Cement Market is Expected to Grow at a CAGR of over 7.8% | During 2022-2028 | Vantage Market Research

Cement Market 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,) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 - 2028

According to Vantage market research the Global Cement market was valued at USD 51.2 Billion in 2020 and is projected to reach USD 93.37 Billion by 2028, growing at a CAGR of 7.8% from 2021 to 2028.

Key Findings and Insights from the report:

• The report presents the estimated CAGR of 7.8% size of the Cement Market at the end of the forecast period.
• The Global Cement market is predicted to reach a value of USD 93.37 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.

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The growing need for the construction of institutional buildings for the education and healthcare sectors is expected to create a huge demand in the market in the coming years.
The healthcare sector in the developing world is recording strong growth which is expected to benefit the market growth in the coming years.
Higher cost as compared to gray cement is mainly holding back the growth of the market.

Market Segmentation:

By Type:
• 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

By Application:
• Residential
• Commercial
• Infrastructure
• Others

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COVID-19 Impact Analysis of Cement Market:

When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.

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The Cement market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)

List of Leading Players in the Global Cement Market:

• Bouygues SA
• Vinci SA
• Grupo ACS
• Skanska Group
• Bechtel Corporation
• Balfour Beatty
• Power Construction Corp. of China
• Hochtief

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Reason for buying this Cement market Report:

• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Cement market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Cement market and provides possible solutions to those problems.

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