Cement Market Size Worth USD 463 Billion by 2026; Increasing Building and Construction Activities Will Provide Impetus to Market Growth, says Fortune Business Insights™

Pune, May 25, 2020 (GLOBE NEWSWIRE) — The global cement market size is projected to reach USD 463.0 billion by the end of 2026. The rising construction activities will have a huge impact on the growth of the overall market in the coming years. According to a report published by Fortune Business Insights™, titled “Cement Market Size, Share and Industry Analysis, By Type (Portland, Blended, and Others), By Application (Residential, and Non-Residential), and Regional Forecast 2019-2026,” the market was worth USD 312.5 billion in 2018 and will exhibit a CAGR of 5.2% during the forecast period, 2019-2026.COVID-19 Impact Analysis on Cement Industry:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.To Get the Short-Term and Long-Term Impact of COVID-19 on this Market,Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/cement-market-101825

List of Key Companies Profiled  in the Cement Market Research Report are:CEMEXHeidelbergCementItalcementiInterCementLafargeHolcimCRH plcThe Siam Cement GroupTitan Cement Company S.A.Aditya Birla UltratechVotorantim CimentosBuzzi Unicem S.p.A.Mitsubishi Cement CorporationArgos USA CorporationCNBM International CorporationTaiheiyo Cement CorporationDrake Cement LLCOther Key PlayersCement is a binding structure that is widely used in construction and building activities. The product is used on a large scale across the world. The massive demand and subsequently rising production has opened up a huge potential for the companies operating in the market. Recent advances in manufacturing techniques for cement and ingredients used will aloe improved operational capabilities. The low cost of cement is a primary reason why it is being used on a large scale across the world. The presence of several large scale companies operating across the world will emerge in favor of market growth. The massive investments in the production of cement and cement products will bode well for the market in the foreseeable future. Moreover, the ease of availability of raw materials will emerge in favor of market growth.Company Mergers are a Growing Trend Among Major BusinessesThe report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and collaborations has made the highest impact on market growth. Accounting to the constant demand for cement, construction companies are partnering with cement manufacturers on a long term basis to ensure seamless production and availability of the product. In March 2019, CEMEX Ventures announced that it has signed an agreement with Tefken Ventures.Asia Pacific to Emerge Leading; Increasing Construction Activities to Aid GrowthThe report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is projected to emerge dominant, driven by the massive demand for the product in several countries across this region. The increasing construction activities in emerging countries such as India and China will contribute to market growth. Increasing infrastructure development activities will create several growth opportunities.The constantly rising population in India as well as China has a direct impact on the rise of the construction industry and subsequently affect the cement market in this region. Besides Asia Pacific, North America will witness considerable growth in the coming years owing to increasing demand for the product. As of 2018, the market in North America was worth USD 12.3 billion and this value is likely to increase further in the coming years. The market in North America will derive growth from the presence of several large scale companies operating in numerous countries across this region.Industry Developments:June 2017: UltraTech Cement announced that it has completed the acquisition of cement plants of Jaiprakash Associates Limited. Through this acquisition, the company aims to enter the high growth markets in India.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesKey Developments: Mergers, Acquisition, Partnership, etc.Latest Technological AdvancementInsights on Regulatory ScenarioPorters Five Forces AnalysisKey InsightsKey Findings / SummaryMarket Analysis, Insights and Forecast – By TypePortlandBlendedOthersMarket Analysis, Insights and Forecast – By ApplicationResidentialNon-ResidentialMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia pacificLatin AmericaMiddle East & AfricaNorth America Cement Market Analysis, Insights and Forecast, 2014-2025Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypePortlandBlendedOthersMarket Analysis, Insights and Forecast – By ApplicationResidentialNon-ResidentialMarket Analysis – By CountryU.S.CanadaTOC Continued…!!!
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