Global Cement Market 2025–2030: Challenges and Opportunities
Mordor Intelligence forecasts global Cement Market having endured a 3.83% demand contraction in 2022, is now poised for recovery-projected to climb from 4.61 billion tons in 2025 to 5.96 billion tons by 2030, achieving a robust CAGR of 5.22%. Report Overview: https://www.mordorintelligence.com/industry-reports/cement-market?utm_source= blogger Recent Industry Dynamics: In 2022, the industry experienced a 3.83% drop in demand, linked to a slowdown in construction activity and reduced new floor area development across key markets. The residential sector remains the largest consumer globally, fueled by sustained urbanization and concrete housing trends, especially in emerging markets. Infrastructure development continues to be a major growth driver. For instance, India’s infrastructure pipeline-worth over USD 25 million as of May 2022 - underscores the strength of government-backed construction. The commercial construction segment is evolving rapidly, with the new fl...