Summary

Cement Market Research Report Information By Type (Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), White Cement, Portland Blast Furnace Slag Cement (PBFSC), Blended Cement [Low Carbon Blended Cement, Other Blended Cement], Others) By Application (Residential, Commercial & Industrial, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -Global Forecast to 2032


Market Overview

The cement market was estimated at USD 55,392.36 million in 2023. The cement market is expected to increase from USD 4,89,579.80 million in 2024 to USD 6,49,602.3 million by 2032, with a compound yearly growth rate (CAGR) of 3.6% over the forecast period (2024-2032). The cement market is expanding rapidly due to a variety of driving forces. One important factor is increasing urbanization and infrastructure development, especially in emerging economies. The construction industry's need for cement remains strong, sustaining market growth. Furthermore, sustainability initiatives and eco-friendly construction techniques have resulted in the creation of novel cement compositions that comply with environmental standards. The market's adaptability to shifting construction trends, as well as the ongoing demand for cement in both residential and commercial projects, help to ensure its long-term growth. As the construction sector continues to be a vital economic driver, the cement market is expected to grow further.
Rising government investments in infrastructure development are causing significant expansion in the cement market. As governments around the world prioritize the construction and improvement of their infrastructure, demand for cement has increased, resulting in a robust and dynamic market landscape. This trend is driven mostly by the growing demand for modernization and development of transportation networks, housing, and other critical infrastructure aspects.

Market Segment insights
The Cement Market is categorized by material into Ordinary, Portland Cement (OPC), White Cements, Pozzolanic Cements, Blended Cements, and Others.
The Cement Market is split by application into Construction, Infrastructure, Railway, and Others.
The cement market is divided into three segments based on end use: industrial, residential, and commercial.

Regional insights

The cement market is divided into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. In 2023, the Asia Pacific region had the greatest market revenue share of 79.87%, and it is predicted to rise at a CAGR of 3.7% from 2024 to 2032. Cement demand in Asia-Pacific is increasing rapidly as a result of rising urbanization, industrialization, and infrastructure development in emerging nations such as China, India, Indonesia, and Vietnam. The region's growing population creates a need for inexpensive housing, while government efforts like as smart city projects, rural development programs, and large-scale infrastructure investments—such as highways, airports, and rail networks—increase construction activity. Furthermore, the growth of industrial projects and commercial real estate expansions increases cement consumption. Countries such as China and India, who are important contributors, account for significant production and consumption because to their thriving construction industries and emphasis on modernization.

Major Players
HOLCIM, Hiedelberg Materials, BBMG Corporation, CEMEX, S.A.B. de C.V., Taiwan Cement Ltd., Anhui Conch Cement Company Limited, Mitsubishi Materials Corporation, Siam Cement Group (SCG), UltraTech Cement Limited, and Bhavya Cements Private Limited are among the key cement market players.

