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Report
Global Cement Market Report and Forecast 2023-2028
Market Report I 2023-09-13 I 157 Pages I EMR Inc.
Global Cement Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global cement market reached a value of USD 363.4 billion in 2022. Aided by the increasing demand for infrastructure and housing development and the expanding applications of cement in various industries, the market is projected to further grow at a CAGR of around 5.4% between 2023 and 2028 to reach a value of USD 498.23 billion by 2028.
Cement, a key component in concrete production, plays a fundamental role in construction activities. It is widely employed in infrastructure, residential and commercial buildings, roads, bridges, and other structures due to its durability and strength. Apart from its structural properties, cement is used as a binding material, offering excellent hardening, setting, and cementing capabilities.
The accelerating global urbanisation and the subsequent demand for infrastructure and housing are driving the global cement market growth. With the swelling population and the consequent migration towards cities, there has been a significant surge in the need for residential buildings, public infrastructure, and commercial spaces, leading to a spike in demand for cement. Moreover, advancements in construction technologies and the growing adoption of smart cities have further fuelled the demand.
The expanding applications of cement across different industries also play a pivotal role in propelling the cement market expansion. For instance, in the automotive industry, cement is used as a binder in the production of asbestos brake linings. In agriculture, it is used for constructing irrigation channels, and farm buildings, among others.
The rapid infrastructural development, especially in emerging economies, continues to contribute to the overall market growth. Cement is used in the manufacturing of precast concrete products, such as blocks, pipes, and staircase units, which find application in both residential and commercial construction. Furthermore, the increasing emphasis on sustainable construction has led to a shift towards eco-friendly cement products. The development of green cement, which significantly reduces carbon emissions associated with traditional cement production, has emerged as a key trend in the industry, thereby promoting the cement market development.
Lastly, advancements in cement manufacturing technologies, such as the introduction of alternative fuels and raw materials, and the adoption of carbon capture and storage (CCS) techniques, have optimised cement production, making it more efficient and less harmful to the environment. This, in turn, has provided a significant impetus to the cement market growth.
Market Segmentation
The market can be divided based on type, end use, and region.
Market Breakup by Type
- Blended
- Portland
- Others
Market Breakup by End Use
- Residential
- Commercial/Institutional/Industrial
- Infrastructural
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global cement companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Holcim Limited
- China National Building Material Group Co., Ltd.
- Ultratech Cement Limited
- Grasim Industries Limited
- HeidelbergCement AG
- The Siam Cement Group
- Shree Cement Limited
- CRH plc
- CEMEX S.A.B. de C.V.
- Adani Group
- Buzzi Unicem SpA
- Titan Cement International SA
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cement Market Analysis
8.1 Key Industry Highlights
8.2 Global Cement Historical Market (2018-2022)
8.3 Global Cement Market Forecast (2023-2028)
8.4 Global Cement Market by Type
8.4.1 Blended
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Portland
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Cement Market by End-Use
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial/Institutional/Industrial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Infrastructural
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Cement Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Cement Market Analysis
9.1 Market by Type
9.2 Market by End-Use
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market Share
9.3.1.2 Historical Trend (2018-2022)
9.3.1.3 Forecast Trend (2023-2028)
9.3.2 Canada
9.3.2.1 Market Share
9.3.2.2 Historical Trend (2018-2022)
9.3.2.3 Forecast Trend (2023-2028)
10 Europe Cement Market Analysis
10.1 Market by Type
10.2 Market by End-Use
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market Share
10.3.1.2 Historical Trend (2018-2022)
10.3.1.3 Forecast Trend (2023-2028)
10.3.2 Germany
10.3.2.1 Market Share
10.3.2.2 Historical Trend (2018-2022)
10.3.2.3 Forecast Trend (2023-2028)
10.3.3 France
10.3.3.1 Market Share
10.3.3.2 Historical Trend (2018-2022)
10.3.3.3 Forecast Trend (2023-2028)
10.3.4 Italy
10.3.4.1 Market Share
10.3.4.2 Historical Trend (2018-2022)
10.3.4.3 Forecast Trend (2023-2028)
10.3.5 Others
11 Asia Pacific Cement Market Analysis
11.1 Market by Type
11.2 Market by End-Use
11.3 Market by Country
11.3.1 China
11.3.1.1 Market Share
11.3.1.2 Historical Trend (2018-2022)
11.3.1.3 Forecast Trend (2023-2028)
11.3.2 Japan
