Cement Market by Product (Hydraulic Cement, Portland Cement, White Cement, Alumina Cement, Geopolymer Cement), Application (Residential, Commercial, Industrial) - Analysis & Forecast 2019-2030
Report ID : 172 | Published Date : May 2020 | Pages : 160 | Region : Global | Report Code : CM-19
Cement Mark Overview and Introduction
Cement is considered as one of the most important building materials used as a binding agent. It hardens, sets, and adheres to other materials to bind them together. There are various types of cement, including hydraulic cement, portland cement, white cement, alumina cement, geo-polymer cement and others, available in the operating market that can be used for different applications.
The global cement market is driven by established players launching new products, increasing number of construction projects, and continuously increasing investments by regional governments in the development of transport infrastructure. Moreover, an upsurge in the residential and infrastructural projects, including smart city projects, housing complexes, offices, tunnels, and bridges will drive market growth. Cement contains carcinogenic components that are responsible for health hazards such as lip and lung cancer coupled with fluctuations in raw materials prices are factors that are expected to impede the market growth.
The global cement market is segmented by product, application, and region.
Cement Market By Product
Based on product, the cement market is segmented into hydraulic cement, portland cement, white cement, alumina cement, geopolymer cement, and others. Portland cement is estimated to have the largest share in this market owing to being widely used in general concrete constructions, due to its easy availability and cost effectiveness.
Cement Market By Application
Similarly, in terms of application, the cement market is segmented into residential, commercial, and industrial. The residential segment is estimated to account for the largest market share owing to the increasing number of smart city projects, residential complexes, and other residential projects.
Cement Market By Region
The global cement market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific region is expected to dominate the cement market. The growth in this region will be propelled by factors such as rise in construction and building activities in this region, improving economic conditions, which in turn is fueling the demand for commercial as well as retail spaces, growing urbanization is creating a need for roads, highways and infrastructure.
Cement Market Prominent Players
Some prominent players in the global cement market include China National Building Material Co., Ltd., Anhui Conch Cement Co., LafargeHolcim, HEIDELBERGCEMENT AG, CEMEX S.A.B. de C.V., UltraTech Cement Ltd., China Resources (Holdings) Co., Ltd., TAIWAN CEMENT LTD., Votorantim Cimentos, CRH and others.