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Cement Market

Cement Market

Cement Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0807

Segments Covered
  • By Product Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Rapid Hardening Cement, Quick setting cement, Low Heat Cement, Sulphates resisting cement, Blast Furnace Slag Cement, High Alumina Cement, White Cement, Coloured cement, Air Entraining Cement, Expansive cement, Hydrographic cement
  • By Application Residential, Commercial, Infrastructure, Others
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 51.2 Billion
Revenue 2028Revenue 2028: 93.37 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 7.8
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Product  Analysis: Preview

On the basis of Product, the market is segmented into Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Rapid Hardening Cement, Quick setting cement, Low Heat Cement, Sulphates resisting cement, Blast Furnace Slag Cement, High Alumina Cement, White Cement, Coloured cement, Air Entraining Cement, Expansive cement, Hydrographic cement,. Chemical Admistures  held the highest share in 2020 and is expected to grow at a significant rate over the forecast period. This is attributed to the rising demand for the Chemical Admistures in developing countries such as China and India. Digitalization in Asia Pacific region has led to a surge in the usage of technology in various business processes over the past few years. Rising adoption of online platforms across various sectors along with analytical solutions, IoT, AI, and Blockchain technology to gain a competitive advantage is also paving the way for the Cement market growth.

Application Analysis: Preview

Based on Application, the market is segmented into Residential, Commercial, Infrastructure, Others,. Industrial  held the largest share and is projected to grow at a notable CAGR over the coming years. Rising demand for Cement  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively.

Global Cement Market: Product Segment Analysis

    • Ordinary Portland Cement (OPC)
    • Portland Pozzolana Cement (PPC)
    • Rapid Hardening Cement
    • Quick setting cement
    • Low Heat Cement
    • Sulphates resisting cement
    • Blast Furnace Slag Cement
    • High Alumina Cement
    • White Cement
    • Coloured cement
    • Air Entraining Cement
    • Expansive cement
    • Hydrographic cement

Global Cement Market: Application Segment Analysis

    • Residential
    • Commercial
    • Infrastructure
    • Others
FAQ
Frequently Asked Question
  • The global Cement valued at 51.2 Billion in 2020 and is expected to reach 93.37 Billion in 2028 growing at a CAGR of 7.8%.

  • The prominent players in the market are Eagle Cement Corp., Taiheiyo Cement, Mabuhay Filcement Inc, Holcim, CRH PLC, Northern Cement Corporation, Big Boss Cement, Cemex, PHINMA Corporation, Cemex Philippines, LafargeHolcim..

  • The market is project to grow at a CAGR of 7.8% between 2021 and 2028.

  • The driving factors of the Cement include

    • The growing requirement for the construction of institutional buildings for the education and healthcare sectors is anticipated to drive the market in the coming years creating a huge demand for the market.
    • Healthcare sectors in developing countries are registering strong growth which in turn is estimated to benefit the growth of the market in the coming years.

  • Asia Pacific was the leading regional segment of the Cement in 2020.