The new report by Expert Market Research titled, ‘Global Cement Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global cement market, assessing the market based on its segments like types, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 5.17 Billion
- Forecast CAGR (2021-2026): 3.3%
- Forecast Market Size (2026): USD 6.08 Billion
The growth of the global cement market is driven by rapid urbanisation and increasing construction activities. Rising number of residential project development in emerging economies, is further expected to propel the market growth. Moreover, rapidly growing global population and number of nuclear families along with rising per capita incomes fuels the demand for residential accommodation. Additionally, increasing infrastructure such as airports, malls, shopping complex, stadiums, and bridges among others will further aid in the growth. However, the energy-intensive process and health concerns such as lung cancer associated with cement manufacturing process may restrain the growth of the global market over the forecast period.
Industry Definition and Major Segments
Cement refers to a binding agent used in construction activities for setting and adhering materials together. It is commonly used along with sand and gravel to produce concrete and other fine aggregates to form mortar. Cement is considered as one of the important commodities for developing economies.
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On the basis of type, the industry is divided into:
- Blended
- Portland
- Others
Based on end use, the cement market is segmented into:
- Residential
- Commercial
The regional markets for cement include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Regionally, the Asia Pacific is projected to be the largest shareholder and witness the fastest growth in the global market for cement. This can be attributed to the high cement consumption in developing countries such as China, India, and ASEAN, owing to rapidly developing residential and commercial infrastructure. Additionally, China holds a dominant share in the global cement production and consumption. Meanwhile, North America and Europe re expected to witness steady growth owing to swift industrialisation, urbanisation, and high disposable income. However, Latin America and Middle East and Africa are expected to witness robust growth owing to the increasing infrastructural development projects over the forecast period.
Key Market Players
The major players in the market are CEMEX S.A.B. de C.V., HeidelbergCement AG, CNBM International Corporation, InterCement, Ultratech Cement Limited (Aditya Birla Group), and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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