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 reached a consumption value of 5.51 Billion Tons in 2019 and is further expected to reach nearly 7.82 Billion Tons by 2025.
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 industry, thereby, stimulating the market growth.
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Key findings from the report:
Expert Market Research has analysed the global cement market according to type, end-use, major regions and top players:
Market breakup by Type
Market breakup by End-use
Market breakup by Region
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"Global Cement Market: By Type: Portland Cement, Cement Clinkers, White Portland Cement, Aluminous Cement, Hydraulic Cement; By End Use: Residential, Infrastructure, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Global (HS Code-2523) Trade Analysis (2019); Regional Cement Price Analysis; Competitive Landscape & Supplier Analysis; Cost Analysis"
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With the volume of construction output expected to grow by 85% to USD 15.5 trillion worldwide by 2025, with three countries, China, US and India, leading the way and accounting for 57% of all global g...