London-based market research company Technavio announced the top seven leading vendors in its recent global cement industry outlook report. The report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
According to Technavio’s report, the global cement industry has diversified global and regional players. However, with global players expanding their presence in the cement industry, regional players are finding it progressively hard to compete with them, particularly in terms of innovation and cost. The focused environment in this industry is anticipated to strengthen further with an increment in technological advancements and M&A.
Lead industry analyst from Technavio’s metals and minerals research team Chandrakumar B J said, “At present, the global cement market is dominated by the key players. However, we expect the regional and small local players with small shares to expand their market share during the forecast period, especially in emerging economies like in the APAC and MEA region.”
The top seven global cement industry companies are Anhui Conch Cement, Cemex, CNBM, Heidelberg Cement, Italcementi, LafargeHolcim and Taiwan Cement. The 10 other prominent vendors highlighted in Technavio’s report include China Resources Cement Holdings, UltraTech Cement, Taiheiyo Cement, China Tianrui Group Cement, Dalmia Bharat, Lucky Cement, Colacem, Buzzi Unicem, CIMPOR, and Ube Industries.