|By Marketwire .||
|January 10, 2013 04:08 AM EST||
ROCKVILLE, MD -- (Marketwire) -- 01/10/13 -- MarketResearch.com has announced the addition of the market research report "Global Concrete and Cement - Market Opportunity and Environment, Analyses and Forecasts to 2016" to their product offering.
The global concrete and cement market valued US$457.2 billion in 2011, out of which the Asia-Pacific region constituted a 57.2% share, making it the largest regional market for concrete and cement in the world. In the same year, Europe and North America positioned themselves as the second and third-largest regions, with shares of 23.6% and 10.6% respectively. The continuing economic uncertainty in Europe and sluggish growth in the US are expected to reduce the market shares of these western regions. Europe and North America's shares are expected to decline from 23.6% and 10.6% in 2011 to 19.9% and 9.3% respectively in 2016.
In terms of growth, the global concrete and cement market recorded a CAGR of 4.39% during the review period, which was possible because of the recovery in demand after the global financial crisis in 2009. The market posted a growth of 6.2% and 10.4% in 2010 and 2011 respectively and is expected to record a CAGR of 7.81% over the forecast period in anticipation of the growing global construction industry and the improved performance of the global economy, following the easing European crisis.
Ready-mixed concrete was the largest product category in the global concrete and cement market in 2011 with a 31.1% share and valued US$142.1 billion, while Portland cement was the second-largest product category with a 28.1% share. The seven product categories are expected to record varying growth rates over the forecast period, as predicted in the CAGR range of 5-11%, as a result of varying application within the construction industry.
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