The portland cement market demand in 2013 was worth 3,670.8 million tons and is expected to reach 5,165.1 million tons by 2020, growing at a CAGR of 5.1% between 2014 and 2020.
In recent times, rapid urbanisation and infrastructural development in China, Brazil, India, South Africa, and Russia have significantly contributed to the global portland cement market.
Further, the Olympic Games in 2016 and the FIFA World Cup in 2018, hosted by Brazil and Russia, respectively, will require massive infrastructural development.
The Russian government has allocated almost US$16bn for developing essential infrastructure for the FIFA World Cup in 2018. However, stringent regulations for the use of portland cement, which is related with environmental deterioration, may challenge this market.
In 2013, the infrastructure and residential construction applications led the market and collectively accounted for over 70% of the demand for portland cement.
The global portland cement market is divided into four geographical regions: North America, Asia Pacific, Europe, and Rest of the World (RoW).
Asia Pacific was registered as the largest market for portland cement in 2013. The region accounted for almost 65% of the total market the same year. The region is expected to emerge as the fastest growing market for portland cement in terms of both consumption and production for the forecast period.
Consequently, several producers of portland cement are engaging in establishing new capacities or making capacity additions to existing plants in this region.
North America and Europe trail Asia Pacific in terms of revenue in the global portland cement market.
The Rest of the World region also exhibits high consumption of portland cement, with the region expected to rise at a CAGR of 5.6% in terms of revenue in the period from 2014 to 2020.
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