11.3.2.1 Market Share
11.3.2.2 Historical Trend (2018-2022)
11.3.2.3 Forecast Trend (2023-2028)
11.3.3 India
11.3.3.1 Market Share
11.3.3.2 Historical Trend (2018-2022)
11.3.3.3 Forecast Trend (2023-2028)
11.3.4 ASEAN
11.3.4.1 Market Share
11.3.4.2 Historical Trend (2018-2022)
11.3.4.3 Forecast Trend (2023-2028)
11.3.5 South Korea
11.3.5.1 Market Share
11.3.5.2 Historical Trend (2018-2022)
11.3.5.3 Forecast Trend (2023-2028)
11.3.6 Australia
11.3.6.1 Market Share
11.3.6.2 Historical Trend (2018-2022)
11.3.6.3 Forecast Trend (2023-2028)
11.3.7 Others
12 Latin America Cement Market Analysis
12.1 Market by Type
12.2 Market by End-Use
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Market Share
12.3.1.2 Historical Trend (2018-2022)
12.3.1.3 Forecast Trend (2023-2028)
12.3.2 Argentina
12.3.2.1 Market Share
12.3.2.2 Historical Trend (2018-2022)
12.3.2.3 Forecast Trend (2023-2028)
12.3.3 Mexico
12.3.3.1 Market Share
12.3.3.2 Historical Trend (2018-2022)
12.3.3.3 Forecast Trend (2023-2028)
12.3.4 Others
13 Middle East and Africa Cement Market Analysis
13.1 Market by Type
13.2 Market by End-Use
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market Share
13.3.1.2 Historical Trend (2018-2022)
13.3.1.3 Forecast Trend (2023-2028)
13.3.2 United Arab Emirates
13.3.2.1 Market Share
13.3.2.2 Historical Trend (2018-2022)
13.3.2.3 Forecast Trend (2023-2028)
13.3.3 Nigeria
13.3.3.1 Market Share
13.3.3.2 Historical Trend (2018-2022)
13.3.3.3 Forecast Trend (2023-2028)
13.3.4 South Africa
13.3.4.1 Market Share
13.3.4.2 Historical Trend (2018-2022)
13.3.4.3 Forecast Trend (2023-2028)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 2523)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Manufacturing Process
19 Project Requirements and Costs Involved
19.1 Land Requirements and Expenditures
19.2 Construction Requirements and Expenditures
19.3 Plant Machinery
19.4 Raw Material Requirements and Expenditures
19.5 Packaging Requirements and Expenditures
19.6 Transportation Requirements and Expenditures
19.7 Utility Requirements and Expenditures
19.8 Manpower Requirements and Expenditures
19.9 Other Capital Investments
20 Project Economics
20.1 Capital Cost of the Project
20.2 Techno-Economic Parameters
20.3 Product Pricing and Margins Across Various Levels of the Supply Chain
20.4 Taxation and Depreciation
20.5 Income Projections
20.6 Expenditure Projections
20.7 Financial Analysis
20.8 Profit Analysis
21 Competitive Landscape
21.1 Market Structure
21.2 Company Profiles
21.2.1 Holcim Limited
21.2.1.1 Company Overview
21.2.1.2 Product Portfolio
21.2.1.3 Demographic Reach and Achievements
21.2.1.4 Certifications
21.2.2 China National Building Material Group Co., Ltd.
21.2.2.1 Company Overview
21.2.2.2 Product Portfolio
21.2.2.3 Demographic Reach and Achievements
21.2.2.4 Certifications
21.2.3 Ultratech Cement Limited
21.2.3.1 Company Overview
21.2.3.2 Product Portfolio
21.2.3.3 Demographic Reach and Achievements
21.2.3.4 Certifications
21.2.4 Grasim Industries Limited
21.2.4.1 Company Overview
21.2.4.2 Product Portfolio
21.2.4.3 Demographic Reach and Achievements
21.2.4.4 Certifications
21.2.5 HeidelbergCement AG
21.2.5.1 Company Overview
21.2.5.2 Product Portfolio
21.2.5.3 Demographic Reach and Achievements
21.2.5.4 Certifications
21.2.6 The Siam Cement Group
21.2.6.1 Company Overview
21.2.6.2 Product Portfolio
21.2.6.3 Demographic Reach and Achievements
21.2.6.4 Certifications
21.2.7 Shree Cement Limited
21.2.7.1 Company Overview
21.2.7.2 Product Portfolio
21.2.7.3 Demographic Reach and Achievements
21.2.7.4 Certifications
21.2.8 CRH plc
21.2.8.1 Company Overview
21.2.8.2 Product Portfolio
21.2.8.3 Demographic Reach and Achievements
21.2.8.4 Certifications
21.2.9 CEMEX S.A.B. de C.V.
21.2.9.1 Company Overview
21.2.9.2 Product Portfolio
21.2.9.3 Demographic Reach and Achievements
21.2.9.4 Certifications
21.2.10 Adani Group
21.2.10.1 Company Overview
21.2.10.2 Product Portfolio
21.2.10.3 Demographic Reach and Achievements
21.2.10.4 Certifications
21.2.11 Buzzi Unicem SpA
21.2.11.1 Company Overview
21.2.11.2 Product Portfolio
21.2.11.3 Demographic Reach and Achievements
21.2.11.4 Certifications
21.2.12 Titan Cement International SA
21.2.12.1 Company Overview
21.2.12.2 Product Portfolio
21.2.12.3 Demographic Reach and Achievements
21.2.12.4 Certifications
21.2.13 Others
22 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cement Market: Key Industry Highlights, 2018 and 2028
2. Global Cement Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Cement Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Cement Historical Market: Breakup by End-Use (USD Million), 2018-2022
5. Global Cement Market Forecast: Breakup by End-Use (USD Million), 2023-2028
6. Global Cement Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Cement Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Cement Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Cement Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Cement Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Cement Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Cement Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Cement Market Structure
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