Global Cement Market Share, Size, Growth, Demand and Forecast Till 2024

The global cement market has witnessed stable growth over the past few years. Factors such as improving institutional infrastructure in developing regions coupled with the introduction of green cement are driving the market growth.

Request for a free sample copy of this report: https://www.imarcgroup.com/cement-manufacturing-plant/requestsample

According to the latest report by IMARC Group, titled “Global Cement Market Survey: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global cement market reached a volume of more than 5 Billion Tons in 2018. Cement is a high-quality, economical construction material used widely across the world. It is a fine powder made by grinding a mixture of clay and limestone which is then heated at a high temperature. It is mixed with water and used as a binding material in the construction industry. Depending on its capability to set in the presence of water, it is categorized as hydraulic and non-hydraulic. Non-hydraulic cement reacts with the carbon dioxide in the environment to set and offers optimal resistance against chemicals. Whereas, hydraulic cement hardens quickly due to a chemical reaction between water and the dry ingredients.

Market Trends:

Developing countries like India, Malaysia and Indonesia are investing in institutional construction activities in line with their goals for expanding the healthcare and education sectors. Similarly, developed regions are also exhibiting an escalating demand for improved infrastructure as well as increasing refurbishment activities in the residential sector. These are some of the primary factors driving the cement industry. However, the market is facing several hindrances, such as increasing environmental concerns, scarcity of raw materials and depletion of fossil fuel reserves. Due to this, manufacturers are introducing sustainable building materials such as green cement which meets the functional performance capabilities of ordinary Portland cement while reducing the overall CO2 emissions generated during production. On account of these factors, the market is expected to reach a volume of 6.2 Billion Tons by 2024, at a projected CAGR of 3.5% during 2019-2024.

Insights on Market Segmentation:

Market by Type:

• Blended

• Portland

• Others

On the basis of types, the market is segmented into blended and Portland cement. Currently, blended cement represents the most popular product type.

Market by End-Use:

• Residential

• Commercial

• Infrastructure

Based on end-users, the market is segregated into residential, commercial and infrastructure. Amongst these, the residential sector accounts for most of the demand for cement across the globe.

Performance of Key Regions:

• Asia Pacific

• North America

• Europe

• Latin America

• Middle East and Africa

On a geographical front, Asia Pacific represents the largest market, holding the majority of the total share. This can be attributed to increasing investments in mega infrastructure projects across the region. The other major markets include North America, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

• Market Structure

• Production Capacities of Key Players

The competitive landscape of the world cement market has also been examined with some of the major players being CNBM, Lafarge Holcim, Anhui Conch, Jidong Development and Heidelberg Cement.

Explore full report with table of contents: https://www.imarcgroup.com/cement-manufacturing-plant

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

309 2nd St, Brooklyn, NY 11215, USA

Website: www.imarcgroup.com

Email: sales@imarcgroup.com

USA: +1-631-791-1145, UK: +44-702-409-7331

Follow us on twitter: @imarcglobal

Linkedin: https://www.linkedin.com/company/imarc-group