According to the latest report by IMARC Group, titled “Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global cement market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global cement market size reached US$ 363.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 518.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.22% during 2023-2028.
Cement is a finely milled and grey-colored mineral powder that is used as a binding material in building and civil engineering construction activities. It is obtained by grinding a mixture of clay, limestone, and marl and is mixed with water to form a hard mass. It is bifurcated into two forms, including hydraulic and non-hydraulic, depending on the ability of the cement to set in the presence of water. It provides noise insulation and aids in withstanding extreme changes in climatic conditions and chemical attacks. As a result, it is extensively used for building residential, commercial, healthcare, education, retail, and office facilities. It is also utilized for designing facades, and decorative features on buildings, and for the development of bridges, harbors, runways, and roads.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Cement Market Trends:
Significant growth in the construction industry is driving the global market. Moreover, the governments of several countries are heavily investing in enhancing the existing infrastructure, which is providing a boost to the demand. Along with this, the growing environmental concerns and continual technological advancements in the production process of cement are acting as other growth-inducing factors. Furthermore, the improving focus on sustainable development and the growing adoption of green cement, since it minimizes CO2 emissions, is further augmenting the market. Other factors, such as rapid industrialization and urbanization and continuous improvements in organized distribution channels, are also influencing the market.
Competitive Landscape:
By IMARC group the report has also analysed the competitive landscape of the market with some of the top cement manufacturing companies being
- CNBM International Corporation
- Anhui Conch Cement Co., Ltd.
- Jidong Development Group Co., Ltd.
- LafargeHolcim Ltd
- HeidelbergCement AG
Breakup by Type:
- Blended
- Portland
- Others
- Residential
- Commercial
- Infrastructure
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape