Blended Cement Market By Type (Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC), Composite cement, Other), By Application (Precast construction, Cast-in-place construction), By End user industry (Building Construction, Infrastructure): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global blended cement market was valued at $301,162.7 million in 2021, and is projected to reach $462,110.7 million by 2031, registering a CAGR of 4.2% from 2022 to 2031. Blended cement is a special type of cement made by mixing the clinker with one or two supplementary cementitious materials such as fly ash, slag, granular BFR, silica fume, volcanic ash, and Portland Pozzolana cement. There are various stages in the cement manufacturing process and these materials are mixed during the grinding stage of cement manufacturing. The addition of these cement-based materials offers significant performance benefits. The entire construction process becomes manageable and efficient. In addition, blended cement has excellent environmental properties. Blended cement also performs well in both hot and cold climates. It offers many advantages such as increased efficiency, reduced energy consumption, and reduced pollutants and CO2 emissions when compared with conventional cement.
Blended cement is used in high-performance applications to enhance strength and durability properties are required, as well as in general-use applications. The use of cementitious blends not only results in stronger, more durable high-performance concretes, but also helps reduce global climate impact by lowering energy consumption and greenhouse gas emissions. In addition, it provides a significant contribution to sustainable construction. Their use in concrete production consumes less energy and offers improved efficiency and building performance. Blended cement can contribute to the achievement of Leadership in Energy and Environmental Design (LEED).
The demand for construction & infrastructure developments largely drives the market growth. The blended cement market is experiencing growth owing to rise in demand for residential, commercial, industrial, and public infrastructure. In emerging economies, infrastructural development is creating a need for blended cement and positively influencing the market. In addition, the government of India is strongly focused on infrastructure development to boost economic growth and is aiming for 100 smart cities. The government also intends to expand the capacity of railways and the facilities for handling and storage to ease the transportation of cement and reduce transportation costs. These measures are projected to lead to increased construction activity, thereby boosting the blended cement market growth.
The blended cement market is segmented on the basis of type, application, end-user, and region. By type, it is divided into Portland Pozzolana Cement (PPC), Portland slag cement (PSC), composite cement, and others. By application, it is classified into precast construction and cast-in-place construction. By end-user, it is divided into building construction and infrastructure. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in December 2021, LafargeHolcim which is subsidiary of Holcim Group in the U.S. has launched a new product, TerCem. This product is a blended cement and offers 65% reduction in CO2 emission as compared to ordinary portland cement.
COMPETITION ANALYSIS
Competitive analysis and profiles of the major players in the blended cement market include Ambuja Cements Ltd, Anhui Conch Cement Company Limited, Buzzi Unicem SpA, China National Building Material Company Limited, CRH plc, CEMEX S.A.B DE C.V., Dalmia Bharat Limited, Holcim, HeidelbergCement AG, and UltraTech Cement Limited are provided in this report. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the blended cement market.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging blended cement market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
Extensive analysis of the blended cement market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The blended cement market forecast analysis from 2022 to 2031 is included in the report.
The key market players within the blended cement market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the blended cement industry.
Key Market Segments
By Application
Precast construction
Cast-in-place construction
By End user industry
Building Construction
Infrastructure
By Type
Portland Pozzolana Cement (PPC)
Portland Slag Cement (PSC)
Composite cement
Other
By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Ambuja Cements Ltd
CEMEX S.A.B DE C.V.
Holcim
HeidelbergCement AG
UltraTech Cement Limited
Anhui Conch Cement Company Limited
Buzzi Unicem SpA
China National Building Material Company Limited
Dalmia Bharat Limited
CRH plc
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