World Cement

As Quoted In Aggregates Business Europe

Gains will continue to be driven by healthy construction activity in the developing countries of the Asia/Pacific and Africa/Mideast regions, with the massive Chinese market remaining the largest driver of growth.

World demand to rise 4.5% annually through 2019

World demand for cement is projected to rise 4.5 percent per year to 5.2 billion metric tons in 2019. Gains will continue to be driven by healthy increases in construction activity in developing countries throughout the Asia/Pacific and Africa/Mideast regions. The massive Chinese market will continue to be the largest driver of growth, accounting for over half of the increase in global cement demand through 2019. North America will also post strong gains as the US construction industry continues to recover from recessionary conditions.

India to be fastest growing major national market

India is expected to post the fastest growth in cement demand of any major national market, advancing 8.0 percent per year through 2019. Many other developing countries in the Asia/Pacific region will post similarly strong growth, including Vietnam, Indonesia, and Pakistan. The pace of gains in China will slow considerably from that of recent years, and growth in cement demand will actually trail the global average. After years of rapid growth, intensity of cement consumption in China -- relative to population, GDP, and construction spending -- has reached extremely high levels. Because the demand base is already so large, previous growth rates are likely unsustainable, and advances will slow as the market matures.

Demand for cement in North America will advance at a healthy clip, primarily due to recovery in the US market. While US demand for cement already has benefited from a post-recession rebound, consumption in 2014 remained well below 2004 levels, leaving significant room for continued recovery. Demand for cement in both Western Europe and Eastern Europe will also benefit from recovery in various countries that have experienced recent economic turmoil. Countries such as Spain, Italy, and Ukraine will all achieve significantly improved performances relative to contractions that occurred between 2004 and 2014. However, growth in these regions will still trail the global average.

Market growth to vary by regional development level

At the global level, consumption of cement in the residential building, nonresidential building, and nonbuilding construction markets is expected to grow at similar rates through 2019, but there will be substantial variation across regions. For example, the nonbuilding construction market will be the fastest growing in the Asia/Pacific region. The lack of transportation and energy infrastructure in much of the region leaves significant room for increased investment in development. Conversely, in developed areas such as North America and Western Europe the nonbuilding construction market will lag.

Study coverage

This Freedonia industry study analyzes the 4.2 billion metric ton world cement industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by type (e.g., blended, Portland) and market (residential, nonresidential, nonbuilding) for six world regions and 20 major countries, along with total supply and demand for an additional 23 countries. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 44 industry players, including LafargeHolcium, China National Building Material, and Anhui Conch Cement.

