Cement Market Report 2022-2027
According to IMARC Group’s latest report, titled “Cement Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information about the global cement market. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market.
The global cement market reached a value of US$344.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$488.4 billion by 2027, posting a CAGR of 6.1% over the period 2022-2027. Cement is a powdery substance that acts as a binder and has properties that help hold or join other materials. It is generally used in fine powders of inorganic materials, and the fundamental constituents are, among others, chalks, shells, calcium silicate and limestone. It can be categorized into two groups, namely natural cement and Portland cement. Natural cement is brown in color and sets very quickly when mixed with water. On the other hand, Portland cement is made from chalk and clay, which hardens under water and resembles the color of Portland stone when hard.
Overview of Covid-19:
Cement is an essential constituent in various tops of the industry like paints and coatings sector, alongside building and construction units. However, due to the unfavorable situation of the pandemic, confinement was imposed and the works had to stop halfway for a considerable period. As a result, the demand for cement has decreased significantly. In addition, governments of various countries imposed many restrictions on functional segments such as production and manufacturing, which led to decline in cement market revenue and increased inability to meet the overall demand.
Request a free sample report: https://www.imarcgroup.com/cement-manufacturing-plant/requestsample
Global Cement Market Trends:
The global market is mainly driven by the growing demand for public infrastructure and non-residential buildings. In this light, the increasing demand from the expanding construction sector is positively influencing the market. Moreover, the increasing adoption of green cement to construct green and sustainable buildings is creating a positive outlook for the market. Apart from this, the growing need to build institutional structures for the education and health sectors is accelerating the demand for cement. Moreover, rapid urbanization is driving steady growth of cities, which, in turn, is expected to contribute to market growth. In addition, the increasing construction of rail networks across major cities and intra-regional rail links is likely to complement product demand. Moreover, the rapid industrialization and increasing population are creating numerous growth opportunities for the major players in the market.
By IMARC Group, the report has also analyzed the competitive landscape of the market with some of the major cement manufacturing companies being
• CNBM International Corporation
• Anhui Conch Cement Co., Ltd.
• Jidong Development Group Co., Ltd.
• LafargeHolcim Ltd.
• HeidelbergCement AG
Best cement manufacturing companies in the world 2022: https://www.imarcgroup.com/cement-manufacturing-companies
Key Market Segmentation:
Breakdown by type:
Breakdown by end use:
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/cement-manufacturing-plant
Breakdown by region:
• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Impact of COVID-19 on the market
• Porter’s five forces analysis
• Historical, current and future market trends
• Market drivers and success factors
• SWOT analysis
• Market structure
• Value chain analysis
• Complete mapping of the competitive landscape
Table of contents of the report:
• Scope and methodology
• Global market
• SWOT analysis
• Value chain analysis
• Price analysis
• Competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
Browse the latest research report 2022-2027:
• Report on the green cement market: https://www.imarcgroup.com/green-cement-market
• Report on the white cement market in South Africa: https://www.imarcgroup.com/south-africa-white-cement-market
• Report on the white cement market in East Africa: https://www.imarcgroup.com/east-africa-white-cement-market
• Report on the wall putty market in South Africa: https://www.imarcgroup.com/south-africa-wall-putty-market
• Report on the prefabricated buildings market: https://www.imarcgroup.com/pre-engineered-building-market
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