$9.9bn
$XXX.Xm
14,516
122
$X.Xbn
Cement is used predominantly in concrete products, with demand from ready-mix concrete producers accounting for a large percentage of revenue. Since concrete is used heavily in construction activities, the industry is dependent on investment in infrastructure, utilities, public works and residential and nonresidential construction. Over the five years to 2024, demand has fluctuated alongside downstream residential construction activity, which boomed early on but then fell off amid interest rate hikes, causing the industry to endure an overall decline. Cement Manufacturing industry revenue has contracted at a CAGR of 1.1% over the past five years and is expected to total $9.9 billion in 2024, when revenue will jump by an estimated 1.4%. Profit has decreased over the past five years amid rising labor and purchase fees.
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $9.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Lafargeholcim | 3,734.3 | 672.0 | 18.0 | |
Cemex Sab De Cv | 2,621.2 | 326.5 | 12.5 | |
Martin Marietta Materials, Inc. | 475.3 | 133.9 | 28.2 |
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Industry revenue is measured across several distinct product and services lines, including Portland and masonry cement, Clinker cement and Other. Portland and masonry cement is the largest segment of the Cement Manufacturing in the US.
Portland and masonry cement are produced heavily by manufactures
Operators in this industry manufacture cements, including portland, natural, masonry and pozzolanic cements for use in construction. This industry does not produce lime (IBISWorld report 32741), which is an ingredient in cement, nor does it produce concrete (IBISWorld reports 32732, 32733 and 32739), which uses cement as an input.
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NAICS 32731 - Cement Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Learn about the performance of the top companies in the industry.
The industry displays a moderate amount of concentration. The top four businesses are expected to account for under half of total revenue in 2024.
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Cement Manufacturing in the US industry in United States is $9.9bn in 2024.
There are 122 businesses in the Cement Manufacturing in the US industry in United States, which has declined at a CAGR of 1.3 % between 2019 and 2024.
The market size of the Cement Manufacturing in the US industry in United States has been declining at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Cement Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Cement Manufacturing market in United States are Lafargeholcim, Cemex Sab De Cv and Martin Marietta Materials, Inc.
Portland cement manufacturing and Blended and specialty cement manufacturing are part of the Cement Manufacturing in the US industry.
The company holding the most market share in United States is Lafargeholcim.
The level of competition is high and steady in the Cement Manufacturing in the US industry in United States.