PUBLISHER: Market Research Future | PRODUCT CODE: 1727712
PUBLISHER: Market Research Future | PRODUCT CODE: 1727712
Global White Cement Market Research Report By Application (Construction, Infrastructure, Industrial Manufacturing, Decorative Applications, Other Applications), By Grade (Ordinary Portland White Cement (OPWC), Sulfate-Resisting Portland White Cement (SRPC), Hydrophobic White Cement, High-Strength White Cement, Other Grades), By Manufacturing Process (Dry Process, Wet Process, Semi-Dry Process, Other Processes), By Color Shade (Pure White, Off-White, Ivory, Other Shades),and By End User (Residential Construction, Commercial Construction, Industrial Construction, Government Agencies, Other End Users) Forecast to 2030
With a compound annual growth rate (CAGR) of 4.35%, the worldwide white cement market is projected to reach a value of USD 10,612.15 million by 2030 from its 2022 valuation of USD 7,713.34 million. The global market was valued at 20,949.14 kilotons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.34% to reach 26,885.98 kilotons. The rising infrastructure development in emerging economies is the main factor driving the growth of the global white cement market.
White cement is a specialty type of cement distinguished by its strong visual appeal and white hue. It is frequently utilized in building projects when a neat and tasteful look is preferred. The market for white cement has grown significantly in recent years due to rising infrastructure investments and urbanization in emerging economies including China, India, Brazil, and Southeast Asian nations. This covers the development of public infrastructure, transportation networks, business complexes, and residential buildings. The need for white cement has increased as these nations work to update their infrastructure and accommodate expanding populations.
Perspectives on Market Segments
The global white cement market has been divided into segments according to type, product, application, and geography, as per MRFR study. White Portland Cement, White Masonry Cement, and White Portland-Limestone Cement are the three types of cement that make up the global market.
The global market has been segmented by product, including dry mixes and concrete.
The global market has been separated into residential, commercial, and industrial segments based on application.
Regional Market Insights
The market for white cement is expanding significantly, especially when looking at regional trends. North America's stable demand, fueled by residential and commercial building, is reflected in its worth of 3.05 USD billion in 2023. The market is dominated by Europe, which is valued at $4.25 billion, because to trends in ecological and aesthetically pleasing construction. With a valuation of 4.8 USD billion, the Asia-Pacific area is also a significant player, and its importance is increased by the region's growing urbanization and infrastructure advancements. Despite its smaller size (1.2 USD billion), South America is becoming a significant market as a result of growing construction activity. The 1.23 USD billion valuation of the Middle East and Africa indicates a growing demand for contemporary construction solutions driven by infrastructure projects.
Due to significant building projects and growing awareness of sustainable practices, Europe and the Asia Pacific area lead the White Cement Market in terms of revenue, however each of these regions contributes differently. The market expansion in every location shows how local demand and worldwide trends interact, bringing to light regionally specific opportunities and difficulties.
Ulker Group, Taiheiyo Cement Corporation, Cemex, Vicat, Titan Cement Company S.A., Votorantim Cimentos S.A., CRH, Eurocement Holding AG, LafargeHolcim, HeidelbergCement, Indocement Tunggal Prakarsa Tbk, CEMEX S.A.B. de C.V., Buzzi Unicem, and Holcim are important players in the white cement market.