Concrete stocks can play an important role in your long-term investment portfolio. Many infrastructure projects on both the residential, commercial, and industrial levels need concrete in one form or another. This, in turn, keeps demand for concrete relatively steady.
One way to capture a share of this market in your portfolio is by investing in the companies that make concrete (i.e., the finished product used to repair roads and bridges). You can also invest in companies that make cement – which is the mixture of materials that, when combined with water and other aggregates, make concrete.
However you choose to invest, demand is not likely to be a problem. According to Allied Market Research, the market for concrete is expected to reach $972 billion by 2030. That's up from approximately $617 billion in 2020.
In this article, we'll look at seven companies that cover various aspects of the concrete industry. If you're looking for some foundational stocks for your long-term growth portfolio, these are some names to consider.
Click the "Continue to Slide #1" button to view the first company.
