TABLE OF CONTENTS
EXECUTIVE SUMMARY 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Introduction 14
What is this report about? 14
Who is the target reader? 14
How to use this report 14
Definitions 14
Global Cement 15
Market Overview 15
Market Data 16
Market Segmentation 18
Market outlook 19
Five forces analysis 21
Cement in Asia-Pacific 27
Market Overview 27
Market Data 28
Market Segmentation 30
Market outlook 31
Five forces analysis 33
Cement in Europe 39
Market Overview 39
Market Data 40
Market Segmentation 42
Market outlook 43
Five forces analysis 45
Cement in France 51
Market Overview 51
Market Data 52
Market Segmentation 54
Market outlook 55
Five forces analysis 57
Macroeconomic indicators 63
Cement in Germany 65
Market Overview 65
Market Data 66
Market Segmentation 68
Market outlook 69
Five forces analysis 71
Macroeconomic indicators 77
Cement in Japan 79
Market Overview 79
Market Data 80
Market Segmentation 82
Market outlook 83
Five forces analysis 85
Macroeconomic indicators 91
Cement in The United Kingdom 93
Market Overview 93
Market Data 94
Market Segmentation 96
Market outlook 97
Five forces analysis 99
Macroeconomic indicators 105
Cement in The United States 107
Market Overview 107
Market Data 108
Market Segmentation 110
Market outlook 111
Five forces analysis 113
Macroeconomic indicators 119
Company Profiles 121
Leading companies 121
Appendix 156
Methodology 156

LIST OF TABLES
Table 1: Global cement market value: $ million, 2008–12 16
Table 2: Global cement market volume: million tonnes, 2008–12 17
Table 3: Global cement market geography segmentation: $ million, 2012 18
Table 4: Global cement market value forecast: $ million, 2012–17 19
Table 5: Global cement market volume forecast: million tonnes, 2012–17 20
Table 6: Asia-Pacific cement market value: $ million, 2008–12 28
Table 7: Asia–Pacific cement market volume: million tonnes, 2008–12 29
Table 8: Asia–Pacific cement market geography segmentation: $ million, 2012 30
Table 9: Asia-Pacific cement market value forecast: $ million, 2012–17 31
Table 10: Asia–Pacific cement market volume forecast: million tonnes, 2012–17 32
Table 11: Europe cement market value: $ million, 2008–12 40
Table 12: Europe cement market volume: million tonnes, 2008–12 41
Table 13: Europe cement market geography segmentation: $ million, 2012 42
Table 14: Europe cement market value forecast: $ million, 2012–17 43
Table 15: Europe cement market volume forecast: million tonnes, 2012–17 44
Table 16: France cement market value: $ million, 2008–12 52
Table 17: France cement market volume: million tonnes, 2008–12 53
Table 18: France cement market geography segmentation: $ million, 2012 54
Table 19: France cement market value forecast: $ million, 2012–17 55
Table 20: France cement market volume forecast: million tonnes, 2012–17 56
Table 21: France size of population (million), 2008–12 63
Table 22: France gdp (constant 2000 prices, $ billion), 2008–12 63
Table 23: France gdp (current prices, $ billion), 2008–12 63
Table 24: France inflation, 2008–12 64
Table 25: France consumer price index (absolute), 2008–12 64
Table 26: France exchange rate, 2008–12 64
Table 27: Germany cement market value: $ million, 2008–12 66
Table 28: Germany cement market volume: million tonnes, 2008–12 67
Table 29: Germany cement market geography segmentation: $ million, 2012 68
Table 30: Germany cement market value forecast: $ million, 2012–17 69
Table 31: Germany cement market volume forecast: million tonnes, 2012–17 70
Table 32: Germany size of population (million), 2008–12 77
Table 33: Germany gdp (constant 2000 prices, $ billion), 2008–12 77
Table 34: Germany gdp (current prices, $ billion), 2008–12 77
Table 35: Germany inflation, 2008–12 78
Table 36: Germany consumer price index (absolute), 2008–12 78
Table 37: Germany exchange rate, 2008–12 78
Table 38: Japan cement market value: $ million, 2008–12 80
Table 39: Japan cement market volume: million tonnes, 2008–12 81
Table 40: Japan cement market geography segmentation: $ million, 2012 82
Table 41: Japan cement market value forecast: $ million, 2012–17 83
Table 42: Japan cement market volume forecast: million tonnes, 2012–17 84
Table 43: Japan size of population (million), 2008–12 91
Table 44: Japan gdp (constant 2000 prices, $ billion), 2008–12 91
