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Cement is a grey-colored, fine-powdered compound that is mainly used for binding materials for different construction purposes. It is characterized by its signature grey color and primarily consists of clay, slate, chalk, silica sand, iron ore, limestone and blast furnace slag. It is manufactured by heating a mixture of these materials compiled in a rotary kiln at high temperatures to form a rock-like substance and then grinding it into a fine powdered form. According to IMARC Group, the global cement market reached a value of US$ 344.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 488.4 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027.
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The top cement manufacturing companies are increasingly finding success by marketing the products for the extensive construction activities. This can be attributed to the rapid expansion in the population rates that is increasing the number of residential buildings. Some of the other factors creating lucrative growth opportunities for the market players include the augmenting demand for precast products, including blocks, panels, and roof tiles, the rising adoption of green cement and large investments in various research and development (R&D) activities.
Some of the top Cement Manufacturing Companies in World 2022 being:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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