This market study report presents a detailed analysis of the key market trends and drivers that influence market growth. It further segments the global concrete and cements market by geography and includes key regions like the Americas, APAC, Europe, and ROW. The leading vendors analyzed in this market study report are Anhui Conch Cement, CNBM, Heidelberg Cement, and LafargeHolcim.
Outlook of the global concrete and cement market
The market research analyst has estimated the global market for concrete and cement to grow steadily at a CAGR of nearly 8% by 2020. The recent rise in the preference for prefabricated construction will aid in the growth of this market until the end of the forecast period. Prefabricated structures can be constructed off-site and helps to avoid the chaos and congestion caused due to on-site construction. Since it helps to increase the construction speed and also reduces the cost and time taken in the process, they are increasingly being preferred for a wide array of construction activities.
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Recent advances in manufacturing technology will aid in the growth of this market during the forecast period. Due to the growth of the construction market, the production of cement will rise at a high rate over the next few years. This increase in the production of cement will lead to a noticeable increase in the global CO? emissions. Consequently, many cement manufacturing companies are utilizing nanoparticles for the production of cement as it helps to decrease the level of emissions. Moreover, the extensive use of axial fans instead of centrifugal fans will also help to boost manufacturing efficiency and will ultimately lead to the growth of the market over the next four years.
Geographical segmentation of the concrete and cement market
Geographical segmentation of the cement market -
The APAC region will be the largest market for cement during the forecast period and will account for an impressive market share of more than 56% by 2020. The replacement of technologically obsolete and small manufacturing plants with better-equipped manufacturing units will lead to the strong growth of this market in APAC.
Geographical segmentation of the concrete market -
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In this market analysis, the analysts have estimated APAC to account for approximately 64% of the total market share by 2020. Factors such as increasing investments in the infrastructure sector and the rising preference for prefabricated construction and the construction of concrete roads will lead to the steady growth of this market in the APAC region.
Competitive landscape and key vendors
The global concrete and cement market is fragmented due to the entry of numerous small- and- medium-sized manufacturers. In this market, the companies are adopting strategies like M&A to increase their market shares at a global level. In 2015, China was the largest cement manufacturer globally, but due to increasing competition, the cement manufacturers in China have started altering their production approach to maintain their market shares.
Key vendors in the market are -
- Anhui Conch Cement
- Heidelberg Cement
Other prominent vendors analyzed in this market research are Birla Cement, Cemex, Italcementi, JK Cement, Prism Cement, and Ramco Cement.
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