emulsified concretes, and industrial-grade concretes, distributed nationwide.
Key Companies
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
Wells Concrete