According to a new market report published by Credence Research “Cement Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024,” the global cement market is expected to reach over US$ 725 Bn by 2025, expanding at a CAGR of 7.3% from 2017 to 2025.
Browse the full 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 report at https://bit.ly/2HsP2Cc
Cement demand is expected to grow at a rate of 7.3% between 2017 and 2025; factors such as increasing urbanization and industrialization are currently fuelling the growth of the global cement market. In terms of value, Asia-Pacific dominates the cement market accounted for over 70% share of the global cement market in 2016. China is the largest in terms of value and volume, accounted for over 65% of Asia-Pacific cement market in 2016. China is followed by India, which is the fastest growing market and holds the second position in terms of volume consumption.
The cement demand relies on construction and building activities, thus infrastructure development. Cement is the major ingredient for concrete and mortar which are used in the construction industry. Hence, rise in construction or building activities worldwide will largely spur the market. Also factors that could influence the rise in the worldwide market include escalating number of nuclear families, rising need for accommodation, development in technology and commercial establishments, and escalating disposable income.
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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.
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Purpose of the Report
The purpose of this strategic research study titled “Global Cement Market – Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the cement market.
- Industry Investors
- Cement Providers/Vendors
- Research Professionals
- Emerging Companies
- Raw Material Suppliers/ Buyers
- Product Suppliers/ Buyers
- Research Institutes
USP and Key Offerings
The report titled “Global Cement Market – Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” offers strategic insights into the overall cement market along with the market size and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on types, end-use and cross-sectional study across different geographical regions.