October 06, 2022 05:08 ET | Source: Research and Markets Research and Markets
Dublin, IRELAND
Dublin, Oct. 06, 2022 (GLOBE NEWSWIRE) — The “Global Cement Market: Analysis By Production, By Consumption, Type (Blended, Portland and Others), By Application (Non Residential and Residential), By Region, Size and Trends with Impact of COVID-19 and Forecast up to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global cement market was valued at US$328.73 billion in 2021, and is expected to be worth US$443.06 billion in 2027. Cement is a substance which binds together other materials by a combination of chemical processes collectively known as setting. Cement is a dry powder and should not be confused with concretes or mortars, but it is an important constituent of both of these materials, in which it acts as the ‘glue’ that gives strength to structures.
Mortar is a mixture of cement and sand whereas concrete also includes rough aggregates. Because it is a major component of both of these building materials, cement is an extremely important construction material.
The global cement production in 2021 was recorded at 4.37 billion ton whereas the consumption was 4.27 billion ton. Cement is used in the production of the many structures that make up the modern world including buildings, bridges, harbors, runways and roads. It is also used for facades and other decorative features on buildings. The constant demand for all of these structures, increasingly from the developing world, means that cement is the second most consumed commodity in the world after water. The global cement market is determined to grow at a CAGR of 5.10% over the forecasted period of 2022-2027.
Market Segmentation Analysis:
Key Players
Market Dynamics
Growth Drivers
Challenges
Market Trends
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional Market Analysis
5. Impact of Covid-19
6. Market Dynamics
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/dt3q7b
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