Cement & Concrete Product Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/4/2021
SIC Codes: 3241, 3271, 3272, 3273
NAICS Codes: 3273
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Cement & Concrete Product Manufacturing Industry Profile

Companies in this industry manufacture cement, ready-mix concrete, and concrete products such as blocks, pipes, and bricks. Major companies include Martin Marietta, US Concrete, and Vulcan Materials (all based in the US), as well as Anhui Conch (China), Cemex (Mexico), CRH (Ireland), HeidelbergCement Group (Germany), and LafargeHolcim (Switzerland).

The global market for concrete and cement is anticipated to grow by around $330 billion during the forecast period of 2020 to 2024, according to Technavio. China, India, the US, Turkey, Vietnam, and Indonesia are the world's top producers of cement, according to Statista. China and India consume the majority of global cement output.

The US cement and concrete product manufacturing industry includes about 8,800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $58 billion.

COMPETITIVE LANDSCAPE

Demand is determined primarily by nonresidential and residential construction activity. The profitability of individual companies is strongly dependent on efficient operations, as products are commodities and companies compete chiefly on price. Large companies enjoy economies of scale in purchasing and the ability to invest in technologies that improve efficiency. Small manufacturers can compete through superior customer service and by serving small or rural markets. The US industry is fragmented: the top 50 companies account for about 45% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include ready-mix concrete, cement, concrete block, brick, and pipe, and concrete items like beams, girders, and wall panels. Ready-mix concrete ...

 
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