The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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.
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