Rise in Urbanization to Drive Demand for Cement Industry

January 24, 2022

 

Cement industry manufacturers are trying to expand their businesses to strengthen their position in the industry. The competitive landscape of the industry is highly fragmented with the presence of both regional as well as international players. Vendors are also adopting mergers and acquisitions and new product development strategies to attract high cement industry revenue in the forecast period.

Increasing Construction &Infrastructural Activities to Help Propel Asia Pacific Industry

From a geographical perspective, the cement industry size in North America was USD 12.3 billion in 2018. However, the research forecasts Asia Pacific to hold the highest cement industry share in the future. In 2018, this region was leading the industry owing to the growth of construction and infrastructural developmental activities, especially in the developing nations, such as India and China. China is the dominant producer and consumer of cement globally. The rise in demand for cement in the emerging nations, coupled with the surging demand for cement from the Southeast Asian nations are anticipated to help the region in continuing its dominance in the coming years.

On the other hand, Europe will witness significant growth on account of increasing public infrastructure. Countries, such as France, the U.K., Germany, and Russia are primarily contributing to the cement industry growth in this region.

Diversified Industry Will Allow Vast Expansion of Industry – Win-win Situation for Players

The increasing population is further boosting activities, such as industrialization and urbanization on a global basis. The rise in need for residential space is positively influencing the cement industry growth. It is witnessing robust growth on account of the rise in industrialization and urbanization activities. Besides this, the surging demand for amenities, namely, roads, airports, malls, office buildings, and residential spaces are further expected to help earn high cement industry revenue in the forecast period. Furthermore, changing lifestyle and the need for living a quality life will help to increase the need for urbanization, and ultimately boost the cement industry size in the coming years.

The global  cement industry  is anticipated to witness considerable growth on account of the rising number of construction activities worldwide. According to the research, the cement industry size is expected to be worth USD 463.0 billion during the forecast period from 2019 to 2026.

However, the cement industry size was valued at USD 312.5 billion in 2018. It is anticipated to grow at a CAGR of 5.2%.

The research is based on qualitative and quantitative cement industry analysis, predominantly focusing on growth trajectories, such as factors boosting and challenging the industry, prime industry developments, and key industry insights. It also describes the segmentation and the list of players operating in the industry in detail, along with all the major strategies adopted by them. Besides this, the research highlights some of the key cement industry trends that will bode well for players and the entire industry in the forecast period.

Some Of the Latest Industry Developments

June 2017 – UltraTech Cement has completed Rs 16,189 crore worth acquisition with five grinding units and six integrated cement plants of Jaiprakash Associates, holding a capacity of 21.2 million tonnes. As per this acquisition, all three companies, their creditors, and shareholders made an effective scheme of arrangement post which, the cement manufacturing capacity of UltraTech, raised to 93 million tonnes annually.

January 2019 – An agreement was signed between TEKFEN Ventures, an industrial venture company, dealing in agriculture, manufacturing, construction, and real estate sectors, and CEMEX ventures. This collaboration aims at identifying and supporting innovation in building technology and materials for construction on a global basis.

Some of the key cement industry manufacturers include:

Aditya Birla Ultratech, Titan Cement Company S.A., Votorantim Cimentos, The Siam Cement Group, Buzzi Unicem S.p.A., CRH plc, Mitsubishi Cement Corporation, LafargeHolcim, Argos USA Corporation, InterCement , CNBM International Corporation, Italcementi, Taiheiyo Cement Corporation, Drake Cement LLC, HeidelbergCement, Other Key Players.

 

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Thomas P
I believe in making the impossible possible because there’s no fun in giving up. Travel, design, fashion and current trends in the field of industrial construction are topics that I enjoy writing about.

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