While it may seem like a simple building material, the concrete market is in fact a complex and dynamic industry poised for significant growth in the coming years. A recent report by Allied Market Research predicts the global concrete market will reach a staggering $972.0 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.7%.
According to the report, governments around the world are investing heavily in infrastructure development, reconstruction and repair and this increased spending is directly translating into a demand for concrete, particularly ready-mix concrete and precast products – solutions which offer faster construction times and reduced project costs compared to traditional methods. Click the link to read the full blog: