Concrete is one of the most commonly used building materials in the world. According to Custom Market Insights, as of 2024, the global decorative concrete market size is valued at approximately $19.5 billion and is expected to grow significantly, reaching around $31.6 billion by 2033, with a compound annual growth rate (CAGR) of 6.1%. This booming market is only projected to grow further in the future. Let’s look at a few reasons why concrete companies are growing today.

Strengthening Economy Encourages Building

Although there is always room for improvement, experts agree that the economy is essentially strong right now. There are employment gains, improving debt-to-income ratios, and wage increases. All of these factors work together to encourage consumers to build. When they build, concrete is a sought-after material necessary to get projects completed.

Promising Emerging Trends

There are emerging trends in the concrete market that look promising. One of these trends is the popularity of sustainable and eco-friendly building practices. Concrete is considered eco-friendly since it’s a long-term solution. It doesn’t create an excess of waste because it’s permanent.

Other emerging trends, such as advanced 3D printing technology, are making it easier than ever to achieve more precision in concrete construction. This gives customers greater confidence to build with concrete. The use of drones in construction projects also makes it easier to place concrete in the exact locations needed, with more precise measurements.

Choosing the Right Contractors

Deciding to build with concrete is only the beginning. It’s vital that you choose the right contractors. Since concrete is a permanent building option, you need to choose carefully, especially when it comes to location and professionals. You need to research the pros you’re considering. Ask around and find out who others in your community trust for concrete work. It’s also helpful to read online reviews of available businesses. The best way to assess the quality of a business’s work is to view it yourself. Take the time to get references from past clients and check out the work that was done for them.

These are just a few key insights into the ever-evolving concrete industry, highlighting its growth and the emerging trends that are shaping its future. Understanding these aspects can help you make informed decisions when planning your construction projects, ensuring that you choose the right materials and professionals to bring your vision to life. Contact our team at Concrete Cowboys today to learn more.