Cement Market Forecast to 2022:
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.
High disposable income and increasing number of nuclear families and rising need for accommodation development are some factors which drive the market of cement. Moreover, growing demand for housing, rapid urbanization among others are encouraging factors for cement market. Government initiatives for providing good infrastructure facility, roads and bridges are further fueling the demand for cement market. However, the rising production cost makes these features unaffordable for consumers and hamper the market of cement. Global cement market is expected to grow at a CAGR of approximately 8% during the forecast period.
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Study Objectives of Cement markets Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Cement Market.
- To provide insights about factors affecting the market growth.
- To analyze the Cement markets market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by type, application and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Conveyor system.
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.
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
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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.
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.
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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.
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
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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