San Francisco, 29 January 2019: The Report Cement Market Size, Share, and Trends Analysis Report By Product (Portland,
Others), By Application (Residential, Non-residential/Infrastructure), By
Region, Vendor Landscape, And Segment Forecasts, 2018 - 2025
The global cement market size is expected to reach USD 682.3 billion by 2025,
according to a new report by Grand View Research, Inc., expanding at a CAGR of
7.8% during the forecast period. The market is anticipated to register rapid
growth due to growing infrastructural development across the globe.
The global infrastructure investment is
dominated by countries such as India, China, and the U.S. Soaring need for
infrastructure upgrade and modification in the U.S. is likely to fuel the
demand for cement over the forecast period.
Demand for residential properties is
growing due to increasing urbanization and rising household income. In
addition, improving economic conditions in countries such as India and China is
stimulating the demand for retail and commercial spaces. Both countries are
estimated to observe a remarkable rise in establishments in urban areas over
the forecast period, thus providing a fillip to the cement market.
Aditya Birla Ultratech, CNBM International
Corporation, CEMEX S.A.B. de C.V., HeidelbergCement AG, Italcementi,
InterCement, LafargeHolcim, SCG, Taiheiyo Cement Corporation, Titan Cement
Group, Votorantim, Mitsubishi Cement Corporation, Alamo Cement Company, Argos
USA Corporation, ESSROC Cement Corporation, Drake Cement LLC, and Anhui Conch
Cement are some of the prominent companies operating in the market.
Further Key Findings from the Report Suggest:
· Portland cement accounted for close to
90.0% of the overall revenue in 2016. Properties such as high strength and durability
exhibited by this type are likely to trigger its demand over the forecast
period
· On the basis of product, the others segment
is expected to register a CAGR of 6.6% over the forecast period. Prices of
other cements are expected to decline in the coming years, which, in turn, is
expected to drive the market.
· Supportive regulations and favorable
government policies, such as Housing for All and smart cities in India, are
expected to trigger the demand for cement in residential and commercial
applications in developing and underdeveloped countries
· The Cement Action Plan is a part of the
World Business Council for Sustainable Development´s (WBCSD) Low Carbon
Technology Partnerships initiative (LCTPi) to accelerate the deployment of
low-carbon solutions in the cement industry. Policies and government
initiatives related to this plan are projected to augment the market over the
forecast period.
· Regional expansions and R&D are the key
strategies adopted by major players to strengthen their position in the cement
market as smaller companies are keen to collaborate with key players to
strengthen their foothold in the global arena
· In July 2014, Aditya Birla Ultratech
acquired 2 units of Jaiprakash Associates in order to increase the firm’s
production capacity to 100 metric tons per year by 2020.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/specialty-and-fine-chemicals
Grand View Research has segmented the
global cement market on the basis of product, application, and region:
Cement Product Outlook (Volume, Million
Tons; Revenue, USD Million, 2014 - 2025)
·
Portland
·
Others
Cement Application Outlook (Volume, Million
Tons; Revenue, USD Million, 2014 - 2025)
·
Residential
·
Non-residential/Infrastructure
Cement Regional Outlook (Volume, Million
Tons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Cement Market@ www.grandviewresearch.com/press-release/global-cement-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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