Cement Market Global Industry Size Share Trend and Forecast To 2022

Market Overview:

Cement is a key binding substance that is intended for use in building or construction material and utilized as a prime part of the main mixtures for construction. Cement is referred as one of the most used material in the world due to widespread use in construction activities.

High disposable income and increasing number of nuclear families and rising need for accommodation development are some factors which drive the market of cement. Moreover, growing demand for housing, rapid urbanization among others are encouraging factors for cement market. Government initiatives for providing good infrastructure facility, roads and bridges are further fueling the demand for cement market. However, the rising production cost makes these features unaffordable for consumers and hamper the market of cement. Global cement market is expected to grow at a CAGR of approximately 8% during the forecast period.

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Market Strategic:
The global market of cement is growing rapidly. Focus towards construction, and infrastructural development makes cement popular among manufacturers. Mortar and concrete is estimated to account for the largest share in the cement market. Moreover, government is also pushing the market of cement for better infrastructure facility to support increasing population in emerging nations. Whereas high capital costs and long gestation periods acts as a significant entry barrier. New trend shows that China leads the market followed by India in cement production. Overall, demand for cement is expected to rise notably during the next few years.

Market Research Future Analysis:

Market Research Future analysis shows that the global market of Cement market is estimated to grow at a CAGR of around 8% during the forecast period. Growing consumer demand for construction, infrastructural developments are the major factors which are driving the market of Cement. Sustained growth in housing sector, government emphasis on infrastructure and increased global demand exceeding the demand for cement industry and resulted into improved efficiency, transportation and logistics.

Asia-Pacific region is leading the market of Cement in terms of value. This is because of the growth in construction industry and rapidly rising urban population are the boosting factors for the market. Cement demand is growing in housing and infrastructure sector. The Government's thrust on housing and infrastructure development ,various initiatives like rural employment guarantee ,low cost housing in urban and rural area under schemes and other fuel the market cement demand.

Key Players:
Lafarge,
Holcim Ltd,
Anhui Conch Cement Company Ltd,
HeidelbergCement AG,
Jidong Development Group Co. Ltd.,
CEMEX S.A.B. de C.V.,
China National Building Material Company Ltd.,
UltraTech Cement Limited,
Mitsubishi Materials Corporation,
Shanshui Cement Group Ltd.

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