How big is the concrete market | Industry Trends & Future Outlook

Q: What is the current size of the concrete market?

The concrete market was valued at USD 706 billion in 2024 and is projected to reach USD 890 billion by 2031.

Q: What is the growth rate of the concrete market?

The market is anticipated to grow at a CAGR of 5.30% between 2025 and 2031.

Q: Which components contribute the most to the concrete market?

Ready-mix concrete, precast concrete, and high-performance concrete are major contributors.

Q: What is driving demand in the concrete market?

Demand is driven by construction growth, infrastructure expansion, and sustainable buildng practices.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5919

Publication Date: Jul 2025

How big is the Concrete Market?

According to 6Wresearch internal database and industry insights, GLobal concrete market was valued at approximatelyUSD 706 billion in 2024 and is projected to reachUSD 890 billion by 2031, growing at aCAGR of 5.30% during the forecast period.

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The market is expanding steadily due to rapid urbanization, increasing construction activities, and rising infrastructure investments across residential, commercial, and industrial sectors.

Key Growth Drivers of the Concrete Market

Accelerating urban development and population growth
Government investments in smart cities and transportation networks
Growing demand for residential and commercial buildings
Advancements in concrete mixing and placement technologies
Shift toward sustainable and high-performance concrete solutions

Concrete Market Trends

The concrete market is witnessing significant developments driven by technological innovation and environmental priorities. Ready-mix concrete is dominating due to time efficiency and consistency, especially in large-scale construction. Precast concrete is gaining momentum in modular construction and infrastructure projects. Sustainable alternatives such as green concrete, made from recycled materials and industrial by-products, are being adopted to reduce carbon emissions. High-performance and self-compacting concretes are improving structural strength and workability in complex construction. Demand for lightweight concrete is rising in high-rise buildings to reduce structural load.

Emerging Developments in the Concrete Market

The concrete market is changing, new technologies of 3D-printed concrete, nano-engineering concrete and unusual mixes, and cement with carbon-capturing capabilities appear. Micro lotting and logistics optimization digital interfaces are boosting efficiency within the supply chain. The companies are also putting investments on setting up R&D to develop long life, weather, and energy efficient concrete solutions. The strategic alliances between building companies and material scientists are improving unique mix designs according to the specifications of the construction projects.