Portland Cement Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, New York (PRWEB) September 14, 2014
Transparency Market Research has released a new market report titled "Portland Cement Market for Residential, Commercial, Infrastructure and Other Applications (Bricks, Farm Construction, etc.) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," which observes that the Portland cement market demand in 2013 was worth 3,670.8 million tons and is expected to reach 5,165.1 million tons by 2020, growing at a CAGR of 5.1% between 2014 and 2020. In terms of revenue, the global market for Portland cement was estimated at USD 234.6 billion in 2013.
Portland cement plays a vital role in various construction applications. Portland cement is used for building various residential and commercial structures across the globe. Global demand of Portland cement is mainly driven by the growing urbanization in countries such as China, India, Brazil, Russia and South Africa (BRICS countries) and growing infrastructure investments in Middle East countries. These factors are expected to remain the major driving forces for the Portland cement market in the near future. Stringent environmental regulations are expected to be the major challenge for cement producers in the next few years.
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Residential and Infrastructure construction applications were the predominant application segments of Portland cement, accounting for over 70% of total demand in 2013.The demand for Portland cement is expected to witness a robust growth in the next few years due to ever increasing use Portland cement for construction applications across the globe. Growing urbanization has led to an increase in demand for new residential units and need for infrastructure development. Burgeoning investments in infrastructure projects in the Middle Eastern countries such as Qatar, Saudi Arabia and UAE are also anticipated to provide a powerful impetus to Portland cement producers These factors are anticipated to be the key driving factors for Portland cement for the next few years.
Asia Pacific accounted for about 65.0% of the total Portland cement market in 2013, followed by North America and Europe. Asia Pacific is expected to be the fastest growing regional market in terms of both Portland cement consumption and production. This can be attributed to the growing urbanization in this region. The economic development coupled with increasing investments in infrastructure development in Asia Pacific has led to the region emerging as a key destination for Portland cement producers. This has encouraged various manufacturers to concentrate their efforts on establishing new capacities in Asia Pacific. Rest of the World is the other major region where Portland cement consumption was very strong and is expected to grow in demand with a CAGR of about 5.6% in terms of revenue from 2014 and 2020.
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Lafarge SA, Holcim, Heidelberg Cement, CNBM, Anhui Conch, Italcementi and UltraTech Cement Ltd., are some of the major participants in the Portland cement industry.
Portland Cement Market - Application Segment Analysis
- Others (Including cement bricks, farm construction, etc.)
Portland Cement Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
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