Cement Market Segmentation:
Type Segment Analysis
Blended segment is estimated to hold cement market share of over 54.9% by the end of 2035. A combination of conventional cement with supplementary materials like fly ash and slag reduces CO2 emission and is also stronger. In May 2024, Cemex partnered with the Mission Possible Partnership to decarbonize its Balcones cement plant, further highlighting how the industry is moving in the direction of sustainable materials. Blended cement's growing adoption is a reflection of its ability to meet regulatory requirements while offering improved durability and cost efficiency-all cornerstones of sustainable construction practices.
Application Segment Analysis
In cement market, residential segment is projected to dominate revenue share of over 55.7% by 2035 due to rapid urbanization and increasing demand for homes in many parts of the world. As cities are expanding, this means that the demand for cement, among other multi-durable but affordable building materials, is high, especially in developing economies. In June 2023, PT Semen Baturaja, a subsidiary of SIG, announced a production increase in Indonesia to supply the growing demand for residential infrastructure. This growth of the segment is further supported by government-backed affordable housing initiatives that continue to define the course of the cement industry.
Our in-depth analysis of the global cement market includes the following segments:
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