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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