Portland Cement Global Market Report 2025

Portland Cement Market Overview

• Portland Cement market size has reached to $205.62 billion in 2024

• Expected to grow to $258.85 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%

• Growth Driver: Surge In Residential Construction Activities Fuelling The Growth Of The Market Due To Rising Infrastructure Demand And Urbanization

• Market Trend: Innovative Portland Pozzolana Cement Drives Sustainability In Construction

• Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Portland Cement Market?

Portland cement refers to a common type of hydraulic cement that is manufactured by finely grinding clinker, which is produced by heating a mixture of limestone, clay, and other materials at high temperatures in a kiln. It plays a crucial role as the primary binding material in concrete, mortar, and stucco, reacting with water to form a hard and durable mass that gives structural strength and stability to various construction projects.

The main types of portland cement are ordinary portland cement (OPC), blended cement, white cement, sulfate-resistant cement, portland limestone cement, and others. Ordinary portland cement (OPC) refers to the most common and traditional type of cement used globally across various construction applications. It is distributed through direct sales, wholesale distribution, retail stores, e-commerce platforms, and construction supply companies, serving a range of applications, such as ready-mix concrete, precast concrete products, concrete block manufacturing, and mortar manufacturing. Key end users include residential construction, commercial construction, infrastructure projects, industrial buildings, and road and highway construction.

What Is The Portland Cement Market Size 2025 And Growth Rate?

The portland cement market size has grown steadily in recent years. It will grow from $340.33 billion in 2024 to $356.99 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing urbanization, rising infrastructure investment, growing residential construction activities, increasing government support for construction projects and rising demand from industrial construction.

What’s The Trade War Impact On Aerospace And Defense Industry?

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

How is the Portland Cement Market Segmented?

1) By Type: Ordinary Portland Cement (OPC), Blended Cement, White Cement, Sulphate Resistant Cement, Portland Limestone Cement, Other Types

2) By Distribution Channel: Direct Sales, Wholesale Distribution, Retail Stores, E-Commerce Platforms, Construction Supply Companies

3) By Application: Ready-Mix Concrete, Precast Concrete Products, Concrete Block Manufacturing, Mortar Manufacturing

4) By End-Use: Residential Construction, Commercial Construction, Infrastructure Projects, Industrial Buildings, Road And Highway Construction

Subsegments:

1) By Ordinary Portland Cement (OPC): OPC 33 Grade, OPC 43 Grade, OPC 53 Grade

2) By Blended Cement: Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC), Fly Ash Blended Cement, Silica Fume Blended Cement, Rice Husk Ash Blended Cement

3) By White Cement: White Portland Cement, White Masonry Cement, White Decorative Cement, High Strength White Cement

4) By Sulphate Resistant Cement: Low C3A Sulphate Resistant Cement, Moderate Sulphate Resistant Cement, High Sulphate Resistant Cement

5) By Portland Limestone Cement: Type IL Cement (Up To 15% Limestone), High Limestone Content Cement (16–35%), Ternary Blended Limestone Cement

6) By Other Types: Masonry Cement, Expansive Cement, Oil Well Cement, Quick Setting Cement, Hydrophobic Cement, Air Entraining Cement

What Is Driving The Portland Cement Market? Surge In Residential Construction Activities Fuelling The Growth Of The Market Due To Rising Infrastructure Demand And Urbanization

The increasing residential construction activities are expected to propel the growth of the portland cement market going forward. Residential construction refers to the process of building or renovating structures such as houses, apartments, and condominiums that are intended for people to live in. Residential construction activities are increasing as population growth drives higher demand for new housing to accommodate the expanding number of residents. Portland cement is useful for residential construction as it serves as a primary binding material in concrete and mortar, providing the necessary strength, durability, and workability for building foundations, walls, floors, driveways, and other structural elements. For instance, in June 2025, according to the United States Census Bureau, a US-based government agency, in May, the seasonally adjusted annual rate of privately owned housing completions reached 1,526,000, marking a 5.4% increase compared to the revised April estimate of 1,448,000. Single-family housing completions for the month were at a rate of 1,027,000, showing an 8.1% rise from the revised April rate of 950,000. Therefore, the increasing residential construction activities are driving the growth of the portland cement market.

What Is Driving The Portland Cement Market? Surge In Residential Construction Activities Fuelling The Growth Of The Market Due To Rising Infrastructure Demand And Urbanization

The increasing residential construction activities are expected to propel the growth of the portland cement market going forward. Residential construction refers to the process of building or renovating structures such as houses, apartments, and condominiums that are intended for people to live in. Residential construction activities are increasing as population growth drives higher demand for new housing to accommodate the expanding number of residents. Portland cement is useful for residential construction as it serves as a primary binding material in concrete and mortar, providing the necessary strength, durability, and workability for building foundations, walls, floors, driveways, and other structural elements. For instance, in June 2025, according to the United States Census Bureau, a US-based government agency, in May, the seasonally adjusted annual rate of privately owned housing completions reached 1,526,000, marking a 5.4% increase compared to the revised April estimate of 1,448,000. Single-family housing completions for the month were at a rate of 1,027,000, showing an 8.1% rise from the revised April rate of 950,000. Therefore, the increasing residential construction activities are driving the growth of the portland cement industry.

Who Are The Major Players In The Global Portland Cement Market?

Major Companies operating in the portland cement market are Holcim Limited, Heidelberg Materials AG, Anhui Conch Cement Company Limited, The Siam Cement Public Company Limited, CEMEX S.A.B. de C.V., CRH plc, UltraTech Cement Limited, VICAT S.A., Ambuja Cements Limited, Taiwan Cement Corporation, Quikrete Holdings Inc., Shree Cement Limited, Dalmia Bharat Limited, Dangote Cement Plc, Birla Corporation Limited, Italcementi S.p.A., Orient Cement Limited, Buzzi Unicem S.p.A., ACC Limited, Eurocement Group Ltd., Votorantim S.A.

