PUBLISHER: TechNavio | PRODUCT CODE: 1557446
PUBLISHER: TechNavio | PRODUCT CODE: 1557446
The cement market is forecasted to grow by USD 89.4 bn during 2023-2028, accelerating at a CAGR of 4.25% during the forecast period. The report on the cement market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in road and highway infrastructure projects, growth of construction industry, and use of energy-efficient technologies.
Technavio's cement market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.09% |
CAGR | 4.25% |
Incremental Value | $89.4 bn |
By Product
By End-user
By Geographical Landscape
This study identifies the use of alternative fuels in cement manufacturing as one of the prime reasons driving the cement market growth during the next few years. Also, innovative progression in manufacturing process and rising demand for green cement will lead to sizable demand in the market.
The report on the cement market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cement market vendors that include Adbri Ltd., Aditya Birla Management Corp. Pvt. Ltd., Al Safwa Ltd., Buzzi SpA, Cementir Holding NV, CEMEX SAB de CV, China National Building Material Co. Ltd., Drake, Epcco Publishing Group Ltd., GRUPO ARGOS S.A, Heidelberg Materials AG, Holcim Ltd., INTERCEMENT PARTICIPACOES SA, PPC Ltd., Siam Cement PCL, Sumitomo Osaka Cement Co. Ltd., Taiheiyo Cement Corp., Taiwan Cement Corp, and Votorantim SA. Also, the cement market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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