London, United Kingdom, November 02, 2016 --(PR.com
)-- Since 2015, the world construction industry has shown weak performance, given a slowdown in the rate of expansion in China, declining oil prices, investment increase in key oil producing countries and weakness in major emerging markets.
The world concrete and cement industry decreased by 5.3% (in value terms) in the past year. In the preceding 3 years, the annual average growth was around 4.1%. This year, the concrete and cement industry is likely to see sluggish increase of nearly 0.8%, before regaining growth. Through 2021, the value of this industry is anticipated to grow at a 5.36% CAGR.
In the past year, the APAC region took lead in the world concrete and cement market with a share of 62.5%. it was followed by Europe (with a share of 12.8%) and North America (with a share of 11%). Gradual recovery in the European and North American countries and also ongoing development in the APAC countries are predicted to drive the global concrete and cement market expansion through 2020.
India is expected to see the fastest growth among the countries in the APAC region in the next several years. The Indian concrete and cement market is likely to register a 6.68% CAGR in nominal terms through 2020. This growth is predicted to be driven primarily by increasing investments from the private and public sectors under the government’s different flagship programs.
New in-demand report “The Global Concrete and Cement Market – Key Trends and Opportunities to 2020” elaborated by Timetric gives a detailed analysis of the world market for concrete and cement, uncovers trustworthy statistics and touches upon the major aspects. To get the report follow to https://marketpublishers.com/report/industry/construction/global-concrete-n-cement-market-key-trends-n-opportunities-to-2020.html