Portland Cement Market Expanding at 5.1% CAGR from 2014 to 2020 owing to Growing Urbanization
Transparency Market Research has released a new market report on the Portland cement market, titled "Portland Cement Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." The report states that the global Portland cement market, which totaled over 3.6 bn tons in 2013, is expected to amount to 5.2 bn tons by 2020, expanding at a CAGR of 5.1% from 2014 to 2020. The study analyzes the product value chain and evaluates the market based on Porter’s five forces model, analyzing the degree of competition in the market.
Browse the full Portland Cement Market for Residential, Commercial, Infrastructure and Other Applications (Bricks, Farm Construction, etc.) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020 report at https://www.transparencymarketresearch.com/portland-cement-market.html
Portland cement is crucial for construction applications such as the construction of commercial or residential structures. Growing urbanization in Asia Pacific has led to a rise in demand for housing and other infrastructure development. This, in turn, leads to a rise in the demand for Portland cement in the region. Since nations such as India and China are expected to require basic infrastructure facilities to be built, these countries are anticipated to be the major segments of the Asia Pacific regional market propelling the Portland cement market in the future. Moreover, the Rio Summer Olympic Games in 2016 and the FIFA World Cup in Russia in 2018 will require world-class infrastructure developments for the stadiums and other auxiliary amenities. The Russian government has allocated US$16 bn for the development of essential infrastructure for the FIFA World Cup. This is expected to drive the demand for Portland cement in Russia and Brazil.
One of the major factors limiting the growth of the Portland cement market is the environmental regulations put forth by several governments. Cement production is an energy-intensive process, which can cause many regions to impose various regulations regarding emissions from the cement industry.
Geographically, the Portland cement market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Out of these regions, 60% of the global market was held by Asia Pacific in 2013 in terms of total consumption. North America and Europe followed next as the major consumers of Portland cement.
Based on application, the market is categorized into residential, commercial, infrastructure, and others. In 2013, the residential and infrastructure segments collectively accounted for over 70% of the global Portland cement market. Commercial construction applications were the third largest segment of the market.
Some of the key market participants providing high-quality Portland cement are: Holcim, Lafarge SA, Heidelberg Cement, Anhui Conch, CNBM, UltraTech Cement Ltd., and Italcementi. The report profiles these leading players and thus provides interested individuals and enterprises a competitive edge above the rest. Growth strategies implemented by the leading manufacturers of Portland cement as well as other critical data such as product price, pictures, and specifications of each company have been included. This fruitful information assists readers in making wise and informed decisions regarding investment in the Portland cement market.
The global Portland cement market is segmented as follows:
- Others (Including cement bricks, farm construction, etc.)
- North America
- Asia Pacific
- Rest of the World (RoW)
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