Global Cement Market: By Product (Portland Cement, Pozzolana Cement, White cement), By Type (Rapid Hardening Cement (RHC), Quick Setting Cement (QSC), Low Heat Cement (LHC), Blast Furnace Slag Cement (BFSC), Hydrophobic Cement (HpC)), By End (Residential, Commercial) Market Size, Share, Trends, Global Sector / Industry Report & Analysis, 2021-2030

  • TBI346294
  • September 10, 2021
  • Global
  • 132 pages
  • HCCResearch
                                              

Global Cement Market 2021 By Product (Portland Cement, Pozzolana Cement, White cement), By Type (Rapid Hardening Cement (RHC), Quick Setting Cement (QSC), Low Heat Cement (LHC), Blast Furnace Slag Cement (BFSC), Hydrophobic Cement (HpC)), By End (Residential, Commercial)

Abstract, Snapshot, Market Analysis & Market Definition: Global Cement Market

The global cement market size was valued at USD 525.12 billion in 2020 and it is expected to register a CAGR of 6.60% from 2021 to 2027. Increasing investments in the infrastructure sector is one of the key trends escalating market growth. Huge requirement for the construction & buildings for public infrastructure as well as residential sectors is anticipated to accelerate the market in the upcoming years. The global cement market is segmented into by product, type, end-use as well as region. As per the World Bank in 2016, the global infrastructure investment is likely to reach nearly USD 94 trillion by 2040. Growing requirement for the construction of institutional buildings for education and healthcare sectors is anticipated to drive the market in the coming years. Healthcare sectors in developing countries such as India, Malaysia, Indonesia, etc. are registering strong growth, which, in turn, is estimated to benefit the growth of the market in the coming years. For instance, the healthcare sector in India is projected to grow by nearly USD 120 billion from 2017 to 2020, exhibiting strong demand for construction activities. Asia Pacific is known as the global growth engine for the construction sector. The market is, thus, poised to experience tremendous growth in the region. Countries such as China and India, among others, have observed significant growth in their construction output in recent years. The construction sector output in China has increased by nearly USD 1,168 billion from 2014 to 2017. Asia Pacific region is the global accelerator for the construction sector. The cement market is having a tremendous growth in the region due to many emerging economies. Countries such as China and India, Indonesia, Thailand among others, have observed significant growth in their construction output in recent years. In India, steady development of metro projects and enhancement of the existing railway network to connect ports across the country are expected to generate staggering demand for the product in the coming years. The government of India has allocated nearly USD 8 billion for the development of railways. Similarly, China’s 13th five-year plan (2016-2020) has allocated nearly USD 529 billion for development of the railway sector. The government plans to connect 80% of the cities in the country to enable the efficient flow of trade and expand its economy.

Market Segmentation, Outlook & Viewpoint: Global Cement Market

By Product Market Segmentation & Outlook (Volume, Million Tons; Revenue, USD Million, 2015 - 2030)
  • Portland
  • Pozzolana Cement
  • White cement
  • Others
By Type Market Segmentation & Outlook (Volume, Million Tons; Revenue, USD Million, 2015 - 2030)
  • Rapid Hardening Cement (RHC)
  • Quick Setting Cement (QSC)
  • Low Heat Cement (LHC)
  • Blast Furnace Slag Cement (BFSC)
  • Hydrophobic Cement (HpC)
  • Others
Application Market Segmentation & Outlook (Volume, Million Tons; Revenue, USD Million, 2015 - 2030)
  • Residential
  • Non-residential/Infrastructure

Key Market Players included in the report:

  • Aditya Birla Ultratech (India)
  • Anhui Conch Cement Co.Ltd.
  • Argos USA Corporation (U.S.)
  • Buzzi Unicem S.p.A. (Italy)
  • CEMEX (Mexico)
  • CNBM International Corporation (China)
  • CRH plc (Ireland)
  • Drake Cement LLC (U.S.)
  • HeidelbergCement (Germany)
  • InterCement (Brazil)
  • Italcementi
  • Jidong Development Group Co.Ltd.
  • LafargeHolcim (Switzerland)
  • Mitsubishi Cement Corporation (U.S.)
  • SCG
  • Taiheiyo Cement Corporation (Japan)
  • The Siam Cement Group (Thailand)
  • Titan Cement Company S.A. (Greece)
  • Ultratech Cement Limited (Aditya Birla Group)
  • Votorantim Cimentos (Brazil)

