Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Cement Market to Cross USD 825.1 billion by 2031, Garnering a 7.2% CAGR from 2023 to 2031 | TMR Study

This image opens in the lightbox

News provided by

Transparency Market Research

09 Nov, 2023, 17:30 GMT

Share this article

Share toX

Share this article

Share toX

WILMINGTON, Del., Nov. 9, 2023 /PRNewswire/ -- This is causing an increase in the need for infrastructure and housing to accommodate migrants, thus boosting the global cement market growth.

Transparency Market Research Inc. - The global cement market was estimated at a value of US$ 474.8 billion in 2022. It is anticipated to register a 7.2% CAGR from 2023 to 2031 and by 2031 the market is likely to attain US$ 825.1 billion by 2031.

In order to build sustainable and environmentally friendly structures, strict laws are pushing cement producers to create substitutes, including green cement. Green cement is made using carbon-negative production processes, which helps it abide by the pollution laws that control its use.

Download Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1453 

Cement Market Report Scope:

Report Coverage

Details 

Forecast Period 

2023-2031

Base Year 

2022

Size in 2022

US$ 474.8 Bn

Forecast (Value) in 2031

US$ 825.1 Bn

Growth Rate (CAGR)

7.2 %

No. of Pages

 

320 Pages

Segments covered

 

Type, Application

Key Findings of the Market Report

  • Asia Pacific is seeing an increase in infrastructure development and building activity, which is driving up demand for cement in the region.
  • In Europe and North America, the amount of work being done on restoring, renovating, and rebuilding the current infrastructure is growing significantly.
  • This presents a substantial opportunity for the growth of the cement sector in these areas.
  • The healthcare industry is growing at a significant rate, particularly in the post-pandemic period. 
  • Governments everywhere are investing more in the development of healthcare infrastructure.
  • Throughout the projected period, makers of cement should find possibilities in the cement industry due to this requirement for specialized infrastructure.

Market Trends for Cement

  • Large economies in the Asia-Pacific region, like India and China, are investing more in the construction and building sectors in order to meet the need for infrastructure and housing as a result of a rise in the population moving to cities in search of better employment opportunities.
  • The continuous trend of restoring and renovating ancient or existing infrastructure is driving up cement consumption in industrialized economies in North America and Europe.
  • According to the Alberta government, between 2020 and 2021, it committed around US$ 1.16 billion to 172 initiatives of this nature. In the near future, it is anticipated that these variables will have a beneficial impact on the cement market projection.

Request for customization of this research report: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1453 

Global Market for Cement: Regional Outlook

Various reasons are propelling the growth of the cement market in different regions. These are:

  • Asia Pacific holds a prominent position in the cement market due to the substantial demand for cement generated by the rapidly expanding building and construction industry in major economies like China and India. The construction industry in China was estimated by the National Statistics Bureau of China to be worth US$ 1.2 trillion in 2022, a 4% increase from the year before. In the coming years, it is anticipated that the regional cement sector would grow significantly due to the increase in construction.
  • Cement is consumed in large quantities throughout Europe, with the United Kingdom, Germany, France, and Russia being important markets. One possible explanation for the expansion of the cement industry in the region is the rise in the number of ancient and potentially dangerous buildings being renovated.
  • Precast concrete and 3D concrete printing are two examples of the innovative, contemporary techniques that the building sector in North America has adopted, contributing to the sizable market share in the global market. The governments in the area are concentrating on updating and renovating the outdated infrastructure that already exists.

Global Cement Market: Key Players

The global market is extremely concentrated, with a small number of well-known companies holding a sizable portion of the industry. Well-known cement producers are expanding their manufacturing facilities, forming joint ventures, and keeping up with the most recent developments in the cement industry. The following companies are well-known participants in the global cement market:

  • CNBM
  • Dangote
  • Mitsubishi Materials
  • Jaypee Cement
  • Siam
  • CEMEX
  • Lafarge SA
  • China National Materials Co.
  • Titan

Some key developments by the players in this market are:

  • Heidelberg Materials stated in 2023 that it would invest US$600 million to establish a state-of-the-art cement facility in Mitchell, Indiana. The goal is to construct North America's second-largest cement mill.
  • CEMEX Philippines (CHP) declared in 2023 that Solid Cement Corporation and APO Cement Corporation, two of CHP's subsidiaries, had achieved a 50% decrease in carbon dioxide emissions. By 2030, the corporation wants to have reduced its carbon dioxide emissions by 67%.
  • Roanoke Cement from Titan America opened a new silo at the Winston-Salem port in 2023, increasing the storage capacity of the company.
  • CRH plc established CRH ventures in 2022 to support innovative technologies and solutions. It made a $250 million investment to form partnerships with building and climate technology firms. The goal is to increase the safe and effective use of off-site construction in order to create next-generation sustainable building products.

Global Cement Market Segmentation 

  • By Type
    - Portland
    - Blended
    - Others
  • By Application 
    - Residential
    - Commercial
    - Infrastructure
  • By Region
    - North America
    - Europe
    - Asia Pacific
    - Middle East & Africa
    - South America

Get Exclusive Discount on Cement Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1453

More Trending Report by Transparency Market Research:

Flat Roofing Market: Flat Roofing Market is expected to surpass the value US$ 52.3 Bn by 2031, expanding at a CAGR of 5.4% during the forecast period 2022-2031.
3D Printing Materials Market : 3D Printing Materials Market is expected to surpass the value of US$ 10.1 Bn by 2031, expanding at a CAGR of 20.4% during the forecast period.
Ceramic Tiles Market: Ceramic Tiles Market is expected to surpass the value of US$ 210.3 Bn by 2031, expanding at a CAGR of 8.6% during the forecast period.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

Modal title

Also from this source

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Over the last year, several companies have announced new semiconductor fabrication sites, especially in the U.S., India, and Europe. These...

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

The market was valued at US$ 6.9 billion in 2022. The Silicon Metal Market Growth is estimated to reach US$ 10.7 billion by the end of 2031,...

More Releases From This Source

Explore

Construction & Building

Construction & Building

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.