Categories: Industry

White Cement Market Growth Opportunities, 2023

The White Cement Global Market Report 2023 by The Business Research Company, provides white cement market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/white-cement-global-market-report

According to The Business Research Company’s White Cement Global Market Report 2023, the market size is expected to grow from $6.42 billion in 2022 to $6.82 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global white cement market size is expected to grow to $8.45 billion in 2027 at a CAGR of 5.5%.

Rising residential construction projects are contributing to the growth of the white cement market.

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The white cement market 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

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.

The white cement market report table of contents includes: