According to the latest report by IMARC Group “Portland Cement Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027“, The global portland cement market reached a volume of 2.1 Billion Tons in 2021. Looking forward, IMARC Group expects the market to reach 2.7 Billion Tons by 2027, exhibiting at a CAGR of 4% during 2022-2027.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
An inorganic material with a grey tint called Portland cement is utilised in a variety of construction projects. It is made up of four different substances: tera-chemical aluminoferrite, tricalcium aluminate, dicalcium silicate, and tricalcium silicate. It is manufactured by combining elements such as calcium, silicon, iron, aluminum, limestone, shale, and clay. These materials are readily available and occur naturally, making them cost-efficient. Portland cement offers high durability and strength with excellent binding properties. As a result, it is increasingly used in the construction of high-rise buildings, dams, bridges, tunnels, and residential complexes.
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Competitive Scenario with Key Players:
The competitive landscape of the market has also been analyzed, with some of the key players being
Mitsubishi Cement Corporation, Alamo Cement Company, Lafarge, Martin Marietta, Heidelberg Cement, National Cement Company, American Cement Company, Holcim, Argos, Essroc, China National Building Material, Salt River Materials Group, Italcementi, Anhui Conch Cement, Ash Grove Cement Company, Tanzania Portland Cement Company, Quikrete, CalPortland Company, Capitol Aggregates, CEMEX, GCC of America, Lehigh Hanson, NationalCement Company of Alabama, Ultratech Cement and BuzziUnicem USA, etc.
Portland Cement Industry Trends:
Portland cement is increasingly in demand in the construction sector since it is used to make concrete, mortar, grout, and stucco. Besides this, governments of various countries are undertaking development activities for providing better connectivity to remote areas. In addition to this, they are extensively investing in the infrastructure sector to construct roads, dams, and foundations, especially across emerging economies like India, China, and Brazil, which is significantly influencing the market growth. Furthermore, rapid urbanization and industrialization, and easy availability of raw materials are also positively impacting the demand for Portland cement across the globe.
|
Portland Cement Market Report Scope
|
|
Report Coverage
|
Details
|
|
Market size value in 2021
|
US$ 2.1 Billion
|
|
Market forecast in 2027
|
|
|
Growth Rate
|
CAGR of 4% from 2022 to 2027
|
|
Base year for estimation
|
2021
|
|
Historical data
|
2016-2021
|
|
Forecast period
|
2022-2027
|
|
Report coverage
|
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|
|
Segments covered
|
Type, Application sector and Packing type.
|
|
Regional scope
|
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
|
Key companies profiled
|
Mitsubishi Cement Corporation, Alamo Cement Company, Lafarge, Martin Marietta, Heidelberg Cement, National Cement Company, American Cement Company, Holcim, Argos, Essroc, China National Building Material, Salt River Materials Group, Italcementi, Anhui Conch Cement, Ash Grove Cement Company, Tanzania Portland Cement Company, Quikrete, CalPortland Company, Capitol Aggregates, CEMEX, GCC of America, Lehigh Hanson, NationalCement Company of Alabama, Ultratech Cement and BuzziUnicem USA, etc.
|
|
Market Dynamics
|
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
|
|
Customization purview
|
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
|
Trending Reports in Construction Sector (Book Now with 10% Discount + COVID-19 Scenario):
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’s information products include major market, 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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
