As per the latest research report titled ‘Global Cement Market (2021 Edition) - Analysis by Product Type (Ordinary Portland, Blended, Others), End User (Residential, Non-Residential), By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global cement market with a valuation of USD 422.15 Bn in 2020 is anticipated to gain significant growth through 2026.

Industry moguls are of the opinion that mounting government investments towards infrastructural development, and increasing focus on eco-friendly building materials are the factors that positively influence the growth dynamics of global cement market.

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Ongoing renovation activities and population boom in emerging economies also significantly contribute to the upward trend in the market during the analysis period.

However, the onset of the Covid-19 pandemic is a major challenge that has severely disrupted market operations in recent years as production activities are experiencing a slump due to lockdown mandates across the globe. Various establishments are witnessing a shortage in demand and supply, which has resulted in huge financial losses for the cement industry.

Moving on, the marketplace is bifurcated in terms of product type, end user, and region. Each sub-market is thoroughly analyzed with parameters like market size, growth rate, and future estimations for stakeholders to make informed decisions and reap maximum profits.

From a regional frame of reference, Asia Pacific industry is expected to gain substantial traction over the study period, due to rising population, and burgeoning focus on improved infrastructure in emerging economies such as India and China.

The competitive framework of worldwide cement market is defined by major players like Ultratech Cement Ltd., Cemex SAB de C.V., LafargeHolcim Group, The Taiwan Cement Corporation, CRH plc, China National Building Material Group Co. Ltd, Heidelberg Cement AG, China Resources Cement Holdings Ltd., Anhui Conch Cement Co. Ltd., and Votorantim Cimentos.