"Sustainable infrastructure promoting the global white cement market"
The mounting focus on environmental sustainability has influenced the use of white cement across the globe. The growing use of white cement due to its heat-reflecting properties and beautiful appearance of artwork are driving the global white cement market in recent years. Moreover, white cement is currently an ideal choice for architectural works due to freedom of choice of colors, textures, shapes, sizes, and patterns to accommodate a multitude of applications that takes their artistic expression to a higher level.
Further, there is a high demand for white cement in countries with a hot climate. Egypt is one of the largest producers of white cement having a production capacity of around 2.7 Mt/yr. Also, several governments across the globe are initiating policies to promote green architecture that helps to lower the carbon emission and reduce the local temperature by reducing albedo. Considering these benefits, many builders are adopting white cement in building construction.
However, some of the limiting factors include high capital cost and green fund and market awareness. Moreover, only a few countries of the world have mandatory energy efficiency standards, mainly in Singapore and Thailand. Further, low electricity prices in some Asian countries do not encourage energy-saving practices in building construction. This has negatively impacted the market. Further, the high cost of production and limited utilization in heavy construction activities is obstructing the growth of the market. Overall, the global white cement market is US$ 9.12 Bn in 2021 and expected to reach US$ 13.56 Bn by 2030, growing at a CAGR of 4.56% from 2021 to 2030.
"Residential segment accounted for the fastest growth rate"
The building and construction industry is driving at a high pace which is creating a good demand for the white cement market in 2021. Rapid urbanization across developing regions of the world viz. the Asia Pacific along with growing disposable income is influencing the demand for white cement across the region. Further, the rising demand for personal housing in India, China, ASEAN, Middle East, and Latin America has positively impacted the market in 2021. It is estimated that the current trend to further rise during the forecast period thereby, expanding the market share of the residential segment.
"Rapid urbanization is driving the Asia Pacific market"
With the growing economic development, Asia Pacific is going through rapid urbanization. With increasing construction and reconstruction activities in countries such as India, China, Indonesia, and ASEAN, there is a high demand for white cement. Further, increasing foreign direct investment in the rapidly growing Asia Pacific is influencing the industrial development in the region. Moreover, government initiatives such as smart cities and affordable homes for millions has a growing demand for white cement in India. This has further expanded the regional white cement market share. Overall, the Asia Pacific estimated to be the most attractive to the region for investment and is the fastest-growing region during the forecast period.
"Emerging partnership trend is keeping the market competitive"
The overall white cement market is fragmented and market players are focusing on new product launch and acquisition of other players to boost their market position. Some of the leading global players included in the reports are Çimsa Çimento Sanayi ve Ticaret A.Ş. (Turkey), Cementir Holding N.V. (Italy), JK Cement Ltd (India), UltraTech Cement Ltd. (India), and LafargeHolcim (Switzerland). Following is the list of companies covered in this report.
List of Companies Covered:
Key Industry Development:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of White Cement market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
| Segmentation | |
Cement Type
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End-use
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
