Cement Market Is Expected To Reach Over US$ 725 Bn By 2025 | Credence Research

Posted September 27, 2019 by johnsonpaul

Cement Market Size, Share, Growth, Trends, Analysis and Forecast to 2025

According to a new market report published by Credence Research “Cement Market by type Portland cement, blended cement and others; by end-use, residential, nonresidential and infrastructure; by geography, North America, Europe, Asia Pacific, Latin America and Middle East & Africa - Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” The worldwide cement market is anticipated to achieve more than US$ 725 billion by 2025, increasing to CAGR by 7.3 per cent from 2017 to 2025.

Browse the full report at https://www.credenceresearch.com/report/cement-market

Market Insights

Cement demand is anticipated to expand at a pace of 7.3 per cent between 2017 and 2025; variables such as rising urbanization and industrialization are fuelling the development of the worldwide cement industry. In terms of value, Asia-Pacific dominated the cement industry, accounting for more than 70% of the worldwide cement industry in 2016. China is the biggest in terms of value and quantity, accounting for over 65 percent of the Asian-Pacific cement industry in 2016. China is followed by India, which is the fastest increasing industry and the second largest in terms of volume consumption.

Cement demand depends on construction and maintenance operations, thus developing infrastructure. Cement is the main component for concrete and mortar used in the construction industry. As a result, the increase in construction or construction operations globally will mainly stimulate the market. Factors that could affect the increase in the global economy include an increase in the amount of nuclear families, an increase in housing needs, technological and commercial developments and an increase in disposable income.

Cement industry is highly fragmented with existence of large, medium, and small manufacturers across the world. Lafarge is the largest manufacturer and holds the major market share in the cement market, globally. Producers are also involved in development in manufacturing of colored cement to cater the changing demand of end-use customers. Anhui Conch Cement Co., Ltd., CEMEX S.A.B. de C.V., China National Materials Co., Ltd., Eurocement Group, UltraTech, Taiheiyo Cement Corporation, Heidelberg Cement AG, LafargeHolcim Ltd., China Tianrui Group Cement Company Limited, China Shanshui Cement Group Ltd., Buzzi Unicem S.p.A., CIMPOR - CIMENTOS DE PORTUGAL, SGPS, S.A., Siam Cement Group Public Company Limited, Jaypee Group, Vicat SA, Dangote Group, Fars & Khuzestan Cement Co., OYAK (Ordu Yardimlasma Kurumu) Cimento A.S., Cementir Holding S.p.A., Ramco Cements Ltd., Mitsubishi Materials Corporation, TPI Polene Public Company Ltd., Limak Holding A.S., Saudi Cement. ITD and JK Cement Ltd. are the few key manufacturers in cement market.

Key Trends:

Revival of the construction industry post economic recession
Huge demand from Asia-Pacific construction industry is expected to drive the future growth
High energy intensive manufacturing process and GHG emission is expected to restrain the growth of cement industry
Use of new technologies alternative fuels for lowering GHG emission and energy consumption
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Report Scope by Segments

By Type

Portland Cement
Blended Cement
By End User

By Geography Segment

North America
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America
Medium Blog: https://medium.com/@kumarganesh028/cement-market-7-3-cagr-2017-2025-global-industry-size-share-growth-trends-and-forecast-a5ba485bd832
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Categories Business
Tags Cement Market
Last Updated September 27, 2019