Global Cement and Aggregate Market by Products, Industry Types, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 –2026
The global cement and aggregate market is, expected to expand at a considerable CAGR during the forecast period 2020–2026. The major factors behind the growth of the market are rising demand from various industries such as construction, chemical, and real estates to name a few. Other reasons for its growth during the forecast period are its usage such as usage in mortar for masonry work, usage in concrete for floor laying, used in constructions of stairs, lintels, pillars, and used for the construction of lamp posts, wells, roads, and telephone cabins to name a few.
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Primarily, cements are mineral powders which are obtained with the help of precise processes. Aggregates are typically sand, stones, or gravels which are mixed with water and cement to form concrete. These are basically inert granular materials. If one needs to have a fine concrete mix, then one has to ensure that aggregates are hard, clean, and free from absorbed chemicals. These basically make up almost 70% of the concrete. They are also bifurcated into two types. These are coarse aggregates, and fine aggregates. Fine aggregates comprise crushed stone, or sand, whereas, coarse aggregates are fine particles which ranges from 0.19 to 1.5 inches in diameter.
Market Trends, Drivers, Restraints, and Opportunities:
- Surge in demand from various industries such as construction, chemical, and real estates is expected to be a driving factor for the growth of the cement and aggregate market.
- Rise in development activities in emerging economies such as India, and China is expected to be a major reason for the growth of this market.
- The increase in purchasing power of the people in regions such as North America, and Asia Pacific is expected to be a driving factor for the growth of this market.
- The initiatives taken by governments in Asia Pacific region especially in India to build toilets across the country, is a reason for the growth of this market.
- The various usage of cements and aggregates such as usage in mortar for masonry work, usage in concrete for floor laying, used in constructions of stairs, lintels, pillars, and used for the construction of lamp posts, wells, roads, and telephone cabins are the reasons behind its growth in the market.
- The slowdown in the economic growth around the world, is anticipated to be an obstacle in the growth of this market.
- In third world countries development activities are not going at a rapid pace, which is anticipated to be a hindrance in the growth of this market.
Competitive Landscape:
The companies which operate in the global cement and aggregate market, are quite a few in number. Some of them are
- China Resources
- Tianrui Group Cement
- Cement Holdings
- Huaxin Cement
- Hongshi Group
- Taiwan Cement
- Asia Cement
- BBMG
- CNBM
- Tangshan Jidong Cement
The market leaders are looking for various strategies such as partnerships, acquisitions, mergers, and product development to continue their market dominance.
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The Global Cement And Aggregate Market has been segmented on the basis of
Products:
- Cement
- Aggregate
Industry Types:
- Infrastructure Use
- Residential Use
- Industrial Use
- Commercial Use
Regions:
- Europe
- North America
- Middle East and Africa
- Latin America
- Asia Pacific
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Cement and Aggregate Market Overview
- Global Cement and Aggregate Market Analysis and Forecast by Type
- Global Cement and Aggregate Market Analysis and Forecast by Application
- Global Cement and Aggregate Market Analysis and Forecast by Sales Channel
- Global Cement and Aggregate Market Analysis and Forecast by Region
- North America Cement and Aggregate Market Analysis and Forecast
- Latin America Cement and Aggregate Market Analysis and Forecast
- Europe Cement and Aggregate Market Analysis and Forecast
- Asia Pacific Cement and Aggregate Market Analysis and Forecast
- Middle East & Africa Cement and Aggregate Market Analysis and Forecast
- Competition Landscape
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