Rapid urbanisation in Asia-Pacific to benefit Portland cement market | Report

Rapid urbanisation in Asia-Pacific to benefit Portland cement market | Report

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 report states that the market, which was more than 3.6 billion tons in 2013, is expected to amount to close to 5.2 billion tons by 2020.

Portland cement plays an important role in construction applications. Worldwide, Portland cement is utilised in the construction of residential and commercial structures. In recent times, rapid urbanisation and infrastructural development in China, Brazil, India, South Africa, and Russia have significantly contributed to the global Portland cement market. Further, the FIFA World Cup in 2018 will require massive infrastructural development. This high-profile sporting event requires world-class stadiums and other ancillary amenities for hosting the spectacle.

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