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 5.2 Billion Tons in 2018 and is further expected to reach nearly 6.4 Billion Tons by 2024.
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 Region: China, India, By Type: Portland Cement, Cement Clinkers, White Portland Cement, Aluminous Cement, Hydraulic Cement; By End-Use: Residential, Infrastructure; Competitive Landscape; Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); Capital Investment; Operating Expenditures; Project Economics"
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