According to the recent 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 MarketStudyReport, global cement market valued USD 422.15 billion in 2020 and is expected to garner significant growth through 2026.

Rising population, increasing demand for eco-friendly green cement, and growing investments in the infrastructural developments are majorly driving the global cement market growth.

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The COVID-19 outbreak has impacted the world economy in a variety of ways, with the global cement industry witnessing an unpredictable impact across different locations. It has disrupted the supply chain and has had an adverse impact on the building materials industry's consumption and production operations.

The global demand for cement has been dramatically lowered as a result of the tight restrictions, since construction activity has stalled. Furthermore, the disruption in cement demand and supply has resulted in significant financial losses for the sector, as well as job losses and wage cuts, which in turn is a major bottleneck for the overall market growth.

In addition, the ethical use of waste as an energy source to heat cement ovens reduces the industry's fossil fuel usage, thereby contributing toward global cement market remuneration. Due to an increase in infrastructure and renovation operations, this business space will benefit from the rising demand for green cement for an environmentally friendly environment.

This marketplace is differentiated on the basis of type, end-user spectrum, and regional landscape. By type, global cement industry is divided into blended type, ordinary Portland, and other types. In terms of end-user segment, the market is bifurcated into non-residential and residential cement areas.

The geographical arena of the global cement business sphere spans across Europe, the Middle East & Africa, Asia Pacific, North America, and Latin America. Asia Pacific is expected to be a key revenue generator for the market participants during the study analysis owing to mounting infrastructural development in India and China.

The leading companies formulating the global cement business sphere are China National Building Material Co. Ltd, LafargeHolcim, Anhui Conch Cement Co. Ltd, Heidelberg, China Resource Cement, UltraTech Cement, CEMEX, CRH, Votorantim Cimentos, and Taiwan Cement Corporation.