Growing Economies in the Asia-Pacific Are Expected to Support the Expansion of the Concrete and Cement Markets, and Increase the Demand for Building Materials, Says the New Report on ASDReports

Wednesday 15 October 2014, Amsterdam

The Global Concrete and Cement Market – Key Trends and Opportunities to 2018 is a new report now available on ASDReports, that provides detailed market analysis, information, trends, issues and insights into the global concrete and cement market. Learn all about the rapid expansion of this industry in the emerging Asia-Pacific region. Discover how recession has resulted in a decline in the key market of the United States. With a comphrensive analysis of this towering industry, you can lay the foundations for a thorough understanding of what drives the concrete and cement market – across the globe!

The difference

• Mix it up: With analysis of the Asia-Pacific, Middle Eastern, North American, Latin American and European markets with country-level data.
• Future forecasts: Historical and forecast (to 2018) valuations of the concrete and cement market in Asia-Pacific, Middle East, Europe, North America and Latin America.
• A solid understanding: The report provides profiles of key companies operating in the construction concrete and cement market.

Additional Report Highlights
The global concrete and cement market recorded a compound annual growth rate (CAGR) of under 10% during the review period. Amidst the global economic crisis, 2009 was the worst year, and construction activity, along with declining demand for concrete and cement, slowed accordingly. However, the market started showing signs of improvement during the review period, owing to the government’s initiatives to support their economies. The global concrete and cement market is expected to record a CAGR of over 6.% over the forecast period (to 2018), in anticipation of the growing global construction industry, infrastructure development undertaken in emerging economies, and the easing of the European economic crisis.

Portland cement was the market’s largest category during the review period. It valued over US$215 billion in 2013, constituting a 44% share in the global market, and is expected to be the fastest-growing category, registering a CAGR of under 7% over the forecast period.

Indonesia is expected to be the fastest-growing category. With an aim of becoming a developed country by 2025, the Indonesian government launched the ambitious Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI) program in 2011. To attract investment for the plan, which envisages spending of up to IDR4 trillion (US$428 billion) by 2025, the government is taking steps to strengthen public-private partnership regulations. Concrete and cement market growth in Indonesia is expected to remain strong over the forecast period, as a result of the government’s focus on infrastructure and industrial construction, and the implementation of the multi-year MP3EI.