Cement Market
Cement Market Global Industry Assessment & Forecast
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 Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 51.2 Billion |
Revenue 2028: | 93.37 Billion |
Revenue CAGR (2021 - 2028): | 7.8 |
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
What is the global demand for Cement in terms of revenue?
-
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%.
Which are the prominent players in the market?
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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..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 7.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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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.
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Cement in 2020.