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Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • April 2022
  • 128 pages
  • ID: 4715138
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global cement market reached a value of US$ 344.5 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 488.4 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Cement is one of the commonly used binding materials in the construction industry worldwide. It is characterized by a grey color and manufactured by grinding a mixture of clay and limestone. It is mixed with water to form a hard mass, which acts as an adhesive for masonry. It is largely bifurcated into two kinds, including hydraulic and non-hydraulic, depending on the ability of the cement to set in the presence of water. While hydraulic cement sets due to the chemical reaction between water and the dry ingredients, non-hydraulic cement offers optimal resistance against chemicals by reacting with the carbon dioxide in the environment. Cement Market Trends:

The market is primarily driven by a significant rise in construction activities across the globe. This can be accredited to the growing population, rising trends of the nuclear family and the escalating demand for residential spaces. Besides this, the development of mega infrastructure projects, especially in emerging economies, is acting as another major growth-inducing factor. Moreover, governments of various countries are investing heavily on enhancing the existing infrastructure, which is contributing to the market growth. The growing environmental concerns, coupled with technological advancements in the production process, are also driving the market. For instance, as the inclusion of thermal energy in the manufacturing of cement ensures a low carbon footprint, it is widely adopted by manufacturers of different end use industries. Additionally, improving focus on sustainable development has resulted in shifting preferences toward green construction. This, along with the escalating demand for green buildings, is positively influencing the sales of sustainable and green cement as it minimizes CO2 emissions generated during their production. The increasing purchasing power of individuals and rapid industrialization are other factors expected to create a positive outlook for the market.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global cement market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type and end-use.

Breakup by Type: Blended
Portland
Others

Portland cement represents one of the most preferred types as it offers great resistance to shrinkage and cracking.

Breakup by End Use:
Residential
Commercial
Infrastructure

At present, the residential segment exhibits a clear dominance in the market on account of the growing global population and the rising demand for houses.

Breakup by Region: Asia Pacific
North America
Europe
Latin America
Middle East and Africa

The Asia Pacific currently enjoys the leading position in the market on account of the increasing infrastructure projects in the region.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd. and HeidelbergCement AG. Key Questions Answered in This Report
1. What was the size of the global cement market in 2021?
2. What is the expected growth rate of the global cement market during 2022-2027?
3. What are the key factors driving the global cement market?
4. What has been the impact of COVID-19 on the global cement market?
5. What is the breakup of the global cement market based on the type?
6. What is the breakup of the global cement market based on the end use?
7. What are the key regions in the global cement market?
8. Who are the key players/companies in the global cement market?

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