Cement Market Share

APAC Market Statistics

The Asia Pacific cement market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, owing to the growth of the construction industry in this region. Leading the industry in the region are nations such as China, India, and Japan, which are some of the biggest cement manufacturers and users worldwide. Accounting for more than half of the world's cement production and consumption, China is both the biggest market in the region and the entire world today. India is another sizable market, with a burgeoning construction sector owing to the growing population and housing needs. Furthermore, increasing the production of cement and growing demand for smart home from developing nations such as China and India is driving the regional industry. In these economies, growing income levels, expanding populations, and quick urbanization are expected to encourage the development of new homes. Cement production in India grew by approximately 3% in July 2022 compared to July 2021. From April to July 2022–2023, compared to the same time the previous year, its cumulative index rose by about 12%.