IMARC Group, a leading market research company, has recently releases report titled “Portland Cement Market Report by Type (Type 1, Type 2, Type 3, Type 4, Type 5), Application Sector (Residential, Commercial, Industrial), Packing Type (10 KG, 15 KG, 25 KG, and Others), Trade Data (Import Trends, Export Trends), and Region 2023-2028” The study provides a detailed analysis of the industry, including the global portland cement market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the portland cement market?
The global portland cement market size reached 2.2 Billion Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.81 Billion Tons by 2028, exhibiting a growth rate (CAGR) of 3.68% during 2023-2028.
What is portland cement?
Portland cement is a core ingredient utilized in the formulation of concrete, which is crucial for construction activities globally. It is a finely ground material originating from the calcination of natural materials, primarily limestone and clay, which solidifies when combined with water. This binder, once mixed with aggregates like sand and gravel, results in the concrete mixture widely used in the construction of buildings, bridges, roads, and various infrastructural projects. Its consistent and dependable nature is vital to the durability and longevity of structures, ensuring their longevity even in challenging environments. At present, Portland cement is recognized for its adaptability, strength, and resilience, making it an indispensable element in modern construction.
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What are the growth prospects and trends in the portland cement industry?
The global Portland cement is primarily driven by the rising product demand from the expanding construction activities, particularly in developing economies. Apart from this, rapid urbanization and infrastructure development, coupled with the increasing housing projects, are catalyzing the demand for Portland cement. Moreover, the escalating need for more durable and resilient construction materials in areas prone to natural calamities boosts its consumption, further propelling market growth. In addition, there is a significant shift toward sustainable and eco-friendly construction practices. This has led to the introduction and acceptance of blended Portland cement varieties that integrate industrial by-products like fly ash and slag, thus reducing the carbon footprint of cement production and augmenting market growth. Furthermore, continuous research and technological advancements in the cement industry, focusing on improving product efficiency and sustainability, are expected to stimulate market growth in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Type 1
- Type 2
- Type 3
- Type 4
- Type 5
Breakup by Application Sector:
- Residential
- Commercial
- Industrial
Breakup by Packing Type:
- 10 KG
- 15 KG
- 25 KG
- Others
Breakup by Trade Data:
- Import Trends
- Export Trends
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- BuzziUnicem USA
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