Philippines Cement Industry Sector Boom M&A Deals To 2031 | Top Cement Companies - Century Peak Cement, Eagle Cement, Taiheiyo Cement Corporation, Big Boss Cement Inc

Market Size and Growth

As per DataM Intelligence Experts Research Report Philippines cement market is estimated to grow at a high CAGR during the forecast period (2024-2031)

Philippines Cement Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Philippines Cement Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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The Philippines Cement refers to the production, import, distribution, and consumption of cement across the country, driven by construction and infrastructure growth. It includes local manufacturing and imports, primarily from Vietnam, amid evolving trade policies and capacity expansions.

Key Players:

Cemex Philippines
CRH
Century Peak Cement
Eagle Cement
Taiheiyo Cement Corporation
Holcim
San Miguel Corporation
Northern Cement Corporation

Key Development:

In March 2023, house prices in the Philippines surged 10.2% YoY, up from 7.7% the previous quarter, driving construction demand. Luxury condo sales also jumped 54% in 2022 with nearly 20,000 units sold.

In 2021, 91% of the 7.11Mt cement imports (6.47Mt) came from Vietnam. Total imports rose 14% YoY, while Vietnam's share grew 20%. Local cement capacity increased 23% YoY to 35Mt in early 2022, with projections to reach 54.8Mt by 2025 to meet an expected 66Mt demand.

To protect local producers, the Department of Trade and Industry raised the cement import duty from US$0.19 to US$0.20 per 40kg bag after CeMAP's petition, which had called for a US$0.25 rate amid rising imports from surplus-producing nations like Vietnam.

Growth Forecast Projected:

The Global Philippines Cement Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Philippines Cement Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: (Portland, Blended, Others)

By Cement Grinding Technology: (Ball Mills, Vertical Roller Mills, Roller Presses, Others)

By Application: (Commercial & Infrastructure, Residential, Industrial)

Regional Analysis for Philippines Cement Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Philippines Cement producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Philippines Cement revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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This release was published on openPR.