White Cement Global Market Report 2024

White cement is a type of Portland cement manufactured with raw materials low in iron compounds and lacking coloring agents such as Fe, Mn, Cr, and Ti that give typical Portland cement its gray color. This produces concrete with consistent coloration.

The primary types of white cement include white Portland cement, white masonry cement, white PLC cement, and others. White Portland cement shares similarities with ordinary gray Portland cement but differs in color and fineness. It is commonly used in decorative works and prestigious construction projects. These types of white cement come in various grades such as type I, type III, and others, which find applications in residential, commercial, and industrial sectors.

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

The white cement market size has grown steadily in recent years. It will grow from $6.62 billion in 2023 to $6.88 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to the demand for aesthetic finishes, an increase in the tile and flooring industry, restoration and conservation efforts, global urbanization, a preference for light-colored concrete, and the construction of cultural and religious structures.

The white cement market size is expected to see steady growth in the next few years. It will grow to $8.07 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The projected growth in the forecast period is driven by the adoption of sustainable construction practices, increasing demand in emerging markets, the growing popularity of interior design, the expansion of infrastructure projects, and a preference for white cement-based mortars. Major trends expected in this period include the integration of digital technologies in manufacturing processes, the use of white cement in 3D printing applications, increased collaboration with designers and architects, continuous technological advancements in production methods, and ongoing innovations in white cement products.

The white cement market is experiencing growth due to the rise in residential construction projects. The Global Construction 2030 report by Oxford Economics forecasts a significant increase in construction output worldwide, reaching $15.5 trillion by 2030, with China, the US, and India leading the growth. White Portland cement, when combined with white aggregates, produces white concrete, which is popular in upscale construction and decorative applications. This surge in residential construction is expected to drive demand for white cement. For example, the National House Building Council (NHBC) predicts the construction of approximately 1.4 million new homes in the UK by 2029. Consequently, the increasing number of residential construction projects is anticipated to propel the white cement market's growth in the future.

The increasing exploration and production activities in the oil and gas industry are indeed expected to drive the growth of the white cement market. In oil and gas exploration, white cement is used to provide a seal that establishes zonal isolation, preventing fluid communication between different zones in the borehole and enhancing well integrity. This is crucial for maintaining the structural integrity of wells and preventing the escape of fluids to the surface. The data from the U.S. Energy Information Administration, indicating a steady increase in global crude oil production from 93.88 million barrels per day to 95.68 million barrels per day in 2021, underscores the ongoing growth in the oil and gas sector. As exploration and production activities in the oil and gas industry continue to expand to meet global energy demands, the demand for white cement in well completion and drilling operations is expected to rise, thereby fueling the growth of the white cement market.

The white cement market is experiencing a significant trend towards technological advancement. Companies operating in this market are increasingly emphasizing the adoption of new technologies such as carbon capture, utilization, and storage (CCUS) to develop more efficient and sustainable forms of cement. For example, in June 2021, Carbicrete, a Canada-based company specializing in carbon removal technology, introduced a method that utilizes captured carbon dioxide to expedite the concrete curing process while simultaneously reinforcing and sequestering the gas. This innovative technology eliminates the necessity for calcium-based cement, a primary component of conventional concrete that is a major source of global CO2 emissions.

Leading companies in the white cement market are embracing a strategic partnership approach to electrify the cement kiln heating process. This approach involves companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in May 2022, Cemex, a Mexico-based multinational building materials company, formed a partnership with Coolbrook, a Finnish-Dutch technology and engineering company. Through this collaboration, they aim to introduce the innovative Roto Dynamic Heater (RDH) technology, which has the potential to reduce carbon emissions by approximately 45% in cement production. This initiative aligns with Cemex's commitment to carbon neutrality and contributes to a more sustainable white cement industry. Beyond reducing CO2 emissions, this partnership sets industry benchmarks and encourages other companies to embrace innovative technologies and improve sustainability practices in the white cement market.

In April 2022, UltraTech Cement Limited, an India-based manufacturer of cement and concrete products, acquired Ras Al Khaimah Cement for $101.1 million. This acquisition enhances UltraTech's cement manufacturing capabilities, expands its product portfolio, and extends its market presence in the Middle East. Ras Al Khaimah Cement, located in the UAE, is known for its expertise in producing white cement, hydraulic clinkers, and construction materials.

Major companies operating in the white cement market report are Aditya Birla Group, CRH PLC, LafargeHolcim Ltd., Holcim Ltd., Ordu YardImlasma Kurumu, Cemex S.A.B De C.V, Adana Cimento Sanayi TAS, Ultratech Cement Ltd., Ambuja Cements Limited, Shree Cement Limited, Cementir Holding SPA, Shargh White Co., JK Cement Ltd., HeidelbergCement AG, Fars and Khuzestan Cement Co., Italcementi Fabbriche Riunite Cemento S.p.A., Cimsa Cement Industry and Trade Inc., Dyckerhoff GMBH, India Cements Ltd., Cementos Portland Valderrivas S.A, Kuwait Cement Company, Saudi White Cement Company, Royal White Cement Inc., Federal White Cement Ltd., Sinai White Portland Cement Co., Saveh Cement Company, Societe Tuniso-Andalouse de Ciment Blanc S.A., Neyriz White Cement Company, Secil Kaucuk Sanayi Ve Ticaret AS

Asia-Pacific was the largest region in the white cement market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the white cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

The white cement market consists of sales of plaster cements, sulfate-resistant cement, and quick-setting cement. 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.

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.

White Cement Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on white cement market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for white cement ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The white cement market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Aditya Birla Group; CRH plc; LafargeHolcim Ltd.; Holcim Ltd.; Ordu YardImlasma Kurumu
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.