Key Takeaways
- The U.S. cement industry contributes $12.7 billion to GDP annually.
- Global cement market revenue was $332 billion in 2022.
- U.S. ready-mixed concrete industry generates $50 billion in sales yearly.
- The cement industry accounts for 8% of global CO2 emissions, or 2.3 billion tonnes annually.
- Concrete recycling rate in U.S. reaches 85% of demolished materials.
- Global cement production emits 5-7% of anthropogenic CO2.
- The global concrete market size was valued at USD 556.58 billion in 2022.
- U.S. cement consumption grew by 3% to 108 million tons in 2022.
- Global ready-mixed concrete market expected to reach USD 849.2 billion by 2030.
- In 2022, U.S. portland and masonry cement production totaled 91 million metric tons, a 2% increase from 2021.
- Global cement production reached 4.1 billion metric tons in 2021, led by China at 2.2 billion metric tons.
- India's cement production capacity stood at 502 million tonnes per annum (MTPA) as of 2023.
- U.S. employs 100,000 workers in cement and concrete industries.
- Global cement workforce totals 5 million direct jobs.
- U.S. ready-mixed concrete supports 650,000 jobs.
Cement and concrete drive $128B in US value, jobs, and decarbonization.
Sources & References
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