Market Research Report
Portland Cement Market, By Product, By Application and Geography - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025
|Published by||AnalystView Market Insights||Product code||918898|
|Published||Content info||138 Pages
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|Portland Cement Market, By Product, By Application and Geography - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025|
|Published: October 1, 2019||Content info: 138 Pages||
Portland Cement Market, By Product (Ordinary and White Portland Cement), By Application (Construction, Cement Bricks, Infrastructure, Plasters, and Screeds) and Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025.
The Portland Cement Market was valued at USD 4.59 billion tons by 2018, growing with 4.1% CAGR during the forecast period, 2019-2025.
Portland cement also termed as hydraulic binding material, is a finely gray ground powder, consisting of limestone, portland cement clinker, gypsum, and granulated blast furnace slag. It is manufactured through grinding and burning a mixture of these products. The global Portland cement market is witnessing a considerable growth on account of its increasing demand from the infrastructure sector, especially in the residential & commercial construction sector. Increasing government investments for the development and manufacture of chemical free Portland cement is also expected to encourage various manufacturers to enter the market. Other factors such as rising demand for concrete, stucco, mortar & grout, low cost & easy availability of the materials (such as limestone, and shale) support the industry growth. On the other hand, side effects such as chemical burns & lung cancer owing to increased exposure to Portland cement above minimum level is likely to hamper the industry growth over the projected period. Further, manufacturing, mining, and transporting cement causes heavy air pollution which is expected to cause a downward trend in the global Portland cement market.
The Portland cement industry, by-product segment is broadly divided into Ordinary Portland Cement and White Portland Cement. Ordinary Portland cement is sub segmented into type I, II, III, IV, and V on the basis of their durability, rate of hydration, strength, and ability to resist attack. Type I is a general purpose cement driven by constructions of bridges, pavements, and precast units.
Increasing demand for construction structures that are resistant to sulfate ions is expected to drive the demand for type II and V. It is expected that type IV Portland cement will witness a downward trend in the market on account of reduced utilization of this cement in the construction of massive structures such as dams.
White Portland Cement segment is expected to witness considerable growth on account of increased utilization in decorative items and general construction. Growing utilization of white Portland cement in undertaking research and development activities is also expected to cause an upward trend in the industry owing to improved nuclear magnetic resonance (NMR) resolutions due to the absence of iron in the cement.
Depending upon the application, the Portland cement market is segmented into construction, cement bricks, infrastructure, plasters, and screeds. Concrete, being a main component in construction industry, is expected to drive the market on account of its increasing demand for construction of various structures such as panels and road furniture. Increasing demand from the infrastructure sector is anticipated to contribute substantially towards market growth owing to the rising construction of roads, dams and foundations.
Developed regions such as North America and Europe accounted for significant revenue share. Regulations have been implemented by the Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH) pertaining legal limit of Portland cement used in workplaces. OSHA has set a permissible exposure limit of 50mppcf over an 8-hour workday. The National Institute for Occupational Safety and Health (NIOSH) has set a total recommended exposure limit (REL) of 10 mg/m3 and respiratory exposure of 5 mg/m3 over an 8-hour workday. Such initiatives support these regional growths to a great extent.
Europe dominated the Portland cement market and it is likely that this region will witness a decent trend owing to increasing demand for blended cement. Germany's Heidelberg Cement successfully merged with three companies of the Carpet Group so as to gain a competitive edge in the market. Carpat Cement, Carpat Beton and Carpat Agregate merged to form Heidelberg Cement so as to gain a dominant share in the overall market over the projected period.
The Asia Pacific is likely to grow with a promising growth rate owing to the rising demand from the construction and infrastructure sector. Countries such as India, China, and Japan are expected to drive the demand for Portland cement on account of globalization, industrialization, and urbanization. Additionally, an increasing number of airport construction projects monitored by the Centre for Aviation (CAPA) is also anticipated to augment market growth. Countries such as Saudi Arabia, UAE, and Qatar are expected to spur the market growth owing to increased investments in the infrastructure sector of these countries.
Latin America is expected to witness low growth owing to slow development of construction and infrastructure industries. Countries such as Russia and Brazil are also expected to drive demand for Portland cement owing to the global events such as FIFA World Cup 2018 and Olympic Games 2016 respectively.
Key industry players are Lafarge, Alamo Cement Company, Heidelberg Cement, Martin Marietta Materials, National Cement Company of California, Tanzania Portland Cement Company, Argos USA Corporation, Holcim, CNBM, Salt River Materials Group, ESSROC Cement Corporation, Anhui Conch, American Cement Company, QUIKRETE, Ash Grove Cement Company, Capitol Aggregates Limited, CalPortland Company, CEMEX USA, Drake Cement, Federal White Cement, and GCC of America, Inc.
The market size and forecast for each segment and sub-segments has been considered as below:
The scope of this report covers the market by its major segments, which include as follows: