The market for cement and concrete products manufacturing reached a value of nearly $915 billion in 2017. Asia Pacific is the largest market for cement and concrete products manufacturing companies, accounting for around 54% of the global market. China is the largest country in terms of value in the cement and concrete products market.
The cement and concrete product manufacturing industry comprises businesses that manufacture cement, concrete and related products, including concrete pipes, bricks, and paving blocks. This industry includes the manufacturing of Portland cement, natural cement, masonry cement, pozzolanic cements, ready-mix concrete, and related products.
Read More On The Global Cement And Concrete Products Market Report At:
https://www.thebusinessresearchcompany.com/report/cement-and-concrete-market
Cement And Concrete Products Market Size
The cement and concrete market is expected to grow at a growth rate of around 10% to nearly $652 billion by 2022.Growth in the cement and concrete market in the historic period resulted from government initiatives to boost housing, and low interest rates. Factors that negatively affected growth in the historic period are shortage of coal for cement production and high taxes on cement and concrete products. Going forward, increasing infrastructure spending, economic growth, and urbanization will drive growth.
The global cement and concrete market is highly fragmented. Players in the market include LafargeHolcim, China National Building Materials, CRH, Cemex and Heidelberg Cement.
LafargeHolcim is the largest competitor in the cement and concrete products market in 2017 with around 2.4% share of market. LafargeHolcim is a Swiss based building materials and solutions company. It manufactures cement, aggregates, ready-mix concrete, concrete, and asphalt products and also provides related services and solutions. Furthermore, this company also has a waste management business which utilizes alternative fuels to fire its kilns to reduce carbon dioxide.
Request A Free Sample Of The Global Cement And Concrete Products Market Report At:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2352&type=smp
The Cement And Concrete market is expected to grow at a CAGR of around 10% to nearly $652 billion by 2022.
Growth in the cement and concrete market in the historic period resulted from government initiatives to boost housing, and low interest rates. Factors that negatively affected growth in the historic period are shortage of coal for cement production and high taxes on cement and concrete products. Going forward, increasing infrastructure spending, economic growth, and urbanization will drive growth. Factors that could hinder the growth of this market in the future are stringent regulations on emissions from cement plants, interest rate increases and increasing trade protectionism.
Some of the major drivers of the market are:
Increasing Infrastructure Spending – Governments globally are increasingly spending on infrastructure projects to stimulate economic growth. In addition, many countries are focusing on the renovation of old infrastructure to increase efficiency and cater to the increasing population.
Economic Growth – The global economy is expected to go through a continued period of steady growth during 2018-2022.
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Media Contact
Company Name: The Business Research Company
Contact Person: Nitin
Email: Send Email
Phone: 08897263534
Address:1st Floor, Anshu Colors Building, Road Number 1 Park View Enclave, Jubilee Hills
City: Hyderabad 500033
State: Telengana
Country: India
Website: https://www.thebusinessresearchcompany.com/report/cement-and-concrete-market