Global Cement Market: Overview
Cement Market is anticipated to worth USD 439.15 billion by 2018, with a CAGR
of 6.8% during 2019-2025. Cement is a grey-colored inorganic substance which is often lime- or calcium silicate-based, fine mineral powder manufactured with very precise processes. The demand for cement is expected to grow with a significant growth rate over the forecast period owing to factors such as increasing urbanization and industrialization. The market is anticipated to register rapid growth due to growing infrastructural development which is currently fuelling the growth of the global cement market. Cement is the vital ingredient for concrete and mortar which are widely used in the construction industry. Hence, the rise in construction or building activities worldwide will largely spur the market in coming years. Moreover, the factors that are influencing the rise in the global market include an escalating number of nuclear families, rising need for accommodation, development in technology and commercial establishments, and growing disposable income.
Furthermore, improving economic conditions in developing countries such as India and China which is stimulating the demand for retail and commercial spaces. Thus, both the countries are estimated to observe a remarkable rise in establishments in urban areas over the forecast period, thus providing a fillip to the cement market. In addition, the manufacturers are introducing sustainable building materials such as green cement which meets the functional performance capabilities of ordinary Portland cement while reducing the overall CO2 emissions generated during production.
Global Cement Market product Analysis
The global Cement Market on the basis of product is segmented as Portland, Cement Clinkers, White Portland, Aluminous and Hydraulic Cement. The Portland cement is likely to witness significant growth during the anticipated period. The features such as durability and high strength of the product and its widespread usage in the construction of residential, commercial, and industrial units are anticipated to boost the market. Moreover, the rapid expansion of the residential sector in developing countries is estimated to have a positive impact on the growth of the segment. For instance, one of the prominent key players, Heidelberg Cement AG, initiated water resource protection and conservation policies to reduce water consumption during processing operations which strengthen the roots of the global cement market. Furthermore, the increasing demand for completing brick buildings in wet climates is likely to surpass the growing demand for hydraulic cement during the forecast period.
Global Cement Market Regional Analysis
The global Cement Market on the basis of the region is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region is expected to dominate the market and is likely to register a healthy growth rate during the forecasted period. Also, the regional market is driven by spiraling demand for affordable housing from developing economies such as India and China. In addition, the increasing income levels, rising population, and rapid urbanization in these economies are anticipated to grow the residential construction eventually increasing the consumption of cement. However, North America is also projected to experience healthy growth in terms of revenue during the forecast period. Owing to the soaring popularity of single-family units in countries such as the U.S. and Canada which is expected to generate demand for residential construction, thereby boosting the consumption of cement. Moreover, the growth of the construction sector in MEA is primarily driven by massive investments in the infrastructure sector of multiple countries in the region.
Objective of the Study:
To analyze and forecast market size of the Global Cement market,
in terms of value & volume.
To examine the careful market segmentation and forecast the market
size, in terms value, on the basis of region by segmenting regional market into
five regions, namely, North America, Europe, Asia Pacific, Middle East and
To outline, categorized and forecast the global cement market on
the basis of, product and application.
To examine competitive developments like expansions, technological
advancement, services, and regulative framework within the global cement
To highlight the impact analysis of the factors, affecting the
market dynamics such as drivers, restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively
analyze their market shares along with detailing the competitive landscape for
Global Cement Market Competitive Landscape
Companies such as Aditya Birla Ultratech, CNBM International Corporation and other global players such as CEMEX S.A.B. de C.V., Heidelberg Cement AG, Italcementi, InterCement, LafargeHolcim, SCG, Taiheiyo Cement Corporation, Titan Cement Group, Votorantim, and Anhui Conch Cement are the leading players of Cement market across the globe. Key companies are forming joint ventures, mergers, and acquisitions to increase their market share and product portfolio.
Key Target Audience:
Market research and consulting firms
Global cement manufacturers
Research organizations and consulting companies
Organizations, associations and alliances
related to cement market
Scope of the Report
In addition, the report provides analysis of the Cement market with respect to the following geographic segments and their high performing regions:
Asia Pacific (APAC)
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.