Cement Market Size, Share, Growth Analysis, By Type(Portland, Blended, Others), By Application(Residential, Non-Residential), By Region - Industry Forecast 2024-2031

Cement Market Driver

• Surging Construction Activities is Bolstering the Global Cement Market Growth: This is because of the increased need for residential spaces such as apartments and private bungalows, and the increasing population. Furthermore, the industry is predicted to rise faster as the demand for amenities in residential areas grows. In addition, the growing need for non-residential enterprises such as malls, airports, industries, roadways, and office buildings is predicted to fuel Cement Market expansion. The necessity for urbanization has arisen as a result of increased job opportunities and improved quality of life. Government measures to encourage construction and infrastructure development in developing countries will drive up demand even more. Moreover, the growing demand for precast items such as blocks, panels, and roof tiles will give a boost to global product consumption.

Cement Market Restraint

• Government Regulations Concerning Carbon Emissions will Limit Growth of Global Cement Industry: Limestone, chalk, shells, shale, clay, and silica sand are some of the raw materials utilized in the manufacturing process. Its manufacture has a number of negative consequences for the environment and human health. Inhaling dust particles can irritate the nose and throat, making it harder to breathe. Furthermore, the production of this commodity results in a significant amount of pollution. The cement industry, according to the US Environmental Protection Agency, is the third-largest industrial polluter, emitting more than 500 kilotons of nitrogen oxide, sulfur dioxide, and carbon monoxide per year. As a result of these problems, governments place numerous environmental rules on the manufacturing process. As a result, market growth is expected to be limited by this factor.