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          1. Cement & Concrete Product Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/13/2020
            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, bricks, walls, and girders. Major companies include Martin Marietta Materials, US Concrete, and Vulcan Materials (all based in the US), as well as Anhui Conch (China), Cemex (Mexico), CRH (Ireland), HeidelbergCement (Germany), and LafargeHolcim (Switzerland).

            Worldwide demand for cement is forecast to grow 1% per year through 2023, reaching a volume of 4.1 billion metric tons, according to Freedonia Group. 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 8,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $57 billion. The industry includes about 230 cement manufacturing establishments, about 5,500 ready-mix concrete manufacturing establishments, and about 2,900 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 ...

             
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