The latest report by IMARC Group, titled “Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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 reached a value of US$ 344.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 488.4 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027. Cement is one of the most commonly utilized binding materials in the construction sector across the globe. It is identified by a grey color and produced by grinding a mixture of limestone and clay. Cement is of several kinds, including hydraulic, non-hydraulic, blended, Portland, etc. It is mixed with water to form a hard mass that acts as an adhering agent for masonry. As a result, cement finds widespread applications across various sectors, such as residential, commercial, infrastructure, etc.
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:
The escalating demand for residential spaces and the expanding construction activities across the globe are primarily driving the cement market. Besides this, the elevating popularity of mega infrastructure projects, especially in emerging economies, is further augmenting the market growth. Apart from this, the increasing utilization of thermal energy in cement manufacturing, on account of the growing environmental concerns, and continuous technological advancements in the production process are also catalyzing the global market. Moreover, the rising purchasing capacities of individuals and the rapid industrialization levels across countries are acting as significant growth-inducing factors. Furthermore, the expanding focus on sustainable development and the impelling need for green cement as it minimizes CO2 emissions generated during the construction of buildings are expected to bolster the cement market in the coming years.
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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
Key Market Segmentation:
- 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 (2016-2021)
- Market Outlook (2022-2027)
- 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
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
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