Cement Market

Cement Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The cement market is expected to reach US$ 642.69 Billion by 2032.

The cement market is expected to grow at a CAGR of 6.6% between 2023 to 2032.

The cement market was estimated to be US$ 339.18 Billion in 2022.

Increasing construction and infrastructure development, renovation and repair activities, and government investments in infrastructure projects are the major factors driving the growth of global cement market.

The dominance of Portland Cement as the largest segment in the cement market is primarily due to its excellent binding properties, wide availability, versatility, and extensive application across various construction projects.

Asia-Pacific is the largest and fastest-growing region in the global cement market. Rapid urbanization, population growth, and industrialization drive the demand for cement in countries such as China, India, and Southeast Asian nations.

Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International, Inc., Fresenius Medical Care AG & Co. KGaA, Medtronic plc, NIPRO Corporation, NxStage Medical, Inc., and Toray Medical Co., Ltd. this are leading players in the global cement market.