According to Goldstein Research, global cement market is expected to reach USD 7.4 trillion by 2024, growing at a CAGR of 8.2% over the forecast period 2016-2024. Rise in the construction and building activities is one of the major drivers fuelling the global cement market growth. Global cement market segmentation has been done on the basis of product type, end user and geography. Based on product type, Portland cement accounted for over 58.0% of total market share in 2016 owing to its cost effectiveness and extensive use for wide applications as compared to other cement types. Global cement market is largely dominated by Asia Pacific with a market share of 54.0% in 2016 owing to the presence of largest cement producing countries such as China, India, Indonesia, South Korea and Vietnam.
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Market Segmentation
On the basis of our in-depth analysis, Global Cement Market can be segmented as follows:
Based on Product Type
• Hydraulic Cement
• Ordinary Portland Cement
• Cement Clinkers
• White Cement
• Aluminous Cement
• Geo-Polymer Cement
• Other Cement (Puzzolona Lime Cement, Slag-Lime Cement, Supersulfated Cement)
Based on End-User
• Residential
• Commercial
• Industrial
By Region
• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Cement Market Outlook 2024” contains detailed overview of the global cement market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type and end user.
Further, for the in-depth analysis, Global Cement Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Anhui Conch Cement, CEMEX, CNBM International, HeidelbergCement, Sinoma, LafargeHolcim, Ultra Tech Cement, China Resources Cement Holdings, Taiheiyo Cement, China Tianrui Group Cement, Dalmia Bharat, Lucky Cement, Buzzi Unicem, CIMPOR, UBE Industries, EUROCEMENT,Italcementi, Taiwan Cement, Votorantim, Jidong Development, Aditya Birla Group, Shanshui, Jaypee, India Cements Ltd, Titan, Mitsubishi Materials, Vicat , VICEM, JK Cement, Madras Cement Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global cement market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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