Blended Cement Market to Reach $462.1 Billion, Globally, by 2031 at 4.2% CAGR: Allied Market Research

News provided by

Mar 09, 2023, 06:28 ET

Rise in population, surge in urbanization, increase in the disposable income of people, and a wide range of advantages offered by blended cement drive the growth of the global blended cement market.

PORTLAND, Ore., March 9, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Blended Cement Market by Type (Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC), Composite cement, Other), by Application (Precast construction, Cast-in-place construction), by End user industry (Building Construction, Infrastructure): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global blended cement industry generated $301.2 billion in 2021, and is anticipated to generate $462.1 billion by 2031, witnessing a CAGR of 4.2% from 2022 to 2031.

Download Free Sample Report @
https://www.alliedmarketresearch.com/request-sample/13515

Prime determinants of growth

Rise in population, surge in urbanization, increase in the disposable income of people, and a wide range of advantages offered by blended cement drive the growth of the global blended cement market. However, the availability of alternate materials and heavy price fluctuations of raw materials such as limestone restrict the market growth. Moreover, expanding construction projects and infrastructure developments present new opportunities in the coming years.

Covid-19 Scenario

The outbreak of the Covid-19 pandemic had a negative impact on the global blended cement market, owing to implementation of the global lockdown which decreased the demand for blended cement.
The COVID-19 pandemic had shut down the production of blended cement and reduced the demand from various industries.
However, the market has already recovered in the post-pandemic.

The Portland Pozzolana Cement (PPC) segment to maintain its leadership status throughout the forecast period

Based on type, the Portland Pozzolana Cement (PPC) segment held the highest market share in 2021, accounting for more than two-fifths of the global blended cement market, and is estimated to maintain its leadership status throughout the forecast period. This cement is an affordable choice and highly resistant to alkaline reactions and marine corrosion. However, the composite cement segment is projected to manifest the highest CAGR of 4.7% from 2022 to 2031. Composite cement is a newly developed material that uses two or more types of natural Pozzalon-based materials, such as fly ash and granulated blast furnace slag, to create high-strength concrete using cement as a binder to increase the strength and durability of concrete.

Buy This Research Report (195 Pages PDF with Insights, Charts, Tables, Figures):
https://www.alliedmarketresearch.com/checkout-final/de0a15e2ab7f27d47162ff4eb8ea9b13

The building construction segment to maintain its lead position during the forecast period

Based on end user industry, the building construction segment accounted for the largest share in 2021, contributing to nearly three-fourths of the global blended cement market, and is projected to maintain its lead position during the forecast period, owing to growth in population and rapid urbanization, particularly in emerging economies has have helped the construction industry to witness growth in recent years. The new construction projects are expected to increase the demand for blended cement, owing to their strength, environment friendly, and cost-effectiveness. Furthermore, an increase in government investments in housing projects is projected to lead to increase in demand for blended cement during the forecast period. However, the infrastructure segment is expected to portray the largest CAGR of 4.5% from 2022 to 2031.

The cast-in place construction segment to maintain its lead position during the forecast period

Based on application, the cast-in place construction segment accounted for the largest share in 2021, contributing to nearly three-fourths of the global blended cement market, and is projected to maintain its lead position during the forecast period. Blended cement is used for the cast-in place construction owing to its various features such as superior performance advantages, improved workability, durability, strength and better construction. It is also weather resistant, enhances efficiency and reduces the amount of energy used, and generates lesser pollutants and carbon emissions. However, the precast construction segment is expected to portray the largest CAGR of 4.5% from 2022 to 2031. The surge in investment in the building and construction industry due to various government sponsored public housing programs has recently boosted the demand for precast construction.

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than three-fifths of the global blended cement market, and is likely to dominate the market during the forecast period. Asia-Pacific includes majority of developing countries, such as India, Vietnam, and Indonesia, which exhibit lucrative opportunities for the blended cement market. Moreover, growth in infrastructure development in emerging countries, such as India and China, is anticipated to cater to the growth of the blended cement market. However, the LAMEA region is expected to witness the fastest CAGR of 5.1% from 2022 to 2031, owing to the growing construction industry in different LAMEA regions.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/13515

Leading Market Players: -

Ambuja Cements Ltd,
CEMEX S.A.B DE C.V.,
Holcim,
HeidelbergCement AG,
UltraTech Cement Limited,
Anhui Conch Cement Company Limited,
Buzzi Unicem SpA,
China National Building Material Company Limited,
Dalmia Bharat Limited,
CRH plc

Trending Reports in Blended Cement Industry (Book Now with 10% Discount):

Global concrete plasticizer and super plasticizer market is projected to reach $10.4 billion by 2031

Global cement mixer market is projected to reach $24.3 billion by 2031.

Global cementitious flooring market is projected to reach $2 billion by 2031.

The concrete market is expected to reach $972,046.3 million by 2030.

Global ready-mix concrete market is projected to reach $704.2 billion by 2030.

Masonry White Cement Market - Global Opportunity Analysis and Industry Forecast, 2023-2030

Concrete and Cement Market - Global Opportunity Analysis and Industry Forecast, 2023-2030

Cement Manufacturing Market - Global Opportunity Analysis and Industry Forecast, 2021-2030

Cement Grinding Aids Market - Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing