According to Technavio’s latest market research study, the global cement market is expected to grow at a CAGR of more than 9% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global cement market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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Global cement market for residential end-users: Changes in population density, basically because of rural to urban migration, and the subsequent need for housing is one of the key drivers behind the demand for cement from residential end-users. Majority of the developments pertaining to housing is anticipated to be centered around APAC and MEA.
“Around 38 million new housing units are likely to be developed in APAC during the forecast period, representing more than 60% of the global share in 2021. A decline in family household size and rising interest for residential projects in urban regions will boost the growth of the building and construction segment, especially in developing economies,” says Ajay Adikari, a lead analyst at Technavio for research on metals and minerals.
Global cement market for non-residential end-users: The non-residential segment consists of commercial buildings such as shops, hotels, restaurants, office spaces, industrial buildings, schools, and hospitals. Governments in both developed and developing economies are likely to invest heavily in the non-residential segment during the forecast period, thus subsequently propelling the demand for cement from non-residential end-users.
Global cement market for infrastructure end-users: Infrastructural development activities in countries such as China and India is likely to be the primary driving force behind the growth of the global cement market for infrastructural end-users. The rise in the demand for energy infrastructure in African countries such as Nigeria, South Africa, Ghana, and Egypt is also anticipated to favor the market’s growth over the next four years.
The top vendors operating in the global cement market are:
- Anhui Conch Cement
- CEMEX
- CNBM International
- HeidelbergCement
- LafargeHolcim
Other prominent vendors in the market include China Resources Cement Holdings, UltraTech Cement, TAIHEIYO CEMENT, China Tianrui Group Cement, Dalmia Bharat, Lucky Cement, Buzzi Unicem, CIMPOR, UBE INDUSTRIES, and EUROCEMENT.
A more detailed analysis is available in the Technavio report titled, ‘Global Cement Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Microspheres Market 2017-2021
- Global Metal Cans Market for Food and Beverage Industry 2017-2021
- Galvanized Steel Tubes Market in India 2017-2021
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