The global cement market reached 4.91 billion tons in 2020, driven primarily by a significant rise in construction activities worldwide due to population expansion and infrastructure projects. Cement is a binding material made by grinding a mixture of materials like clay, limestone, shale at high temperatures. Asia Pacific currently holds the leading position in the cement market, accounting for the majority of the total market share. Some of the major players in the global cement market are CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd, and HeidelbergCement AG.
The global cement market reached 4.91 billion tons in 2020, driven primarily by a significant rise in construction activities worldwide due to population expansion and infrastructure projects. Cement is a binding material made by grinding a mixture of materials like clay, limestone, shale at high temperatures. Asia Pacific currently holds the leading position in the cement market, accounting for the majority of the total market share. Some of the major players in the global cement market are CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd, and HeidelbergCement AG.
The global cement market reached 4.91 billion tons in 2020, driven primarily by a significant rise in construction activities worldwide due to population expansion and infrastructure projects. Cement is a binding material made by grinding a mixture of materials like clay, limestone, shale at high temperatures. Asia Pacific currently holds the leading position in the cement market, accounting for the majority of the total market share. Some of the major players in the global cement market are CNBM International Corporation, Anhui Conch Cement Co., Ltd., Jidong Development Group Co., Ltd., LafargeHolcim Ltd, and HeidelbergCement AG.
Billion Tons in 2020. Cement refers to a binding material widely used for construction purposes that is manufactured by grinding a mixture of clay and limestone. Numerous other materials, such as shale, clay, slate, chalk, silica sand, iron ore and blast furnace slag, are heated at high temperatures to form a rock-like substance that is grounded into fine powder to form cement. Characterized by a grey color, it is mixed with water to form a hard mass that is used as an adhesive for masonry. Different Types Of Cement 1. Ordinary Portland Cement (OPC) ... 2. Portland Pozzolana Cement (PPC) ... 3. Rapid Hardening Cement. ... 4. Extra Rapid Hardening Cement. ... 5. Low Heat Cement. ... 6. Sulfates Resisting Cement. ... 7. Quick Setting Cement. ... 8. Blast Furnace Slag Cement
Global Cement Market Drivers
The market for cement is primarily driven by a significant rise in construction activities across the globe. Owing to rapid population expansion, there has been a substantial rise in the need for residential spaces, which has facilitated the construction of housing complexes. The development of mega infrastructure projects around the world, especially in emerging economies, is acting as another major growth- inducing factor. For instance, prominent infrastructural projects, such as the construction of Al Maktoum International Airport in Dubai and the South-North Water Transfer Project in China, are expected to significantly bolster the sales of cement. Currently, Asia Pacific holds the leading position in the market, accounting for the majority of the total market share. Competitive Landscape:
The competitive landscape of the market has
been studied in the report with the detailed profiles of the key players operating in the market. Some of these players are:
CNBM International Corporation
Anhui Conch Cement Co., Ltd. Jidong Development Group Co., Ltd. LafargeHolcim Ltd HeidelbergCement AG