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Global Cement Industry Overview and Market Forecast 2016-2024

by Steve Blade · November 30, 2018


According to Goldstein Research, global cement market is expected to reach USD 7.4 trillion by 2024, growing at a CAGR of 8.2% over the forecast period 2016-2024. Rise in the construction and building activities is one of the major drivers fuelling the global cement market growth. 鈥淕lobal Cement Market Outlook 2024鈥?contains a detailed global cement industry overview. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type Leighton Vander Esch Kids Jersey , end user and geography.


Based on product type, Portland cement accounted for over 58.0% of total market share in 2016 owing to its cost effectiveness and extensive use for wide applications as compared to other cement types. Global cement market is largely dominated by the Asia Pacific with a market share of 54.0% in 2016 owing to the presence of largest cement producing countries such as China, India, Indonesia, South Korea Demarcus Lawrence Kids Jersey , and Vietnam.


Download Exclusive Sample Report:聽 Market Segmentation

On the basis of our in-depth analysis, Global Cement Market can be segmented as follows:

Based on Product Type Hydraulic Cement Ordinary Portland Cement Cement Clinkers White Cement Aluminous Cement Geo-Polymer Cement Other Cement (Puzzolona Lime Cement, Slag-Lime Cement, Supersulfated Cement) Based on End-User Residential Commercial Industrial By Region North America Cement Market Analysis, 2016-2024 Europe Cement Market Analysis Amari Cooper Kids Jersey , 2016-2024 The Middle East And Africa Cement Market Analysis, 2016-2024 Latin America Cement Market Analysis, 2016-2024 Asia Pacific Cement Market Analysis, 2016-2024 Rest Of The World Cement Market Analysis, 2016-2024



Based on geography Dak Prescott Kids Jersey , India has second largest cement industry all over the world, with production of around 425 million tons in 2017, and by 2025 India is expected to reach the cement production capacity of 550 million tons. According to o ndian cement industry analysis 2016-2024鈥?p>

Various factors are impacting the growth of cement industry such as rising demand from construction and infrastructure sector but most importantly, the government of India is taking steps to develop 98 smart cities, which is the major driving factor for the growth of cement industry.