Market Overview:
The global market for cement had a volume
touching USD 5.22 billion tons in 2018. With a 6.2% CAGR, the cement market
could chart its future path and attain a better valuation stand during the
forecast period covering 2019 to 2025. Market Research Future (MRFR) made
suggestions in their latest report on the same and recorded the advancements made
by market factors to trigger growth.
Cement can be described as a binding agent
derived from components like chalk, shells, calcium silicate, limestones, and
others. It is powder in form and can be categorized by hydraulic and
non-hydraulic cement. The Portland cement, quite popular among builders, is
hydraulic cement. Major reasons providing traction to this cement industry are
a hike in investment in the construction sector to build better infrastructure,
rapidly growing industrialization, government initiatives covering housing
plans, better per capita income standard, and others. However, the cement industry
overview provides a glimpse of restraining factors like high CO2
emission rate that can be a hurdle for the global market.
Competitive Landscape:
·
LafargeHolcim
·
BBMG Corporation
·
Anhui Conch Cement Company Limited
·
HeidelbergCement AG
·
Wonderful Sky Financial Group Limited
·
Aditya Birla Management Corporation Pvt. Ltd
·
CEMEX S.A.B. de C.V.
·
sunnsy
·
Mitsubishi Materials Corporation
·
InterCement
·
TAIHEIYO CEMENT CORPORATION
·
SCG
·
Votorantim
·
Titan Cement
·
Shree Cement
In December 2019, the Indian Finance Minister announced that
they are going to launch a new market strategy worth USD 1.14 trillion to
kick-start the fading economy.
Segmentation
The global report covering the market for Cement can rely much on an effective
segmentation that includes the type and end-use. MRFR’s segmentation has its
foundation in strong data analysis supported by adept analysts, which
simplifies the integration of various reports.
By type, the global cement market can be
segmented into Portland cement and others. The Portland cement has greater
inclusion across markets as its coverage includes all types of constructions.
The Portland cement can be segmented by physical and chemical properties. The
American Society for Testing and Materials (ASTM) creates a segmentation of the
Portland type and includes general-purpose, moderate sulfate resistance, low
heat of hydration, high early strength, and high sulfate-resistance as major
decisive factors.
By end-use, the global market report on the
cement market can be segmented into commercial construction, residential
construction, and infrastructure. The commercial construction segment has a
better market reach for the increasing expenditure in the commercial
construction segment.
Regional Analysis
The Asia Pacific market is fetching the maximum
revenue for the global market and as it is getting traction mostly from the
Chinese and Indian markets. The Indian cement industry outlook in 2016 registered
several factors that can become positive for regional market growth. It is
evident from the Indian cement industry analysis in 2018. China and India are
the largest and second-largest cement producers of the world respectively.
These two countries have the ability to change perspectives in the coming
years. This is also getting traction from rapidly growing industries and
urbanization.
North America had the second-largest market
share in 2018 due to the impact from active commercial and infrastructural
segments. The US is the third-largest producer of cements. In Europe, the
market is a bit limited due to strict impositions of various regulations that
can hold back the normal market growth. However, its cost-efficiency is set to
make the market lucrative.
The Middle East and Africa may record growth in
the industry due to construction works in Qatar, Dubai, and other regions. But
the African continent has a moderate chance of growth several poor economies
are adversely impacting the market.
Get Complete Research Report on “Cement Market
Research Report - Forecast to 2025” at: https://www.marketresearchfuture.com/reports/cement-market-2047
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