The global cement market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing investments in infrastructure sector are expected to be major factor driving market growth. Growing demand for construction of residential and non-residential such as institutional buildings, hospitals, commercial offices, etc., owing to rising population is anticipated to propel market growth over the forecast period.
The global cement market report has been segmented on the basis of product, application, and region.
On the basis of product, the global cement market has been segmented into Portland cement and others (white Portland cement and colored cement). Penetration of others segment is expected to grow at a steady rate over the forecast period. Growing demand for smooth and textured plaster in residential and non-residential construction is expected to drive segment growth over the forecast period.
On the basis of application, the global cement market has been segmented into residential construction and non-residential construction. Residential construction segment is expected to witness steady growth over the forecast period. Increasing urbanization coupled with rising population is expected to drive segment growth.
Request for the Sample Report Here: https://marketresearch.biz/report/cement-market/request-sample/
On the basis of region, the global cement market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to grow at a rapid pace over the forecast period owing to growing demand for residential construction in the region. Moreover, rising investments for reconstruction of old buildings is anticipated to drive market growth.
Key players operating in the global cement market include Lafarge S.A., CNBM International Corporation, Anhui Conch Cement Company Limited, HeidelbergCement AG, Tangshan Jidong Cement Co., Ltd., CEMEX S.A.B. de C.V., China Resources (Holdings) Co., Ltd., Italcementi S.p.A., Taiwan Cement Corp., and UltraTech Cement Limited.