IMARC Group, a leading market research company, has recently releases report titled “North America Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the North America cement market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the North America cement market?
The North America cement market size reached 185.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 244.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
What is Cement?
Cement represents the most commonly used binding material in the construction industry across the region. It is determined by a grey color and manufactured by grinding a combination of limestone and clay. Cement is of several kinds, including non-hydraulic, blended, hydraulic, Portland, etc. Non-hydraulic concrete reacts with carbon dioxide in the environment to set and provides optimal resistance against chemicals. On the other hand, the hydraulic adhesive hardens quickly, owing to a chemical reaction between water and dry ingredients. It is blended with water to formulate a rigid mass that acts as an adhering agent for masonry. In addition to this, cement provides noise insulation and aids in withstanding extreme changes in climatic conditions and chemical attacks. As a result, this adhesive finds widespread applications across various sectors, such as commercial, industrial, residential, infrastructure, etc.
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What are the growth prospects and trends in the North America cement industry?
The rising construction activities across the region and the escalating demand for residential spaces are among the primary factors driving the North America cement market. Besides this, the growing popularity of mega infrastructure projects is further augmenting the market growth. Moreover, the extensive utilization of thermal energy in cement manufacturing by the leading companies, on account of the increasing environmental concerns, and the continuous technological advancements in the production procedures are also catalyzing the market across North America. Apart from this, the inflating purchasing capacity of individuals and the emerging trend of industrialization are acting as significant growth-inducing factors. Furthermore, the high focus on sustainable development and the elevating requirement for green concrete, as it minimizes CO2 emissions generated during the production of buildings, are anticipated to propel the North America cement market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Key Regions Analysed
- United States
- Canada
- Mexico
Analysis for Each Country
Market by Type
- Blended
- Portland
- Others
Market by End-Use
- Residential
- Commercial
- Infrastructure
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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