Bauxite Cement Market to Reach $0.9 Billion, Globally, by 2033 at 1.2% CAGR: Allied Market Research [Yahoo! Finance]
AGC INC UNSP/ADR (ASGLY)
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Source: Yahoo! Finance
Wilmington, Delaware, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, Bauxite Cement Market by Type (CA-50, CA-70, CA-80 and Others), and Application (Construction, Industrial Kiln, Sewage Treatment and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033" . According to the report, the bauxite cement market was valued at $0.8 billion in 2023, and is estimated to reach $0.9 billion by 2033, growing at a CAGR of 1.2% from 2024 to 2033. Prime determinants of growth The global bauxite cement market is experiencing growth due to rapid industrialization and urbanization and increase in demand for high-performance construction materials. However, the competition posed by alternative cement types hinders the market growth to some extent. Moreover, the increase in demand for high-temperature resistant materials opens avenues for the development of innovative solutions presents additional opportunities for the bauxite cement market.
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