New York, According to a new market research report published by Global Insight Services “Cement Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cement is a powdery substance made from a mixture of calcined limestone and clay. It is used as a binding agent in construction and is the main ingredient of concrete.
When mixed with water, cement forms a paste that sets and hardens over time. The chemical process of hydration causes the cement to undergo a series of changes, resulting in the formation of a strong, rigid material with a high compressive strength.
Cement is widely used in the construction industry, both as a mortar between bricks and stones, and as an ingredient of concrete, which is a mixture of cement, aggregate (sand or gravel), and water.
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Key Trends
The key trends in cement technology are:
1. Increasing use of alternative raw materials: Alternative raw materials such as industrial by-products, waste materials from other industries, and agricultural waste are being increasingly used in cement production. This is being done to reduce the cost of cement production and to reduce the environmental impact of cement production.
2. Increasing use of alternative fuels: Alternative fuels such as biomass, waste materials from other industries, and municipal solid waste are being increasingly used in cement production. This is being done to reduce the cost of cement production and to reduce the environmental impact of cement production.
3. Increasing use of energy-efficient technologies: Energy-efficient technologies such as the use of waste heat recovery systems, preheaters, and kiln heat exchangers are being increasingly used in cement production. This is being done to reduce the energy consumption of cement production and to reduce the environmental impact of cement production.
4. Increasing use of emissions-reduction technologies: Emissions-reduction technologies such as the use of low-NOx burners, calciner modifications, and kiln modifications are being increasingly used in cement production. This is being done to reduce the emissions of air pollutants from cement production and to reduce the environmental impact of cement production.
Key Drivers
There are a number of key drivers of the cement market, which can be broadly divided into two categories economic drivers and regulatory drivers.
Economic drivers include factors such as GDP growth, infrastructure spending, housing starts, and cement prices. Regulatory drivers include emissions regulations, energy efficiency standards, and other environmental regulations.
GDP growth is a major driver of cement demand, as infrastructure and construction activity generally increases with economic growth. Housing starts are also an important driver, as cement is a key input in the construction of homes. Cement prices are also a significant driver of demand, as they can impact the cost of construction projects.
Market Segments
The cement market bifurcated on the basis of type, application, and region. On the basis of type, it is segmented into Portland, blended, and others. By application, it is analyzed across residential and non-residential. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Player
The cement market report includes players such as CEMEX S.A.B. de C.V., HeidelbergCement AG, CNBM International Corporation, InterCement, Ultratech Cement Limited, Italcementi, LafargeHolcim, SCG, Votorantim, and Titan Cement Group.
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Reasons to buy Cement Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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