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Manufacturing

Cement Market Size Analysis - Marke...

Historical and Forecast Market Trends

2018-34

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Cement refers to a fine mineral powder prepared by grinding calcined limestone and clay. This powder is then mixed with water and poured to set as a solid mass. Cement exhibits various cohesive & adhesive properties due to which it is extensively used as a bonding material all around the globe. It is available in different grades and currently represents one of the crucial raw materials in the construction industry.

A majority of the cement produced worldwide is consumed for domestic purpose while only 3% of the global production is exported to other countries. According to a new report by Expert Market Research, the global cement market attained a value of USD 383.02 billion in the year 2023. The market is expected to grow at a CAGR of 5.4% between 2024 and 2032 to reach USD 614.88 billion by 2032.

The growth of the market can be accredited to a number of forces. Since the revival of the construction industry, a surge in the infrastructural activities has been witnessed, in both developed and developing countries. Owing to the rising populace coupled with increasing urbanisation rates in developing countries, there has been a huge demand for shelter and improved infrastructure. Moreover, easy availability of the raw materials used for producing cement along with its low-cost have also prompted a number of manufacturers to invest into the cement market, thereby, stimulating the market growth. 

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Key findings from the report:

  • Various types of cement available are Blended and Portland, among others.
  • The major end-uses of cement include residential, commercial/institutional/industrial, and infrastructural. It is widely used in the construction of roads, bridges, pavements, concrete masonry units and large-scale infrastructural projects.
  • Region-wise, China dominated the market with the majority of market share. This can be attributed to a significant increase in the number of business and residential installations in the country. China was followed by India.
  • Being highly competitive in nature, the global cement market is surrounded by a number of small and big players. Some of these include Holcim Limited, China National Building Material Group Co., Ltd., Ultratech Cement Limited, Grasim Industries Limited, HeidelbergCement AG, The Siam Cement Group, Shree Cement Limited, CRH plc, CEMEX S.A.B. de C.V., Adani Group, Buzzi Unicem SpA, and Titan Cement International SA, among others.
  • In order to attain higher profitability, these players are targeting developing regions by expanding their production and geographical reach.

Expert Market Research has analysed the global cement market according to type, end-use, major regions and top players:

Market breakup by Type

  • Blended
  • Portland
  • Others

Market breakup by End-use

  • Residential
  • Commercial/Institutional/Industrial
  • Infrastructural

Market breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Top players

  • Holcim Limited
  • China National Building Material Group Co., Ltd.
  • Ultratech Cement Limited
  • Grasim Industries Limited
  • HeidelbergCement AG
  • The Siam Cement Group
  • Shree Cement Limited
  • CRH plc
  • CEMEX S.A.B. de C.V.
  • Adani Group
  • Buzzi Unicem SpA
  • Titan Cement International SA
  • Others

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment:

  • Type
  • End Use
  • Region
Breakup by Type
  • Blended
  • Portland
  • Others
Breakup by End Use
  • Residential
  • Commercial/Institutional/Industrial
  • Infrastructural
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Dangote Industries Limited (Dangote Cement Plc)
  • CRH plc
  • China National Building Material Group Co., Ltd.
  • Anhui Conch Cement Company Limited
  • BBMG Corporation
  • Cemex, S.A.B. de C.V.
  • UltraTech Cement Ltd.
  • Heidelberg Materials AG
  • Holcim Ltd.
  • GCC, S.A.B. de C.V.
  • Buzzi S.p.A.
  • Votorantim Cimentos
  • Others
 

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