Global Cement Market, By Application (Residential Construction, Non-Residential Construction), Product (Portland Cement, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Cement market will grow at a rate of 3.25% for the forecast period of 2021 to 2028. Rise in the demand for residential construction acts as a vital factor driving the growth of cement market.
Cement is defined as a type of binding agent which sets and hardens to adhere to building units such as stones, bricks, and tiles. It is a grey powder which is mixed with water and sand to make mortar, or with water, sand, and small stones to make concrete. Cement is the combination of calcium, silicon, iron, aluminium, and gypsum.
Rise in the infrastructure investments for commercial use is the vital factor escalating the market growth, also rise in the population, increase in the rapid urbanization, increase in the requirement for construction of hospitals and institutional buildings, rise in the presence of large number of manufacturers and increase in the investments in the construction industry across the globe are the major factors among others driving the cement market. Moreover, rise in the research and development activities and increase in the technological advancements and modernization in the production techniques will further create new opportunities for the cement market in the forecast period of 2021- 2028.
However, rise in the cost of research and development activities in the market acts as the major factor among others acting as a restraint, and will further challenge the growth of cement market in the forecast period mentioned above.
This cement market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cement market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cement Market Scope and Market Size
Cement market is segmented on the basis of application and product. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the cement market is segmented into residential construction and non-residential construction.
- The cement market is also segmented on the basis of product into portland cement and others.
Cement Market Country Level Analysis
Cement market is analysed and market size, volume information is provided by country, application and product as referenced above.
The countries covered in the cement market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the cement market due to rise in the population, increase in the rapid urbanization, increase in the requirement for construction of hospitals and institutional buildings, rise in the presence of large number of manufacturers and increase in the investments in the construction industry in this region.
The country section of the cement market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cement Market Share Analysis
Cement market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cement market.
The major players covered in the cement market report are Drake Cement, UltraTech Cement Ltd, InterCement, CNBM International Corporation, HeidelbergCement, CEMEX S.A.B. de C.V, KLG Ecolite, Nuvoco Vistas Corporation Limited, Spectra Logistics Private Limited, VA TRADING COMPANY, K V R SONS, Tatiya Trade Link, M/s Nirmal World Private Limited and Tiger Cement Pvt. Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.