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Global Expansive Cement Market Expected to Reach USD 7,102.1 million by 2027

Global Expansive Cem

iCrowdNewswire   Jan 12, 2021  2:30 PM ET

Global Expansive Cement Summary

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Expansive Cement Market by Types, by Applications, by sales channel and by Region: Size, Share, Trends and Opportunity Analysis, 2017-2027″, the market was valued at USD 4,649.4 Million in 2019 and is expected to grow at a healthy growth rate of 6.1% by the year 2027. The Expansive Cement Market is anticipated to grow substantially during forecast period due to rise in construction and maintenance activities worldwide with growing population. Moreover, the increased demand for blast free demolition to lessen the carbon footprint and to promote safety, use of expansive cement is rising. These factors are expected to drive the expansive cement market during the forecast period.

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Expansive cement has been fragmented based on types, applications, sales channel and region. In terms of type, the market has been bifurcated into Type K, Type M and Type S. Based on the application, the market has been divided into bridges, buildings and others. By sales channel the market has been divided into online and offline channels. By region Expansive Cement market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The European region is further categorized into Germany, France, Italy, the U.K., Spain, Russia, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

The effect of COVID-19 pandemic is diminishing production activities across construction industries worldwide and hence the demand for expansive cement slowed down throughout the pandemic. As construction and building maintenance activities either stopped completely or have been halted in some cases. The global supply chain has at the same time slowed down due to restrictions on national borders. Regarding the expansive cement market as production has slowed down as only half the workforce is working. Although the demand and supply pattern of the market is expected to return to normal growth pattern post COVID.

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As per GMR industry analyst Vidya Jadhav, “The rising applications of expansive cements for blast free demolition of concretes, rocks, and other hard surfaces is anticipated to drive the market growth during forecast period. Moreover, the rising aging constructions such as bridges, building, sidewalks, and other infrastructures are creating lucrative opportunity for the expansive cement.”

Key Takeaways from the Study:

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Report Scope:

Report Metric Details
Market Value in 2019 USD 4,649.4  Million
Market Growth Rate (from 2020 to 2027) 6.1%
Historical Data 2017 & 2018
Base Year 2019
Forecast Period 2020 – 2027
Units Considered Value (USD Million) and Volume (Thousand Tons)
Market Segments By Type, By Application, By sales channel
Regional Scope North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)
Country Scope U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.
Key Companies Profiled CTS Cement Manufacturing Corporation, Denka Company Limited., GCC, Kryton International Inc., KUBATEC BMT AG, The Wagner Companies, Sika AG, XIAMEN BESTLINK FACTORY CO., LTD., Xiamen Good Mining and Drilling Equipment Co.Ltd, Xiamen Samsung Mining Equipment Co., Ltd, Saint, Gobain Weber, Taiheiyo Materials Corporation, Five Star Products, Inc.
Customization Scope Report customization available on request
Pricing and Purchase Options Avail tailor-made purchase options to meet your research requirements.

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