Cement Market to Witness Steady Expansion During 2016 - 2024

Global Cement Market: Overview

The cement market is expected to soon witness an annual increase in demand, which could exceed supply, with the recent decline in capacity addition, especially in Asia Pacific (APAC) countries such as India. This may also prepare a platform for an imposing price appreciation in the future. However, new government regulations or changes in the nation’s financial system could affect the demand; for instance, the recent demonetization in India. Nevertheless, even with a small revival in the cement industry, the volume growth is anticipated to improve.

Some of the African cement companies have taken a new route to better their market penetration tactics. BUA Cement in Nigeria would be embarking on productive operational framework and effective service delivery to augment its market share and reach a mammoth production target in a few years’ time.

In a comprehensive report, Transparency Market Research (TMR) analyzes the global cement market through conclusive segmentation. One of the key classifications mentioned in the report is type, which introduces two significant varieties of cement.

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An in-depth evaluation of the international cement market discussed in the report explores the product value chain and intensity of competition on the basis of Porter’s five forces model. Taking into account decisive factors such as the threat of new entrants, bargaining strength of buyers, and alternative products, the report presents an all-encompassing study of the market’s competitive landscape. It also studies the vital elements of the market using SWOT analysis, including the impact of their presence.

Global Cement Market: Drivers and Restraints

The cement industry immensely relies on construction and building activities. Concrete and mortar are two of the most common products in the construction industry that use cement as a major ingredient. Any escalation in the global construction or building activities will spur the market largely. Other factors that could influence the rise in the worldwide market include escalating number of nuclear families, rising need for accommodation, development in technology, and excessive disposable income.

If the restraints are considered, the global cement market could experience a cutback in its flourish in terms of expansion with the energy-intensive manufacturing procedure for cement production. The danger of getting exposed to diseases such as lung cancer is another restraint that could arrest the growth of the market.

Global Cement Market: Regional Outlook

In terms of consumption, APAC outpaces other regions in the global cement market by securing the largest share on the back of developing economies of countries such as China and India. With a considerable increase in the number of business and residential installations, APAC’s emerging nations have remarkably added to the demand for cement in the region. North America and Europe are predicted to invite a stable demand in the market with a profitable growth rate. Riding on disposable income and swift industrialization and urbanization, Brazil is foreseen to witness a tremendous growth potential.

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Global Cement Market: Company Profiling

In a detailed study about the leading vendors in the international cement market, the report interprets their sales and marketing schemes, top mergers and acquisitions, latest innovations, and other critical factors. CNBM, Dangote, Mitsubishi Materials, CEMEX, Siam, Jaypee Cement, China National Materials Co., Lafarge SA, and Titan are the key players evaluated.

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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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This release was published on openPR.