Market Insights:
The burgeoning construction
sector globally is fuelling the market growth for cement. Market reports
connected with the construction industry have been made accessible by Market
Research Future who publishes reports on other sectors that have been currently
published along with a report on this industry. The market is projected to
expand at an 8 percent CAGR in the duration of the forecast period.
The industry which is an
indicator of economic health is showing ascendant levels of growth in the
recent years. The rising levels of construction projects being launched
worldwide are spurring the market’s expansion. Due to these market developments
manufacturers are boosting their production capacities and engaging in research
and development to back this growth phase of the cement market. The rising
level of investment by individual in multiple properties is another factor
powering the growth of the market.
Segmental Analysis:
The segmentation of the global
cement market is carried out on the basis of type region and application. On
the basis of Type, the cement market globally has been segmented into rapid low
heat cement, high alumina cement, hardening cement, colored cement, white
cement, hydrographic cement and other. On the basis of application, the cement
market globally is divided into construction and infrastructure. The regions
that are a part of the market are North America, Asia Pacific, Europe and rest
of the world.
Detailed Regional Analysis:
The regional analysis of the
market consists of regions such as North America, Asia Pacific, Europe and rest
of the world. The Cement market for the most part depends on the global
construction and building activities. The cement market is highly driven by
applications and systems are getting popularity from various end user. The Asia
Pacific region is likely to be responsible for the largest portion, in terms of
value, of the cement market globally. This can be largely attributed to the
construction and expansion of infrastructure. The government initiatives such
as growth of smart cities are giving a huge boost to the sector. The North
American and European region are followed by the Asia Pacific region. An
escalating number of limestone detections in the east and the simplicity of the
transport system have led to the speedy growth of cement industry.
Competitive Analysis:
The variety witnessed in terms of
strategy creation and execution is changing the development pace of the market.
The gaps in the market are filled owing to the carrying out of appropriate
supply chain strategies. Additionally, the expansion of new products and
services will add further momentum to the market development. The framework for
growth plans has equipped the market for possible new entrants. The development
in the products and services is the principal factor increasing the market's
efficiency and controlling the trends that are gaining distinction in the
market. The influential success factors and players’ preferences are slowly but
surely mounting by the strategies being used by market contenders. The key
competitors working in the market for cement globally are Holcim Ltd, Lafarge, Anhui Heidelberg Cement
AG, Conch Cement Company Ltd, China National Building Material Company Ltd.,
CEMEX S.A.B. de C.V., Jidong Development Group Co. Ltd., Mitsubishi Materials
Corporation, UltraTech Cement Limited, and Shanshui Cement Group Ltd.
Industry Updates:
Sep 2018 Cemex is planning to
restart commercial production on the second kiln at its South Ferriby cement
plant in November 2018. The company says that this investment highlights its
confidence in the long-term potential of the UK building materials market. Once
fully ready both kilns at the plant will give it a production capacity of
0.7Mt/yr.
Sep 2018 Dangote has unveiled its
new BlocMaster Cement, describing it as extra strong and ideal for block
moulding in Nigeria. It had been tested and approved by builders throughout
Nigeria making it particularly useful during the rainy season. BlocMaster is
reportedly suitable for all construction purposes and Dangote hopes it will
help address the issue of building collapse in Nigeria
Ask for your specific company profile and country level customization
on reports.
Ø Lafarge,
Holcim Ltd
Ø Anhui
Conch Cement Company Ltd
Ø HeidelbergCement
AG
Ø Jidong
Development Group Co. Ltd.
Ø CEMEX
S.A.B. de C.V.
Ø China
National Building Material Company Ltd.
Ø UltraTech
Cement Limited,
Ø Mitsubishi
Materials Corporation
Ø Shanshui
Cement Group Ltd.
Market Segments:
Global Cement Market is segmented
in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type :
Comprises – Rapid Hardening Cement, Low Heat Cement, High Alumina Cement, White
Cement, Colored cement, Hydrographic cement and other
Segmentation By Application :
Comprises – construction, infrastructure
Segmentation By Regions :
Comprises Geographical regions - North America, Europe, APAC and Rest of the
World
Regional Analysis:
Major growth and investment in
cement and construction material market is seen in APAC countries. The region
is expected to witness staggering growth in the forecast period. The region is
offering flourishing markets to the international companies to push the market.
The companies are seen investing in the innovation of new advanced technologies
in APAC region, especially in China, India, Indonesia, among others and this is
expected to boost the cement market demand.
Moreover, the Chinese government
issued several favourable policies for lowering the proportion of down payment
for second house loans and exempting of sales tax for ordinary housing, which
helped the recovery of commercial housing market. China accounts for the major
share in the APAC cement market. India, on the other hand, is seeking increase
in private funding solutions in the provision of much of the new infrastructure
needed. However, the reconstruction is only expected to provide a short-term
boost to construction activity that is likely to return to trend later in the
decade. In Southeast Asia relatively strong construction spending growth is
also expected in Indonesia and Vietnam, as both countries upgrade
infrastructure to support their growing populations.
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