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  1. World Cement

    $6,500.00

    1. 1 INTRODUCTION

      $191.00

    2. 2 EXECUTIVE SUMMARY

      $116.00

      1. Table | WORLD CEMENT DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,183.00

      1. 3.1 General

        $82.00

      2. 3.2 World Demographic Overview

        $153.00

        1. 3.2.1 Population

          $82.00

          1. Table | WORLD POPULATION BY REGION

        2. 3.2.2 Urban Population

          $82.00

          1. Table | WORLD URBAN POPULATION BY REGION

      3. 3.3 World Economic Overview

        $254.00

        1. 3.3.1 Recent Historical Trends

          $82.00

        2. 3.3.2 World Economic Outlook

          $113.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

        3. 3.3.3 World Per Capita Gross Domestic Product

          $82.00

          1. Table | WORLD PER CAPITA GROSS DOMESTIC PRODUCT BY REGION

      4. 3.4 World Construction Outlook

        $340.00

        1. Table | WORLD CONSTRUCTION EXPENDITURES BY TYPE & REGION

        2. 3.4.1 Residential Building Construction

          $101.00

          1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

        3. 3.4.2 Nonresidential Building Construction

          $82.00

          1. Table | WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

        4. 3.4.3 Nonbuilding Construction

          $82.00

          1. Table | WORLD NONBUILDING CONSTRUCTION EXPENDITURES BY REGION

      5. 3.5 Pricing Patterns

        $116.00

        1. Table | WORLD CEMENT PRICING

      6. 3.6 Technology Trends

        $120.00

      7. 3.7 Legal & Regulatory Environment

        $156.00

    4. 4 OVERVIEW

      $1,040.00

      1. 4.1 General

        $82.00

      2. 4.2 Regional Overview

        $336.00

        1. 4.2.1 World Cement Demand

          $128.00

          1. Table | WORLD CEMENT DEMAND BY REGION

          2. CHART III-1 WORLD CEMENT DEMAND BY REGION, 2014

        2. 4.2.2 World Cement Production

          $92.00

          1. Table | WORLD CEMENT PRODUCTION BY REGION

          2. CHART III-2 WORLD CEMENT PRODUCTION BY REGION, 2014

        3. 4.2.3 International Trade

          $101.00

          1. Table | WORLD CEMENT NET EXPORTS BY REGION

      3. 4.3 Demand by Type

        $345.00

        1. Table | WORLD CEMENT DEMAND BY TYPE

        2. CHART III-3 WORLD CEMENT DEMAND BY TYPE, 2014

        3. 4.3.1 Blended

          $84.00

          1. Table | WORLD BLENDED CEMENT DEMAND BY REGION

        4. 4.3.2 Portland

          $97.00

          1. Table | WORLD PORTLAND CEMENT DEMAND BY REGION

        5. 4.3.3 Other

          $89.00

          1. Table | WORLD OTHER CEMENT DEMAND BY REGION

      4. 4.4 Demand by Market

        $289.00

        1. Table | WORLD CEMENT DEMAND BY MARKET

        2. CHART III-4 WORLD CEMENT DEMAND BY MARKET, 2014

        3. 4.4.1 Residential

          $82.00

          1. Table | WORLD RESIDENTIAL CEMENT DEMAND BY REGION

        4. 4.4.2 Nonresidential

          $82.00

          1. Table | WORLD NONRESIDENTIAL CEMENT DEMAND BY REGION

        5. 4.4.3 Nonbuilding

          $82.00

          1. Table | WORLD NONBUILDING CEMENT DEMAND BY REGION

    5. 5 NORTH AMERICA

      $834.00

      1. 5.1 North America: Overview

        $82.00

      2. 5.2 North America: Cement Supply & Demand

        $82.00

        1. Table | NORTH AMERICA: CEMENT SUPPLY & DEMAND

