According to a recent research report published by MarkNtel Advisors, the Global Blended Cement Market is set to register around 3.6% CAGR during 2022-27. Blended cement is cement in which part of the clinker is substituted with other materials like granulated slag, Fly Ash (FA), limestone, & silica fume to enhance cement properties for different applications. Since cement manufacturing involves high fuel & electricity consumption, along with significant CO2 emissions, active efforts are being made globally toward enabling the constant availability of eco-friendly building & construction materials to achieve sustainable infrastructural developments.
As a result, the booming construction industry, i.e., leading to burgeoning cement production worldwide, is the prime aspect projected to drive the blended cement market through 2027. Increasing population, rising urbanization, & growing number of residential buildings, coupled with the flourishing tourism sector leading to rapidly rising construction of commercial infrastructures like roads, hotels, healthcare facilities, shopping malls, trade centers, & corporate spaces, are all driving the construction industry and, in turn, augmenting the growth of the blended cement market.
Slag as a Blending Material to Dominate the Blended Cement Market through 2027
With ever-increased requirements for continuous access to quality & eco-friendly materials and energy trends shifting away from coal-fired plants, the availability of fly ash is significantly reducing, and slag-based blends that have superior durability, versatility, strength, & low heat of hydration are gaining ground globally. Slag-based blended cement has high flexural & compressive strength, enhanced workability, fewer risks of cracking, premium finish, & long service life. As a result, it is considered ideal for environmentally-friendly infrastructure projects and allows for exceptional housing facilities. Hence, various ongoing & upcoming commercial & residential construction projects across different countries due to burgeoning population rates & urbanization are projected to accelerate the demand for slag blends and, consequently, stimulate the expansion of the blended cement industry in the coming years.
Asia-Pacific is the Largest Blended Cement Industry Globally
Asia-Pacific is the largest end-user of the blended cement industry globally, where China dominates the region. It owes to massive government investments in smart city development projects, rising population & rapid urbanization in India & China, and improving disposable incomes. Besides these two countries, Vietnam & Indonesia are other notable consumers of blended cement across the region, which owes to the rapidly rising infrastructural development activities associated with railways, bridges, roads, dams, power plants, and other transportation & energy infrastructure.
The key companies in the Global Blended Cement Market include ACC Limited, Anhui Conch Cement, CEMEX S.A.B. de C.V., Dalmia Bharat Group, Holcim Group, Heidelberg Cement, JSW Cement, Taiheiyo Cement Corporation, The Siam Cement Group, and UltraTech Cement Limited.
Key Questions Answered in the Research Study: