Global Cement Industry Outlook 2016-2020
Cement is the most vital binding component in any construction activity and when utilized as a part of the mix with materials like bricks or stones. Cement is a grey-colored inorganic substance with extreme pressure driven binding properties. It is generally used in the production of concrete. Together with mortar, cement functions as the essential building blocks of construction.
Technavio’s analysts forecast the global cement industry to grow at a CAGR of 9.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cement industry for 2016-2020. The report provides a classification of the leading vendors based on operating plants and production volumes of cement.
The market is divided into the following segments based on end-user:
Technavio Announces the Publication of its Research Report – Global Cement Industry Outlook 2016-2020
Technavio recognizes the following companies as the key players in the Global Cement Industry: LafargeHolcim, CNBM, Anhui Conch Cement, Heidelberg Cement, Cemex, Italcementi and Taiwan Cement
Other Prominent Vendors in the market are: China Resources Cement Holdings, UltraTech Cement, Taiheiyo Cement, China Tianrui Group Cement, Dalmia Bharat, Lucky Cement, Colacem, Buzzi Unicem, CIMPOR, and Ube Industries.
Commenting on the report, an analyst from Technavio’s team said: “The use of alternative fuels in cement kilns not only mitigates carbon dioxide emissions during the cement production process, but offers other advantages as well. Waste is usually combusted in a devoted incinerator, with energy recovery, and the power generated is encouraged into the national electricity grid system. The cement kiln operates with coal. Waste is exchanged to the cement kiln, replacing a quantity of coal in proportion to its calorific value.”
According to the report, expanding urbanization, growth in population, and increase in nuclear families are likely to act as driving factors in the global cement market in emerging economies.
Further, the report states that increase in construction costs restricts the market growth.
LafargeHolcim, CNBM, Anhui Conch Cement, Heidelberg Cement, Cemex, Italcementi, Taiwan Cement, China Resources Cement Holdings, UltraTech Cement, Taiheiyo Cement, China Tianrui Group Cement, Dalmia Bharat, Lucky Cement, Colacem, Buzzi Unicem, CIMPOR, Ube Industries.
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