The white cement market has experienced steady growth, increasing from $6.62 billion in 2023 to $6.88 billion in 2024, with a CAGR of 4.0%. This growth is driven by demand for aesthetic finishes, the tile and flooring industry, restoration projects, urbanization, and preference for light-colored concrete. The market is expected to reach $8.07 billion by 2028, with a CAGR of 4.0%. Key factors for growth include sustainable construction practices, demand in emerging markets, popularity in interior design, infrastructure project expansion, and preference for white cement mortars. Significant trends include digital manufacturing technologies, white cement in 3D printing, designer collaborations, production advancements, and product innovations.
Major Driver In The White Cement Market
The white cement market experiences a boost driven by the rise in residential construction projects globally. The Global Construction 2030 report by Oxford Economics forecasts an 85% surge in construction output, reaching $15.5 trillion worldwide by 2030, spearheaded by China, the US, and India. White Portland cement, essential for luxurious and decorative construction projects, witnesses increased demand alongside rising residential construction activities. For instance, the National House Building Council anticipates approximately 1.4 million new homes to be constructed in the UK by 2029. Therefore, escalating residential construction projects serve as a key driver fueling the growth of the white cement market.
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White Cement Market Competitive Landscape
Aditya Birla Group, CRH plc, LafargeHolcim Ltd., Holcim Ltd., Ordu Yardimlasma Kurumu, Cemex S.A.B De C.V, Adana Cimento Sanayi TAS, Ultratech Cement Ltd., Ambuja Cements Limited, Shree Cement Limited, Cementir Holding SPA, Shargh White Co, JK Cement Ltd., HeidelbergCement AG, Fars and Khuzestan Cement Co, Italcementi Fabbriche Riunite Cemento S.p.A., Cimsa Cement Industry and Trade Inc., Dyckerhoff GMBH, India Cements Ltd., Cementos Portland Valderrivas S.A, Kuwait Cement Company, Saudi White Cement Company, Royal White Cement Inc., Federal White Cement Ltd., Sinai White Portland Cement Co, Saveh Cement Company, Société Tuniso-Andalouse de Ciment Blanc S.A., Neyriz White Cement Company, Secil Kaucuk Sanayi Ve Ticaret AS
Key White Cement Market Trend
Technological advancement is a key trend gaining popularity in the white cement market. Companies in the white cement market are increasingly focusing on new technologies such as carbon capture, utilization, and storage (CCUS) for more efficient and sustainable cement forms For instance, in June 2021, Carbicrete, a Canada-based carbon removal technology company is using captured carbon dioxide for accelerating the curing process of concrete while strengthening and sequestering the gas. The technology cuts out the need for calcium-based cement, a key ingredient in traditional concrete, which is a significant contributor to global CO2 emissions.
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White Cement Market Segmentation
The white cement market covered in this report is segmented –
1) By Type: White Portland Cement, White Masonry Cement, White PLC Cement, Other Types
2) By Grade: Type I, Type III, Other Grades
3) By End Use: Residential, Commercial, Industrial
By Geography:The regions covered in the white cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the white cement market share in 2023.
The White Cement Global Market Report 2024 furnishes information about the global white cement market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
