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    Cement & Concrete Product Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/26/2021
    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. 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. The industry includes about 190 cement manufacturing establishments, about 5,700 ready-mix concrete manufacturing establishments, and about 900 establishments that make concrete block, brick, pipe, and other concrete products.

    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% ...

     
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