Turkey Cement Market to be Dominated by Residential Segment till 2026
Development of the real estate sector
and technological advancements are expected to drive the demand of Turkey Cement
market for the forecast period.
According to TechSci Research report, “Turkey
Cement Market By Type (Blended, Portland, Others), By End Use (Residential,
Non-Residential), By Region, Competition Forecast & Opportunities, 2026”,
the Turkey Cement market is expected to grow at a rate of steady CAGR for the
forecast period, 2022-2026. Cement is a vital part used in construction, which
is a grey-colored inorganic substance with excellent hydraulic binding ability.
Cement is a mixture of finely ground minerals that form rock-like substances
with water, sand, and gravel. Concrete is made using Cement material used for
mass construction, including civil works, industrial estates, and others.
Different kinds of Cement are used for various
purposes according to need and requirements, chosen according to the required
strength and durability. The continuous rise in the population is increasing
the demand for the construction of residential buildings. The booming real
estate sector and the high demand from residential and commercial sectors is
the key factor 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 surge in demand for the construction of
intuitional buildings to boost the healthcare and educational sector in the
country is expected to accelerate the demand for the Turkey Cement market
growth. The rise in the number of nuclear families fueling the demand for the
construction of separate homes and the growing demand for accommodation
facilities in the urban areas is expected to foster the demand for the Turkey Cement
market.
The surge in the per capita income of the
consumers is propelling the affordability of the consumers to invest in the
real estate, and the construction of quality and aesthetically appealing
buildings is, in turn, boosting the demand for the Turkey Cement market. The
rise in the efforts made by the leading authorities to boost the construction
industry in the country by launching schemes and policies promoting the
infrastructural development and the availability of financial assistance to the
consumers is expected to influence the demand for the Turkey Cement market for
the next five years.
However, government regulations to control the
level of carbon emissions may restrain the Turkey Cement market growth for the
forecast period.
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Turkey Cement market is segmented into type, end use,
regional distribution, and company. Based on the type, the market is divided
into blended, portland, and others. The portland Cement segment followed
closely by blended Cement is expected to hold the largest market share for the
forecast period. The high demand for Portland Cement from the residential,
industrial, and commercial construction sectors is driving the Turkey Cement
market.
Portland Cement is in high demand for the construction of
dams, roads, beams, and panels. The high strength and durability of the
Portland Cement make it a preferred option for construction purposes. Portland Cement
shows good resistance to shrinkage and cracking and has a lower setting time
which is the primary reason for its high preference in construction activities.
Blended Cement has several characteristics such as improved workability, lower
water demand, lower crack formation due to thermal stress.
Akcansa Cement, Oyak Group, Çimsa Cement, Limak Cement,
Aşkale Cement, Heidelberg Cement Group, Votorantim Cement, FLSmidth, ADOCIM,
Bursa Cement Company are the leading players operating in Turkey Cement market.
Manufacturers are increasingly focusing on research and development process to
fuel higher growth in the market. To meet evolving customer demand with respect
to better efficiency and durability, several Cement manufacturers are coming up
with their technologically advanced offerings.
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“Stringent
regulations set up by the leading authorities to curb the carbon dioxide levels
in the environment and the efforts made by the manufacturers to minimize the
emission levels are expected to create lucrative opportunities for the Turkey Cement
market growth. The growing demand for green and sustainable Cement to lower the
impact of harmful emissions on the environment and the growing awareness
regarding the use of green Cement is expected to boost the demand for the
Turkey Cement market. Also, to fuel the Cement industry, manufacturers are
focusing on the development of the Cement export sector to cater to the ongoing
construction activities in different countries that are expected to propel the
Turkey Cement market till 2026” 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 & Opportunities, 2026” has evaluated the
future growth potential of Turkey Cement market and provided statistics & information
on market size, shares, structure and future market growth. The report intends
to provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
of Turkey Cement market.
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