A recent
report published by Infinium Global Research on masonry cement market provides
in-depth analysis of segments and sub-segments in the global as well as
regional masonry cement market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional masonry
cement market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the global
masonry cement market. According to the report, the global masonry cement
market is projected to grow at a CAGR of about 5% over the forecast period of
2022-2028.
The revenue
generated by the market was over 340 billion in 2022 and is expected to reach
nearly USD 460 billion in 2028 and is expected to grow with a CAGR of about 5%
over the forecast period 2022-2028. Masonry cement is a binder used in
construction that sets, hardens, and adheres to other materials, binding them
together. It is categorized into various grades such as type N, type S, and
others depending on its binding strength. This cement is mixed with white
Portland cement and finely ground white limestone, combined with process
additions, to enhance its water retention, workability, and durability. It is
used for installing bricks, blocks, stone masonry construction, and other
structural masonry walls. The addition of colored sand or pigments in masonry
cement produces a wide range of color schemes.
The spread
of the COVID-19 pandemic has negatively impacted the market, owing to
government regulation that restricted the movement of both people and goods.
The pandemic has severely impacted the production and operations of various
countries. For instance, China's cement output was 769 million tons from
January to May 2020, down 8.2% year on year, according to the Ministry of
Industry and Information Technology of China. In addition, the shutdown of
manufacturing plants in the U.S. and Germany has also affected their
operations. However, governments of various countries are enacting supportive
regulations and attempting to re-establish their economies. As a result, the
demand is expected to stabilize over the next few years.
The rising
population will effectively influence the market growth on account of the
increasing need for residential spaces, such as apartments and private
bungalows. Furthermore, the growing demand for amenities in residential spaces
is expected to accelerate the market size. Moreover, the rising need for
non-residential establishments, such as malls, airports, industries, roads, and
office buildings, is also expected to support the market growth. Career
opportunities and better quality of life have created a need for urbanization.
Government initiatives to support construction & infrastructural activities
in developing countries will further increase the demand. Moreover, the rising
demand for precast products, such as blocks, panels, roof tiles, and others
will increase product consumption globally. Currently, China is the dominant
producer and consumer across the world. Hence, the growth in the construction
activities in this country will boost the market size.
The Asia
Pacific accounted for the highest share in 2022 and is expected to remain
dominant throughout the forecast period. This is attributable to the increased
demand for the product from developing nations, such as China and India, and
Southeast Asian countries. Growth in the construction & infrastructure
activities is a key driver for this market in this region. China is the major
country contributing to the market growth in the region as it is the dominant
producer and consumer in the world. The dominance of the country is attributed
to factors including the rapid growth in population and infrastructure
development activities in the region. Furthermore, the propelling demand for
residential spaces in the country will support the market growth in China. The
Middle East & Africa is projected to witness substantial growth. This
growth is associated with the increasing demand for the product from the rising
infrastructural activities in the region.
The report
on global masonry cement market covers segments such as type, and application.
On the basis of type, the sub-markets include type N, type S, and others. On
the basis of application, the sub-markets include residential construction,
non-residential construction, and industrial construction.
The report
provides profiles of the companies in the market such as Cementir Holding,
LafargeHolcim, Federal White Cement, Royal White Cement, Sesco Cement Corp.,
Titan America, Lehigh White Cement Company, Aalborg White, CEMEX USA, and
Sakrete.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of masonry cement market. Moreover, the study
highlights current market trends and provides forecast from 2022-2028. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.