Select Language
COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
Market Overview:
The global cement market reached a volume of 4.91 Billion Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Cement is one of the commonly used binding materials in the construction industry worldwide. It is characterized by a grey color and manufactured by grinding a mixture of clay and limestone. It is mixed with water to form a hard mass, which acts as an adhesive for masonry. It is largely bifurcated into two kinds, including hydraulic and non-hydraulic, depending on the ability of the cement to set in the presence of water. While hydraulic cement sets due to the chemical reaction between water and the dry ingredients, non-hydraulic cement offers optimal resistance against chemicals by reacting with the carbon dioxide in the environment.
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
To get more information about this market, Request Sample
Cement Market Trends:
The market is primarily driven by a significant rise in construction activities across the globe. This can be accredited to the growing population, rising trends of the nuclear family and the escalating demand for residential spaces. Besides this, the development of mega infrastructure projects, especially in emerging economies, is acting as another major growth-inducing factor. Moreover, governments of various countries are investing heavily on enhancing the existing infrastructure, which is contributing to the market growth. The growing environmental concerns, coupled with technological advancements in the production process, are also driving the market. For instance, as the inclusion of thermal energy in the manufacturing of cement ensures a low carbon footprint, it is widely adopted by manufacturers of different end use industries. Additionally, improving focus on sustainable development has resulted in shifting preferences toward green construction. This, along with the escalating demand for green buildings, is positively influencing the sales of sustainable and green cement as it minimizes CO2 emissions generated during their production. The increasing purchasing power of individuals and rapid industrialization are other factors expected to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cement market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on type and end-use.
Breakup by Type:
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
To get more information about this market, Request Sample
Blended cement represents one of the most preferred types as it has a fine texture and offers lower permeability.
Breakup by End Use:
At present, the residential segment exhibits a clear dominance in the market on account of the growing global population and the rising demand for houses.
Breakup by Region:
www.imarcgroup.com
To get more information on the regional analysis of this market, Request Sample
The Asia Pacific currently enjoys the leading position in the market on account of the increasing infrastructure projects in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd. and HeidelbergCement AG.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| Units | Billion Tons, US$ Billion |
| Segment Coverage | Type, End-Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd and HeidelbergCement AG |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global cement market reached a volume of 4.91 Billion Tons in 2020.
We expect the global cement market to exhibit a CAGR of around 5% during 2021-2026.
A significant rise in construction activities pertaining to the development of mega infrastructure projects along with the elevating levels of urbanization are currently driving the global cement market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the temporary halt in numerous construction activities, thereby limiting the demand for cement.
Based on the type, the global cement market has been bifurcated into blended, portland, and others. Currently, blended cement holds the majority of the total market share.
Based on the end use, the global cement market can be segmented into residential, commercial, and infrastructure. Among these, the residential sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global cement market include CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd, HeidelbergCement AG, etc.
10% Free customization
Purchase Options
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at
sales@imarcgroup.com