Cement market will grow at a rate of 3.25% for the forecast period of 2021 to 2028. Rise in the demand for residential construction acts as a vital factor driving the growth of cement market.
Cement is defined as a type of binding agent which sets and hardens to adhere to building units such as stones, bricks, and tiles. It is a grey powder which is mixed with water and sand to make mortar, or with water, sand, and small stones to make concrete. Cement is the combination of calcium, silicon, iron, aluminium, and gypsum.
Rise in the infrastructure investments for commercial use is the vital factor escalating the market growth, also rise in the population, increase in the rapid urbanization, increase in the requirement for construction of hospitals and institutional buildings, rise in the presence of large number of manufacturers and increase in the investments in the construction industry across the globe are the major factors among others driving the cement market. Moreover, rise in the research and development activities and increase in the technological advancements and modernization in the production techniques will further create new opportunities for the cement market in the forecast period of 2021- 2028.
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The major players covered in the cement market report are Drake Cement, UltraTech Cement Ltd, InterCement, CNBM International Corporation, HeidelbergCement, CEMEX S.A.B. de C.V, KLG Ecolite, Nuvoco Vistas Corporation Limited, Spectra Logistics Private Limited, VA TRADING COMPANY, K V R SONS, Tatiya Trade Link, M/s Nirmal World Private Limited and Tiger Cement Pvt. Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Cement Market Report:
Cement market is segmented on the basis of application and product. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the cement market is segmented into residential construction and non-residential construction.
- The cement market is also segmented on the basis of product into portland cement and others.
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Cement Market Regional Analysis/Insights
The Cement market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Cement market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Cement within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Cement market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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