Largest Cement Producer in the World 2023: Top 10 Companies, Biggest Manufacturers & Plant | IMARC Group

Cement refers to a finely milled and grey-colored mineral powder utilized as a binding material in the construction of buildings. It is mostly available in hydraulic, non-hydraulic, blended, and Portland categories which are manufactured by grinding a mixture of clay, limestone, silica, sale, iron ore, and marl. These cement variants harden both in water and air and retain the hardened state once attained. They exhibit excellent durability and strength, provide noise insulation, and help the building structures withstand chemical attacks and extreme changes in climatic conditions. Consequently, cement products find extensive applications in residential, industrial, and commercial constructions across the globe.

According to IMARC Group, the global cement market size reached US$ 363.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 518.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.22% during 2023-2028.

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Some of the top 10 Cement Manufacturing Companies in World 2023 being:

• China National Building Material Co., Ltd. (CNBM)
• LafargeHolcim Ltd.
• Anhui Conch Cement Co., Ltd.
• Heidelberg Cement AG
• CEMEX S.A.B. de C.V
• UltraTech Cement Ltd.
• Votorantim Participações S. A.
• InterCement Brasil S.A.
• CRH PLC
• Buzzi Unicem USA, Inc.

Explore Complete Blog by IMARC Group Top 10 Cement Companies: https://www.imarcgroup.com/top-10-cement-companies-worldwide

The growing urbanization and the increasing requirement for residential buildings, on account of the expanding population, are among the key factors driving the cement manufacturing companies. In addition to this, the elevating number of renovation, remodeling, and reconstruction projects across countries and the launch of mega infrastructure projects are acting as significant growth-inducing factors. In line with this, the inflating investments by government bodies for improving the existing infrastructure, which includes roads, railway tracks, bridges, flyovers, etc., for enhanced connectivity to remote areas are also positively influencing the global market.

Moreover, the emerging trend of studio apartments and private bungalows and the introduction of green cement to construct eco-friendly and sustainable buildings that will aid in reducing harmful emissions and supporting environmental health are further stimulating the market growth. Besides this, the rising need for precast materials, including blocks, roof panels, and tiles, and the escalating expansion of hotels, cafes, and restaurant business to support tourism are expected to propel the cement manufacturing companies in the coming years.

Explore Complete Research Report on Cement Market 2023: https://www.imarcgroup.com/cement-manufacturing-plant

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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