Below are the key developments in global cement market in 2020 and 2021

May 2021: HeidelbergCement sells US West region assets to Martin Marietta. As part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the US West region to the US based company Martin Marietta Materials, Inc. The sale price is US$2.3bn in cash. Source April 2021: Cemex to acquire Eqiom Granulats assets. Cemex has signed an agreement to expand its French network with the acquisition of aggregate assets in the northern Paris metropolitan area. Source September 2021: LafargeHolcim has agreed to sell its business in Brazil to CSN or Companhia Siderúrgica Nacional for an enterprise value of $1.025 billion. The sale includes Holcim's five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. The swiss building material company noted that it will use the proceeds from the divestment to invest in its Solutions & Products business, building on the Firestone acquisition. Holcim said it divests its activities in Brazil, but Latin America is a core strategic growth region for the company. Source March 2021: UltraTech Cement takes over 3B Binani Glassfibre. UltraTech Cement, an Aditya Birla group company, has taken over 3B Binani Glassfibre Sarl Luxembourg, a subsidiary of Binani Industries by taking over the pledged shares of the company from Bank of Baroda London. Ultratech Nathdwara Cement, a subsidiary of UltraTech Cement, revoked the pledged shares of 3B Binani Glassfibre Sarl Luxembourg with Bank of Baroda London, the Security Agent and directed the bank to transfer 3B shares UltraTech. Source December 2019: HeidelbergCement acquires Kynningsrud Prefab. Kynningsrud Prefab manufactures and installs precast concrete for different kinds of buildings. The company is an established actor in the market for precast concrete in Western Sweden, Southern Norway and Oslo, with production facilities in Uddevalla and Fredrikstad. The business has 350 employees and annual net sales of around NOK 700 million. The sale of Kynningsrud Prefab is taking place as a consequence of a generation shift within the Kynningsrud Group. Source

Regional Trends and Analysis of Cement Industry:

NORTH AMERICA Cement Industry:

North America cement market has witnessed innovation & suitability in the previous years owing to the presence of multinational players with state of the art technologies. The region for having a substantial cement demand has to provide model and system for construction companies in order to explain the importance of material selection. Rising demand from high rise buildings, dams, bridges, fly overs and residential will also create a demand for cement in the region. Renovation and re molding trends in the region will also create further rise in the overall product demand by 2027.

EUROPE Cement Industry:

The region has majority of the multinational players with high production capacity, the producers are focusing on reducing the carbon footprint. Carmeuse has signed a JV with energy company ENGIE and John Cockerill for the carbon capture and utilization project. The project will concentrate CO2 from lime kiln in combination with green hydrogen for producing e-methane. Construction will begin in 2022 and will be commissioned in 2025 with a total of over USD 180 million investments. The project is estimated to lower the carbon emission by 900,000 tons in 10 years.

ASIA PACIFIC Cement Industry:

The market is anticipated to witness growth and the manufacturers are anticipated to focus producing low carbon cement. The region is projected to scale up clinker substitution with fly ash and blast furnace slag for the cement production. China and India are anticipated to dominate the market with potential demand from South East Asian countries. The utilization rate in China is also anticipated to rise due to rising exports. The market is alsoanticipated witness the following trends:
  1. Rise of protectionism
  2. Mergers and acquisitions
  3. Reconfigure supply chain
  4. New opportunities among the headwinds
  5. Improved market structure

LATIN AMERICA Cement Industry:

Brazil and Argentina are likely to dominate the Latin American cement market due strong regional demand from industrial and residential sector. The cement industry in the region is also focusing on lowering the carbon footprint by replacing the conventional material with rice hush, volcanic ash and natural pozzolans. The industry in the region is anticipated to make use of iron in order to produce sustainable cement and concrete. Companies in the region are also expanding their production capacities with high potential markets including Colombia, Bolivia, Peru and Cuba will further drive cement industry growth in forecast timeline. Peru is one of the fastest growing economies in the region and Colombia is planning to invest USD 55 billion in the infrastructure.

