Portland Cement Market
REPORT DESCRIPTION
Portland cement Market ( Application - Residential , Commercial , and Infrastructure ) - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2014 – 2020
Portland cement amounts to 90 % of the total cement produced worldwide , which makes it the single most prominent cement type in the market , cement is an essential ingredient in the construction industry , and is used in myriad applications . Portland cement is the basic ingredient used in mortar , concrete , non-specialty grouts and stucco . This type of cement is produced from raw materials such as limestone , clay , and sand . The widespread availability of these raw materials renders affordability to Portland cement , making it one of the cheapest materials used for construction activities . Portland cement is characterized by attributes such as high durability , high dependability , cost-effectiveness , and versatility in a variety of construction applications . Owing to these properties , Portland cement is used for constructing buildings , bridges , tanks , reservoirs , pavements , sidewalks , culverts , masonry units , and water pipes .
In the recent past , these has been an increase in construction activity across the global in the backdrop of global economic recovery . Numerous countries have initiated infrastructure projects fueling the demand in the global Portland cement market , which is projected for a healthy CAGR of 5.1 % during the forecast period of 2014 - 2020 , reaching a valuation of US $ 332.2 bn by 2020 .
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Residential Remains Prominent Application Segment Based on application , the global Portland cement market is segmented into residential , commercial , infrastructure , and others including bricks and farm construction . Residential is the most prominent application segment of Portland cement . Most residential accommodations and buildings are constructed using Portland cement as an essential ingredient . Market demand for Portland cement for the residential segment is driven by emerging economies , especially China and India , wherein
residential construction has been growing with increasing urbanization and population .
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