Portland Cement Market - Global Industry Analysis, Size, Share 2014 - 2020
Transparency
Market Research has released a new market report titled "Portland
Cement Market for Residential, Commercial, Infrastructure and Other
Applications (Bricks, Farm Construction, etc.) - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,"
which observes that the Portland cement market demand in 2013 was
worth 3,670.8 million tons and is expected to reach 5,165.1 million
tons by 2020, growing at a CAGR of 5.1% between 2014 and 2020. In
terms of revenue, the global market for Portland cement was estimated
at USD 234.6 billion in 2013.
Portland
cement plays a vital role in various construction applications.
Portland cement is used for building various residential and
commercial structures across the globe. Global demand of Portland
cement is mainly driven by the growing urbanization in countries such
as China, India, Brazil, Russia and South Africa (BRICS countries)
and growing infrastructure investments in Middle East countries.
These factors are expected to remain the major driving forces for the
Portland cement market in the near future. Stringent environmental
regulations are expected to be the major challenge for cement
producers in the next few years.
Browse
the full Portland Cement Market Report at
Residential
and Infrastructure construction applications were the predominant
application segments of Portland cement, accounting for over 70% of
total demand in 2013.The demand for Portland cement is expected to
witness a robust growth in the next few years due to ever increasing
use Portland cement for construction applications across the globe.
Growing urbanization has led to an increase in demand for new
residential units and need for infrastructure development. Burgeoning
investments in infrastructure projects in the Middle Eastern
countries such as Qatar, Saudi Arabia and UAE are also anticipated to
provide a powerful impetus to Portland cement producers These factors
are anticipated to be the key driving factors for Portland cement for
the next few years.
Asia
Pacific accounted for about 65.0% of the total Portland cement market
in 2013, followed by North America and Europe. Asia Pacific is
expected to be the fastest growing regional market in terms of both
Portland cement consumption and production. This can be attributed to
the growing urbanization in this region. The economic development
coupled with increasing investments in infrastructure development in
Asia Pacific has led to the region emerging as a key destination for
Portland cement producers. This has encouraged various manufacturers
to concentrate their efforts on establishing new capacities in Asia
Pacific. Rest of the World is the other major region where Portland
cement consumption was very strong and is expected to grow in demand
with a CAGR of about 5.6% in terms of revenue from 2014 and 2020.
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SA, Holcim, Heidelberg Cement, CNBM, Anhui Conch, Italcementi and
UltraTech Cement Ltd., are some of the major participants in the
Portland cement industry.
Portland
Cement Market - Application Segment Analysis
- Residential
- Commercial
- Infrastructure
- Others (Including cement bricks, farm construction, etc.)
Get
Sample of Portland cement Market Report @
Portland
Cement Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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