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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