Global Cement Market Set for Strong Growth as Infrastructure and Green Construction Drive Demand in 2025 | DataM Intelligence

Market Size and Growth:

The Global Cement Market reached USD 392.5 billion in 2022 and is expected to reach USD 703.7 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

Cement Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Cement Market encompasses the production, distribution, and consumption of cement a key binding material made from limestone, clay, and other minerals. It is widely used in construction for concrete, mortar, and infrastructure projects. Market dynamics are driven by urbanization, infrastructure development, housing demand, and innovations in sustainable and high-performance cement products.

Industry News of USA and Japan:

USA:

CRH acquires Eco Material Technologies ($2.1 billion):

CRH announced it will acquire Eco Material Technologies, a Utah-based company specializing in near-zero carbon cement and supplementary cementitious materials, to bolster its North American low-carbon cement offerings.

Japan:

Decline in use of post-consumer materials for cement:

Japanese cement producers used 21.9 million tonnes of waste and by-products in FY 2024 a 3% year-on-year decrease, marking the third straight annual drop. Coal ash and blast furnace slag usage fell, though post-consumer plastics rose. Total cement production (including exports) declined by 3% to 45.7 million tonnes.

Key Players:

China National Building Material Group Corporation
CEMEX, S.A.B. de C.V.
HOLCIM
Heidelberg Materials
UltraTech Cement Ltd
InterCement
LafargeHolcim
The Siam Cement Group
Titan Cement Company S.A.
Votorantim Cimentos
Takata Corporation.

Growth Forecast Projected:

The Global 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 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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Market Segmentation:

By Type: Portland, Blended, Others.

By Cement Grinding Technologies: Ball Mills, Vertical Roller Mills, Roller Presses, Others.

By Application: Commercial and Infrastructure, Residential, Industrial.

Regional Analysis:

⇥ 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)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Cement market?

➠ Who are the leading manufacturers in the global Cement industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Cement industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Cement market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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