MarketResearch.biz delivers in-depth insights on the global cement market in its upcoming report titled, “Global Cement Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global cement market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The cement market report has been segmented on the basis of product, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Cement is a is a binding agent that sets and hardens to adhere to building units such as bricks, stones, and tiles. It is a grey powder that is mixed with water and sand to make mortar, or with sand, water, and small stones to make concrete. Cement is the combination of silicon, calcium, iron, aluminum, and gypsum.
On the basis of product, the Portland cement segment is estimated to hold major revenue share in the global cement market and is expected to maintain its dominance over the forecast period. High durability and strength of Portland cement are expected to drive market growth over the forecast period. Moreover, growing number of residential and non-residential construction in developing economies is anticipated to drive market growth.
On the basis of application, non-residential construction segment is estimated to hold major revenue share in the global cement market. Growing infrastructure investments for commercial use is expected to drive the segment growth. China, India, US, and Japan are major countries investing on non-residential or commercial construction.
Asia Pacific market is estimated to hold major revenue share in the global cement market, in 2017 and is expected to maintain its dominance over the forecast period. Growing demand for residential construction in the region owing to growing population and rapid urbanization is expected to be a major factor driving market growth. Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Rapid industrialization in the region is anticipated to boost the nonresidential or commercial construction in the region, which in turn is expected to boost the demand for the target market. In addition, increasing requirement for construction of hospitals and institutional buildings in the region is anticipated to augment market growth in next ten years. Moreover, the presence of large number of manufacturers in the region is expected to fuel market growth over the forecast period.
Market segmentation and key players operating in the global cement market:
- Portland cement
- Others (white Portland cement and colored cement)
- Residential construction
- Non-residential construction
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Lafarge S.A.
- CNBM International Corporation
- Anhui Conch Cement Company Limited
- HeidelbergCement AG
- Tangshan Jidong Cement Co., Ltd.
- CEMEX S.A.B. de C.V.
- China Resources (Holdings) Co., Ltd.
- Italcementi S.p.A.
- Taiwan Cement Corp.
- UltraTech Cement Limited
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