Global Cement & Concrete Market Trends & 2017 Forecasts
DALLAS, Sept. 18, 2013 /PRNewswire-iReach/ -- Global Concrete and Cement Market – Key Trends and Opportunities to 2017 research report says worldwide market value for concrete and cement industry was US$449.4 billion in 2012. The Asia-Pacific region was the largest regional market and accounted for 58.1% of the global market. The Asia-Pacific concrete and cement market valued US$261.1 billion in 2012, recording a CAGR of 14.78% during the review period, outperforming all other regional markets. China constituted the largest share of the regional market, with a 71.4% share in 2012. With a value of US$193.9 billion and a 43.2% market share in 2012, Portland cement was the largest category in the global concrete and cement market. Ready-mix concrete was the second-largest category in 2012.
In terms of growth, this report ( http://www.reportsnreports.com/reports/268287-global-concrete-and-cement-market-key-trends-and-opportunities-to-2017.html ) forecasts refractory cements, mortars and concretes to be the fastest-growing category in the global concrete and cement market over the forecast period, with a CAGR of 9.62%. A sharp decline in the demand for Chinese products means that net exports have ceased to be the driving force behind the Chinese economy. Furthermore, debt and investment-fueled economic growth has accelerated the Chinese total debt-to-GDP ratio; development that will force the Chinese to reduce spending on infrastructure and manufacturing capacity. The Indian construction industry is also experiencing subdued growth, with developers in the commercial and residential property space likely to struggle due to difficulties in land acquisition and securing environment clearances. However, the general outlook for construction activity in China and India over the forecast period is positive. Construction activity will be driven by demand side factors such as growth in nuclear families, urbanization, an increase in disposable income and the urgent need to support investment in physical infrastructure. Order a copy of the report Global Concrete and Cement Market – Key Trends and Opportunities to 2017 at http://www.reportsnreports.com/Purchase.aspx?name=268287 .
The European economies are struggling to find a balance between austerity and economic growth. While the region is expected to remain under stress for the rest of 2013, domestic investment and demand are expected to improve in 2014, strengthening GDP growth. Russia, which is Europe's second-largest construction market after France, is expected to be the main source of future growth in the region. Activity in the US is slowly regaining pace due to a surge in private residential construction, especially multi-family housing. However, recovery is expected to be gradual due to anticipated spending cuts to be imposed by the government from 2013.
This report provides a comprehensive analysis of the concrete and cement market globally:
- Historical (2008-2012) and forecast (2013-2017) valuations of the construction aggregates market in Asia-Pacific, Middle East, Europe, North America and Latin America.
- Values for the Portland cement, Ready-mixed concrete, Prefabricated structural components, Cement clinker, Factory-made mortars, Other hydraulic cements, Refractory cements, mortars and concretes categories
- Breakdown of values at the country level (44 countries)
- Analysis on key events and factors driving the construction concrete and cement market globally
Companies profiled in this report include Lafarge SA, Cemex, S.A.B. de C.V., China National Materials Co., Ltd, Holcim Ltd and HeidelbergCement AG. Providing 246 data tables and 114 figures, the complete report Global Concrete and Cement Market – Key Trends and Opportunities to 2017, with comprehensive table of contents and more is available at http://www.reportsnreports.com/reports/268287-global-concrete-and-cement-market-key-trends-and-opportunities-to-2017.html .
Explore more reports on the cement market at http://www.reportsnreports.com/tags/cement-market-research.html .
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