American Cement Industry – Market Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on American Cement Industry – Market Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction to American Cement Industry
The word “cement” can be traced back to the Roman term opus caementicium. Cement is the basic material that is used in construction as an adhesive for binding sand and gravel. Cement industry is considered as one of the core industries which is vital for growth of any economy. It is a vital input for infrastructure building and its production is directly linked with the performance of other sectors like coal, power, construction and transportation. It also provides employment to low and semi-skilled labours which is essential for inclusive economic growth.
Usually inorganic can be characterized into hydraulic or non-hydraulic, depending on the ability of the cement to set in the presence of water. Cement is a powdered mixture of limestone, clay and sand and acts as a binding unit in forming concrete. It is the backbone of the construction sector. It is used for foundations of buildings foundations, concrete slabs, roofing tiles, roads etc. It also has other applications like, usage in mortar for masonry work and plastering, joints of drains, construction of dams, tunnels, pipes, bridges etc.
The cement industry in the United States produced 82.8 million tonnes of cement in 2015, worth US$9.8 billion, and was used to manufacture concrete worth about US$50 billion. The US was the world’s third-largest producer of cement, after China and India. The US cement industry includes 99 cement mills in 34 states, plus two plants in Puerto Rico. The industry directly employed 10,000 workers in 2015.
Cement industry has been segmented based on end uses, cement type and geography. According to end uses cement has been segmented into residential applications and non-residential applications. Also, based on cement type, it has been segmented into General Purpose (GP), General Blend(GB), which is a blend of GP and other materials like fly ash, General Limestone(GL), which is a mix of GP/GB with higher proportion of limestone, and other specialized cements like SL(Shrinkage Limited), Early Strength (EA) and Sulphate Resistant(SR). GP segment remains the most dominant segment based on cement type and is projected to maintain the status quo in the coming years.
Since cement is a bulk commodity, it often counters logistic bottlenecks. To minimize the operational overheads, cement plants are ideally located close to the market with access to efficient transportation such as ship or railroads. The leading cement producing states in the USA are Texas, California, Missouri and Alabama, the combined production of cement in these states account half of total American cement production. In 2015, 10% of total American cement consumption came from imports, The major exporters of cement to USA are Canada and Greece.
There is a plethora of opportunities in the sector especially due to its link with the residential construction sector. Cement production has been steadily increasing over the past decade, against a robust surge in demand. The US Geological Survey reported a year-on-year rise in shipments of Portland and blended cement in the US and Puerto Rico. Shipments rose 5.7% compared to January 2017 to about 5.8 million tonnes.
The report contains a comprehensive analysis on:
- USA Cement Industry Segments
- USA Cement Industry Drivers, Restraints and Opportunities
- USA Cement Industry Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- USA Cement Industry Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors