The market for Cement is expected to reach US$ 725 Bn in 2025.
Cement is a binding agent and a key ingredient in concrete and mortar, which are mainly used in the construction industry. The demand for cement is strongly correlated with the rate of economic development. Cement manufacturing is the third largest energy-consuming and CO2-emitting sector. It is widely used in the residential end-use segment. Cement is used in several other nonresidential applications and infrastructure projects. Increasing demand from these end-use segments is projected to propel the demand for cement during the forecast period.
Considering the economic overview of the market, Asia-Pacific is expected to account for a major revenue share of the global cement market. In 2016, Asia Pacific accounted for more than 70% of the market's revenue share in the global cement market. This is attributed to the strong growth in the residential construction sector, especially in India and China. The market size and forecast of each end-use segment are presented for the period 2015–2025, along with their respective CAGRs% for the forecast period 2017–20255.
The market size and forecast for the period 2015–2025, along with the CAGRs for the period 2017–2025 for the mentioned segments, are also presented in this study.
Qualitative information sets such as market dynamics (drivers, challenges, and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment propositions are also included in this study for the assessment of the market competition. The report concludes with a section on company profiles that highlight key information about the major market players operating in the global cement market.
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 - CIMENTO DE ITD and JK Cement Ltd. are a few key manufacturers in the global cement market.
The global cement market is expected to exceed $725.26 billion by 2025, growing at a 7.3% CAGR between 2017 and 2025.
The purpose of this strategic research study titled "Global Cement Market: Growth, Opportunities, Share, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the cement market.
In the base year 2016, blended cement led the overall cement market in terms of both revenue and volume. The segment accounted for more than 70% of the global market's revenue and volume in the same year. The trend shall prolong, and the segment is presumed to hold onto its dominant position throughout the forecast period of 2017–2025. The dominance is largely on account of the superior benefits offered by blended cement over other variants. Blended cement is also presumed to witness comparatively superior growth in terms of revenue, growing at the highest CAGR during the forecast period of 2017–2025.
In the base year 2016, the residential segment led the overall cement market in terms of both revenue and volume. The segment accounted for more than 48% of the global market's revenue and volume, respectively, in the same year. The trend shall prolong, and the segment is presumed to hold onto its dominant position throughout the forecast period of 2017–2025. On the other hand, the infrastructure segment is expected to witness comparatively stronger growth in terms of both revenue and volume during the forecast period of 2017–2025.
For the purpose of this study, the global cement market is categorized into four regional markets: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. In 2016, Asia Pacific was identified as the largest regional cement market. In terms of revenue, the Asia Pacific market is expected to exceed US$ 525 billion in 2025, with the highest CAGR from 2017 to 2025. The presence of emerging economies such as China and India is expected to drive market growth. Developed economies such as Europe and North America are expected to show a similar growth trend. It is estimated that the Middle East and Africa will show the highest cement market growth during the forecast period.
The market for Cement is expected to reach US$ 725 Bn in 2025.
The Cement market is expected to see significant CAGR growth over the coming years,at 7.3%.
The report is forecasted from 2017-2025.
The base year of this report is 2016.
Anhui Conch Cement Co.Ltd.,CEMEX S.A.B. de C.V.,China National Materials Co.Ltd.,Eurocement Group,UltraTech are some of the major players in the global market.