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Global Cement Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Cement Market value is expected to reach $560.1 billion growing at a CAGR of 8.0% during 2022-2028.Buildings are constructed with cement, a grinded mineral powder that is grey in colour. Cement serves as a binder material. It is created by grinding a mixture of marl, clay, and limestone, which is then combined with water to form a dense mass. It is widely utilised for the mass building of homes, civil works, and industrial estates and has outstanding durability and strength. The demand for residential construction has grown along with the population. As a result, cement demand has increased all over the world. Consumption of goods has been made possible by the rising demand for public infrastructure and non-residential structures, such as hospitals and healthcare facilities.
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Over the forecast period, the Middle East and Africa are anticipated to experience the highest growth, as this growth is attributed to the product's rising demand as a result of the region's expanding infrastructure-related activity. Another aspect influencing the Middle East and Africa market is its application in mining and oil exploration activities. Moreover, massive investments in the infrastructure sectors of numerous countries in the region are the major influencers of the expansion of the construction sector in MEA. However, the expansion of the regional market is projected to be aided by the increasing construction of rail networks connecting large cities and intra-regional train links.
Some of the key players in Cement market include ACC Limited, Adani Group, Aditya Birla Management Corporation Pvt. Ltd, Ambuja Cements Ltd, Anhui Conch Cement Company Limited, Argos USA Corporation, Votorantim Cimentos, BBMG Corporation, Birla Cement, Buzzi Unicem S.p.A., Cement Corporation Of India Limited, Caterpillar Power Plants, CEMEX S.A.B. De C.V., China National Building Material Group Corporation, CNBM International Corporation, CRH plc, Dalmia Bharat Ltd, Drake Cement LLC, Grasim Industries Limited, HeidelbergCement, India Cements Ltd, InterCement, JK Lakshmi Cement Ltd, LafargeHolcim, Mitsubishi Cement Corporation, Wonderful Sky Financial Group Limited, Orient Cement Ltd, Parasakti Cement Industries Limited, Raymond Cement Industries, Shree Cement, Taiheiyo Cement Corporation, Tangshan Jidong Cement Co.,Ltd, The Ramco Cements Limited, The Siam Cement Group, and Titan Cement Company S.A.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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