San Francisco, 28
September 2018: 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.
Access Research Report
of Cement Market@ www.grandviewresearch.com/industry-analysis/cement-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
o
U.S.
·
Europe
o
Germany
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
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.
