This industry research report provides a comprehensive segmentation of the global cement industry by type (Portland cement, cement clinkers, white Portland cement, aluminous cement, and hydraulic cement), by end use (residential, non-residential, and infrastructure), and by geography (APAC, Americas, Europe, and MEA). The top vendors in this market are LafargeHolcim, CNBM, Anhui Conch Cement, Heidelberg Cement, Cemex, Italcementi, and Taiwan Cement.
Technavio’s market research analysts estimate the global cement industry, to grow at a CAGR of 9% between 2016 and 2020. Increase in the number of residential construction projects across the globe has spurred the demand for cement. APAC accounts for 55% of the global cement industry, owing to the recent increase in the number of residential, non-residential, and infrastructure projects in regions like China and India.
The new market research report from Technavio provides a breakdown and analysis of the cement segments by technology.
“Recent rise in urbanization has boosted the demand for cement across the world. It has been observed that a number of countries are currently witnessing the large-scale migration of the populace from rural areas to urban areas. To meet the needs of such a large-scale migration, countries across the globe are focusing on infrastructure development. This change in the focus towards infrastructure development will bolster cement sales, which in turn will drive market growth during the estimated period,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research.
Technavio’s market research analyst has estimated the residential segment to account for a market share of approximately 59% during the forecast period. The recent change observed in the population density, such as rural to urban migration in developing economies, will lead to the construction of new residential units. This increase in the construction of multifamily houses and single-family houses will result in the growth of this market segment during the estimated period.
The key vendors in the global cement industry includes LafargeHolcim, CNBM, Anhui Conch Cement, Heidelberg Cement, Cemex, Italcementi, and Taiwan Cement. This market is competitive and contains numerous global and regional players. In this market, the global players are anticipated to grow organically by acquiring regional or small local players. This growing trend of acquisitions will help the global vendors to expand their customer base, which in turn will bolster their revenue generating capacity. The vendors that have access to better technical and financial resources will gain a competitive edge over their rivals.
A more detailed analysis is available in the Technavio report, Global Cement Industry Outlook 2016-2020.
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