Portland Cement Market Size, Share & Trends Report

Portland Cement Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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  • Report ID: GVR2162
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The global portland cement market is expected to grow significantly owing to the increasing demand from the infrastructure and construction sector. Portland cement is manufactured by combining various elements including calcium, silicon, iron, aluminum, and other ingredients. Portland cement is of two type’s namely ordinary portland cement (OPC) and white portland cement. Portland cement can be classified into various types including Type 1, 2, 3, 4, 5, 1A, 2A, and 3A based on the different properties they exhibit including high durability and strength. Increasing demand in making concrete, stucco, mortar, and grout is expected to contribute to the demand over the next seven years. Moreover, low cost and easy availability of the materials required for manufacturing portland cement including limestone, naturally occurring materials, and shale is expected to spur the market growth. However, severe exposure to portland cement can cause various health disorders including chemical burns and lung cancer. Moreover, the mining, manufacturing, and transport of cement require a large amount of energy causing air pollution which is expected to restrain the portland cement industry growth over the forecast period.

Portland cement finds use in various applications including construction, infrastructure, cement bricks, plasters, and screeds. Rapid development in the construction sector is expected to be the key driver for market growth over the upcoming period. Concrete is one of the main components for the construction industry and its increasing demand for construction of various structural elements including beams, panels, and road furniture is expected to augment the portland cement market growth. Moreover, increasing demand from the infrastructure sector is anticipated to contribute substantially towards market growth owing to the rising construction of roads, dams, and foundations. Furthermore, rapid urbanization in various countries including India, China, Brazil, and South Africa coupled with high investment in infrastructure in MEA is expected to spur the demand over the forecast period. In addition, the increasing demand for making mortars and grouts used in the manufacture of plasters, screeds, foundations, and road-beds is predicted to augment market growth. Growing urbanization and industrialization is expected to further contribute towards portland cement industry demand owing to the increased building of commercial and residential structures.

Asia Pacific is expected to contribute significantly towards portland cement market growth over the forecast period owing to the rising demand from the construction and infrastructure sector on account of rapid urbanization, globalization, and industrialization particularly in China, India, and Japan. In 2013, construction spending in Asia Pacific accounted for about 44%of total global construction spending, an increase of four percent from the previous year. In addition, upcoming airport construction projects by CAPA in Asia Pacific are further expected to drive market growth. In addition, the development of new construction and building projects is likely to boost market growth over the next seven years. MEA is anticipated to offer an ocean of opportunity to the portland cement market owing to the high investments in the infrastructure sector particularly in countries including Saudi Arabia, UAE, and Qatar. The demand for portland cement is expected to rise in Europe owing to the increasing demand for blended cements in this region. Moreover, European cement manufacturers dominate the global market for cement manufacturing which is expected to continue over the forecast period. Growing economies including Austria, Spain, Hungary, and Italy are expected to contribute towards rising demand for portland cement owing to urbanization. Latin America is expected to show moderate growth owing to slow growth in the construction and infrastructure industries in this region.

Global key players in the portland cement market include Mitsubishi Cement Corporation, Alamo Cement Company, Lafarge SA, Martin Marietta Materials, Inc., Heidelberg Cement, National Cement Company of California, American Cement Company, LLC, Holcim, Argos USA Corporation, ESSROC Cement Corporation, CNBM, Salt River Materials Group, Italcementi, Anhui Conch, Ash Grove Cement Company, Tanzania Portland Cement Company, QUIKRETE, CalPortland Company, Capitol Aggregates, Ltd., CEMEX USA, Continental Cement Company, Inc., Drake Cement LLC, Federal White Cement, Ltd., GCC of America, Inc., Inc. Lehigh Hanson, Inc., Lehigh Hanson Materials Limited, National Cement Company of Alabama, Inc., UltraTech Cement Ltd., and Buzzi Unicem USA, Inc. QUIKRETE Portland cement conforms to current federal specifications and ASTM C150 for portland cement and can be blended with aggregate to make concrete mix, base coat stucco, and mortar mix. The company offers Type I, Type II, and Type III cements used in construction and infrastructure industries.

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