      3. 5.3 North America: Cement Market Outlook

        $82.00

        1. Table | NORTH AMERICA: CEMENT DEMAND BY TYPE & MARKET

      4. 5.4 North America: Producers

        $82.00

        1. Table | NORTH AMERICA: CEMENT PRODUCTION CAPACITY, 2014

        2. CHART IV-1 NORTH AMERICA: CEMENT DEMAND BY COUNTRY, 2014

      5. 5.5 United States

        $255.00

        1. 5.5.1 United States: Overview

          $82.00

        2. 5.5.2 United States: Cement Supply & Demand

          $88.00

          1. Table | UNITED STATES: CEMENT SUPPLY & DEMAND

        3. 5.5.3 United States: Cement Market Outlook

          $82.00

          1. Table | UNITED STATES: CEMENT DEMAND BY TYPE & MARKET

        4. 5.5.4 United States: Producers

          $82.00

          1. Table | UNITED STATES: CEMENT PRODUCTION CAPACITY, 2014

      6. 5.6 Canada

        $202.00

        1. 5.6.1 Canada: Overview

          $82.00

        2. 5.6.2 Canada: Cement Supply & Demand

          $82.00

          1. Table | CANADA: CEMENT SUPPLY & DEMAND

        3. 5.6.3 Canada: Cement Market Outlook

          $82.00

          1. Table | CANADA: CEMENT DEMAND BY TYPE & MARKET

        4. 5.6.4 Canada: Producers

          $82.00

          1. Table | CANADA: CEMENT PRODUCTION CAPACITY, 2014

      7. 5.7 Mexico

        $178.00

        1. 5.7.1 Mexico: Overview

          $82.00

        2. 5.7.2 Mexico: Cement Supply & Demand

          $82.00

          1. Table | MEXICO: CEMENT SUPPLY & DEMAND

        3. 5.7.3 Mexico: Cement Market Outlook

          $82.00

          1. Table | MEXICO: CEMENT DEMAND BY TYPE & MARKET

        4. 5.7.4 Mexico: Producers

          $82.00

          1. Table | MEXICO: CEMENT PRODUCTION CAPACITY, 2014

    6. 6 WESTERN EUROPE

      $1,498.00

      1. 6.1 Western Europe: Overview

        $82.00

      2. 6.2 Western Europe: Cement Supply & Demand

        $82.00

        1. Table | WESTERN EUROPE: CEMENT SUPPLY & DEMAND

      3. 6.3 Western Europe: Cement Market Outlook

        $82.00

        1. Table | WESTERN EUROPE: CEMENT DEMAND BY TYPE & MARKET

      4. 6.4 Western Europe: Producers

        $82.00

        1. Table | WESTERN EUROPE: CEMENT PRODUCTION CAPACITY, 2014

        2. CHART V-1 WESTERN EUROPE: CEMENT DEMAND BY COUNTRY, 2014

      5. 6.5 Germany

        $207.00

        1. 6.5.1 Germany: Overview

          $82.00

        2. 6.5.2 Germany: Cement Supply & Demand

          $82.00

          1. Table | GERMANY: CEMENT SUPPLY & DEMAND

        3. 6.5.3 Germany: Cement Market Outlook

          $82.00

          1. Table | GERMANY: CEMENT DEMAND BY TYPE & MARKET

        4. 6.5.4 Germany: Producers

          $82.00

          1. Table | GERMANY: CEMENT PRODUCTION CAPACITY, 2014

      6. 6.6 Italy

        $208.00

        1. 6.6.1 Italy: Overview

          $82.00

        2. 6.6.2 Italy: Cement Supply & Demand

          $82.00

          1. Table | ITALY: CEMENT SUPPLY & DEMAND

        3. 6.6.3 Italy: Cement Market Outlook

          $82.00

          1. Table | ITALY: CEMENT DEMAND BY TYPE & MARKET

        4. 6.6.4 Italy: Producers

          $82.00

          1. Table | ITALY: CEMENT PRODUCTION CAPACITY, 2014

      7. 6.7 France

        $200.00

        1. 6.7.1 France: Overview

          $82.00

        2. 6.7.2 France: Cement Supply & Demand

          $82.00

          1. Table | FRANCE: CEMENT SUPPLY & DEMAND

        3. 6.7.3 France: Cement Market Outlook

          $82.00

