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Cement is an adhesive substance used in numerous forms; however, in a particular sense, it is the binding material utilised in building and civil engineering construction. Such a kind of cement is intricately ground powders that, once combined with water, set to a solid mass. Cement can be utilised alone, that is, “neat” as mortaring materials. Nevertheless, it is commonly utilised in mortar and concrete, where the cement is combined with an inert aggregate material.
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China is the biggest producer of cement at a global level. The country produced around 2.1 billion metric tonnes of cement in 2022. India is the second-largest producer of cement and is followed by Vietnam.
Key Details About the Cement Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Cement price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Cement Price chart, including India Cement price, USA Cement price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Cement Price Trend:
Cement is a very critical material as a binder in construction activities. The usage of cement in several fields of construction has made it a highly popular and crucial material in civil engineering. In addition, cement is primarily utilised as a binder in concrete, which is a common material for all kinds of construction, such as housing, roads, schools, hospitals, dams, and ports, and also for enhancing applications like patios, floors, staircases, driveways, pool decks and items like tables, sculptures or bookcases. Moreover, it is also employed in mortar used for plastering, masonry work, pointing, and so on. Besides, cement is utilised in the making of foundations, watertight floors, and footpaths, among others.
Key Players:
- CEMEX S.A.B. de C.V.
- HeidelbergCement AG
- CNBM International Corporation
- InterCement Participações SA
- Anhui Conch Cement Company Limited
- Cementir Holding N.V.
- Cementos Molins, S.A.
- Buzzi Unicem SpAUltratech Cement Ltd.
News & Recent Development:
- March 10, 2023: Malaysia's cement market witnessed further price rises, with also an increase in consumption, which are linked to factors like increasing prices of coal and other raw materials, high shipping costs, and the appreciation of the US dollar compared to the ringgit. The demand for cement is also projected to expand constantly because of the narrower profit margins faced by the businesses. The Department of Statistics Malaysia (DOSM) stressed that the hike in coal prices is one of the main reasons for the increasing cement prices. Since the decline in the developed market is opposed by the continued strong demand in the developing ASEAN countries, coal prices will further rise in 2023, with the demand expected to remain flat at that level across 2025.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link: https://researz.com/cement-price-forecasts/
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