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(MoneyNewsWire.Net, July 25, 2018 ) 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.
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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.
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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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