Portland Cement Market

Market Overview:
The global market for Portland cement was valued at USD 3.9 billion in 2022 and is projected to increase at a compound annual growth rate (CAGR) of 4.6% to reach USD 5.6 billion by 2030.

Because of its great compressive strength and hardness, Portland cement is mostly utilized in armored vehicles and personal shields to prevent bullet penetration. Soft ballistic vests typically have ceramic plates as inserts. Portland cement is a growing industry that offers numerous prospects in the defense and military industries.

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Market Dynamics:
Increased Population, Increasing Urbanization, and Emphasis on Sustainable Building

The tremendous growth in the portland cement market is being driven by several significant factors. As more people inhabit the planet, the demand for housing, infrastructure, and commercial buildings increases. Thus, there is a rise in the need for construction materials like portland cement.

Another crucial factor is the rate of urbanization. As of 2021, more than 55% of people on Earth were urban inhabitants, and according to UN analysts, that percentage will climb to 68% by 2050. This urbanization trend has resulted in the creation of new cities, office buildings, residential complexes, and infrastructure developments, all of which are heavily dependent on the market.

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Portland Cement Market Companies:
The major global players in the market include Dangote Cement, LafargeHolcim, Cemex, HeidelbergCement, Anhui Conch Cement, China National Building Material (CNBM), Taiwan Cement Corporation, Votorantim Cimentos, CEMEX Group and Buzzi Unicem.

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