Global Competitive analysis of Blended Cement Market

Blended Cement Market: Overview

• Blended cement is manufactured by inter-grinding ordinary Portland cement clinker with a high blending material. Blending materials include silica fumes, fly ash, limestone, and slag. These are used to increase the properties of blended cement.

• Blended cement is mainly used to enhance various properties, including workability, high strength, durability, and chemical resistance of concrete. This cement is highly sustainable in terms of release of carbon dioxide. For instance, each time 1 kg of blended cement is substituted by 1 kg of Portland cement, 1 kg of CO2 is not released into the atmosphere.

• The cost of manufacturing additives, such as fly-ash and slag, is lower than the cost of clinker, which is used in traditional cement. This is expected to drive the market in the near future. Blended cement is also resistant to sulfates, chlorides, and acids. Thus, it maintains durability of structures against aggressive chemical conditions.

Key Drivers and Restraints of Blended Cement market

• Blended cement is a sustainable alternative to traditional cement. With the use of blended cement, greenhouse gas emissions can be reduced by almost 40% depending on the ratio of the mixture

• Rapid urbanization in developing countries, such as China and India, has led to a housing shortage in major cities. This has resulted in an increase of construction activities across these countries. Blended cement is used in building blocks in residential and commercial sectors due to its excellent strength, durability, and chemical resistance. This is expected to boost the demand for blended cement in the near future. However, rise in demand for environment-friendly material alternatives in the construction industry is restraining the blended cement market.

Global Blended Cement Market: Segmentation

• The global blended cement market can be segmented based on type and application

• Based on type, the blended cement market can be classified into fly-ash, silica fume, and slag. The slag type segment is anticipated to hold the larger share of the blended cement market in 2020. Slag blended cement is made of non-metallic product comprising more than 90% glass with silicates and alumino-silicates of lime. This cement is mainly used in mass construction due to its low heat of hydration. Slag blended cement is mostly suitable for infrastructure projects due to its high flexural strength. Increased strength, lower risk of cracking, and superior finish are key advantages offered by slag cement.

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• In terms of application, the blended cement market can be categorized into residential & commercial, dams, roads & flyovers, marine construction, and others. The residential & commercial segment held major share of the global market in 2020.

Global Blended Cement Market: Regional Segmentation

• In terms of region, the global blended cement market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

• North America is one of the key regions of the global blended cement market. Expansion of the construction industry in the U.S. and Canada is a major driver of the blended cement market in the region.

• Asia Pacific is a key consumer of blended cement. Government funding for the construction of smart city projects and rapid urbanization in China and India are factors driving the building & construction sectors in the region. Rise in disposable income of the middle class population in Asia Pacific is also likely to augment the construction sector in the region. In turn, these factors are expected to fuel the market in the near future.

• Europe is a highly lucrative region of the global blended cement market. It is expected to offer several opportunities to market players during the forecast period. Increase in urbanization in Nordic countries of Europe is projected to drive the blended cement market in the region.

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COVID-19 Impact on Global Blended Cement Market

• The COVID-19 pandemic has adversely affected the global blended cement market. Construction activities across globe suffered temporarily shut down during the lockdowns. However, demand recovery in the construction sector across the globe after lockdowns is estimated to augment the blended cement market in the near future.

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Key Players in Market

The global blended cement market is dominated by few key manufacturers. Manufacturers are primarily focused on new product launches and increasing their production capacity in order to gain market share. Key players operating in the global blended cement market include:

• ACC Limited

• JSW Cement

• Lafarge North America Inc.

• CEMEX S.A.B. de C.V.

• Holcim Philippines, Inc

• HEIDELBERGCEMENT AG

• Taiheiyo Cement Group

• Buzzi Unicem USA Inc

• UltraTech Cement Limited

• Votorantim Cimentos

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