Cement Market Worth US$ 488.4 Billion by 2022-2027 | CAGR of 6.1%

The latest report by IMARC Group, titled "Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the global cement market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global cement market reached a value of US$ 344.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 488.4 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027. A cement is a finely ground powder that is set to a hard mass when mixed with water. It is used for binding purposes across the construction industry, wherein it adheres to other materials as a result of hydration that yields sub-microscopic crystals or a gel-like material with a high surface area. When mixed with fine aggregate, it produces mortar for masonry, and with sand and gravel, it produces concrete. Cement can be broadly categorized into two types: non-hydraulic cement, which does not set in wet conditions, and hydraulic cement, which hardens and becomes adhesive due to hydration.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Sample Report: https://www.imarcgroup.com/cement-manufacturing-plant/requestsample

Important Attribute and highlights of the Report:

• Detailed analysis of the global market share
• Market Segmentation
• Historical, current, and projected size of the market in terms of volume and value
• Latest industry trends and developments
• Competitive Landscape
• Strategies of major players and product offerings

Global Cement Market Trends:

The market is primarily driven by the considerable growth in the construction industry. The augmenting need for residential spaces, public infrastructure, and non-residential buildings, including hospitals and healthcare centers, is increasing the demand for cement and cement by-products worldwide, thereby creating enormous opportunities for product consumption. Also, the rising adoption of green cement for constructing eco-friendly and sustainable buildings is providing an impetus to the market growth. Furthermore, rapid urbanization and increasing investments in the real estate sector are contributing to the development of the market.

Competitive Landscape:

By IMARC group the report has also analysed the competitive landscape of the market with some of the top cement manufacturing companies being

• CNBM International Corporation
• Anhui Conch Cement Co., Ltd.
• Jidong Development Group Co., Ltd.
• LafargeHolcim Ltd
• HeidelbergCement AG

Key Market Segmentation:

Breakup by Type:

• Blended
• Portland
• Others

Breakup by End Use:

• Residential
• Commercial
• Infrastructure

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/cement-manufacturing-plant

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.