Construction Industry Today

Cement Market 2018-2022 has Massive Key Player Lafarge, Holcim Ltd , Heidelberg Cement AG, CEMEX S.A.B. de C.V., UltraTech Cement Limited -Forecast

Global Cement Market, By Type (Rapid Hardening Cement, Low Heat Cement, High Alumina Cement, White Cement, Colored cement, Hydrographic cement and other), By Application (construction, infrastructure) - Forecast 2016-2022.
Published 23 February 2018
Global Cement Market   - Overview
Cement is a key binding substance that is intended for use in building or construction material and utilized as a prime part of the main mixtures for construction. Cement is referred as one of the most used material in the world due to widespread use in construction activities. Furthermore the investment by companies in material technologies to suit the sustainable construction requirement has spiked the demand.

Huge investments in infrastructural projects in BRIC countries along with increased FDI in construction in the regions of Asia Pacific has spurred the demand for cement for commercial and residential purpose. Asia-Pacific region has given a tough competition to well established European and U.S. markets when it comes to construction material. Global cement market is expected to grow at a CAGR of approximately 8% during the forecast period.
The governments across all regions are seen promoting and developing their construction sector. The emerging nations are the ones which are particularly bringing various reform and regulations to boost their infrastructure growth and real-estate market. For instance, the government of India announced several major policy initiatives such as the passage of the Real Estate (Regulation and Development) Act 2016, the amendment to the Benami Transactions Act, 100% deduction in profits for affordable housing construction, change in arbitration norms for construction companies, and many others to boost the construction industry in the country. This in turn is expected to boost cement market across the construction sector.

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Prominent Players
Lafarge, Holcim Ltd, Anhui Conch Cement Company Ltd, Heidelberg Cement AG, Jidong Development Group Co. Ltd., CEMEX S.A.B. de C.V., China National Building Material Company Ltd., UltraTech Cement Limited, Mitsubishi Materials Corporation and Shanshui Cement Group Ltd. are some of the prominent players at the forefront of competition in the global cement market and are profiled in MRFR Analysis. 

Global Cement Market   - Competitive Analysis
The cement market is partnering with partners across the supply chain to develop products and in order to create a more sustainable construction industry.

In 2018, HeidelbergCement, a building materials company, has announced that its subsidiary, US company Lehigh White Cement LLC, has signed an agreement to sell its 51% position in Lehigh White Cement Co. to the minority shareholders Aalborg Cement Co. Inc. and Cemex Inc. The closing of the transaction is expected around 1Q18 at the amount of USD 140 million.

In April 2017, Burnpur Cement announced theo launch of its new product, Pozolona Portland Cement(PPC) from the Patratu plant of the company. After the production of PPC, the capacity utilisation of the plant will be 100%, impacting the turnover and financial condition of the company on a positive note.  

Global Cement Market   - Regional Analysis
Major growth and investment in cement and construction material market is seen in APAC countries. The region is expected to witness staggering growth in the forecast period. The region is offering flourishing markets to the international companies to push the market. The companies are seen investing in the innovation of new advanced technologies in APAC region, especially in China, India, Indonesia, among others and this is expected to boost the cement market demand.

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Moreover, the Chinese government issued several favourable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. China accounts for the major share in the APAC cement market. India, on the other hand, is seeking increase in private funding solutions in the provision of much of the new infrastructure needed. However, the reconstruction is only expected to provide a short-term boost to construction activity that is likely to return to trend later in the decade. In Southeast Asia relatively strong construction spending growth is also expected in Indonesia and Vietnam, as both countries upgrade infrastructure to support their growing populations.

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