Enjoy complimentary customisation on priority with our Enterprise License!
The white cement market share is expected to increase by USD 1.43 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.16%.
This white cement market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers white cement market segmentation by application (residential, commercial, and infrastructure) and geography (APAC, North America, Middle East and Africa, Europe, South America, US, China, India, Saudi Arabia, and Spain). The white cement market report also offers information on several market vendors, including Al Rashed Cement Co., Buzzi Unicem SpA, Cementir Holding NV, Cementos Molins SA, CIMSA Ingenieria de Sistemas SA, Fars and Khuzestan Cement Co., Federal White Cement, Fomento de Construcciones y Contratas SA, India Cements Ltd., JK Cement Ltd., Kuwait Cement Co., LafargeHolcim Ltd., OYAK Cimento AS, Ras Al Khaimah Co., Royal El Minya Cement Co., Royal White Cement Inc., Saveh Cement Co., Semapa, Shargh White Cement Co., and UltraTech Cement Ltd. among others.
Download the Free Report Sample to Unlock the White Cement Market Size for the Forecast Period and Other Important Statistics
The growing construction market is notably driving the white cement market growth, although factors such as stringent regulations on the use of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the white cement industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key White Cement Market Driver
The growing construction market is one of the key drivers supporting the white cement market growth. For instance, APAC has the largest number of emerging economies. These countries are focusing on infrastructure development. In Vietnam, the renovation of coastal areas and the establishment of industrial hubs are the major infrastructural projects that are underway. The country has approved a new $921 million investment plan to improve the performance of its industrial parks, which is expected to augment infrastructure development during the forecast period. Major construction projects in China, including the construction of the South-North Water Transfer Project in North China, the expansion of Beijing Capital International Airport, and the construction of the Hong Kong-Zhuhai-Macau bridge. Hence, the growth of the global construction market will increase the demand for white cement during the forecast period.
Key White Cement Market Trend
Rapid urbanization and rising disposable income are other factors supporting the white cement market growth. The ever-rising global population supports the growth of the global construction industry. According to The World Bank Group, the global urban population is 7.7 billion in 2021. By 2050, an additional over 2 billion people are estimated to populate urban and semi-urban areas, with a majority in APAC and MEA. Hence, the demand for residential and non-residential projects is expected to grow in these regions. Meanwhile, white cement is used in different types of constructions. It reduces shrinkage cracking tendencies and the volume change from drying and increases resistance to weathering. Thus, with the rising disposable income and rapid urbanization, the demand for white cement is expected to increase.
Key White Cement Market Challenge
Stringent regulations on the use of raw materials is one of the factors hindering the white cement market growth. Regulatory agencies across the world have imposed stringent regulations on the manufacturing and use of cement. For instance, in July 2018, the US Environmental Protection Agency (EPA) issued a final amendment to the Portland Cement Manufacturing Industry: National Emission Standards for Hazardous Air Pollutants. The amendment has been implemented by the EPA under the Clean Air Act (CAA) to regulate hazardous air pollutants, also known as air toxins. According to the European Commission (EC), regulations such as Directive 2010/75/EU have stipulated provisions and guidelines related to industrial emissions. These regulations will adversely affect the global cement market and the global white cement market during the forecast period
This white cement market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global white cement market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the white cement market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the white cement market encompasses successful business strategies deployed by the key vendors. The white cement market is fragmented and the vendors are deploying growth strategies such as increasing their R&D spending to develop innovative products to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The white cement market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the white cement market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
40% of the market's growth will originate from APAC during the forecast period. Saudi Arabia, China, India, and Spain are the key markets for white cement market in APAC.
The increasing number of construction projects will facilitate the white cement market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. However, with the lifting of lockdowns as a result of vaccination drives carried out by governments, the white cement market in APAC is expected to grow during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The white cement market share growth by the residential segment will be significant during the forecast period. White cement is widely used in various residential applications, such as flooring and walls. For instance, the average family household size is expected to push 1%-2% growth annually in the number of households. This will generate interest in new residential projects. The declining family household size and the increasing interest in residential projects in urban regions will boost the growth of the residential building and construction industries in developing economies, which will drive the demand for white cement during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the white cement market size and actionable market insights on post COVID-19 impact on each segment.
Concrete and Cement market - The market share is poised to grow by USD 320 billion during 2022-2026, accelerating at a CAGR of 6.4% during the forecast period
Cement market - The market share is expected to increase by 749.21 million tons from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.34%.
White Cement Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.16% |
Market growth 2022-2026 |
$ 1.43 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.1 |
Regional analysis |
APAC, North America, Middle East and Africa, Europe, South America, US, China, India, Saudi Arabia, and Spain |
Performing market contribution |
APAC at 40% |
Key consumer countries |
US, Saudi Arabia, China, India, and Spain |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Al Rashed Cement Co., Buzzi Unicem SpA, Cementir Holding NV, Cementos Molins SA, CIMSA Ingenieria de Sistemas SA, Fars and Khuzestan Cement Co., Federal White Cement, Fomento de Construcciones y Contratas SA, India Cements Ltd., JK Cement Ltd., Kuwait Cement Co., LafargeHolcim Ltd., OYAK Cimento AS, Ras Al Khaimah Co. , Royal El Minya Cement Co., Royal White Cement Inc., Saveh Cement Co., Semapa, Shargh White Cement Co., and UltraTech Cement Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.