Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2030
Research Reports
Feb 28, 2022
Market Overview
As per the global industry report, the global Cement Market had been valued at a global market sum that accounts for 5.22 billion tons during the historic forecast period that had ended in 2019. The global market is expecting a CAGR growth of 6.2% during the ongoing forecast period of 2022-2030.
Cement, as an ingredient of the market and as a whole is one of the vital commodities to emerging economies in the world. Today, there are different types of products that are being produced to meet different physical and chemical requirements of specific situations, such as durability and strength owing to its excellent and wide application. The market product is generally used for completing the mass constructions, such as houses, civil works, and others like industrial estates.
The outbreak of the novel coronavirus pandemic has been a major hurdle in the growth and expansion of the global market. The market is witnessing the rise of trends that are supporting the increasing investments in the infrastructure sector. It is functioning as one of the key trends that are responsible for escalating the global cement market growth. As per the stats that have been circulated by the World Bank in 2016, the global infrastructure investment is likely to reach nearly a market figure of USD 94 trillion by 2040.
Browse Full Report Copy Here @ https://www.marketresearchfuture.com/reports/cement-market-2047
Regional Classification
As per the industry statistics and reports, in terms of the market volume, the Asian Pacific dominated the cement market and is likely to register a CAGR of 5.2% during the ongoing forecast period. The regional market is driven by growth-oriented factors like spiraling demand for affordable housing from developing economies such as India and China as a part of the propelling region. Factors are highlighting an increase in the income levels, rising population, followed by rapid urbanization in these economies that are anticipated to promote residential construction.
The European regional market is estimated to post a moderate CAGR during the ongoing forecast period. Russia, as a part of the region, had hosted the 2018 FIFA World Cup, which is likely to be considered as the key catalyst triggering the demand for cement in the region.
Get Discount Link Here @ https://www.marketresearchfuture.com/check-discount/2047
Market Segmentation
Based on the industrial report for the cement market, the global market has been segmented based on the following:
Type-based segmentation
The cement market has been segmented based on the type and includes portland cement amongst others.
End-user based segmentation
The end-user segment of the global market includes infrastructure, residential, and commercial construction projects.
Speak To Analyst @
https://www.marketresearchfuture.com/ask_for_schedule_call/2047
Region-based segmentation
The global market is segmented based on the region and functions in Europe, North America, the APAC region, and the rest of the world.
Some of the prominent companies of the global market are LafargeHolcim, SCG, and others like Taiheiyo Cement Corporation, along with Titan Cement Group, and Votorantim.
Industry News
In India, as a part of the APAC region, there has been a steady development of metro projects and further, includes the enhancement of the existing railway network to connect ports across the country. These are expected to generate a staggering degree of demand for the product in the upcoming years. The Indian government is reported to have allocated nearly USD 8 billion for the development of railways.
Get a Free Sample Request @ https://www.marketresearchfuture.com/sample_request/2047
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Read More Related Article:
https://www.marketresearchfuture.com/reports/polystyrene-market-2545
https://www.marketresearchfuture.com/reports/slip-additives-market-6488
https://www.marketresearchfuture.com/reports/blended-fibers-market-6542
https://www.marketresearchfuture.com/reports/synthetic-fibers-market-5284
https://www.marketresearchfuture.com/reports/cobalt-oxide-market-6914
https://www.marketresearchfuture.com/reports/cool-roof-coatings-market-7832
https://www.marketresearchfuture.com/reports/screen-printing-glass-market-7699
https://www.marketresearchfuture.com/reports/manganese-market-7724
https://www.marketresearchfuture.com/reports/chrome-plating-market-10700
Contact Information:
Contact: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
PR-Wirein, Wire, Research Newswire, English