Cement Market - Global Industry Analysis 2019

Cement is the most vital binding element in any form of construction activity and when used in combination with other ingredients, it is a major part of two of the main mixtures used in construction: concrete and mortar.

Understanding the significance of cement in the construction and building sector, the research report analyzes the global cement market and offers a wide array of data with respect to market size and share, growth drivers and restraints, key players in the market, recent developments in the industry, major applications and end users, forces of demand and supply, consumption patterns, geographical segmentation, and imports and exports.

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Overview of the global cement market

The cement industry is largely propelled by the surge in building and construction activities around the globe. Advancement in technologies, growing demand for housing, higher disposable incomes, and rise in the number of nuclear families are factors that have translated into increasing demand for cement from the building and construction sector. It is no wonder then that the Asia-Pacific region holds the largest share of the global cement market as far as consumption is concerned. Emerging economies such as India and China have been consistently contributing towards the demand for cement with the rise in number of residential and commercial buildings.

Other developing countries such as Brazil hold immense potential for growth due to rapid urbanization and industrialization, and rise in disposable income. Countries in Europe and North America have also observed a healthy growth rate thanks to a steady demand for cement.

However, there are some factors that pose to threaten the market during the course of the forecast period from 2013 to 2019. Rising incidences of lung cancer caused by cement dust and the energy-intensive cement manufacturing process are expected to inhibit the expansion of the market.

The research report segments the global cement market into two types: Portland cement and white cement. While Portland cement is mostly used as construction material in residential, commercial, and industrial projects, white cement is mainly used for decorative applications such as increasing the visual appeal of construction projects.

The demand for Portland cement is being hampered by the growing demand for blended and various other types of cement. Moreover, the manufacturing process of Portland cement causes the emission of carbon and other harmful elements, which has led to governments imposing stringent regulations restricting its use.

Companies mentioned in the research report

The key players in the global cement market include China National Materials Co., Lafarge SA, Jaypee Cement, Titan, Cemex, Siam, Dangote, CNBM, and Mitsubishi Materials. The research study on the global industry discusses various sales, marketing, and innovation strategies adopted by different market players, trends, mergers and acquisitions in recent times, impact of government regulations, and the profit-making and loss-incurring players in the global and domestic scenario.

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With the help of SWOT analysis and Porter’s five forces analysis, the research study evaluates the presence and impact of the key elements of the global cement industry.

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