Global Cement Market – Overview
Cement is a key binding substance that is intended for use in building or construction material and utilized as a prime part of the main mixtures for construction. Cement is referred as one of the most used material in the world due to widespread use in construction activities. Furthermore the investment by companies in material technologies to suit the sustainable construction requirement has spiked the demand.
Huge investments in infrastructural projects in BRIC countries along with increased FDI in construction in the regions of Asia Pacific has spurred the demand for cement for commercial and residential purpose. Asia-Pacific region has given a tough competition to well established European and U.S. markets when it comes to construction material.
The governments across all regions are seen promoting and developing their construction sector. The emerging nations are the ones which are particularly bringing various reform and regulations to boost their infrastructure growth and real-estate market. For instance, the government of India announced several major policy initiatives such as the passage of the Real Estate (Regulation and Development) Act 2016, the amendment to the Benami Transactions Act, 100% deduction in profits for affordable housing construction, change in arbitration norms for construction companies, and many others to boost the construction industry in the country. This in turn is expected to boost cement market across the construction sector.
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Global Cement Market – Competitive Analysis
The cement market is partnering with partners across the supply chain to develop products and in order to create a more sustainable construction industry.
In 2018, HeidelbergCement, a building materials company, has announced that its subsidiary, US company Lehigh White Cement LLC, has signed an agreement to sell its 51% position in Lehigh White Cement Co. to the minority shareholders Aalborg Cement Co. Inc. and Cemex Inc. The closing of the transaction is expected around 1Q18 at the amount of USD 140 million.
In April 2017, Burnpur Cement announced theo launch of its new product, Pozolona Portland Cement(PPC) from the Patratu plant of the company. After the production of PPC, the capacity utilisation of the plant will be 100%, impacting the turnover and financial condition of the company on a positive note.
UltraTech held a meeting where The Board of Directors approved the setting up of a 3.5 mtpa integrated cement plant at Pali, Rajasthan, at an investment of around Rs. 1,850 crores. Commercial production from the plant is expected to commence by June, 2020. This plant is being set up in one of the fastest growing markets in the country and the highest cement consuming State in the North Zone. It will cater to the markets in western Rajasthan where UltraTech does not have a significant presence.
LafargeHolcim plans to spend USD 214 m towards building a new cement plant in the state of Rajasthan. The 3.1Mt/yr plant will be operated by its local subsidiary, Ambuja Cement, and it will target markets in the north of the country, including Delhi. Commissioning for the plant is scheduled for the second half of 2020.
In 2016, Mitsubishi Materials Corporation concluded a share sale and purchase agreement with regard to the acquisition of the Special Products Division of the Luvata Group, a copper products manufacturer based in the United Kingdom. This division specializes in the manufacture and sale of processed copper products.
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- Lafarge, Holcim Ltd
- Anhui Conch Cement Company Ltd
- HeidelbergCement AG
- Jidong Development Group Co. Ltd.
- CEMEX S.A.B. de C.V.
- China National Building Material Company Ltd.
- UltraTech Cement Limited,
- Mitsubishi Materials Corporation
- Shanshui Cement Group Ltd.
Global Cement 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
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Global Cement Market – 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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