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Global Cement Industry Market Intelligence Databook Reveals Projected Industry Growth and Emerging Trends for 2024: A Forecasted US$397 Billion Market by 2027

Global Cement Industry Market Intelligence Databook Reveals Projected Industry Growth and Emerging Trends for 2024: A Forecasted US7 Billion Market by 2027

DUBLIN, March 13, 2024 /PRNewswire/ — The “Global Cement Industry Market Intelligence Databook Subscription – Q1 2024” report has been added to ResearchAndMarkets.com’s offering.

The cement industry is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 2.9% during 2023-2027. The global cement output is expected to increase from US$342.8 billion in 2022 to reach US$397.0 billion by 2027.

The global cement industry was projected to stabilize in 2023, after facing a difficult year in 2022, owing to higher energy prices and soaring inflation. The reopening of the Chinese economy, along with the policy measures announced by Beijing to revive the construction and real estate market, will support global cement consumption over the next 12 months. Beyond China, the demand for cement is also projected to increase at a modest rate in India. This will be driven by pre-election spending on infrastructure projects and a further recovery in urban housing.

In the Middle East, public works are projected to increase, which will also assist the demand for cement in the region. In Saudi Arabia, mega construction projects such as Neom will lead the cement consumption. In the United Arab Emirates, on the other hand, a strong recovery in the tourism and housing sector will drive the demand for cement over the next 12 months. The fear of recession in Europe and America is projected to dampen cement consumption from the short to medium-term perspective. The impact of the RussiaUkraine war, along with surging cement prices, will also affect consumption in the region.

The Asia Pacific region is projected to lead the recovery of the global cement industry

While the construction industry is projected to remain under cost and inflationary pressures, increased activities in the areas of urban housing and infrastructure projects in countries such as India and China are projected to support the recovery of the global cement industry from the short to medium-term perspective.

In Q4 2022, China announced various policy measures to revive the struggling real estate and construction market. This includes the US$29 billion in special loans aimed at property developers to help them finish stalled projects and the credit policy to promote urban housing sales. These policy measures announced by Beijing are expected to have a positive impact on cement consumption in China.

In India, the growing investment from the government in infrastructure development will also support cement consumption in the Asia Pacific region. This along with the affordable housing program of the Indian government will drive cement demand in India. To meet the growing demand for cement, many manufacturers have also announced their plans to expand their production capacity over the next three to four years.

Beyond India and China, other countries in the Asia Pacific region are projected to reel under the impact of rising inflation and energy prices.

European markets are expected to increase their investment in the sector to meet their net-zero goals

Many European countries have announced their net-zero goals and have started to initiate their steps toward achieving their goals. With the cement industry being one of the largest contributors to carbon emissions, investment in the development of innovative technologies and products in the cement industry is expected to increase significantly over the next five years.

Germany, for instance, has already announced that the country will increase its investment in green cement. The Irish government has committed itself to reducing industrial carbon emissions. Along with public organizations, private firms are also increasing their investment in the space.

Saint-Gobain, for instance, extended its partnership with Ecocem, the cement manufacturer that has developed technology to reduce carbon emissions. Saint-Gobain holds a 25% stake in Ecocem, which claims that the technology can reduce emissions by 70%.

To decarbonize the cement and concrete industry in Europe, innovative startups are also raising funding rounds. alcemy, for instance, announced that the firm had raised €10 million in its Series A capital round. The German firm develops software that is designed to assist the cement and concrete manufacturers.

The increasing investment and support from government organizations will keep driving the competitive landscape in the European cement market, thereby also supporting the industry growth from the medium to long-term perspective.

Cement makers are seeking to expand their presence in the United States market to drive market share

In the United States, cement imports have been on a consistent increase. Driven by public and private spending on construction projects across sectors, including infrastructure and commercial, cement demand is projected to further increase in the United States. To capitalize on the growing cement consumption trend in the North American market, cement makers are expanding their presence in the region by launching new manufacturing plants and entering into mergers and acquisition deals.

In H2 2022, Calucem, the cement manufacturer based in Germany, announced that the firm will invest US$35 million towards the development of a new manufacturing plant in the United States. The investment is part of the firm’s strategy to further strengthen its position in the North American market. LafargeHolcim, on the other hand, is seeking acquisition opportunities to strengthen its presence in the United States.

With these global players expanding their presence in the region, the publisher expects the competitive landscape to grow significantly in the United States from the short to medium-term perspective.

This market intelligence report provides a detailed view of market opportunities in the cement industry. With over 50+ KPIs, covering construction markets, distribution channel, end-user, and products in each country, this databook offering primarily provides data-centric analysis with charts and tables.

  • Cement Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and cement opportunities in the various end-user industry a in the country
  • Distribution Channel: Provides an in-depth analysis of distribution channel across products at country level in value terms
  • Cement Products: Provides demand analysis of market by 4 key products. Portland Cement, Blended Cement, Specialty Cement, and Green Cement. This segment also includes in depth analysis of further sub-segments of cement product types.

Report Scope

This report provides a detailed data-centric analysis of the cement industry, covering market opportunity, and industry dynamics by cement products and end-user, construction market and distribution channel.

With over 30+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

By Cement Markets, 2018-2027

  • Residential Buildings
  • Non-Residential Buildings
  • Infrastructure & Other Markets

By Cement End-User, 2018-2027

  • Ready-Mix Concrete Producers
  • Consumers
  • Concrete Product Manufacturers
  • Other End Users

By Distribution Channel, 2018-2027

  • Direct Channel
  • Indirect Channel

By Cement Product, 2018-2027

  • Portland cement
  • Blended Cement
  • Type IS (X), Portland-Slag Cement
  • Type IP (X), Portland-Pozzolan Cement
  • Type IL (X), Portland-Limestone Cement
  • Type IT, Ternary Blended Cement
  • Specialty Cement
  • Rapid Hardening Cement
  • High Alumina Cement
  • White Cement
  • Sulphate Resistant Cement
  • Others
  • Green Cement

Key Report Benefits

  • Provide In-depth Understanding of Cement Market Dynamics: market opportunity, industry dynamics, key trends, restraints and drivers across 30+ market segments.
  • In detail Segmentation of Cement Product Analysis: Market size and forecast by products, end-user, distribution channel, and construction markets.
  • Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the cement industry in Global.
  • Comparable Data: Get detailed and comparable data for the cement market size.

For more information about this report visit https://www.researchandmarkets.com/r/2qshty

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