San
Francisco, 31 January, Cement Market Size, Share, and Trends Analysis Report By
Product (Portland, Others), By Application (Residential,
Non-residential/Infrastructure), By Region, Vendor Landscape, And Segment
Forecasts, 2018 – 2025.
The global cement market size is expected to reach USD 682.3 billion by
2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 7.8% during the forecast period. The market is anticipated to register
rapid growth due to growing infrastructural development across the globe.
The global infrastructure investment is dominated by
countries such as India, China, and the U.S. Soaring need for infrastructure
upgrade and modification in the U.S. is likely to fuel the demand for cement
over the forecast period.
Demand for residential properties is growing due to
increasing urbanization and rising household income. In addition, improving
economic conditions in countries such as India and China is stimulating the
demand for retail and commercial spaces. Both countries are estimated to
observe a remarkable rise in establishments in urban areas over the forecast
period, thus providing a fillip to the cement market.
Aditya Birla Ultratech, CNBM International Corporation,
CEMEX S.A.B. de C.V., HeidelbergCement AG, Italcementi, InterCement,
LafargeHolcim, SCG, Taiheiyo Cement Corporation, Titan Cement Group,
Votorantim, Mitsubishi Cement Corporation, Alamo Cement Company, Argos USA
Corporation, ESSROC Cement Corporation, Drake Cement LLC, and Anhui Conch
Cement are some of the prominent companies operating in the market.
Access Full Research Report On Cement
Market Analysis:
Further Key Findings from the Report Suggest:
·
Portland cement accounted for close
to 90.0% of the overall revenue in 2016. Properties such as high strength and
durability exhibited by this type are likely to trigger its demand over the
forecast period
·
On the basis of product, the others
segment is expected to register a CAGR of 6.6% over the forecast period. Prices
of other cements are expected to decline in the coming years, which, in turn,
is expected to drive the market.
·
Supportive regulations and favorable
government policies, such as Housing for All and smart cities in India, are
expected to trigger the demand for cement in residential and commercial
applications in developing and underdeveloped countries
·
The Cement Action Plan is a part of
the World Business Council for Sustainable Development´s (WBCSD) Low Carbon
Technology Partnerships initiative (LCTPi) to accelerate the deployment of
low-carbon solutions in the cement industry. Policies and government
initiatives related to this plan are projected to augment the market over the
forecast period.
·
Regional expansions and R&D are
the key strategies adopted by major players to strengthen their position in the
cement market as smaller companies are keen to collaborate with key players to
strengthen their foothold in the global arena
·
In July 2014, Aditya Birla Ultratech
acquired 2 units of Jaiprakash Associates in order to increase the firm’s
production capacity to 100 metric tons per year by 2020.
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More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/specialty-and-fine-chemicals
Grand
View Research has segmented the global cement market on the basis of product,
application, and region:
Cement Product Outlook (Volume, Million Tons; Revenue,
USD Million, 2014 - 2025)
·
Portland
·
Others
Cement Application Outlook (Volume, Million Tons; Revenue,
USD Million, 2014 - 2025)
·
Residential
·
Non-residential/Infrastructure
Cement Regional Outlook (Volume, Million Tons; Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
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Press Release of this Report: www.grandviewresearch.com/industry/specialty-and-fine-chemicals
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
