Portland Cement Industry 2022-2027, Market Share, Size, Trends, Forecast and Analysis of Key players

The global Portland cement market reached a volume of 2.1 Billion Tons in 2021. Looking forward, IMARC Group expects the market to reach 2.7 Billion Tons by 2027, exhibiting at a CAGR of 4% during 2022-2027.

Portland cement is a grey-colored inorganic substance that is used in various construction activities. It consists of four compounds, namely, dicalcium silicate, tricalcium silicate, tricalcium aluminate, and tera-chemical aluminoferrite. It is manufactured by combining elements such as calcium, silicon, iron, aluminum, limestone, shale, and clay. These materials are readily available and occur naturally, making them cost-efficient. Portland cement offers high durability and strength with excellent binding properties. As a result, it is increasingly used in the construction of high-rise buildings, dams, bridges, tunnels, and residential complexes.

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Global Portland Cement Market Trends:

The market is primarily driven by the increasing demand for Portland cement in the construction industry for manufacturing stucco, grout, concrete, and mortar. Besides this, governments of various countries are undertaking development activities for providing better connectivity to remote areas. In addition to this, they are extensively investing in the infrastructure sector to construct roads, dams, and foundations, especially across emerging economies like India, China, and Brazil, which is significantly influencing the market growth. Furthermore, rapid urbanization and industrialization, and easy availability of raw materials are also positively impacting the demand for Portland cement across the globe.

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Breakup by Type:

Type 1
Type 2
Type 3
Type 4
Type 5

Breakup by Application Sector:

Residential
Commercial
Industrial

Breakup by Packing Type:

10 KG
15 KG
25 KG
Others

Import-Export Market:

Import
Export

Breakup by Region:

Asia Pacific

North America

Middle East and Africa

Latin America

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