Concrete and Cement Market Global Opportunity Analysis and Industry Forecast, 2017-2023
Concrete and its binding material cement are essentials for the success of construction projects. The rising need for pre-fabricated construction will augment the growth of the global concrete and cement market to ensure the integrity of building infrastructures. Varieties of cement are available suited for varying requirements of construction projects. The concrete and cement market has an extensive application in the construction industry for various activities such as transport infrastructure, residential, and commercial infrastructure. Major factors that trigger the growth of the global concrete and cement market include increasing rate of population and urbanization, which augments the number of residential construction projects. Increasing government investments in road constructions and re-development is also expected to fuel the global concrete and cement market during the forecast period. The booming commercial sector is expected to offer profitable growth opportunities for the global concrete and cement market during the forecast period. However, the market is expected to witness restraints in the growth due to the less ductility of concrete and the presence of soluble salts in concrete, which can cause efflorescence.
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