2023 Market Price and Trends Analysis in the Global Cement Market - Latest Research Report Till 2028 - IMARC

According to the latest report by IMARC Group, titled "Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," 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 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.

Cement is a critical material in the construction industry, typically comprised of limestone, clay, and other minerals. The mixture is heated in a kiln to form a hard substance known as clinker, which is then ground with a small amount of gypsum to produce cement. The primary function of cement is to act as a binding agent in concrete, providing rigidity and strength to the structure. It plays a significant role in bonding various components together in a way that withstands various environmental factors, demonstrating its robustness and resilience. Cement, when mixed with water, undergoes a chemical reaction known as hydration, leading to a gradual hardening process that provides inherent strength to structures.

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Global Cement Market Trends:

The market is majorly driven by the rapid urbanization across the globe. In line with this, considerable growth in the construction and infrastructure development driven by both public and private investments is propelling the product demand. Additionally, continual advancements in cement manufacturing technologies, leading to increased efficiency and reduced environmental impact, are favoring the market growth.

Also, the rising trend towards sustainable cement production, such as the usage of alternative fuels and raw materials, is impacting the market positively. In line with this, rising concerns regarding high carbon dioxide emissions is resulting in an increasing emphasis on green cement with lower carbon emissions.

By the IMARC Group, Some of the Top 5 Cement Manufacturing Companies Operating in the Market are Given Below:

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

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/cement-manufacturing-plant

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 (2017-2022)
• Market Outlook (2023-2028)
• 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

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.

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