Concrete and cement: Key market research findings
- Advances in cement manufacturing technology
- Growth in prefabricated construction
Technavio has released a new market research report on the global concrete and cement market, which is expected to grow at a CAGR of around 8% between 2016 and 2020. Rise in the number of international events worldwide has indicated revival in commercial construction activities, which will boost the demand for concrete and cement. APAC dominates the global concrete and cement market, occupying around 63% of eth total market share. Much of this region’s growth comes from the rising investments in the development of infrastructure from various countries including China, India, Indonesia, Malaysia, and Vietnam.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, there has been immense growth in the production of cement, owing to rise in construction activities across the globe. Manufacturers are focusing on improving the technology to achieve a greener and efficient cement manufacturing process. They are using nanoparticles for the production of cement which helps decrease emission. Also, the vendors are using axial fans in the cement manufacturing process, leading to decreased CO2 emissions,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
Prefabricated construction is growing globally as it helps avoid chaos and congestion caused due to on-site construction. Prefabricated structures increase the construction speed and minimise the cost and time taken in the process. Floors and roofs are the major constructed prefabricated structures. APAC is the largest market for prefabricated construction, owing to construction activities in all the major infrastructure sectors. Growth in prefabricated construction will intensify the use of concrete and cement over the next four years, especially in the floors, roofs, walls, beams, and columns segments.
The leading vendors in the global concrete and cement market are LafargeHolcim, CNBM, Conch Cement and Heidelberg Cement. The market is fragmented due to a substantial demand for concrete and cement, attracting numerous small- and- medium-sized manufacturers to venture into the developing market. Intense competition prevails in this market owing to inclinations towards consolidation. The companies are entering into strategic M&A to increase their market shares at a global level.
A more detailed analysis is available in the Technavio report, Global Concrete and Cement Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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