Please Wait.....
Report
Cement - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 120 Pages I Mordor Intelligence
The Cement Market size is estimated at 4.14 Billion tons in 2024, and is expected to reach 5.88 Billion tons by 2029, growing at a CAGR of 7.23% during the forecast period (2024-2029).
Key Highlights
-The cement market was negatively impacted due to the COVID-19 pandemic, which resulted in decreasing demand across the construction industry and the closing of various manufacturing facilities. However, the market is recovering gradually and is likely to reach pre-COVID leesulted in decreasing demand across the construction industry and the closing of various manufacturing facilities. However, the market is recovering gradually and is likely to reach pre-COVID levels soon.
-Over the short term, the growing residential constructions across the Asia Pacific region and the growing infrastructural activities in the Middle East and Africa region are some of the driving factors which are fueling the market demand. Moreover, the abundance availability of raw materials, such as fly ash, is also expected to drive the market forward.
-However, government regulations on carbon emissions from cement manufacturing plants are hindering the market's growth.
-Nevertheless, the shifting preference towards green construction and encouraging performance of HBC (High Belite Cement) in China are likely to provide opportunities to the market studied.
-The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Cement Market Trends
Growing Residential Construction
- The residential sector is one of the most significant demanding sectors for cement. The market studied is likely to be driven by increased construction of new residential buildings as middle-class disposable income rises.
- Cement is becoming more popular in the residential sector as a result of an increase in the number of building standards and legislation regulating energy-efficient structures. Various government programs in Canada, such as the Affordable Housing Initiative (AHI), New Building Canada Plan (NBCP), and Made in Canada, are expected to significantly promote the industry's expansion, consequently driving the usage of green cement in the residential sector.
- The Ministry of Construction of Vietnam, in its recent publication, also stated that the People's Committee of Ha Long City in Quang Ninh Province commenced construction of a social housing project for nearly 1,000 apartments in Ha Long City's Hong Hai Ward and Cao Thang Ward in the early November of 2022.
- Aside from new home development, the United States is investing heavily in home improvements. The necessity for rehabilitation has become increasingly critical as the country's migrant population has grown. In addition, the increased awareness of the importance of sustainability and high-efficiency constructions has fueled the restoration trend. The availability of many government loans also encourages home upgrading in the country.
- The statistics by the US Census Bureau also stated that the privately owned housing completions were at a seasonally adjusted annual rate of 1,406,000 in January 2023, which is 1.0 percent more than the revised December 2022 estimate of 1,392,000 and 12.8 percent higher than the January 2022 rate of 1,247,000.
- Moreover, according to the report by Federal Statistical Office in Germany, from January to March 2023, a total of 68,700 building permits for dwellings were issued in the country. In March 2023 alone, the construction of 24,500 dwellings was permitted in Germany.
- Further, a GBP 11.5 billion (~USD 14.8 billion) budget was confirmed for allocation in the United Kingdom's Affordable Homes Program by the Government, which targets to deliver around 180,000 new homes over five years of timespan between 2021 and 2026. The program is also due to unlock an added budget of GBP 38 billion (~USD 49 billion) for public and private investment in affordable housing.
- Owing to all these factors, the market for cement is likely to grow during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region has seen significant growth in the cement market, with countries such as China and India accounting for significant consumption of cement.
- China is experiencing massive growth in its construction sector. According to the National Bureau of Statistics of China, in the fourth quarter of 2022, the construction output in China was valued at approximately CNY 276 billion (~USD 40 billion), a growth of approximately 50% when compared with the previous quarter (~USD 27.6 billion).
- Moreover, the value added in the Chinese construction industry in the year 2022 was estimated to be more than CNY 8,330 billion (~USD 1.2 trillion), approximately 4% more than the previous year's value, as stated by the National Bureau of Statistics of China.
- According to the Federation of Indian Chambers of Commerce and Industry (FICCI), the number of residences constructed and sanctioned under the PMAY plan in India's metropolitan regions in 2022 was roughly around 5.5 million and 11.4 million, respectively.
- According to Anarock, a well-known real estate service provider in India, more than 300,000 housing units were sold in India in 2022, exceeding the previous record of all-time high sales of houses in India's top seven cities set in 2014. House sales in the country increased by around 16% in the fourth quarter of 2022 as compared to the fourth quarter of 2021.
- Moreover, the Indonesian government introduced the 'One Million Houses' (OMH) program to construct at least 1 million units per year. According to the Ministry of Public Works and Public Housing (PUPR), under the One Million Houses program, about 1,117,491 housing units were recorded until the end of 2022.
- The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) of Japan also stated in its report that approximately 859.5 thousand housing starts were initiated in Japan in 2022, just 0.4% more than the previous year's value (856.48 thousand).
- All the aforementioned factors, in turn, are expected to drive the market for gypsum boards in the country during the forecast period.
Cement Industry Overview
The cement market is partially consolidated in nature. Some of the major players in the market include China National Building Material Group Corporation, CEMEX, S.A.B. de C.V., HOLCIM, Heidelberg Materials, and UltraTech Cement Ltd., among others (not in any particular order).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increase in Residential Constructions Across Asia Pacific
4.1.2 Growing Infrastructural Activities In The Middle East And Africa Region
4.1.3 Abundance Availability of Raw Materials Such as Fly Ash
4.2 Restraints
4.2.1 Government Regulations On Carbon Emissions From Cement Manufacturing Plants
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 Type
5.1.1 Portland
5.1.2 Blended
5.1.3 Other Types
5.2 Application
5.2.1 Residential
5.2.2 Commercial
5.2.3 Infrastructure
5.2.4 Industrial and Institutional
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 ASEAN countries
5.3.1.6 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest Of South America
5.3.5 Middle-East And Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest Of Middle-East And Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Buzzi S.p.A.
6.4.2 China National Building Material Group Corporatio
6.4.3 CEMEX, S.A.B. de C.V.
6.4.4 CRH
6.4.5 Heidelberg Materials
6.4.6 HOLCIM
6.4.7 InterCement
6.4.8 Mitsubishi Cement Corporation
6.4.9 SCG
6.4.10 TAIHEIYO CEMENT CORPORATION
6.4.11 Taiwan Cement Ltd
6.4.12 TITAN CEMENT
6.4.13 UltraTech Cement Ltd.
6.4.14 Votorantim Cimentos
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Shifting Preference Towards Green Construction
7.2 Encouraging Performance of HBC (High Belite Cement) in China
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security