Table 45: Japan gdp (current prices, $ billion), 2008–12 91
Table 46: Japan inflation, 2008–12 92
Table 47: Japan consumer price index (absolute), 2008–12 92
Table 48: Japan exchange rate, 2008–12 92
Table 49: United Kingdom cement market value: $ million, 2008–12 94
Table 50: United Kingdom cement market volume: million tonnes, 2008–12 95
Table 51: United Kingdom cement market geography segmentation: $ million, 2012 96
Table 52: United Kingdom cement market value forecast: $ million, 2012–17 97
Table 53: United Kingdom cement market volume forecast: million tonnes, 2012–17 98
Table 54: United Kingdom size of population (million), 2008–12 105
Table 55: United Kingdom gdp (constant 2000 prices, $ billion), 2008–12 105
Table 56: United Kingdom gdp (current prices, $ billion), 2008–12 105
Table 57: United Kingdom inflation, 2008–12 106
Table 58: United Kingdom consumer price index (absolute), 2008–12 106
Table 59: United Kingdom exchange rate, 2008–12 106
Table 60: United States cement market value: $ million, 2008–12 108
Table 61: United States cement market volume: million tonnes, 2008–12 109
Table 62: United States cement market geography segmentation: $ million, 2012 110
Table 63: United States cement market value forecast: $ million, 2012–17 111
Table 64: United States cement market volume forecast: million tonnes, 2012–17 112
Table 65: United States size of population (million), 2008–12 119
Table 66: United States gdp (constant 2000 prices, $ billion), 2008–12 119
Table 67: United States gdp (current prices, $ billion), 2008–12 119
Table 68: United States inflation, 2008–12 120
Table 69: United States consumer price index (absolute), 2008–12 120
Table 70: United States exchange rate, 2008–12 120
Table 71: CEMEX, S.A.B. de C.V.: key facts 121
Table 72: CEMEX, S.A.B. de C.V.: key financials ($) 122
Table 73: CEMEX, S.A.B. de C.V.: key financials (MXN) 122
Table 74: CEMEX, S.A.B. de C.V.: key financial ratios 122
Table 75: China National Building Material Company Limited: key facts 124
Table 76: China National Building Material Company Limited: key financials ($) 125
Table 77: China National Building Material Company Limited: key financials (CNY) 125
Table 78: China National Building Material Company Limited: key financial ratios 125
Table 79: HeidelbergCement AG: key facts 127
Table 80: HeidelbergCement AG: key financials ($) 128
Table 81: HeidelbergCement AG: key financials (€) 128
Table 82: HeidelbergCement AG: key financial ratios 128
Table 83: Lafarge S.A.: key facts 130
Table 84: Lafarge S.A.: key financials ($) 131
Table 85: Lafarge S.A.: key financials (€) 131
Table 86: Lafarge S.A.: key financial ratios 131
Table 87: The Siam Cement Public Company Limited: key facts 133
Table 88: The Siam Cement Public Company Limited: key financials ($) 134
Table 89: The Siam Cement Public Company Limited: key financials (THB) 134
Table 90: The Siam Cement Public Company Limited: key financial ratios 134
Table 91: Ube Industries, Ltd.: key facts 136
Table 92: Ube Industries, Ltd.: key financials ($) 137
Table 93: Ube Industries, Ltd.: key financials (¥) 137
Table 94: Ube Industries, Ltd.: key financial ratios 137
Table 95: Taiheiyo Cement Corporation: key facts 139
Table 96: Taiheiyo Cement Corporation: key financials ($) 140
Table 97: Taiheiyo Cement Corporation: key financials (¥) 140
Table 98: Taiheiyo Cement Corporation: key financial ratios 140
Table 99: Holcim Ltd.: key facts 142
Table 100: Holcim Ltd.: key financials ($) 143
Table 101: Holcim Ltd.: key financials (CHF) 143
Table 102: Holcim Ltd.: key financial ratios 143
Table 103: Italcementi SpA: key facts 145
Table 104: Italcementi SpA: key financials ($) 145
Table 105: Italcementi SpA: key financials (€) 146
Table 106: Italcementi SpA: key financial ratios 146
Table 107: Dyckerhoff AG: key facts 148
Table 108: Dyckerhoff AG: key financials ($) 149
Table 109: Dyckerhoff AG: key financials (€) 149
Table 110: Dyckerhoff AG: key financial ratios 149
Table 111: Schwenk Zement KG: key facts 151
Table 112: Sumitomo Osaka Cement Co., Ltd.: key facts 152
Table 113: Sumitomo Osaka Cement Co., Ltd.: key financials ($) 153
Table 114: Sumitomo Osaka Cement Co., Ltd.: key financials (¥) 153
Table 115: Sumitomo Osaka Cement Co., Ltd.: key financial ratios 153
Table 116: Hope Construction Materials: key facts 155

