The global cement consumption volume is expected to reach 4.42 billion ton in 2021, growing at a CAGR of 2.96%, for the duration spanning 2018-2021. Factors such as increasing construction activities, rising urbanization and higher disposable income are likely to drive the growth of the market. However, the growth of the market would be challenged by depleting fossil fuel reserves. A few notable trends include expansion of civil engineering sector on global scale, rising demand for green cement and increasing infrastructure projects in developing regions.
The global cement industry is expanding in terms of production as well as consumption volume. The rising construction activities at a fast pace is promoting the cement demand considerably. The market demand for cement from civil engineering industry is rising strongly, due to the increasing investment by government on residential as well as public work sectors. This is enabling the cement manufacturers to produce cement on a large scale and thereby raising the consumption volume also.
The largest regional market is China, owing to the growing construction sector at a fast pace. Further China is likely to witness some fall in consumption volume due to economic conditions and high prices of cement. Moreover, Emerging Asia (including India and Indonesia) and Middle East & Africa (including Egypt and Algeria) are also likely to grow considerably in coming years.
Scope of the report:
The report provides a comprehensive analysis of the global cement market, which is segmented into production, consumption, imports & exports.
The major regional markets (Emerging Asia, Middle East & Africa, Latin America, Western Europe, Eastern Europe, North America and Developed Asia), along with the country coverage of China, India, Indonesia, Egypt, Algeria, Brazil, Colombia, Mexico, Germany, Italy, Spain, UK, France, Russia, Ukraine, Poland, the U.S., Canada and Japan have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (LafargeHolcim, Heidelberg Cement, Anhui Conch, Cemex, Vulcan Materials and Eagle Materials) are also presented in detail.
Key Target Audience:
Raw Material Suppliers
End Users (Infrastructure Industry and Construction Industry)
Industrial and infrastructure Consultants
Government Bodies & Regulating Authorities