Cement
Market Forecast to 2022:
The burgeoning construction sector globally
is fuelling the market growth for cement. Market reports connected with the
construction industry have been made accessible by Market Research Future who
publishes reports on other sectors that have been currently published along
with a report on this industry. The market is projected to expand at an 8
percent CAGR in the duration of the forecast period.
The industry which is an indicator of
economic health is showing ascendant levels of growth in the recent years. The
rising levels of construction projects being launched worldwide are spurring
the market’s expansion. Due to these market developments manufacturers are
boosting their production capacities and engaging in research and development
to back this growth phase of the cement market. The rising level of investment
by individual in multiple properties is another factor powering the growth of
the market.
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Ø Lafarge, Holcim Ltd
Ø Anhui Conch Cement Company Ltd
Ø HeidelbergCement AG
Ø Jidong Development Group Co. Ltd.
Ø CEMEX S.A.B. de C.V.
Ø China National Building Material Company Ltd.
Ø UltraTech Cement Limited,
Ø Mitsubishi Materials Corporation
Ø Shanshui Cement Group Ltd.
Segmental
Analysis:
The segmentation of the global cement
market is carried out on the basis of type region and application. On the basis
of Type, the cement market globally has been segmented into rapid low heat
cement, high alumina cement, hardening cement, colored cement, white cement,
hydrographic cement and other. On the basis of application, the cement market
globally is divided into construction and infrastructure. The regions that are
a part of the market are North America, Asia Pacific, Europe and rest of the
world.
Detailed
Regional Analysis:
The regional analysis of the market
consists of regions such as North America, Asia Pacific, Europe and rest of the
world. The Cement market for the most part depends on the global construction
and building activities. The cement market is highly driven by applications and
systems are getting popularity from various end user. The Asia Pacific region
is likely to be responsible for the largest portion, in terms of value, of the
cement market globally. This can be largely attributed to the construction and
expansion of infrastructure. The government initiatives such as growth of smart
cities are giving a huge boost to the sector. The North American and European
region are followed by the Asia Pacific region. An escalating number of
limestone detections in the east and the simplicity of the transport system
have led to the speedy growth of cement industry.
Competitive
Analysis:
The variety witnessed in terms of strategy
creation and execution is changing the development pace of the market. The gaps
in the market are filled owing to the carrying out of appropriate supply chain
strategies. Additionally, the expansion of new products and services will add
further momentum to the market development. The framework for growth plans has
equipped the market for possible new entrants. The development in the products
and services is the principal factor increasing the market's efficiency and
controlling the trends that are gaining distinction in the market. The influential
success factors and players’ preferences are slowly but surely mounting by the
strategies being used by market contenders. The key competitors working in the
market for cement globally are Holcim
Ltd, Lafarge, Anhui Heidelberg Cement AG, Conch Cement Company Ltd, China
National Building Material Company Ltd., CEMEX S.A.B. de C.V., Jidong
Development Group Co. Ltd., Mitsubishi Materials Corporation, UltraTech Cement
Limited, and Shanshui Cement Group Ltd.
Industry
Updates:
Sep 2018 Cemex is planning to restart
commercial production on the second kiln at its South Ferriby cement plant in
November 2018. The company says that this investment highlights its confidence
in the long-term potential of the UK building materials market. Once fully
ready both kilns at the plant will give it a production capacity of 0.7Mt/yr.
Sep 2018 Dangote has unveiled its new
BlocMaster Cement, describing it as extra strong and ideal for block moulding
in Nigeria. It had been tested and approved by builders throughout Nigeria making
it particularly useful during the rainy season. BlocMaster is reportedly
suitable for all construction purposes and Dangote hopes it will help address
the issue of building collapse in Nigeria
Global
Cement Market - Segments
Global Cement Market is segmented in to 3
Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type :
Comprises – Rapid Hardening Cement, Low Heat Cement, High Alumina Cement, White
Cement, Colored cement, Hydrographic cement and other
Segmentation By Application :
Comprises – construction, infrastructure
Segmentation By Regions :
Comprises Geographical regions - North America, Europe, APAC and Rest of the
World
Global
Cement Market - Regional Analysis
Major growth and investment in cement and
construction material market is seen in APAC countries. The region is expected
to witness staggering growth in the forecast period. The region is offering
flourishing markets to the international companies to push the market. The
companies are seen investing in the innovation of new advanced technologies in
APAC region, especially in China, India, Indonesia, among others and this is expected
to boost the cement market demand.
Moreover, the Chinese government issued
several favourable policies for lowering the proportion of down payment for
second house loans and exempting of sales tax for ordinary housing, which
helped the recovery of commercial housing market. China accounts for the major
share in the APAC cement market. India, on the other hand, is seeking increase
in private funding solutions in the provision of much of the new infrastructure
needed. However, the reconstruction is only expected to provide a short-term
boost to construction activity that is likely to return to trend later in the
decade. In Southeast Asia relatively strong construction spending growth is
also expected in Indonesia and Vietnam, as both countries upgrade infrastructure
to support their growing populations.
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