Who Are The Major Players In The Global Portland Cement Market?

Major Companies operating in the portland cement market are Holcim Limited, Heidelberg Materials AG, Anhui Conch Cement Company Limited, The Siam Cement Public Company Limited, CEMEX S.A.B. de C.V., CRH plc, UltraTech Cement Limited, VICAT S.A., Ambuja Cements Limited, Taiwan Cement Corporation, Quikrete Holdings Inc., Shree Cement Limited, Dalmia Bharat Limited, Dangote Cement Plc, Birla Corporation Limited, Italcementi S.p.A., Orient Cement Limited, Buzzi Unicem S.p.A., ACC Limited, Eurocement Group Ltd., Votorantim S.A.

What Are The Key Trends Of The Global Portland Cement Market? Innovative Portland Pozzolana Cement Drives Sustainability In Construction

Major companies operating in the portland cement market are focusing on developing innovative solutions, such as portland pozzolana cement, to reduce carbon emissions, improve durability, and meet the growing demand for sustainable construction materials. Portland pozzolana cement (PPC) refers to a blended cement made by combining ordinary portland cement (OPC) clinker with pozzolanic materials such as fly ash or volcanic ash to improve durability, reduce permeability, and lower carbon emissions in construction applications. For instance, in November 2023, SRMPR Cements, an India-based manufacturer of cement, launched portland pozzolana cement to address the rising demand from the housing and infrastructure sectors, as well as to support large-scale public construction projects in India. This PPC offers unique features such as high-quality clinker with pozzolanic additives to provide superior strength, long-term durability, and eco-friendly properties, making it ideal for infrastructure projects and general construction. Its unique blend not only lowers carbon footprint but also offers cost advantages and improved performance in aggressive environments.

What Are The Key Trends Of The Global Portland Cement Market? Innovative Portland Pozzolana Cement Drives Sustainability In Construction

Major companies operating in the portland cement market are focusing on developing innovative solutions, such as portland pozzolana cement, to reduce carbon emissions, improve durability, and meet the growing demand for sustainable construction materials. Portland pozzolana cement (PPC) refers to a blended cement made by combining ordinary portland cement (OPC) clinker with pozzolanic materials such as fly ash or volcanic ash to improve durability, reduce permeability, and lower carbon emissions in construction applications. For instance, in November 2023, SRMPR Cements, an India-based manufacturer of cement, launched portland pozzolana cement to address the rising demand from the housing and infrastructure sectors, as well as to support large-scale public construction projects in India. This PPC offers unique features such as high-quality clinker with pozzolanic additives to provide superior strength, long-term durability, and eco-friendly properties, making it ideal for infrastructure projects and general construction. Its unique blend not only lowers carbon footprint but also offers cost advantages and improved performance in aggressive environments.

What Are Latest Mergers And Acquisitions In The Portland Cement Market? Ambuja Cement Completes Acquisition Of Penna Cement Industries To Strengthen Cement Market Presence

In August 2024, Ambuja Cements Limited, an India-based manufacturer of cement, acquired Penna Cement Industries for an undisclosed amount. With this acquisition, Ambuja Cement aims to significantly strengthen its market presence in the southern and eastern regions of India, enhance its overall production capacity by integrating Penna Cement’s operational and upcoming facilities, and accelerate its long-term strategy of becoming a leading and cost-efficient cement producer in the country. Penna Cement Industries is an India-based manufacturer of ordinary portland cement (OPC) and portland pozzolana cement (PPC).

What Are Latest Mergers And Acquisitions In The Portland Cement Market? Ambuja Cement Completes Acquisition Of Penna Cement Industries To Strengthen Cement Market Presence

In August 2024, Ambuja Cements Limited, an India-based manufacturer of cement, acquired Penna Cement Industries for an undisclosed amount. With this acquisition, Ambuja Cement aims to significantly strengthen its market presence in the southern and eastern regions of India, enhance its overall production capacity by integrating Penna Cement’s operational and upcoming facilities, and accelerate its long-term strategy of becoming a leading and cost-efficient cement producer in the country. Penna Cement Industries is an India-based manufacturer of ordinary portland cement (OPC) and portland pozzolana cement (PPC).

What Is The Regional Outlook For The Global Portland Cement Market?

Asia-Pacific was the largest region in the portland cement market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the portland cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the portland cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Is The Regional Outlook For The Global Portland Cement Market?

Asia-Pacific was the largest region in the portland cement market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Portland Cement Market?

The portland cement market consists of sales of ordinary portland cement (OPC), portland pozzolana cement (PPC), white portland cement, rapid-hardening portland cement, and sulfate-resisting portland cement (SRC). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

What Defines the Portland Cement Market?

The portland cement market consists of sales of ordinary portland cement (OPC), portland pozzolana cement (PPC), white portland cement, rapid-hardening portland cement, and sulfate-resisting portland cement (SRC). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Portland Cement Industry?

The portland cement market research report is one of a series of new reports from The Business Research Company that provides portland cement market statistics, including portland cement industry global market size, regional shares, competitors with a portland cement market share, detailed portland cement market segments, market trends and opportunities, and any further data you may need to thrive in the portland cement industry. This portland cement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

What is the Market Assessment and Strategic Outlook for the Portland Cement Industry?

The portland cement market research report is one of a series of new reports from The Business Research Company that provides market statistics, including portland cement industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the portland cement industry. This portland cement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.