Rebounding growth in construction expenditures along with infrastructural demand will drive Portland cement market to grow at a CAGR of 8.6% by 2015, says RNCOS.
(prHWY.com) July 22, 2011 - Noida, India -- According to our recent publication, "US Cement Industry Analysis", US cement market was hit hard during recession and infrastructure spending cuts along with sluggish housing construction dented market prospects of cement sector as well. Portland cement being the largest sub-segment had tough time but bounced back well in 2011 and posted positive year- on-year-growth results. The study further revealed that Portland cement market will register a CAGR growth of 8.6% during 2011-2015 and will sustain its top slot in the industry.
The research identified that the ready-mix concrete market accounted for a majority of cement demand in 2010. Portland cement accounts for most of the cement sales to ready-mix operators, although numerous firms add pozzolans and other materials bought separately to the concrete mix produced. Cement demand for use in ready-mix concrete is forecasted to increase dynamically during our forecast period and the product will also make inroads into other markets, such as the construction contractor segment, as customers make purchases from widely available sources.
Further, the US cement market is dominated by foreign players and over 80% of the cement capacity in the country is owned by foreign companies. A notable number of small and medium-size domestic cement manufacturers closed their operations as they were no longer profitable in tough economic scenario. This indirectly helped large companies and further strengthened their market leadership in the industry. We expect this trend to reverse in the coming years as operating conditions and business sentiments have started recuperating which will help sector growth in the long run.
Our report, "US Cement Industry Analysis", is an outcome of extensive research and conceptual analysis of the US cement industry potentials. The report highlights major segments like production, installed capacity, export, import, plant size and consumption to give clients valuable information of different aspects of cement industry. The report also provides current and projected market trends of cement demand in various industry verticals including RMC, Construction contractors, Concrete products, and other markets, which will help clients in taking informative investment decision.
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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