Global Cement Market Reached Production Volume of 4.5 Billion Tons By 2015

Driven by the revival of the construction sector and new investment policies introduced by governments across a number of emerging markets, the global cement market grew at a CAGR of around 7% during 2008-2015.

Cement is a powdery substance made by calcining lime and clay. It is the main component required during the production of concrete and mortar which are used as construction materials. According to IMARC Group, the global cement market has grown at a CAGR of around 7% during 2008-2015 with production volumes reaching 4.5 Billion Tons in 2015.  Currently, the market for cement is being driven by the revival of the construction sector in both developed and emerging markets.  Over the last few years, there has been a strong growth in the demand of cement in the construction of buildings and other infrastructural projects such as bridges, dams, tunnels, etc. The market is also influenced by other uses of cement such as solidification or stabilization techniques for the management and disposal of hazardous wastes and stabilizing substandard soils to form a base for buildings, roadways, airport runways, etc.

IMARC Group’s latest report “Cement Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides a detailed insight into the global cement market. The report has segmented the market on the basis of key regions. Currently, China dominates the global cement market accounting for more than 58% of the total global consumption. China was followed by India, the United States, Brazil and Iran. The report has also analysed some of the key players operating in this market such as China National Building Materials (CNBM), Lafarge Holcim, Anhui Conch, Jidong Development and Heidelberg Cement.

The report gives a detailed roadmap for setting up a cement manufacturing plant. The study covers all the essential aspects of the cement industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cement industry in any manner.

Browse Full Report on Global Cement Market:

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Sep 30, 2016