ページTOPに戻る

Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 RISING GOVERNMENT INVESTMENTS IN INFRASTRUCTURAL DEVELOPMENT
4.2.2 INCREASE IN CONSTRUCTION ACTIVITIES IN DEVELOPING NATIONS
4.3 RESTRAINTS
4.3.1 PRESENCE OF SUBSTITUTES
4.4 OPPORTUNITIES
4.4.1 GROWING DEMAND FOR GREEN BUILDINGS
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIALS SUPPLIERS
5.1.2 CEMENT MANUFACTURERS
5.1.3 DISTRIBUTION & SALES CHANNEL
5.1.4 END-USERS
5.1.4.1 LIST OF POTENTIAL END USERS
5.2 VALUE PERCOLATION ACROSS THE CHAIN
5.3 INTEGRATION LEVELS
5.4 KEY ISSUE ADDRESSED
5.5 PORTER’S FIVE FORCES MODEL
5.5.1 BARGAINING POWER OF SUPPLIERS
5.5.2 BARGAINING POWER OF BUYERS
5.5.3 THREAT OF NEW ENTRANTS
5.5.4 THREAT OF SUBSTITUTES
5.5.5 INTENSITY OF RIVALRY
5.6 PESTLE ANALYSIS
5.7 PRODUCTION ANALYSIS, 2023
6 GLOBAL CEMENT MARKET, BY TYPE
6.1 INTRODUCTION
6.2 ORDINARY PORTLAND CEMENT (OPC)
6.3 WHITE CEMENTS
6.4 POZZOLANIC CEMENTS
6.5 BLENDED CEMENTS
6.6 OTHERS
7 GLOBAL CEMENT MARKET, BY APPLICATION
7.1 INTRODUCTION
7.2 CONSTRUCTION
7.3 INFRASTRUCTURE
7.4 RAILWAY
7.5 OTHERS
8 GLOBAL CEMENT MARKET, BY END USERS
8.1 INTRODUCTION
8.2 RESIDENTIAL
8.3 COMMERCIAL
8.4 INDUSTRIAL
9 GLOBAL CEMENT MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 FRANCE
9.3.3 UK
9.3.4 SPAIN
9.3.5 ITALY
9.3.6 RUSSIA
9.3.7 POLAND
9.3.8 NETHERLANDS
9.3.9 REST OF EUROPE
9.4 ASIA-PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 SOUTH KOREA
9.4.4 MALAYSIA
9.4.5 INDONESIA
9.4.6 PHILIPPINES
9.4.7 REST OF ASIA-PACIFIC
9.5 SOUTH AMERICA
9.5.1 BRAZIL
9.5.2 ARGENTINA
9.5.3 REST OF SOUTH AMERICA
9.6 MIDDLE EAST & AFRICA
9.6.1 UAE
9.6.2 SAUDI ARABIA
9.6.3 SOUTH AFRICA
9.6.4 REST OF MEA
10 COMPANY LANDSCAPE
10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS OF KEY PLAYERS 2023
10.3 COMPETITIVE BENCHMARKING
10.4 LIST OF KEY PLAYERS (COMPANY NAME, HEADQUARTERS, CONTACT DETAILS, PRODUCTION CAPACITY)
10.5 KEY DEVELOPMENT IN THE GLOBAL CEMENT MARKET
10.5.1 PRODUCT DEVELOPMENT/ NEW PRODUCT LAUNCH
10.5.2 BUSINESS EXPANTION
10.5.3 PARTNERSHIP/COLLABORATION
10.5.4 ACQUISITION
10.5.5 AGREEMENT/CONTRACT
11 COMPANY PROFILES
11.1 HOLCIM
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTION CAPACITY AND UTILIZATION RATE
11.1.4 PRODUCTS OFFERED
11.1.5 KEY DEVELOPMENTS
11.1.6 SWOT ANALYSIS
11.1.7 KEY STRATEGY
11.2 ANHUI CONCH CEMENT COMPANY LIMITED
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTION CAPACITY AND UTILIZATION RATE
11.2.4 PRODUCTS OFFERED
11.2.5 KEY DEVELOPMENTS
11.2.6 SWOT ANALYSIS
11.2.7 KEY STRATEGY
11.3 HEIDELBERG MATERIALS
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTION CAPACITY AND UTILIZATION RATE
11.3.4 PRODUCTS OFFERED
11.3.5 KEY DEVELOPMENTS
11.3.6 SWOT ANALYSIS
11.3.7 KEY STRATEGY
11.4 BBMG CORPORATION
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTION CAPACITY AND UTILIZATION RATE
11.4.4 PRODUCTS OFFERED
11.4.5 KEY DEVELOPMENTS
11.4.6 SWOT ANALYSIS
11.4.7 KEY STRATEGY
11.5 INTERCEMENT PARTICIPAÇÕES S.A. (BRAZIL)
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTION CAPACITY AND UTILIZATION RATE
11.5.4 PRODUCTS OFFERED
11.5.5 KEY DEVELOPMENTS
11.5.6 SWOT ANALYSIS
11.5.7 KEY STRATEGY