Economy & Market
Rapid urbanisation in Asia-Pacific to benefit Portland cement market
According to a recent market study published by Transparency Market Research (TMR), the demand from the global Portland cement market is slated to rise at a CAGR of 5.1 per cent between 2014 and 2020. The market, which was more than 3.6 billion tonnes in 2013, is expected to amount to close to 5.2 billion tonnes by 2020. Further, the FIFA World Cup in 2018 will require massive infrastructural development. This high-profile sporting event requires world-class stadiums.