          1. Table | FRANCE: CEMENT DEMAND BY TYPE & MARKET

        4. 6.7.4 France: Producers

          $82.00

          1. Table | FRANCE: CEMENT PRODUCTION CAPACITY, 2014

      8. 6.8 Spain

        $200.00

        1. 6.8.1 Spain: Overview

          $82.00

        2. 6.8.2 Spain: Cement Supply & Demand

          $82.00

          1. Table | SPAIN: CEMENT SUPPLY & DEMAND

        3. 6.8.3 Spain: Cement Market Outlook

          $82.00

          1. Table | SPAIN: CEMENT DEMAND BY TYPE & MARKET

        4. 6.8.4 Spain: Producers

          $82.00

          1. Table | SPAIN: CEMENT PRODUCTION CAPACITY, 2014

      9. 6.9 Other Western Europe

        $464.00

        1. 6.9.1 Other Western Europe: Overview

          $82.00

        2. 6.9.2 Other Western Europe: Cement Supply & Demand

          $82.00

          1. Table | OTHER WESTERN EUROPE: CEMENT SUPPLY & DEMAND

        3. 6.9.3 Other Western Europe: Cement Market Outlook

          $82.00

          1. Table | OTHER WESTERN EUROPE: CEMENT DEMAND BY TYPE & MARKET

        4. 6.9.4 Other Western Europe: Cement Supply & Demand by Country

          $270.00

          1. Table | OTHER WESTERN EUROPE: CEMENT SUPPLY & DEMAND BY COUNTRY

        5. 6.9.5 Other Western Europe: Producers

          $82.00

          1. Table | OTHER WESTERN EUROPE: CEMENT PRODUCTION CAPACITY, 2014

    7. 7 ASIA/PACIFIC

      $2,223.00

      1. 7.1 Asia/Pacific: Overview

        $82.00

      2. 7.2 Asia/Pacific: Cement Supply & Demand

        $82.00

        1. Table | ASIA/PACIFIC: CEMENT SUPPLY & DEMAND

      3. 7.3 Asia/Pacific: Cement Market Outlook

        $82.00

        1. Table | ASIA/PACIFIC: CEMENT DEMAND BY TYPE & MARKET

      4. 7.4 Asia/Pacific: Producers

        $82.00

        1. Table | ASIA/PACIFIC: CEMENT PRODUCTION CAPACITY, 2014

        2. CHART VI-1 ASIA/PACIFIC: CEMENT DEMAND BY COUNTRY, 2014

      5. 7.5 China

        $287.00

        1. 7.5.1 China: Overview

          $82.00

        2. 7.5.2 China: Cement Supply & Demand

          $84.00

          1. Table | CHINA: CEMENT SUPPLY & DEMAND

        3. 7.5.3 China: Cement Market Outlook

          $82.00

          1. Table | CHINA: CEMENT DEMAND BY TYPE & MARKET

        4. 7.5.4 China: Producers

          $82.00

          1. Table | CHINA: CEMENT PRODUCTION CAPACITY, 2014

      6. 7.6 India

        $218.00

        1. 7.6.1 India: Overview

          $82.00

        2. 7.6.2 India: Cement Supply & Demand

          $82.00

          1. Table | INDIA: CEMENT SUPPLY & DEMAND

        3. 7.6.3 India: Cement Market Outlook

          $82.00

          1. Table | INDIA: CEMENT DEMAND BY TYPE & MARKET

        4. 7.6.4 India: Producers

          $82.00

          1. Table | INDIA: CEMENT PRODUCTION CAPACITY, 2014

      7. 7.7 Indonesia

        $204.00

        1. 7.7.1 Indonesia: Overview

          $82.00

        2. 7.7.2 Indonesia: Cement Supply & Demand

          $82.00

          1. Table | INDONESIA: CEMENT SUPPLY & DEMAND

        3. 7.7.3 Indonesia: Cement Market Outlook

          $82.00

          1. Table | INDONESIA: CEMENT DEMAND BY TYPE & MARKET

        4. 7.7.4 Indonesia: Producers

          $82.00

          1. Table | INDONESIA: CEMENT PRODUCTION CAPACITY, 2014

      8. 7.8 Vietnam

        $208.00

        1. 7.8.1 Vietnam: Overview

          $82.00

        2. 7.8.2 Vietnam: Cement Supply & Demand

          $82.00

          1. Table | VIETNAM: CEMENT SUPPLY & DEMAND

