Global Cement Market
Consistent expansion in the infrastructure and housing sectors have given a new way for the growth of construction industry which eventually benefiting the global cement market. In 2016, over 4.2 billion tons of cement was produced across the globe and over 2.14 billion tons were produced by China. Cement manufacturers are gaining positive growth in regions such as Latin America, North America and Europe. Despite of huge scope for the growth of construction industry Asia Pacific and Middle East Africa cement industries are facing challenges which is weakening the market growth these regions. Unfavorable export policies and declining infrastructure spending in the regions are negatively impacting the global cement market.
As per the Goldstein Research analyst, the global cement market size is anticipated to reach USD 0.74 trillion by 2024 growing at a CAGR of 8.2% during the period 2016-2024.
Covered In This Global Cement Market Report
The report covers the present ground scenario and the future growth prospects of the cement market for 2016-2024 along total import and export of cement in every region. We calculated the market size and revenue share on the basis of total sales volume of cement across the globe. Our report also provides the spending on construction projects in major countries along with cement consumption data in every region.
Global Cement Market Segmentation
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
Based on Geography
? North America (U.S. & Canada) Cement Market
? Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Cement Market
? Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Cement Market
? Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Cement Market
? Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Cement Market
On the basis of product type, Portland cement accounted for over 58% of total market share in 2016 owing to its cost effectiveness and extensive use for wide applications as compared to other cement types. Increasing demand for completing brick buildings in wet climates is likely to support the growing demand for hydraulic cement during the forecast period.
Cement market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global cement market. The report also includes porters five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global cement market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global cement market report comprises of the following companies as the key players in the Cement market: Anhui Conch Cement, CEMEX, CNBM International, HeidelbergCement, Sinoma, LafargeHolcim and Ultra Tech Cement.
Other high-flying vendors in the market are: 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 and Madras Cement Ltd.
According to our global cement market study on the basis of extensive primary and secondary research: Adoption of green cement for construction is an emerging trend which is strengthening the market growth across the globe. Green cement are comprises of fly ash and liquid additives which helps in reducing the environmental footprints of cement. Companies such as Calera Corp., Calix and Solidia Technologies have developed green cement to decrease the environmental impact.
According to the report, rise in the construction and building activities is one of the major drivers fuelling the global cement market growth. With growing personal disposable income people are now more willing to spend on accommodations which lead to increase the number of residential projects and thereby spurring the market growth.
Further, the report states that high energy consumption during the manufacturing procedure for cement production is a major restraining factor for the market growth. Domestic cement production accounted for 2.4% of total energy consumption, as per the study performed by the U.S. Department of Energy. Rising energy consumption by cement industry may hinder the market expansion over the forecast period.
Based on geography, Asia-Pacific region is the dominating region and held over 54% share of global cement market in 2016, owing to the presence of largest cement producing countries such as China, India, Indonesia, South Korea and Vietnam. Furthermore, rising number of residential projects and infrastructural spending in countries such as Brazil, Columbia and Mexico are creating pool of opportunities for cement market in Latin America region whereas Middle East & Africa is expected to be the fastest growing region for global cement market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key questions answered in this market report
What is the total market size by 2024 and what would be the expected growth rate of cement industry?
What are the total sales volumes of cement in every region and what would be the opportunities over the forecast period?
What are the number of construction projects in major countries and the total consumption of cement in every region?
How energy consumption by cement industry will impact the market and what would be the measures to overcome the restrains?
What are the key market trends?
What are the factors which are driving this market?
What are the major barriers to market growth?
Who are the key vendors in this market space?
What are the market opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?
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