Press release
Cement Market size is expected to reach USD 592.38 billion by 2032, exhibiting a CAGR of 4.3% | Surge in the Manufacturing of Cement To Propel the Market Growth
Cement Market
With increasing rate of construction of residential buildings due to growth in the population, the demand for cement has witnessed a rise. Green cement has led to the construction of sustainable buildings which is posing as an opportunity for market growth. Fortune Business Insightsโข shares this information in its report titled "Cement Market Size, Share, Report, 2024-2032."
๐ฎ๐๐ ๐ ๐ญ๐๐๐ ๐บ๐๐๐๐๐ ๐น๐๐๐๐๐๐๐ ๐น๐๐๐๐๐ - https://www.fortunebusinessinsights.com/industry-reports/cement-market-101825
Competitive Landscape
Market Players to Gain Competitive Edge by Increasing Their Presence
Key industry players of the global cement market have been diversifying their presence globally. Producers of North America and Europe have been aiming to increase their presence in countries of Asia Pacific region. Key players in the market have developed strong regional presence, distribution channels, and product offerings.
Key Industry Development
May 2023: Heidelberg Materials has invested USD 600 million to build the second-largest cement plant in Mitchell, Indiana in order to reduce CO2 emissions and energy consumption significantly.
List of Key Players Profiled in the Market Report
CEMEX S.A.B. de C.V. (Mexico)
HeidelbergCement (Germany)
InterCement Participaรงรตes S.A. (Brazil)
Holcim Ltd. (Switzerland)
CRH plc (Ireland)
The Siam Cement Group (Thailand)
Titan Cement Company S.A. (Greece)
UltraTech Cement Limited (India)
Votorantim Cimentos (Brazil)
Buzzi Unicem S.p.A. (Italy)
Mitsubishi Material Corporation (U.S.)
Argos USA LLC (U.S.)
China National Building Material Co., Ltd. (China)
Taiheiyo Cement Corporation (Japan)
Drake Cement LLC (U.S.)
Cement Market Segmentation
Various Benefits to Drive Market Growth for Blended Segment
On the basis of type, the market is segmented into portland, blended, and others. Owing to its various features such as reduced water demand, improved workability & pump ability, and reduced formation due to thermal stress, the blended segment held the largest share of the segment in 2022.
Non-Residential Segment Is Set to Lead Due to Increasing Construction Activities of Non-Residential Spaces
Based on application, the market is segmented into residential and non-residential. With variegated uses of the product in non-residential construction activities of roads, dams, commercial complexes, industrial buildings, stadiums, and transportation hubs. The non-residential segment is expected to lead the market during the forecast period.
Geographically, the market is studied across North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cement-market-101825
Cement Market Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Rise In The Number of Construction Activities To Drive Market Trajectory
Rising construction activities is anticipated to drive global cement market growth. With account to rise in the population, there has been an increase in the demand for residential and non-residential spaces. Rising rate of urbanization and government initiatives to support the construction & infrastructural activities in developing economies is supporting the demand for the product.
However, raw materials used such as limestone, chalk, shells, shale, clay, and silica sand are set to hinder the market development. Various environmental regulations imposed over production also restrains the market growth as well.
๐น๐๐๐ ๐ด๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐ - https://www.fortunebusinessinsights.com/industry-reports/cement-market-101825
Regional Cement Market Insights
With Increasing Demand for the Product, Asia Pacific is Expected to Lead the Market Share
Asia Pacific is projected to lead global cement market share due to increasing demand for the product from Southeast Asia, China, and India. The market was valued at USD 273.22 billion in 2022. China is one of the major countries of the region as it is the leading producer and consumer of the product globally.
The growth in of the market in the North American region is increasing due to demand for public infrastructure.
Detailed Table of Content Research Report, 2024-2032
1 Market Overview
2 Market Upstream and Downstream Analysis
3 Players Profiles
5 Global Sales, Revenue, Price Trend by Type
6 Global Market Analysis by Application
7 Global Market Sales and Revenue Region Wise (2017-2022)
8 Global Market Forecast (2024-2032)
9 Industry Outlook
10 Research Findings and Conclusion
11 Appendix
Continuedโฆ
๐น๐๐๐๐๐๐ ๐น๐๐๐๐๐๐ -
Fiber Cement Market - https://www.fortunebusinessinsights.com/fiber-cement-market-107812
Green Cement Market - https://www.fortunebusinessinsights.com/green-cement-market-107251
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