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Over the years the population is growing throughout the world, as it is rising the commercial building as well as the need for place to live is also increasing. The cement manufacturing industry coupled with the construction market and both are rising. There are many investments done by the government to raise the construction market which will led to GDP growth.
Market Scope and Structure Analysis
Cement is mainly used or binding materials for construction purpose. there are many materials like shale, clay, slate, chalk, silica sand, iron ore and blast furnace slag, are heated at high temperatures to form a rock-like substance that is grounded into fine powder to form cement.
Cement can be bifurcated into two kinds: hydraulic and non-hydraulic. Hydraulic cement sets due to the chemical reaction between water and the dry ingredients where as non-hydraulic cement offers optimal resistance against chemicals by reacting with the carbon dioxide in the environment.
COVID-19 Impact analysis
Top Impacting Factors
The market for cement manufacturing is significantly driven by the construction activities going throughout the world. As there is rapid expansion in the population size the need for residential and commercial space is also rising and thus the construction market is also rising.
For instance, prominent infrastructural projects, such as the construction of Al Maktoum International Airport in Dubai and the South-North Water Transfer Project in China, are expected to significantly bolster the cement manufacturing and sales part.
The most important restraint for the market growth is COVID-19, as because of pandemic the processing units are getting closed, workforce are not allowed to gather, thus the sales of cement has been reduced. In recent days the situation is getting better and the market has growing again.
Market Trends
Key Benefits of the Report
Cement Manufacturing Market Report Highlights
Aspects | Details |
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By Product Type |
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By Application Type |
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By Region |
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Key Market Players | China Resources Cement., China National Building Materials (CNBM), Jidong Development Group Co., Ltd., Cemex, Lafarge Holcim Ltd,, Italcementi, Heidelberg Cement AG, NBM International Corporation, Anhui Conch Cement Co., Ltd. |
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