Cement and concrete product
manufacturing establishments are primarily engaged in manufacturing Portland,
natural, masonry, pozzolanic and other hydraulic cements. It also includes
ready-mix concrete manufacturing, concrete block and brick manufacturing,
concrete pipe manufacturing, and other concrete product manufacturing. Cement
is used in construction of buildings, bridges, dams, water tanks, roads,
acid-resistant structure.
The market was valued at $746
billion in 2017. Technological
advances and new product developments at competitive prices are driving the
market.
Asia-
Pacific was the largest geographic region in the cement and concrete product
manufacturing market in 2017, accounting
for more than half of the global market share.
The cement and concrete product manufacturing
is split into segments: cement manufacturing; ready-mix
concrete manufacturing; concrete pipe, brick, and block manufacturing; and other
concrete product manufacturing.
China was the biggest country in
the cement and concrete product manufacturing market
in 2017, accounting for one-third of market share. China was followed by
the U.S.A. as the next largest country in the market.
The top five competitors in the
market are Lafarge, CRH Plc, Cemex, China Resources, and Companhia Siderurgica
Nacional. CRH plc, through its
subsidiaries, manufactures and distributes building materials. The company
operates through seven segments: Europe Heavy side, Europe Light side, Europe
Distribution, Americas Materials, Americas Products, Americas Distribution, and
Asia. The company manufactures and supplies cement, aggregates, ready-mixed and
precast concrete, concrete landscaping, and asphalt products; and construction
accessories, shutters and awnings, and fencing and composite access
chambers.
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