        3. 7.8.3 Vietnam: Cement Market Outlook

          $82.00

          1. Table | VIETNAM: CEMENT DEMAND BY TYPE & MARKET

        4. 7.8.4 Vietnam: Producers

          $82.00

          1. Table | VIETNAM: CEMENT PRODUCTION CAPACITY, 2014

      9. 7.9 Japan

        $187.00

        1. 7.9.1 Japan: Overview

          $82.00

        2. 7.9.2 Japan: Cement Supply & Demand

          $82.00

          1. Table | JAPAN: CEMENT SUPPLY & DEMAND

        3. 7.9.3 Japan: Cement Market Outlook

          $82.00

          1. Table | JAPAN: CEMENT DEMAND BY TYPE & MARKET

        4. 7.9.4 Japan: Producers

          $82.00

          1. Table | JAPAN: CEMENT PRODUCTION CAPACITY, 2014

      10. 7.10 South Korea

        $202.00

        1. 7.10.1 South Korea: Overview

          $82.00

        2. 7.10.2 South Korea: Cement Supply & Demand

          $82.00

          1. Table | SOUTH KOREA: CEMENT SUPPLY & DEMAND

        3. 7.10.3 South Korea: Cement Market Outlook

          $82.00

          1. Table | SOUTH KOREA: CEMENT DEMAND BY TYPE & MARKET

        4. 7.10.4 South Korea: Producers

          $82.00

          1. Table | SOUTH KOREA: CEMENT PRODUCTION CAPACITY, 2014

      11. 7.11 Thailand

        $179.00

        1. 7.11.1 Thailand: Overview

          $82.00

        2. 7.11.2 Thailand: Cement Supply & Demand

          $82.00

          1. Table | THAILAND: CEMENT SUPPLY & DEMAND

        3. 7.11.3 Thailand: Cement Market Outlook

          $82.00

          1. Table | THAILAND: CEMENT DEMAND BY TYPE & MARKET

        4. 7.11.4 Thailand: Producers

          $82.00

          1. Table | THAILAND: CEMENT PRODUCTION CAPACITY, 2014

      12. 7.12 Other Asia/Pacific

        $494.00

        1. 7.12.1 Other Asia/Pacific: Overview

          $82.00

        2. 7.12.2 Other Asia/Pacific: Cement Supply & Demand

          $82.00

          1. Table | OTHER ASIA/PACIFIC: CEMENT SUPPLY & DEMAND

        3. 7.12.3 Other Asia/Pacific: Cement Market Outlook

          $82.00

          1. Table | OTHER ASIA/PACIFIC: CEMENT DEMAND BY TYPE & MARKET

        4. 7.12.4 Other Asia/Pacific: Cement Supply & Demand by Country

          $310.00

          1. Table | OTHER ASIA/PACIFIC: CEMENT SUPPLY & DEMAND BY COUNTRY

        5. 7.12.5 Other Asia/Pacific: Producers

          $82.00

          1. Table | OTHER ASIA/PACIFIC: CEMENT PRODUCTION CAPACITY, 2014

    8. 8 OTHER REGIONS

      $3,243.00

      1. 8.1 Central & South America

        $903.00

        1. 8.1.1 Central & South America: Overview

          $82.00

        2. 8.1.2 Central & South America: Cement Supply & Demand

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: CEMENT SUPPLY & DEMAND

        3. 8.1.3 Central & South America: Cement Market Outlook

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: CEMENT DEMAND BY TYPE & MARKET

        4. 8.1.4 Central & South America: Producers

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: CEMENT PRODUCTION CAPACITY, 2014

          2. CHART VII-1 CENTRAL & SOUTH AMERICA: CEMENT DEMAND BY COUNTRY, 2014

        5. 8.1.5 Brazil

          $214.00

          1. Table | BRAZIL: CEMENT SUPPLY & DEMAND

          2. Table | BRAZIL: CEMENT DEMAND BY TYPE & MARKET

          3. Table | BRAZIL: CEMENT PRODUCTION CAPACITY, 2014

        6. 8.1.6 Other Central & South America

          $490.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: CEMENT SUPPLY & DEMAND

