According to the latest report by IMARC Group, titled “Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” theglobal cement marketsize reached US$ 363.2 Billion in 2022. Cement is a construction material made by grinding a mixture of clay and limestone. Depending on its capability to set in the presence of water, it is categorized as hydraulic and non-hydraulic. Non-hydraulic cement reacts with the carbon dioxide in the environment to set and offers optimal resistance against chemicals. On the other hand, hydraulic cement hardens quickly due to a chemical reaction between water and the dry ingredients. Today, different types of cement are produced to meet the varied physical and chemical requirements of specific situations, such as durability and strength.

Global Cement Market Trends:

Cement is the backbone of the infrastructure sector since it is utilized for mass constructions, such as civil works, industrial estates and dwellings. Owing to this, there has been a consistent increase in the demand for cement across the globe. Besides this, the rising environmental concerns and depletion of fossil fuel reserves have prompted cement manufacturers to introduce improved production methods and formulations. This is being done by capturing thermal energy, recycling it into the process, and sourcing power from renewable sources that help in lowering CO₂emissions from the manufacturing process. As a result, governments across the world have also undertaken various initiatives to promote the use of green cement, which aids in reducing the consumption of natural raw materials, such as water. On account of the aforementioned factors, the market is projected to reach a value of US$ 518.5 Billion by 2028, expanding at a CAGR of 6.22% during 2023-2028.

Market Summary:

• Based on the type, the market has been segmented into blended, portland and others. Portland cement currently represents the most popular product type.
• The market has been categorized on the basis of the end use into the residential, commercial and infrastructure sectors. Amongst these, the residential sector dominates the market, accounting for the majority of the overall market share.
• Region-wise, Asia Pacific exhibits a clear dominance in the market. Other regions include North America, Europe, Middle East and Africa, and Latin America.
• The competitive landscape of the market has been examined in the report, with some of the key players being CNBM International Corporation, LafargeHolcim Ltd., Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd. and HeidelbergCement AG.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC信息產品包括的主要市場,scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

万博体育滚球电竞足球
Tel No:+1-631-791-1145
Email:sales@imarcgroup.com
網站://www.honorallreligions.com
Follow us on twitter:@imarcglobal