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Press Release:

Global Cement Market to Reach US$ 488.4 Billion by 2027, Spurred by Introduction of Sustainable Production Methods

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Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cement market reached a value of US$ 344.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 488.4 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027. 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.

 

 
 

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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 2022-2027. Our report has categorized the market based on type and end-use.

Breakup by Type:

 

 
 

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  • Blended
  • Portland
  • Others
     

Portland cement represents one of the most preferred types as it offers great resistance to shrinkage and cracking.

Breakup by End Use:

  • Residential
  • Commercial
  • Infrastructure
     

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:

 

 
 

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  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa
     

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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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 Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Cement Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
    5.3    Impact of COVID-19
    5.4    Price Analysis
        5.4.1 Key Price Indicators
        5.4.2 Price Structure
        5.4.3 Margin Analysis
    5.5    Market Breakup by Region
    5.6    Market Breakup by Type
    5.7    Market Breakup by End-Use
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Quarrying/Mining
        5.10.2    Primary Processors
        5.10.3    Manufacturers
        5.10.4    Large Construction Firms and Exports
        5.10.5    Retailers and Departmental Stores
        5.10.6    End-Consumers
    5.11    Porter’s Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Key Market Drivers and Success Factors
6   Performance of Key Regions
    6.1    Asia Pacific
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    North America
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Europe
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Latin America
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Middle East and Africa
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market by Type
    7.1    Blended
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Portland
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market by End-Use
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Infrastructure
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Competitive Landscape
    9.1    Market Structure
    9.2    Production Capacities of Key Players
10  Cement Manufacturing Process
    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11  Project Details, Requirements and Costs Involved
    11.1    Land Requirements and Expenditures
    11.2    Construction Requirements and Expenditures
    11.3    Plant Layout
    11.4    Plant Machinery
    11.5    Machinery Pictures
    11.6    Raw Material Requirements and Expenditures
    11.7    Raw Material and Final Product Pictures
    11.8    Packaging Requirements and Expenditures
    11.9    Transportation Requirements and Expenditures
    11.10    Utility Requirements and Expenditures
    11.11    Manpower Requirements and Expenditures
    11.12    Other Capital Investments
12  Loans and Financial Assistance
13  Project Economics
    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation and Depreciation
    13.5    Income Projections
    13.6    Expenditure Projections
    13.7    Financial Analysis
    13.8    Profit Analysis
14  Key Player Profiles
    14.1    CNBM International Corporation
    14.2    LafargeHolcim Ltd
    14.3    Anhui Conch Cement Co., Ltd.
    14.4   Jidong Development Group Co., Ltd.
    14.5   HeidelbergCement AG

