The global cement market reached a value of US$ 344.5 Billion in 2021. Cement refers to a material used for construction that sets, hardens, and adheres to other building materials, binding them together. It is manufactured by grinding a mixture of clay and limestone and appears as a grey, dry and powdery substance. Cement is widely used to make mortar and concrete employed in mass construction, including industrial estates, dwellings, and civil works.
As per the analysis by IMARC Group, the top companies in the cement industry are focusing on conducting business ethically and accepting their corporate social responsibility (CSR) owing to the implementation of stringent government regulations. Additionally, the growing environmental concerns and depleting fossil fuels have prompted the leading cement manufacturers to develop innovative production methods and formulations, such as acquiring power from renewable sources to minimize carbon emissions. Besides this, several key players are offering various types of cement to fulfill the physical and chemical requirements, such as strength and durability, of different construction applications. They are also expanding their product portfolio and production capacity to meet the escalating cement demand due to the development of mega infrastructure projects. Furthermore, recent advancements in surface treatments and admixtures of white cement, and extensive investments in research and development (R&D) activities are offering lucrative opportunities to the market players. Other factors, including the launch of green cement and blended cement, shifting focus toward sustainable development, and continuous up gradation in the production process, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 488.4 Billion by 2027, growing at a CAGR of 6.1% during 2022-2027.
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Top Cement Companies in the World:
CNBM International Corporation
Headquarters: Beijing, China
CNBM International Corporation is a state-owned company operating under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council. It is one of the leading cement manufacturers in the Asia Pacific green cement industry. CNBM distributes:
- Building Materials
- Construction Machinery
- Coal Products
- New Energy Products via offline stores and online retail platforms.
Its aim for the upcoming years is to transform itself into a leading global brand for construction materials through innovation and reform and strengthen the overall supply chain management. Currently, the company is focusing on developing and cultivating the domestic and international markets, enhancing the procedure and information system, improving the ability to organize resources, and providing value-added services under a professional team and a learning organization.
Headquarters: Zug, Switzerland
Formerly known as LafargeHolcim Ltd., Holcim is a leading European building material and solutions company. It primarily operates through four segments, including cement, aggregates, ready-mix concrete, and solutions and products. It manufactures:
- Hydraulic Binders
- Cementitious Materials
- Crushed Stone
- Gravel, and Sand
- Ready-mix Concrete
- Precast Concrete Products
Moreover, the company in This European cement manufacturer offers products used in infrastructure projects, such as roads, dams, mines, ports, data centers, stadiums, wind farms, and electric power plants.
Anhui Conch Cement Co., Ltd.
Headquarters: Wuhu, China
Anhui Conch Cement Co., Ltd. is one of the leading manufacturers of cement and commodity clinker. It produces:
- Silicate Cement
- Slag Silicate Cement
- Composite Silicate Cement
- Cement Clinkers
The company markets and sells its products across the globe. Its main cement products include 32.5-grade, 42.5-grade and 52.5-grade cement, which is utilized to construct large-scale infrastructures, such as airports, railways, expressways, hydraulic power, and urban property.
Jidong Development Group Co. Ltd.
Headquarters: Hebei, China
Jidong Development Group Co., Ltd is a leading manufacturer of construction materials. The company is primarily engaged in producing and selling cement, concrete, gravel aggregates, and other materials. It also deals in equipment manufacturing, real estate development, and other businesses.
Headquarters: Heidelberg, Germany
HeidelbergCement AG is a German multinational company that primarily manufactures building products used to construct houses, infrastructure, and commercial and industrial facilities. It operates majorly in segments such as cement, aggregates, ready-mixed concrete-asphalt, and service-joint ventures. Its cement mixer and the aggregates segment focus on raw materials for concrete, namely cement and aggregates, such as sand, gravel, and crushed rock.
IMARC Group provides an analysis of the region-wise report, asia pacific exhibits a clear dominance in the market. Other regions include India, North America, Europe, East Africa, and West Africa, and Latin America.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global cement market, which has enabled the clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development