          2. Table | OTHER CENTRAL & SOUTH AMERICA: CEMENT DEMAND BY TYPE & MARKET

          3. Table | OTHER CENTRAL & SOUTH AMERICA: CEMENT SUPPLY & DEMAND BY COUNTRY

          4. Table | OTHER CENTRAL & SOUTH AMERICA: CEMENT PRODUCTION CAPACITY, 2014

      2. 8.2 Eastern Europe

        $774.00

        1. 8.2.1 Eastern Europe: Overview

          $82.00

        2. 8.2.2 Eastern Europe: Cement Supply & Demand

          $82.00

          1. Table | EASTERN EUROPE: CEMENT SUPPLY & DEMAND

        3. 8.2.3 Eastern Europe: Cement Market Outlook

          $82.00

          1. Table | EASTERN EUROPE: CEMENT DEMAND BY TYPE & MARKET

        4. 8.2.4 Eastern Europe: Producers

          $82.00

          1. Table | EASTERN EUROPE: CEMENT PRODUCTION CAPACITY, 2014

          2. CHART VII-2 EASTERN EUROPE: CEMENT DEMAND BY COUNTRY, 2014

        5. 8.2.5 Russia

          $199.00

          1. Table | RUSSIA: CEMENT SUPPLY & DEMAND

          2. Table | RUSSIA: CEMENT DEMAND BY TYPE & MARKET

          3. Table | RUSSIA: CEMENT PRODUCTION CAPACITY, 2014

        6. 8.2.6 Other Eastern Europe

          $391.00

          1. Table | OTHER EASTERN EUROPE: CEMENT SUPPLY & DEMAND

          2. Table | OTHER EASTERN EUROPE: CEMENT DEMAND BY TYPE & MARKET

          3. Table | OTHER EASTERN EUROPE: CEMENT SUPPLY & DEMAND BY COUNTRY

          4. Table | OTHER EASTERN EUROPE: CEMENT PRODUCTION CAPACITY, 2014

      3. 8.3 Africa/Mideast

        $1,567.00

        1. 8.3.1 Africa/Mideast: Overview

          $82.00

        2. 8.3.2 Africa/Mideast: Cement Supply & Demand

          $82.00

          1. Table | AFRICA/MIDEAST: CEMENT SUPPLY & DEMAND

        3. 8.3.3 Africa/Mideast: Cement Market Outlook

          $82.00

          1. Table | AFRICA/MIDEAST: CEMENT DEMAND BY TYPE & MARKET

        4. 8.3.4 Africa/Mideast: Producers

          $82.00

          1. Table | AFRICA/MIDEAST: CEMENT PRODUCTION CAPACITY, 2014

          2. CHART VII-3 AFRICA/MIDEAST: CEMENT DEMAND BY COUNTRY, 2014

        5. 8.3.5 Turkey

          $190.00

          1. Table | TURKEY: CEMENT SUPPLY & DEMAND

          2. Table | TURKEY: CEMENT DEMAND BY TYPE & MARKET

          3. Table | TURKEY: CEMENT PRODUCTION CAPACITY, 2014

        6. 8.3.6 Saudi Arabia

          $200.00

          1. Table | SAUDI ARABIA: CEMENT SUPPLY & DEMAND

          2. Table | SAUDI ARABIA: CEMENT DEMAND BY TYPE & MARKET

          3. Table | SAUDI ARABIA: CEMENT PRODUCTION CAPACITY, 2014

        7. 8.3.7 Iran

          $191.00

          1. Table | IRAN: CEMENT SUPPLY & DEMAND

          2. Table | IRAN: CEMENT DEMAND BY TYPE & MARKET

          3. Table | IRAN: CEMENT PRODUCTION CAPACITY, 2014

        8. 8.3.8 Egypt

          $196.00

          1. Table | EGYPT: CEMENT SUPPLY & DEMAND

          2. Table | EGYPT: CEMENT DEMAND BY TYPE & MARKET

          3. Table | EGYPT: CEMENT PRODUCTION CAPACITY, 2014

        9. 8.3.9 Other Africa/Mideast

          $568.00

          1. Table | OTHER AFRICA/MIDEAST: CEMENT SUPPLY & DEMAND

          2. Table | OTHER AFRICA/MIDEAST: CEMENT DEMAND BY TYPE & MARKET

          3. Table | OTHER AFRICA/MIDEAST: CEMENT SUPPLY & DEMAND BY COUNTRY

          4. Table | OTHER AFRICA/MIDEAST: CEMENT PRODUCTION CAPACITY, 2014

    9. 9 INDUSTRY STRUCTURE

      $6,541.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $82.00

        1. Table | WORLD CEMENT SALES BY COMPANY, 2014

