The White Cement Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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As per The Business Research Company’s White Cement Global Market Report for 2024, the white cement market has exhibited consistent growth in recent years, poised to ascend from $6.62 billion in 2024 to $6.88 billion by the same year, manifesting a compound annual growth rate (CAGR) of 4.0%. This upward trajectory in the historical context can be ascribed to various factors, including the escalating demand for aesthetic finishes, the burgeoning tile and flooring industry, as well as the imperatives of restoration and conservation efforts amidst global urbanization trends. Moreover, the predilection for light-colored concrete in cultural and religious architectural endeavors has significantly contributed to market expansion.
Forecasts indicate a continued ascent in the white cement market size, projecting an escalation to $8.07 billion by 2028, fueled by a consistent CAGR of 4.0%. The envisaged growth in the impending period is underpinned by the burgeoning adoption of sustainable construction practices, burgeoning demand in emerging markets, and the surging popularity of white cement in interior design applications. Additionally, the proliferation of infrastructure projects worldwide and the preference for white cement-based mortars are expected to bolster market dynamics.
Furthermore, notable trends anticipated in the forecast period encompass the integration of digital technologies in manufacturing processes, the burgeoning utilization of white cement in 3D printing applications, collaborative endeavors with designers and architects, as well as notable advancements in production technologies and innovations in white cement product offerings.
Rising residential construction projects are contributing to the growth of the white cement market. According to the Global Construction 2030 report published by Oxford Economics, the volume of construction output will be growing by nearly 85% to $15.5 trillion worldwide by 2030, three countries China, the US, and India are leading the way. White Portland cement is mixed with white aggregates to make white concrete, which is utilized for luxurious construction projects and decorative work. Thus, the increasing residential construction activity is expected to increase the demand for white cement. For instance, according to the National House Building Council (NHBC), roughly 1.4 million new homes are expected to be built in the UK by 2029. Therefore, the rising residential construction projects are expected to fuel the growth of the white cement market going forward.
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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
Top 5 Major players:
Prominent entities operating within the white cement market landscape are strategically embracing partnerships to revolutionize the cement kiln heating process. This strategic alliance approach entails leveraging complementary strengths and resources to realize mutual benefits and foster success. A noteworthy instance is the collaboration between Cemex, a Mexico-based multinational building materials conglomerate, and Coolbrook, a Finnish-Dutch technology and engineering firm. Their collaboration aims to introduce the innovative Roto Dynamic Heater (RDH) technology, poised to curtail carbon emissions by approximately 45% in cement production processes. This initiative resonates with CEMEX’s steadfast commitment to carbon neutrality and underscores its contribution to fostering a more sustainable white cement industry. Beyond its environmental implications, this collaborative venture sets a precedent for industry-wide standards, inspiring peers to embrace innovative technologies and augment sustainability endeavors within the white cement domain.
The white cement market report table of contents includes:
1. Executive Summary
2. White Cement Market Characteristics
3. White Cement Market Trends And Strategies
4. White Cement Market – Macro Economic Scenario
5. Global White Cement Market Size and Growth
…..
32. Global White Cement Market Competitive Benchmarking
33. Global White Cement Market Competitive Dashboard
34. Key Mergers And Acquisitions In The White Cement Market
35. White Cement Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global White Cement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global White Cement Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global White Cement Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 74: Aditya Birla Group Financial Performance
Table 75: CRH plc Financial Performance
Table 76: LafargeHolcim Ltd. Financial Performance
Table 77: Holcim Ltd. Financial Performance
Table 78: Ordu Yardimlasma Kurumu Financial Performance
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