Concrete materials market seen topping $374B by 2030

The Business Research Company says the global concrete materials market will pass $374 billion by 2030, led by Asia-Pacific growth and rising demand for ready-mix concrete. The report also points to a fragmented competitive field, with Holcim holding the largest share in 2025.

Why it matters: - The concrete materials market sits at the center of construction, infrastructure and housing demand worldwide. - The market’s projected rise to more than $374 billion by 2030 signals continued spending on roads, buildings, transit and public works. - Sustainability pressure is also reshaping product demand, with low-carbon concrete, recycled inputs and cleaner production methods gaining share.

What happened: - The Business Research Company released its Concrete Materials Global Market Report 2026, covering market size, trends and forecast for 2026-2035. - The report projects the concrete materials market will surpass $374 billion by 2030. - The broader Cement And Concrete Products market is expected to reach about $504 billion by 2030. - The parent Metal And Mineral industry is projected at nearly $9.9 trillion by 2030. - The concrete materials market is forecast to grow at a 3% compound annual rate through 2030. - Asia-Pacific is expected to be the largest regional market by 2030 at $151 billion, up from $130 billion in 2025. - China is projected to remain the largest country market, reaching $78 billion by 2030 from $69 billion in 2025.

The details: - Ready-mix concrete is projected to hold about 76% of the market in 2030, or $284 billion. - Ready-mix demand is supported by factory production, more consistent quality, faster delivery and wider use in large infrastructure and commercial projects. - The market is segmented by concrete type, application and end-user industry. - Applications include reinforced and non-reinforced concrete. - End users include roads and highways, tunnels, residential and non-residential buildings, dams and power plants, mining and other sectors. - Construction and infrastructure development are driving demand through urbanization, population growth, housing investment, transport buildout and public infrastructure spending. - Modernization of aging infrastructure and smart city projects are adding to consumption of cement, aggregates, ready-mix and precast products. - Sustainable concrete is gaining ground through supplementary cementitious materials, recycled aggregates and carbon-reduction technologies. - Green building initiatives and stricter environmental codes are accelerating adoption of lower-carbon formulations. - Advanced concrete products such as self-compacting, fiber-reinforced and ultra-high-performance mixes are being used to improve speed, quality and durability. - Automated batching and newer production methods are improving consistency and efficiency. - Ready-mix concrete and precast products are expected to add more than $58 billion in value by 2030, including $44 billion from ready-mix concrete.

Between the lines: - The market is moderately fragmented, with the top 10 firms accounting for 24% of revenues in 2025. - Holcim Ltd. led global sales in 2025 with a 5% market share, according to The Business Research Company. - Competitive advantage is increasingly tied to low-carbon products, regulatory compliance, scale and technology, not just raw production volume. - The report’s company list shows a mix of global cement majors, regional producers and specialized materials firms, underscoring a broad and competitive supply base. - Heidelberg Materials unveiled a concrete recycling process in July 2024 that reduces the environmental footprint of cement production and supports large-scale green concrete manufacturing powered by renewable energy.

What's next: - The report expects infrastructure investment, housing demand and urban development to keep volume growth steady through 2030. - Manufacturers are likely to keep investing in sustainable concrete, advanced admixtures and recycling technologies. - Ready-mix and precast segments appear positioned to capture the clearest growth opportunities as modular and prefabricated construction expands. - The Business Research Company said its 2026 market reports include new analytical features such as market attractiveness scoring, TAM analysis, company scoring matrices, Excel-based forecasting dashboards, market hotspots infographics and updated graphics and tables.

The bottom line: - Concrete materials remain a large, steady-growth market, with Asia-Pacific, China and ready-mix concrete doing most of the heavy lifting while sustainability becomes a bigger competitive edge.