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:
By Type: The report identifies three segments on the basis of type: Blended, Portland and Ohers. The blended segment held the largest market share (more than 55%) in 2021 due to features such as reduced water demand, improved workability and pump ability, and reduced crack formation due to thermal stress. The blended segment consists of base portland in which other materials, such as limestone, slag, and pozzolana, are added to obtain the different blends. The demand for blended types from industries like mining, building construction, and road construction is expected to increase, which would boost the market for the blended segment in coming years.
By Application: The report identifies two segments on the basis of application: Non Residential and Residential. The non-residential segment is expected to be the most dominant segment throughout the forecast period. This market segment uses the cement products for tasks like building stadiums, commercial complexes, industrial buildings, roads, dams, and transportation hubs. The demand for the product has increased as a result of growing urbanisation and infrastructure development. Additionally, the market is anticipated to grow due to the high demand for hospitals and schools.
By Region: In the report, the global cement market by production is divided into four regions: Asia Pacific, Europe, The US, and ROW. Asia Pacific accounted for the maximum share of more than 70% of the global production in 2021. Four of the top ten cement producers in the world are from Asia: China, Vietnam, India, and Indonesia. In contrast to China, where most of the locally produced cement is consumed, Vietnam exports a large portion of its cement, with the construction industry receiving the majority of the supply.
UltraTech Cement Ltd.
China National Building Material Company
Cemex SAB de CV
Anhui Conch Cement Co Ltd
China Resources Cement Holdings Limited
Taiwan Cement Corporation
China Shanshui Cement Group
Huaxin Cement Co., Ltd.
Tangshan Jidong Cement Co.,Ltd.
Surging Demand from Construction Activities
Increasing Adoption of Green Cement
Rising Disposable Incomes
Utilization of Circulating Resources
Rising Government Regulations on Carbon Emissions from Manufacturing Plants
Depleting Fossil Fuel Reserves
Higher Power Consumption
Growing Civil Engineering Sector
Technological Advancements in the Production Process
Surging Infrastructure Projects in Developing Regions
Key Topics Covered:
1. Executive Summary
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
OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine.
(Bloomberg) — The OPEC+ alliance agreed to its biggest production cut since the start of the pandemic in Vienna on Wednesday, a move that drew a swift rebuke from the US and prompted Goldman Sachs Group Inc. to increase its price forecast for global benchmark Brent crude this quarter.Here’s what leading analysts have to say about the oil market after the group pledged to slash daily output by 2 million barrels from November:Morgan Stanley“Brent will find its way to $100 a barrel quicker than we
Costco offers a very simple proposition to its members. Basically, Costco offers no frills — its stores aren't just called warehouses, they actually are warehouses — and items are basically just stacked on pallets. Costco also puts relentless pressure on its vendors to squeeze out every penny of cost from each item.
Exxon Mobil (XOM) stock surged Wednesday after it signaled natural gas prices would support already strong third-quarter expectations. Despite steep growth estimates, the energy giant projects it will not match its record profits from Q2 as oil prices have retreated along with refining and chemical segment profits. Exxon reported its operating profit could come in at around $11 billion in…
Lockhart, south of Austin, had been a finalist for this massive semiconductor factory. Micron said Oct. 4 it will invest up to $100 billion to build the fabrication facility in Central New York, with the help of $5.5 billion in incentives.
Germany’s top economic minister is urging the U.S. and the EU to do more to help countries vulnerable to the energy crisis.
OPEC+, which groups members of the Organization of Petroleum Exporting Countries and allies including Russia, agreed to cut their output target by 2 million barrels per day (bpd) at a meeting in Vienna on Wednesday after spending most of the last two years adding back production slashed in 2020 when the COVID-19 pandemic hit. Morgan Stanley raised its first-quarter 2023 Brent price forecast to $100 per barrel from $95 per barrel, noting: "Brent will find its way to $100 per barrel quicker than we estimated before."
Our Next Energy, which involves several former leaders of Apple’s secretive car project, has plans for its factory to produce enough cells annually for 200,000 EVs by the end of 2027.
Michael Pachter, Wedbush managing director of equity research, joins Yahoo Finance Live to discuss Activision Blizzard's new Overwatch 2, the Activision-Microsoft merger, mobile gaming, and Netflix's upcoming gaming studio in Finland.
A legal filing made public Wednesday in the court battle between Twitter Inc. and Tesla Inc. Chief Executive Elon Musk shows that the judge expects the proceedings to continue despite a letter from Musk stating he intends to go through with his proposed $44 billion takeover of the social network if Twitter drops the lawsuit. Chancellor Kathaleen McCormick of the Delaware Chancery Court wrote in the filing that a stay has not been filed with the court, so she expects that plans, including a delay
(Bloomberg) — When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off from buying American semiconductors and other critical technologies. Now Huawei may have a path around those restrictions. The Chinese technology giant is providing support to a startup in its hometown of Shenzhen that has ordered chipmaking equipment — including from foreign suppliers — for a semiconductor manufacturing plant, according to people familiar wit
Frontline workers are stressed by the limited-time promotion that runs through the end of October.
New research based on the life-cycle model says that people should strive for a consistent standard of living through their lives.
Don’t get me wrong, Credit Suisse has got problems. But if we are looking for what might go pop as the financial system convulses in the face of rising interest rates and market volatility, we should probably look elsewhere.
(Reuters) -The largest U.S. oil trade groups said on Tuesday that they have "significant concerns" that the Biden administration is considering limiting fuel exports to lower consumer prices and urged top officials to take the option off the table, according to a letter seen by Reuters. The joint letter from the American Petroleum Institute and the American Fuel and Petrochemical Manufactures to Energy Secretary Jennifer Granholm represents the latest volley in a clash between the oil industry and the Biden administration over high energy prices. President Joe Biden has made battling an energy-led surge in consumer prices a top priority and has repeatedly chided oil companies for earning bumper profits at a time of record gasoline prices.
The move to curb output will likely push up already-high global energy prices and help oil-exporting Russia pay for its war in Ukraine.
OPEC+ concluded today’s Ministerial Meeting with the decision to cut production by 2 million bpd, with Russia and Saudi Arabia seeing the largest reduction from their baseline quotas
By Spotlight Growth
Apple is slowly moving manufacturing away from China.
A more than doubling in egg prices in France due to soaring feed and energy costs and a lack of supplies after the worst ever bird flu crisis has prompted some food companies to lower output or change recipes, egg producers said on Wednesday. Both the European Union and the United States have experienced one of their worst bird flu crises ever this year with tens of millions of poultry culled in each region. In turn world egg production, which hit 1,500 billion in 2021, was expected to fall for the first time in history this year, following a 4.6% drop in the United States, a 3% decline in the EU and an 8% slump in France, the bloc's largest egg producer, French industry group CNPO said.