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Follow on Google News | Portland Cement Market: Use of Alternative Fuel for Cement Production to Emerge as TrendPortland Cement Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020
According to the report, the global demand for Portland cement stood at 4,025.9 mn tons in 2015 and is estimated to reach 5,165.1 mn tons by 2020. On the basis of application, the residential segment led in the past and will continue to do so even in the future. High demand from emerging economies is expected to drive the residential segment and it is thus likely to account for 46.3% of the market by 2020. By geography, the Portland cement market is likely to continue being led by Asia Pacific which not only accounted for the highest shares in 2015 but will also account for a whopping 68.1% of the total market by 2020. The growing infrastructure investments in this region and urbanization in countries such as China and India are driving the region towards high growth in the Portland cement market. Get Free PDF Research Brochure for more Professional and Technical Insights: http://www.transparencymarketresearch.com/ High Demand from Asia Pacific, MENA, and BRIC Countries to Ensure Continued Growth of Market The growing population in countries in the Asia Pacific region have thrusted the demand for Portland cement for residential spaces. Also, the growing influx of people are making it necessary to have basic infrastructure such as roads, bridges, electricity, water, sewage, and telecommunications to be upgraded or built new. "Moreover, the rise in urbanization and growing economic activities have propelled the demand for commercial spaces, driving the market," says a TMR analyst. The demand for Portland cement is also expected to increase from Brazil and Russia as these countries host international events such as the upcoming FIFA World Cup in Russia in 2018. Such huge events need world class infrastructure development in the form of stadiums and other amenities and this is expected to create a demand for Portland cement from the country. Construction activities have also increased in the MENA region and this will boost the Portland cement industry. High demand for Portland cement is expected from the UAE, Qatar, and Saudi Arabia, as these countries are undertaking significant infrastructure projects. Stringent Government and Environmental Regulations to Hinder Market Stringent government regulations regarding carbon emissions is expected to act as a hindrance for the Portland cement industry. The U.S. Portland cement industry faces seven EPA regulatory standards and these will impede the growth of the market. However, companies are expected to use alternative fuel for cement production to control energy consumption and this will act as a growth opportunity in the market. Heidelberg Cement, U.S, Lafarge U.K, ACC Cement are a few companies opting for alternative fuels to conserve energy. Browse Market Research Report with ToC & Free Analysis : http://www.transparencymarketresearch.com/ This information is based on the findings of a report published by Transparency Market Research titled "Portland Cement Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." End
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