iCrowd Newswire
19 Sep 2021, 09:21 GMT+10
According to the latest report by IMARC Group, titled "Cement Market Price: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global cement market reached a volume of 4.91 Billion Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Cement is the binding material extensively utilized for construction purposes. It is manufactured using clay, limestone, shale, slate, chalk, silica sand, iron ore, blast furnace slag, etc., which are heated at high temperatures to form a rock-like substance grounded into fine powder to form cement. This is then mixed with water to produce a hard mass that is used as an adhesive for masonry. Cement is broadly categorized into two types, namely, hydraulic and non-hydraulic, depending on its ability to set in the presence of water.
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.
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Global Cement Market Trends:
The rising levels of construction activities across the globe are among the primary factors driving the cement market. Furthermore, owing to the expanding global population, there is a growing need for residential spaces, which is facilitating the construction of housing complexes and thereby propelling the product demand. Additionally, the development of mega infrastructure projects, particularly across emerging economies, is acting as another significant growth-inducing factor. In line with this, the government bodies of numerous countries are heavily investing in improving the existing infrastructures, which is further bolstering the market growth. Moreover, the escalating environmental concerns are shifting the focus towards sustainable development, resulting in the elevating demand for green buildings. As a result of this, the increasing sales of green cement, linked with reduced carbon dioxide emissions during its production, are projected to fuel the cement market over the forecasted period.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/cement-manufacturing-plant
Competitive Landscape:
By IMARC group the report has also analysed the competitive landscape of the market with some of the top cement manufacturing companies being
Key Market Segmentation:
Breakup by Type:
Breakup by End Use:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Must Read the Blog: Top Cement Manufacturering Companies 2021 by IMARC Group
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.
Other Market Reports by IMARC Group (2021-2026):
Rare Earth Elements Market Research Report 2021-2026
Hand Sanitizer Market Research Report 2021-2026
Sports Nutrition Market Research Report 2021-2026
Packaging Machinery Market Research Report 2021-2026
Luxury Furniture Market Research Report 2021-2026
Personal Protective Equipment Market Research Report 2021-2026
Pre-Engineered Building Market Research Report 2021-2026
Caustic Soda Market Research Report 2021-2026
ATM Market Research Report 2021-2026
Smart Parking Market Research Report 2021-2026
Tags: Cement Market price, Cement Market, Cement Market Size, Cement Market Share, Cement Market Research Report, Cement Market Top Companies, Cement Market Industry Analysis, Cement Market 2021-2026
See Campaign: https://www.imarcgroup.com/cement-manufacturing-plantContact Information:IMARC Group
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