LIST OF FIGURES
Figure 1: Global cement market value: $ million, 2008–12 16
Figure 2: Global cement market volume: million tonnes, 2008–12 17
Figure 3: Global cement market geography segmentation: % share, by value, 2012 18
Figure 4: Global cement market value forecast: $ million, 2012–17 19
Figure 5: Global cement market volume forecast: million tonnes, 2012–17 20
Figure 6: Forces driving competition in the global cement market, 2012 21
Figure 7: Drivers of buyer power in the global cement market, 2012 22
Figure 8: Drivers of supplier power in the global cement market, 2012 23
Figure 9: Factors influencing the likelihood of new entrants in the global cement market, 2012 24
Figure 10: Factors influencing the threat of substitutes in the global cement market, 2012 25
Figure 11: Drivers of degree of rivalry in the global cement market, 2012 26
Figure 12: Asia-Pacific cement market value: $ million, 2008–12 28
Figure 13: Asia–Pacific cement market volume: million tonnes, 2008–12 29
Figure 14: Asia–Pacific cement market geography segmentation: % share, by value, 2012 30
Figure 15: Asia-Pacific cement market value forecast: $ million, 2012–17 31
Figure 16: Asia–Pacific cement market volume forecast: million tonnes, 2012–17 32
Figure 17: Forces driving competition in the cement market in Asia-Pacific, 2012 33
Figure 18: Drivers of buyer power in the cement market in Asia-Pacific, 2012 34
Figure 19: Drivers of supplier power in the cement market in Asia-Pacific, 2012 35
Figure 20: Factors influencing the likelihood of new entrants in the cement market in Asia-Pacific, 2012 36
Figure 21: Factors influencing the threat of substitutes in the cement market in Asia-Pacific, 2012 37
Figure 22: Drivers of degree of rivalry in the cement market in Asia-Pacific, 2012 38
Figure 23: Europe cement market value: $ million, 2008–12 40
Figure 24: Europe cement market volume: million tonnes, 2008–12 41
Figure 25: Europe cement market geography segmentation: % share, by value, 2012 42
Figure 26: Europe cement market value forecast: $ million, 2012–17 43
Figure 27: Europe cement market volume forecast: million tonnes, 2012–17 44
Figure 28: Forces driving competition in the cement market in Europe, 2012 45
Figure 29: Drivers of buyer power in the cement market in Europe, 2012 46
Figure 30: Drivers of supplier power in the cement market in Europe, 2012 47
Figure 31: Factors influencing the likelihood of new entrants in the cement market in Europe, 2012 48
Figure 32: Factors influencing the threat of substitutes in the cement market in Europe, 2012 49
Figure 33: Drivers of degree of rivalry in the cement market in Europe, 2012 50
Figure 34: France cement market value: $ million, 2008–12 52
Figure 35: France cement market volume: million tonnes, 2008–12 53
Figure 36: France cement market geography segmentation: % share, by value, 2012 54
Figure 37: France cement market value forecast: $ million, 2012–17 55
Figure 38: France cement market volume forecast: million tonnes, 2012–17 56
Figure 39: Forces driving competition in the cement market in France, 2012 57
Figure 40: Drivers of buyer power in the cement market in France, 2012 58
Figure 41: Drivers of supplier power in the cement market in France, 2012 59
Figure 42: Factors influencing the likelihood of new entrants in the cement market in France, 2012 60
Figure 43: Factors influencing the threat of substitutes in the cement market in France, 2012 61
Figure 44: Drivers of degree of rivalry in the cement market in France, 2012 62
Figure 45: Germany cement market value: $ million, 2008–12 66
Figure 46: Germany cement market volume: million tonnes, 2008–12 67
Figure 47: Germany cement market geography segmentation: % share, by value, 2012 68
Figure 48: Germany cement market value forecast: $ million, 2012–17 69
Figure 49: Germany cement market volume forecast: million tonnes, 2012–17 70
Figure 50: Forces driving competition in the cement market in Germany, 2012 71
Figure 51: Drivers of buyer power in the cement market in Germany, 2012 72
Figure 52: Drivers of supplier power in the cement market in Germany, 2012 73
Figure 53: Factors influencing the likelihood of new entrants in the cement market in Germany, 2012 74
Figure 54: Factors influencing the threat of substitutes in the cement market in Germany, 2012 75
