Worldwide Demand For Portland Cement Market Is Predicted To Rise At A CAGR Of 4.7% by 2033

In its recently released market research report, a provider of market research and competitive intelligence estimates that the global Portland cement market is expected to reach US$4.37 billion in 2023. From 2023 to 2033, the global market is expected to grow at a CAGR of 4.7%.

Numerous industries, such as infrastructure and building, as well as the manufacture of plasters, cement bricks, and screeds, use Portland cement extensively. In the upcoming years, it is anticipated that the building industry's ongoing advances will fuel demand for Portland cement. The market's expansion is further aided by the broad availability of various raw resources, including limestone and other naturally occurring materials, at affordable costs.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭::https://www.factmr.com/connectus/sample?flag=S&rep_id=8836?PJ

Production of Portland cement involves the use of various elements, including silicon, aluminum, iron, and other similar ingredients. Growing demand for concrete, mortar, stucco, and grout is anticipated to boost the sales of Portland cement, as it serves as a fundamental raw material for these essential construction components.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐆𝐫𝐨𝐰𝐭𝐡: As the construction sector expands, the demand for Portland cement increases for various applications, including residential, commercial, and infrastructure projects.

• 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐆𝐫𝐨𝐰𝐭𝐡: Rapid urbanization and a growing global population drive the need for new buildings, roads, bridges, and other infrastructure, boosting Portland cement demand.

• 𝐌𝐚𝐢𝐧𝐭𝐞𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐑𝐞𝐡𝐚𝐛𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐨𝐧 : Existing structures require maintenance, repair, and rehabilitation, leading to continuous demand for Portland cement-based products.

• 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Large-scale infrastructure projects such as airports, highways, and railways rely heavily on Portland cement for their construction.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

• The global Portland cement market stood at US$ 4.17 billion in 2022.
• Worldwide demand for Portland cement is estimated at a market value of US$ 4.37 billion in 2023.
• The market is set to reach US$ 6.92 billion by the end of 2033.
• Sales of Portland cement are projected to increase at a CAGR of 4.7% through 2033.
• The market in China is predicted to advance at a CAGR of 8.3% from 2023 to 2033.
• Sales of Portland cement in Japan are forecasted to increase at a 3.2% CAGR through 2033.
• The German market is predicted to expand at a CAGR of 3.9% over the decade.
• Demand for Portland cement from the commercial sector is projected to rise at 5.5% CAGR from 2023 to 2033.

"Growing demand for construction material, including mortar, concrete, grout, and stucco that require Portland cement as one of the primary ingredients is driving market growth," says a Fact.MR analyst.

𝐑𝐚𝐩𝐢𝐝 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐍𝐞𝐜𝐞𝐬𝐬𝐢𝐭𝐚𝐭𝐢𝐧𝐠 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐔𝐭𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐨𝐫𝐭𝐥𝐚𝐧𝐝 𝐜𝐞𝐦𝐞𝐧𝐭

Significant developments taking place in the construction industry are projected to lead to the rising demand for Portland cement in the next 10 years. Concrete plays a crucial role in the construction sector as one of its pivotal components.

Growing demand for the manufacturing of various structural elements such as road furniture, panels, and beams is expected to drive the demand for Portland cement. Additionally, growing construction activities related to dams, foundations, and roads are contributing to a significant demand for Portland cement from the infrastructure sector.

𝐀𝐝𝐯𝐞𝐫𝐬𝐞 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐚𝐧𝐝 𝐇𝐞𝐚𝐥𝐭𝐡 𝐄𝐟𝐟𝐞𝐜𝐭𝐬 𝐨𝐟 𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐔𝐬𝐞𝐝 𝐢𝐧 𝐏𝐨𝐫𝐭𝐥𝐚𝐧𝐝 𝐜𝐞𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Silica, clay, shells, chalk, and limestone are some prominent raw materials that are used in the production of Portland cement. These elements have certain negative effects on human health and the environment. Inhalation of dust particles can irritate the throat and nose and can make breathing difficult. Exposure to Portland cement can result in various health issues, including asthma, burns, hypertension, and, sometimes, even lung cancer.
The manufacturing, mining, and transportation of Portland cement require a significant amount of heat energy that can result in air pollution. Therefore, governments around the world are implementing stringent rules and regulations for the production of Portland cement, which is adversely impacting expansion opportunities.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐏𝐨𝐫𝐭𝐥𝐚𝐧𝐝 𝐜𝐞𝐦𝐞𝐧𝐭 𝐚𝐫𝐞:-

• CEMEX S.A.B. C.V.,
• China National Building Material Co., Ltd.,
• Buzzi Unicem SpA,
• Italccementi S.p.A.,
• EUROCEMENT Group,
• UltraTech Cement Ltd.,
• Heidelberg Cement AG,
• LafargeHolcim.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐨𝐫𝐭𝐥𝐚𝐧𝐝 𝐂𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭

• 𝐁𝐲 𝐓𝐲𝐩𝐞:

• Gray
• White

• 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞:

• Residential
• Commercial
• Infrastructure

• 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the Portland cement market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights into the market based on type (gray, white) and end use (residential, commercial, infrastructure), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the MEA).

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:https://www.factmr.com/connectus/sample?flag=RC&rep_id=8836?PJ

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This release was published on openPR.