      3. 9.3 Market Share

        $172.00

        1. CHART VIII-1 WORLD CEMENT MARKET SHARE, 2014

      4. 9.4 Product Development & Manufacturing

        $82.00

      5. 9.5 Marketing & Distribution

        $82.00

      6. 9.6 Acquisitions & Divestitures

        $198.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      7. 9.7 Cooperative Agreements

        $217.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 9.8 Company Profiles

        $6,541.00

        1. 9.8.1 ACC Limited

          $82.00

        2. 9.8.2 Ambuja Cements Limited

          $82.00

        3. 9.8.3 Anhui Conch Cement Company Limited

          $197.00

        4. 9.8.4 Ash Grove Cement Company

          $82.00

        5. 9.8.5 Asia Cement Company Limited

          $82.00

        6. 9.8.6 Asia Cement Corporation

          $149.00

        7. 9.8.7 Boral Limited

          $82.00

        8. 9.8.8 Buzzi Unicem SpA

          $240.00

        9. 9.8.9 Camargo Corrêa SA

          $168.00

        10. 9.8.10 Cementir Holdings SpA

          $156.00

        11. 9.8.11 Cementos Argos SA

          $88.00

        12. 9.8.12 CEMEX SAB de CV

          $428.00

        13. 9.8.13 China National Building Material Company Limited

          $176.00

        14. 9.8.14 China Resources Cement Holdings Limited

          $134.00

        15. 9.8.15 China Shanshui Cement Group Limited

          $123.00

        16. 9.8.16 CRH plc

          $295.00

        17. 9.8.17 Dangote Group Plc

          $82.00

        18. 9.8.18 Eagle Materials Incorporated

          $85.00

        19. 9.8.19 EUROCEMENT Holding AG

          $82.00

        20. 9.8.20 Fomentos de Construcciones y Contratas SA

          $100.00

        21. 9.8.21 Grasim Industries Limited

          $122.00

        22. 9.8.22 HeidelbergCement AG

          $699.00

        23. 9.8.23 Hyundai Cement Company Limited

          $82.00

        24. 9.8.24 Italcementi SpA

          $269.00

        25. 9.8.25 LafargeHolcim Limited

          $1,493.00

        26. 9.8.26 Lucky Cement Limited

          $82.00

        27. 9.8.27 Martin Marietta Materials Incorporated

          $82.00

        28. 9.8.28 Mitsubishi Materials Corporation

          $82.00

        29. 9.8.29 Nesher Israel Cement Enterprises Limited

          $82.00

        30. 9.8.30 OYAK Cement Group

          $87.00

        31. 9.8.31 PPC Limited

          $102.00

        32. 9.8.32 PT Semen Indonesia Persero TbK

          $90.00

        33. 9.8.33 Saudi Cement Company

          $82.00

        34. 9.8.34 Siam Cement Public Company Limited

          $125.00

        35. 9.8.35 Ssangyong Cement Industrial Company Limited

          $82.00

        36. 9.8.36 Sumitomo Osaka Cement Company Limited

          $82.00

        37. 9.8.37 Taiheiyo Cement Corporation

          $137.00

        38. 9.8.38 Taiwan Cement Corporation

          $121.00

        39. 9.8.39 Tangshan Jidong Cement Group Company Limited

          $110.00

        40. 9.8.40 Titan Cement Company SA

          $105.00

        41. 9.8.41 Tongyang Cement & Energy Corporation

          $82.00

        42. 9.8.42 Ube Industries Limited

          $82.00

        43. 9.8.43 Vicat Group SA

          $130.00

        44. 9.8.44 Votorantim Participaçõ es SA

          $174.00

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