 
List of Figures

Figure 1: Global: Cement Market: Major Drivers and Challenges
Figure 2: Global: Cement Market: Volume Trends (in Billion Tons), 2016-2021
Figure 3: Global: Cement Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Cement Market: Price Structure (in US$/Ton)
Figure 5: Global: Cement Market: Breakup by Region (in %), 2021
Figure 6: Global: Cement Market: Breakup by Type (in %), 2021
Figure 7: Global: Cement Market: Breakup by End-Use (in %), 2021
Figure 8: Global: Cement Market Forecast: Volume Trends (in Billion Tons), 2022-2027
Figure 9: Global: Cement Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 10: Global: Cement Industry: SWOT Analysis
Figure 11: Global: Cement Industry: Value Chain Analysis
Figure 12: Global: Cement Industry: Porter’s Five Forces Analysis
Figure 13: Asia Pacific: Cement Market (in Million Tons), 2016 & 2021
Figure 14: Asia Pacific: Cement Market Forecast (in Million Tons), 2022-2027
Figure 15: North America: Cement Market (in Million Tons), 2016 & 2021
Figure 16: North America: Cement Market Forecast (in Million Tons), 2022-2027
Figure 17: Europe: Cement Market (in Million Tons), 2016 & 2021
Figure 18: Europe: Cement Market Forecast (in Million Tons), 2022-2027
Figure 19: Latin America: Cement Market (in Million Tons), 2016 & 2021
Figure 20: Latin America: Cement Market Forecast (in Million Tons), 2022-2027
Figure 21: Middle East and Africa: Cement Market (in Million Tons), 2016 & 2021
Figure 22: Middle East and Africa: Cement Market Forecast (in Million Tons), 2022-2027
Figure 23: Global: Blended Cement Market (in Million Tons), 2016 & 2021
Figure 24: Global: Blended Cement Market Forecast (in Million Tons), 2022-2027
Figure 25: Global: Portland Cement Market (in Million Tons), 2016 & 2021
Figure 26: Global: Portland Cement Market Forecast (in Million Tons), 2022-2027
Figure 27: Global: Other Cement Market (in Million Tons), 2016 & 2021
Figure 28: Global: Other Cement Market Forecast (in Million Tons), 2022-2027
Figure 29: Global: Cement Market: Residential (in Million Tons), 2016 & 2021
Figure 30: Global: Cement Market Forecast: Residential (in Million Tons), 2022-2027
Figure 31: Global: Cement Market: Commercial (in Million Tons), 2016 & 2021
Figure 32: Global: Cement Market Forecast: Commercial (in Million Tons), 2022-2027
Figure 33: Global: Cement Market: Infrastructure (in Million Tons), 2016 & 2021
Figure 34: Global: Cement Market Forecast: Infrastructure (in Million Tons), 2022-2027
Figure 35: Cement Manufacturing Plant: Detailed Process Flow
Figure 36: Cement Manufacturing: Conversion Rate of Feedstocks
Figure 37: Cement Manufacturing Plant: Proposed Plant Layout
Figure 38: Cement Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 39: Cement Industry: Profit Margins at Various Levels of the Supply Chain
Figure 40: Cement Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Cement Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cement Market Forecast: Breakup by Region (in Million Tons), 2022-2027
Table 3: Global: Cement Market Forecast: Breakup by Type (in Million Tons), 2022-2027
Table 4: Global: Cement Market Forecast: Breakup by End-Use (in Million Tons), 2022-2027
Table 5: Global: Cement Market: Competitive Structure
Table 6: Global: Cement Market: Production Capacity Major Key Players
Table 7: Cement Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Cement Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Cement Manufacturing Plant: Costs Related to Crushing Unit Machinery (in US$)
Table 10: Cement Manufacturing Plant: Costs Related to Raw Mill Machinery (in US$)
Table 11: Cement Manufacturing Plant: Costs Related to Raw Meal Homogenizing Unit Machinery (in US$)   
Table 12: Cement Manufacturing Plant: Costs Related to Clinker Unit Machinery (in US$)
Table 13: Cement Manufacturing Plant: Costs Related to Coal Powder Unit Machinery (in US$)
Table 14: Cement Manufacturing Plant: Costs Related to Cement Powder Milling Unit Machinery (in US$)    
Table 15: Cement Manufacturing Plant: Costs Related to Cement Packaging Unit Machinery (in US$)    
Table 16: Cement Manufacturing Plant: Summary of Machinery Costs (in US$)    
Table 17: Cement Manufacturing Plant: Raw Material Requirements and Expenditures
Table 18: Cement Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 19: Cement Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 20: Details of Financial Assistance Offered by Financial Institutions
Table 21: Cement Manufacturing Plant: Capital Costs (in US$)
Table 22: Cement Manufacturing Plant: Techno-Economic Parameters
Table 23: Cement Manufacturing Plant: Taxation and Depreciation
Table 24: Cement Manufacturing Plant: Income Projections (in US$)
Table 25: Cement Manufacturing Plant: Expenditure Projections (in US$)
Table 26: Cement Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 27: Cement Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 28: Cement Manufacturing Plant: Profit and Loss Account (in US$)

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Key Questions Answered in This Report

The global cement market reached a value of 344.5 Billion US$ in 2021.  

We expect the global cement market to exhibit a CAGR of 6.1% during 2022-2027.

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, portland 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.

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