Published Date : Mar 29, 2016
Portland cement market is extensively used in the construction of structures. Rise in the infrastructure development has led to the growth of the Portland cement market. According to a report published by a market intelligent company called Transparency Market Research, the global Portland cement market which totaled over 3.6 bn tons in 2013 is expected to amount to 5.2 bn tons by 2020, expanding at a CAGR of 5.1% from 2014 to 2020.
Olympic Games and FIFA World Cup Hosting to Require Infrastructure Developments
In the years 2016 the Olympic Games will be hosted in Brazil, and is expected to require excellent infrastructure facilities. Similarly, the FIFA world cup in Russia needs a world class stadium as the Russian government has allocated US$16 bn for the development of essential infrastructure for the FIFA world cup. Thus, these factors are expected to boost the demand for Portland cement in Russia and Brazil.
Asia Pacific Dominates the Global Portland Cement Market
In terms of total consumption, 60% share in the global market was held by Asia Pacific in 2013. The high consumption is attributed to nations such as India and China which are expected to require basic infrastructure facilities to be built, thus becoming the major drivers of the global Portland cement market.
Environmental Regulations to Restrict Portland Cement Market
The Portland cement market is expected to be challenged by the environmental regulations put forth by the government regarding the production of cement. This is because, cement production is a highly energy intensive process, requiring huge amount of energy for its production. Several regions across the globe are thus, likely to impose various regulations regarding the emissions from the cement industry. This is likely to dampen the growth of the market.