Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global cement market size reached US$ 363.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 518.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.22% during 2023-2028.
Cement is a grey-colored, finely milled mineral powder used as a binding material in the construction of buildings. It is manufactured by grinding a mixture of limestone, clay, and marl and is mixed with water to form a hard mass. It hardens both in the air and water and retains its hardened state once attained. It exhibits excellent durability and strength and is extensively used for the mass construction of houses, civil works, and industrial estates. Besides this, it provides noise insulation and helps withstand extreme changes in climatic conditions and chemical attacks. At present, hydraulic and non-hydraulic cement are widely available.
Cement Market Trends:
The increasing global population and rapid urbanization are resulting in the growing requirement for the construction of residential and commercial buildings. This, along with a significant rise in remodeling, renovation, and reconstruction of infrastructures and the development of mega infrastructure projects in several countries, are catalyzing the demand for cement across the globe. In addition, the emerging trend of the nuclear family is resulting in the rising need for residential spaces, such as studio apartments and private bungalows, which is positively influencing the market. Furthermore, the introduction of advanced technologies in the manufacturing process of cement is strengthening the market growth. The increasing utilization of green cement in constructing eco-friendly and sustainable buildings to reduce harmful emissions and support environmental health is also creating a positive market outlook. The escalating demand for precast materials, including blocks, roof panels, and tiles, is offering lucrative growth opportunities to the manufacturers. Apart from this, governments of various countries are increasingly investing in enhancing the existing infrastructure. For instance, they are focusing on public housing projects and the construction of roads, railway tracks, bridges, and flyovers for better connectivity to remote areas. This, in confluence with the expansion of hotels, restaurants, cafes, and villas to support tourism and economic growth, is offering a favorable market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cement market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end-use.
Breakup by Type:
Blended
Portland
Others
Portland cement represents one of the most preferred types of cement as it offers great compressive strength and resistance to shrinkage and cracking.
Breakup by End Use:
Residential
Commercial
Infrastructure
The residential sector currently represents the largest market segment on account of the increasing global population and the growing demand for residential spaces.
Breakup by Region:
Asia Pacific
North America
Europe
Latin America
The Middle East and Africa
The Asia Pacific currently exhibits a clear dominance in the market due to rapid urbanization and the increasing infrastructure projects in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd. and HeidelbergCement AG.
Key Questions Answered in This Report
1. What was the size of the global cement market in 2022?
2. What is the expected growth rate of the global cement market during 2023-2028?
3. What are the key factors driving the global cement market?
4. What has been the impact of COVID-19 on the global cement market?
5. What is the breakup of the global cement market based on the type?
6. What is the breakup of the global cement market based on the end use?
7. What are the key regions in the global cement market?
8. Who are the key players/companies in the global cement market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Cement Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Price Analysis
- 5.4.1 Key Price Indicators
- 5.4.2 Price Structure
- 5.4.3 Margin Analysis
- 5.5 Market Breakup by Region
- 5.6 Market Breakup by Type
- 5.7 Market Breakup by End-Use
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Quarrying/Mining
- 5.10.2 Primary Processors
- 5.10.3 Manufacturers
- 5.10.4 Large Construction Firms and Exports
- 5.10.5 Retailers and Departmental Stores
- 5.10.6 End-Consumers
- 5.11 Porter’s Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
- 5.12 Key Market Drivers and Success Factors
- 6 Performance of Key Regions
- 6.1 Asia Pacific
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 North America
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Europe
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Latin America
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Middle East and Africa
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 7 Market by Type
- 7.1 Blended
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Portland
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market by End-Use
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Infrastructure
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Competitive Landscape
- 9.1 Market Structure
- 9.2 Production Capacities of Key Players
- 10 Cement Manufacturing Process
- 10.1 Product Overview
- 10.2 Detailed Process Flow
- 10.3 Various Types of Unit Operations Involved
- 10.4 Mass Balance and Raw Material Requirements
- 11 Project Details, Requirements and Costs Involved
- 11.1 Land Requirements and Expenditures
- 11.2 Construction Requirements and Expenditures
- 11.3 Plant Layout
- 11.4 Plant Machinery
- 11.5 Machinery Pictures
- 11.6 Raw Material Requirements and Expenditures
- 11.7 Raw Material and Final Product Pictures
- 11.8 Packaging Requirements and Expenditures
- 11.9 Transportation Requirements and Expenditures
- 11.10 Utility Requirements and Expenditures
- 11.11 Manpower Requirements and Expenditures
- 11.12 Other Capital Investments
- 12 Loans and Financial Assistance
- 13 Project Economics
- 13.1 Capital Cost of the Project
- 13.2 Techno-Economic Parameters
- 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 13.4 Taxation and Depreciation
- 13.5 Income Projections
- 13.6 Expenditure Projections
- 13.7 Financial Analysis
- 13.8 Profit Analysis
- 14 Key Player Profiles
- 14.1 CNBM International Corporation
- 14.2 LafargeHolcim Ltd
- 14.3 Anhui Conch Cement Co., Ltd.
- 14.4 Jidong Development Group Co., Ltd.
- 14.5 HeidelbergCement AG
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