The Global Blended Cement Market is projected to grow at a CAGR of around 3.8% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Blended Cement Market
Global Blended Cement Market Driver: Surging Construction & Infrastructure in Developing Countries to Drive Market Growth
The increasing population in countries such as India and China has led to a shortage of housing in major cities. This results in instigating the construction industry in these countries, driving the growth of the Global Blended Cement Market. Due to the properties of blended cement, such as durability, strength, and chemical resistance, the commercial sectors, residential & building blocks utilize blended cement. The worldwide population is anticipated to increase in the future with growing urbanization that triggers the demand for infrastructure support such as roads, dams, tunnels, highways, subways, and commercial infrastructure.
Moreover, the governments of many countries focus on infrastructure expansions to enhance their economic growth. These factors would aid in increasing construction activity, thus instigating the Blended Cement Market. Furthermore, the demand for blended cement is growing with boosting developments of constructions & infrastructures, and it is estimated that infrastructure & construction would increase in the estimated years.
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Scope of the Report and Blended Cement Market Segmentation
By Material
-Silica Fume
-Fly Ash
-Slag
-Limestone
· Slag as a blending material is projected to acquire a significant share of the Global Blended Cement Market during 2024-30.
By Application
-Residential
-Non-Residential
Top leading companies in the Blended Cement Market includes:
ACC Limited, Anhui Conch Cement, CEMEX S.A.B. de C.V., Dalmia Bharat Group, Holcim Group, Heidelberg Cement, JSW Cement, Taiheiyo Cement Corporation, The Siam Cement Group, and UltraTech Cement Limited
Blended Cement Market Development
· 2023: ACC Limited launched a user-friendly and pre-blended concrete solution ‘Bagcrete’, which is a high-quality raw material of propositional blend.
For more detailed information about the Blended Cement market report, click here – https://www.marknteladvisors.com/research-library/blended-cement-market.html
Geographical analysis:
North America: The US, Canada, Mexico
South America: Brazil, Argentina
Europe: The UK, Italy, Germany, France, and Others
Middle East & Africa: Saudi Arabia, South Africa
Asia-Pacific: China, India, Japan, South Korea, Others
· Asia-Pacific is the largest Blended Cement Market, with China, the world's largest cement producer, as the leading country in the regional market.
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