Lack of favourable export policies: Hindering cement industry growth in developing region
According to Goldstein Research, “Cement is an integral part of the construction industry which is majorly used for producing concrete. Wide applications of cement for infrastructural activities are contributing to the growth of cement industry across the globe. Transportation of cement over 400 km is commercially unviable due to its low value, bulk and freight intensive commodity. However, this drawback is expected to bring ample of opportunities for the region and local cement manufacturers to strengthen their market dominance.”
Global Cement Market Outlook 2024
Global cement market is segmented on the basis of product type and by end users. Residential segment of end-user accounted for a colossal share of the global cement market in 2016. Residential segment held 42% revenue share of the global cement market in 2016 and is expected to hold over 60% shares by 2024. Rising urbanization is increasing needs for new accommodations. Growing number of construction of projects for building new residential units are driving the growth of this end-user segment.
Global cement market valued USD 0.4 trillion in 2016 and is projected to grow at notable CAGR during the forecast period. North America and Europe are the mature market for the cement industry and is expected to witness steady growth during the forecast period. North America and Europe together accounted for 26% share of the global cement market in 2016.
Green Cement: New alternative for Portland cement
Lowering the carbon emission is becoming a major concern for every industry and thereby increasing the alternatives and regulations to lessen the environmental impact. Cement industry accounted for nearly 5% of global CO2 emission and to reduce this impact Portland Cement Association are targeting to reduce CO2 emissions 10% from cement industry by 2020. Limestone calcined clay cement and fly ash cement are proving as major substitutes for ordinary Portland cement.
Global Cement Market
The report contains a detailed overview of the global Cement market in terms of market segmentation by product type and by end users.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global cement market also provides competitive outlook of some of the major players of global cement market which includes profiling of companies such as Anhui Conch Cement, CEMEX, CNBM International, HeidelbergCement, Sinoma, LafargeHolcim, Ultra Tech Cement, China Resources Cement Holdings, Taiheiyo Cement, China Tianrui Group Cement, Dalmia Bharat, Lucky Cement, Buzzi Unicem, CIMPOR, UBE Industries, EUROCEMENT,Italcementi, Taiwan Cement, Votorantim, Jidong Development, Aditya Birla Group, Shanshui, Jaypee, India Cements Ltd, Titan, Mitsubishi Materials, Vicat , VICEM, JK Cement and Madras Cement Ltd. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global cement market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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