MIDDLE EAST & AFRICA Cement Industry:

Recovery of the construction sector in the Middle East & African region is likely to create opportunities for cement manufacturers in the region. Countries including Saudi Arabia, Turkey, South Africa and UAE are likely to lead the cement market in forecast timeline. Presence of multiple plants of global & regional companies in the region along with expansion activities is likely to further escalate industry growth.

RAPID HARDENING CEMENT (RHC) Analysis and Trends and Market size 2020

The market for Rapid Hardening Cement (RHC) is expected to grow significantly, owing to the increasing demand in the infrastructure and construction market. RHC is a special type of cement that achieves high strength in less time and is also called as high-early strength Portland cement. The manufacturing process of RHC is done as a dry process of the cement which includes limestone and shale as raw materials and heated at very high temperature form clinkers. It gains strength faster than OPC and develops in three days, making it the most highly used cement in the infrastructure and construction market. The RPC is lighter and costlier than OPC, which makes it more economical in the market. Additionally, RHC is commonly used in the construction of roads where the traffic cannot be halted for more extended periods. Also, RHC is widely used in the manufacturing of precast slabs, posts, and electric poles. It is used where formwork has to be removed as early as possible to reuse it. It is also used for constructing road pavements, where it is crucial to open the road to traffic quickly and in industries which manufacture concrete products like slabs, posts, electric poles, block fence, etc. because moulds can be released quickly.
The global revenue for RHC (Rapid Hardening Cement) was USD $269 billion is 2020 and expected to reach USD $424 by 2027 growing at a CAGR of 6.6%. APAC revenue stood at USD 173.01 Billion in 2020 and poised to reach USD 281 Billion by 2027 growing at a CAGR of 7.1%. Revenue for North America and Europe in 2020 were $17.98 Billion and $ 41.1 Billion respectively
 

Analysis of Cement Industry by Residential and Commercial Sector

Global Residential Cement Market Analysis The demand for cement for residential construction is projected to grow significantly at a CAGR of 6.4% in the forecast period. Increasing construction of houses and residential buildings in countries, particularly in the APAC region is anticipated to be a significant factor in influencing market demand. Factors such as strong urbanization coupled with the growth of the organized sector in the region, will influence market demand. Furthermore, reduction in household size due to the rise of nuclear families in countries such as India and China will also stimulate demand. In addition, the snowballing demand for making mortars and grouts used in the manufacturing of plasters, screeds, foundations, and road-beds is projected to augment the market growth. Various factors affect the selection of cement for appropriate application such as the functional requirement of structure, design parameters, durability characteristics, and environmental conditions. However, among many types of cement, Ordinary Portland Cement (OPC) is used for constructing residential buildings. Portland cement has quite a few desirable characters that could make it a top choice among building materials. Portland cement demonstrates high durability, versatility, and dependability, along with easy availability. These factors are expected to boost market growth.

Key Insights Covered: Global Cement Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Cement industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Cement industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Cement industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Cement industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Cement industry.  

Research Methodology: Global Cement Market

 
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology And Scope
 1.1 Research Methodology
 1.2 Research Scope & Assumptions
 1.3 List of Data SourcesChapter 2 Executive Summary
 2.1 Market SnapshotChapter 3 Market Variables, Trends & Scope
 3.1 Market segmentation& scope
 3.2 Cement Market Value Chain Analysis
 3.3 Product Trend
 3.4 Regulatory Framework
 3.5 Market Dynamics
     3.5.1 Market Driver Analysis
     3.5.2 Market Restraint Analysis
 3.6 Penetration & growth prospect mapping
 3.7 Cement market – PESTEL Analysis
 3.8 Industry Analysis – Porter’sChapter 4 Cement Market: Product Estimates & Trend A
|  read more...

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