Turkey Cement Market to be Dominated by Portland Type in the Forecast Period

Rise in the concerns regarding the adverse effect on the country's environmental conditions, and manufacturers using new introduction methods are the factors driving the turkey cement market.

According to TechSci Research report, "Turkey Cement Market - By Region, Competition Forecast & Opportunities, 2018-2028F”, the Turkey Cement market is expected to register robust growth during the forecast period, 2024-2028. The Turkish construction sector is booming, creating the demand for cement. The construction sector is responsible for about half of the cement consumption in Turkey. The Turkish government is increasingly focused on sustainable construction, driving the demand for cement that is produced using lower-carbon emissions technologies. Due to the above-mentioned factors, the Turkey Cement market is expected to grow and anticipated to register a high CAGR, during the forecast period.

The increasing demand from the industrial sector and technological advancements in the cement industry are factors driving the market growth. In addition, the urbanization rate in Turkey is increasing at a rapid pace. In 2020, the urban population of Turkey was 76.1%, which is expected to increase to 82.9% by 2050. The growing urbanization is expected to drive the demand for cement in the country. The continuous rise in the population is increasing the need of construction of residential buildings. The booming real estate sector and the high demand from residential and commercial sectors are the key factors contributing to the increased market demand for the forecast period. The growing prevalence of chronic diseases, the demand for quality healthcare services, and the need to develop the education industry to improve the country's economic conditions, are expected to influence the demand of the cement market.

The increase in demand for the construction of intuitive buildings promoting the country's healthcare and education sectors, is expected to boost the demand for the cement market in Turkey. The demand for the construction of detached apartments is fueled by the increase in the number of nuclear families and the demand for housing in urban areas.

On the other hand, environmental concerns, competition from imported cement, and fluctuations in raw material prices, are the factors hindering the Turkey cement market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the " Turkey Cement Market.”

The Turkey Cement market is segmented into type, end use, regional distribution, and company.  Based on type, the market is segmented into Blended, Portland, and Others. The Portland cement segment is expected to hold the largest market share during the forecast period. Also, high demand for Portland cement in residential, industrial, and commercial construction sectors is driving the cement market in Turkey. Portland cement is in high demand in the construction of dams, roads, beams, and panels. The high strength and durability of Portland cement make it a preferred choice for construction. Portland cement has good shrinkage and cracking resistance and a shorter setting time, which is the main reason for its popularity in construction. Blended cement has several properties such as better workability, less water requirement, and less cracking due to thermal stress.  Based on the end use, the market is bifurcated into residential and non-residential. Based on region, the market is segmented into Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, and Eastern Anatolia.

Key market players in the Turkey Cement Market include: 

• Akcansa Cement
• Oyak Group
• Çimsa Cement
• Limak Cement
• Askale Cimento Sanayi TAS
• Heidelberg Cement Group
• VOTORANTIM CIMENTO A.S.
• FLSmidth
• ADOCIM CIMENTO BETON A.S
• BURSA CEMENT A.S

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“The Turkey government is investing heavily in infrastructure & construction development projects such as roads, highways, airports, and power plants. This is anticipated to boost the need for cement in the country. In the year 2021, the Turkish government allocated investment of USD 100 billion in infrastructure development projects. Additionally, the disposable incomes of the people living in Turkey are rising day by day. This is leading to an increase in spending on housing and other construction activities. The rising disposable incomes are expected to boost the demand for construction materials in the country. Turkey is a popular tourist destination, owing to which the government is focusing towards new construction projects. The tourism sector is expected to grow in the coming years, which will drive the demand for cement in the country.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Turkey Cement Market by Type (Blended, Portland, Others), By End Use (Residential, Non-Residential), By Region, Competition Forecast and Opportunities, 2028F has assessed the Turkey Cement Market future development potential and provides data and information on market size, structure, and projected market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, constraints, and opportunities in the Turkey Cement Market.

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