The global cement market reached a volume of 4.91 Billion Tons in 2020. Cement refers to a binding material widely used for construction purposes that is manufactured by grinding a mixture of clay and limestone. Numerous other materials, such as shale, clay, slate, chalk, silica sand, iron ore and blast furnace slag, are heated at high temperatures to form a rock-like substance that is grounded into fine powder to form cement. Characterized by a grey color, it is mixed with water to form a hard mass that is used as an adhesive for masonry. Depending upon its ability to set in the presence of water, cement is largely bifurcated into two kinds – hydraulic and non-hydraulic. 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.
Global Cement Market Drivers:
The market for cement is primarily driven by a significant rise in construction activities across the globe. Owing to rapid population expansion, there has been a substantial rise in the need for residential spaces, which has facilitated the construction of housing complexes. The development of mega infrastructure projects around the world, especially in emerging economies, is acting as another major growth-inducing factor. For instance, prominent infrastructural projects, such as the construction of Al Maktoum International Airport in Dubai and the South-North Water Transfer Project in China, are expected to significantly bolster the sales of cement. In line with this, governments of various countries across the globe are investing heavily to enhance the existing infrastructure, which is projected to further contribute to the market growth. Growing environmental concerns, coupled with technological advancements in the production process, is also driving the market toward growth. For instance, the inclusion of thermal energy in the manufacturing of cement ensures a low carbon footprint, owing to which it is being widely adopted by the manufacturers. Additionally, an enhanced focus toward sustainable development has resulted in shifting preference toward green construction. Escalating demand for green buildings has led to an increase in the sales of sustainable and green cement as it minimizes CO2 emissions generated during their production. The increasing purchasing power of the consumers and industrialization are some of the other factors that are expected to create a positive outlook for the market. Looking forward, IMARC Group expects the global cement market to exhibit moderate growth during the forecast period (2021-2026).
Breakup by Type:
Among these, blended cement represents the most preferred type.
Breakup by End Use:
At present, the residential segment exhibits a clear dominance in the market.
Middle East and Africa
Currently, Asia Pacific holds the leading position in the market, accounting for the majority of the total market share.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players are:
CNBM International Corporation
Anhui Conch Cement Co., Ltd.
Jidong Development Group Co., Ltd.
Key questions answered in this report:
How has the global cement market performed so far and how will it perform in the coming years?
What are the key regional markets in the industry?
What has been the impact of COVID-19 on the global cemnet market?
What are the key end use segments in the industry?
What are the key product types in the industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the industry and who are the key players?
What is the degree of competition in the industry?
What are the profit margins in the industry?
What are the key requirements for setting up a cement manufacturing plant?
How is cement manufactured?
What are the various unit operations involved in a cement manufacturing plant?
What is the total size of land required for setting up a cement manufacturing plant?
What are the machinery requirements for setting up a cement manufacturing plant?
What are the raw material requirements for setting up a cement manufacturing plant?
What are the packaging requirements for cement?
What are the transportation requirements for cement?
What are the utility requirements for setting up a cement manufacturing plant?
What are the manpower requirements for setting up a cement manufacturing plant?
What are the infrastructure costs for setting up a cement manufacturing plant?
What are the capital costs for setting up a cement manufacturing plant?
What are the operating costs for setting up a cement manufacturing plant?
What will be the income and expenditures for a cement manufacturing plant?
What is the time required to break-even?