Cement refers to a fine mineral powder prepared by grinding calcined limestone and clay. This powder is then mixed with water and poured to set as a solid mass. Cement exhibits various cohesive & adhesive properties due to which it is extensively used as a bonding material all around the globe. It is available in different grades and currently represents one of the crucial raw materials in the construction industry.
A majority of the cement produced worldwide is consumed for domestic purpose while only 3% of the global production is exported to other countries. According to a new report by Expert Market Research, the global cement market reached a consumption value of 4.8 Billion Tons in 2016 and is further expected to reach nearly 6 Billion Tons by 2022.
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The growth of the market can be accredited to a number of forces. Since the revival of the construction industry, a surge in the infrastructural activities has been witnessed, in both developed and developing countries. Owing to the rising populace coupled with increasing urbanisation rates in developing countries, there has been a huge demand for shelter and improved infrastructure. Moreover, easy availability of the raw materials used for producing cement along with its low-cost have also prompted a number of manufacturers to invest into the cement industry, thereby, stimulating the market growth.
Key findings from the report:
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Expert Market Research has analysed the global cement market according to type, end-use, major regions and top players:
Market breakup by Type
Market breakup by End-use
Market breakup by Region
Top players
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