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An adhesive that sets, hardens, and clings to other materials to bind them together is a binder, such as cement, which is a chemical compound used in building. Usually used to bond sand and gravel (aggregate) together, cement is rarely used on its own.
Mortar for masonry is made by combining cement with fine aggregate, and concrete is made by combining cement with sand and gravel. The most used substance on earth, concrete is the second most consumed resource on the globe after water.
The Mexico Cement market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
The Cement Industry in Mexico: An Analysis of its Determinants examines and pinpoints a few of the factors that account for cement output in Mexico.
This goal is to determine how exports, outside competition, and internal factors like investment, employment, and overall economic activity affected the production of cement. Error correction models were estimated as a function of boosted production.
According to the observations, exports are positively correlated with the exchange rate of cement production, while external competition is negatively correlated. The overall level of economic activity has a significant impact on production.
The results imply that there are no incentives to support the entry of competitors, assuming that the industry is an oligopoly.
The goal is to determine how much the industry’s growing involvement in the global market—driven by its development plans and the removal of antidumping tariffs—has expanded production and how much external competition has had an impact on cement imports.
Analysis of the impact of additional domestic factors, such as investment, employment, and overall general economic activity, on output is another objective.
To establish the statistical relevance of each of these external-order and internal-order elements on cement output in Mexico, a number of error correction models were generated starting with an enlarged production function.
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