Cement Market Latest Trends and Analysis, Future Growth Study by 2030

The global cement market size was valued at $16.4 billion in 2020, and is projected to reach $24.4 billion by 2030, growing at a CAGR of 4.11% from 2021 to 2030.

Global "Cement Market" 2022 Reports give a Key study on the industry status of the Cement Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.

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The Cement research report will also study market share for major stakeholders in their global capacity as transformers of the global scale. This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnership soon to change dynamics of the market on a global scale.

A composite building material comprised mostly of cement that has been fiber-reinforced, is called fibre cement. From 2021 to 2027, it is anticipated to expand at a CAGR of over 4.11%. The demand for the product is anticipated to be driven by the growing need to reduce overall carbon emissions from the building and construction sector. Additionally, the market is being driven by factors including the quick urbanisation and industrialization of developing nations, the rising construction sector, the high efficacy of fibre cement products, and the prohibition on asbestos cement products. Also, the market players have chances due to the increase in investment in the infrastructure sector. The expansion of the worldwide fibre cement industry is, however, constrained by a lack of competent personnel in developing nations.

Using asbestos cement is linked to serious health risks, including ovarian cancer, lung cancer, and other conditions. As a result, the government agencies' restriction on asbestos cement goods increases demand for fibre cement products including planks, sheets, panels, boards, and others. The expansion in the construction industry is what is driving the global market for fibre cement. Residential, commercial, infrastructural, hospitality, and other top end-use industries have seen a growth in the use of fibre cement. Also, the industry is anticipated to increase quickly due to the residential sector.

However, one of the main issues impeding the growth of the fibre cement market is a lack of competent labour for producing fibre cement products. To ensure the best possible use of equipment, however, businesses provide formal vocational education programmes for personnel. Due to the rise in the construction industry and proactive government measures to raise infrastructure investments, developing nations like India, China, South Africa, Thailand, and others are anticipated to present lucrative growth prospects to the worldwide fibre cement market participants. On the basis of raw material, application, end use, and geography, the fibre cement market is divided into subgroups.

The market is divided into segments based on the raw materials utilised in manufacturing, including cellulosic fibre, silica, and Portland cement. Molding and trimming, siding, roofing, and others are the primary categories used to categorise the construction type segment of the fibre cement market (backerboards, countertops, and ceiling). Residential and non-residential end uses are separated in the market. In 2020, the non-residential sector held the largest market share as a result of an increase in the use of fibre cement materials in infrastructure, commercial, and other projects. The fibre cement market is divided geographically into four areas: North America, Europe, Asia-Pacific, and LAMEA. The region with the highest demand for fibre cement is Asia-Pacific, and it is anticipated that it will continue to hold this position over the predicted timeframe. It is projected that the high rate of fibre cement product adoption in the area would support the growth of the fibre cement market.

Cement Market, By Region

The fibre cement market is dominated by Asia-Pacific, which includes nations like China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific. Many portions of the Asia-Pacific area are seeing an increase in building construction. Real estate sales in emerging nations have risen in recent years due to population growth and rising disposable income. The output of construction in important nations including Thailand, the Philippines, Indonesia, Vietnam, Australia, and others is expanding rapidly. Construction of homes and businesses has advanced significantly in China, encouraged by the country's expanding economy. Hong Kong's housing authority initiated a number of initiatives in China to jump-start the development of affordable housing.

Cement Market, By Raw Material

The market for fibre cement is dominated by the Portland cement category. The majority of Portland cement produced worldwide comes from China. The most popular type of cement, Portland cement, is used to create mortar and concrete. Calcium, silica, alumina, and iron make up Portland cement's main chemical ingredients. It is one of the most extensively utilised building materials in the world since it is affordable and easily accessible.

Market Segmentation

Global Cement Market: Major Players
HeidelbergCement AG
CEMEX S.A.B. de C.V.
Italcementi
Cement Co Northern Nigeria PLC
BUA Group
LafargeHolcim
Dangote Industries
Taiheiyo Cement Corporation

Global Cement Market: By Types
Blended
Portland
Others

Global Cement Market: By Applications
Residential
Commercial
Infrastructure
Others

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Global Cement Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Cement market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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