Figure 55: Drivers of degree of rivalry in the cement market in Germany, 2012 76
Figure 56: Japan cement market value: $ million, 2008–12 80
Figure 57: Japan cement market volume: million tonnes, 2008–12 81
Figure 58: Japan cement market geography segmentation: % share, by value, 2012 82
Figure 59: Japan cement market value forecast: $ million, 2012–17 83
Figure 60: Japan cement market volume forecast: million tonnes, 2012–17 84
Figure 61: Forces driving competition in the cement market in Japan, 2012 85
Figure 62: Drivers of buyer power in the cement market in Japan, 2012 86
Figure 63: Drivers of supplier power in the cement market in Japan, 2012 87
Figure 64: Factors influencing the likelihood of new entrants in the cement market in Japan, 2012 88
Figure 65: Factors influencing the threat of substitutes in the cement market in Japan, 2012 89
Figure 66: Drivers of degree of rivalry in the cement market in Japan, 2012 90
Figure 67: United Kingdom cement market value: $ million, 2008–12 94
Figure 68: United Kingdom cement market volume: million tonnes, 2008–12 95
Figure 69: United Kingdom cement market geography segmentation: % share, by value, 2012 96
Figure 70: United Kingdom cement market value forecast: $ million, 2012–17 97
Figure 71: United Kingdom cement market volume forecast: million tonnes, 2012–17 98
Figure 72: Forces driving competition in the cement market in the United Kingdom, 2012 99
Figure 73: Drivers of buyer power in the cement market in the United Kingdom, 2012 100
Figure 74: Drivers of supplier power in the cement market in the United Kingdom, 2012 101
Figure 75: Factors influencing the likelihood of new entrants in the cement market in the United Kingdom, 2012 102
Figure 76: Factors influencing the threat of substitutes in the cement market in the United Kingdom, 2012 103
Figure 77: Drivers of degree of rivalry in the cement market in the United Kingdom, 2012 104
Figure 78: United States cement market value: $ million, 2008–12 108
Figure 79: United States cement market volume: million tonnes, 2008–12 109
Figure 80: United States cement market geography segmentation: % share, by value, 2012 110
Figure 81: United States cement market value forecast: $ million, 2012–17 111
Figure 82: United States cement market volume forecast: million tonnes, 2012–17 112
Figure 83: Forces driving competition in the cement market in the United States, 2012 113
Figure 84: Drivers of buyer power in the cement market in the United States, 2012 114
Figure 85: Drivers of supplier power in the cement market in the United States, 2012 115
Figure 86: Factors influencing the likelihood of new entrants in the cement market in the United States, 2012 116
Figure 87: Factors influencing the threat of substitutes in the cement market in the United States, 2012 117
Figure 88: Drivers of degree of rivalry in the cement market in the United States, 2012 118
Figure 89: CEMEX, S.A.B. de C.V.: revenues & profitability 123
Figure 90: CEMEX, S.A.B. de C.V.: assets & liabilities 123
Figure 91: China National Building Material Company Limited: revenues & profitability 126
Figure 92: China National Building Material Company Limited: assets & liabilities 126
Figure 93: HeidelbergCement AG: revenues & profitability 129
Figure 94: HeidelbergCement AG: assets & liabilities 129
Figure 95: Lafarge S.A.: revenues & profitability 132
Figure 96: Lafarge S.A.: assets & liabilities 132
Figure 97: The Siam Cement Public Company Limited: revenues & profitability 135
Figure 98: The Siam Cement Public Company Limited: assets & liabilities 135
Figure 99: Ube Industries, Ltd.: revenues & profitability 138
Figure 100: Ube Industries, Ltd.: assets & liabilities 138
Figure 101: Taiheiyo Cement Corporation: revenues & profitability 141
Figure 102: Taiheiyo Cement Corporation: assets & liabilities 141
Figure 103: Holcim Ltd.: revenues & profitability 144
Figure 104: Holcim Ltd.: assets & liabilities 144
Figure 105: Italcementi SpA: revenues & profitability 146
Figure 106: Italcementi SpA: assets & liabilities 147
Figure 107: Dyckerhoff AG: revenues & profitability 150
Figure 108: Dyckerhoff AG: assets & liabilities 150
Figure 109: Sumitomo Osaka Cement Co., Ltd.: revenues & profitability 154
Figure 110: Sumitomo Osaka Cement Co., Ltd.: assets & liabilities 154