The white cement market size was estimated at over 24 million tons by the end of the year, and the market is expected to register a CAGR of more than 3% during the forecast period.
The outbreak of the coronavirus pandemic, the series of nationwide lockdowns, strict social distancing norms, and disruptions in the global supply chain network hampered the white cement market. The pandemic did have several short- and long-term consequences in the construction industry that likely affected the demand for white cement. Many factories and industries were shut down globally, resulting in a decrease in demand and supply. However, the market has begun to recover reasonably due to more knowledge and the proper application of laws and regulations.
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The outbreak of the coronavirus pandemic, the series of nationwide lockdowns, strict social distancing norms, and disruptions in the global supply chain network hampered the white cement market. The pandemic did have several short- and long-term consequences in the construction industry that likely affected the demand for white cement. Many factories and industries were shut down globally, resulting in a decrease in demand and supply. However, the market has begun to recover reasonably due to more knowledge and the proper application of laws and regulations.
Key Highlights
- Over the long term, the growing construction industry in Asia-pacific and the substitution of grey cement due to white cement's superior characteristics will drive the market.
- Increasing focus on innovation and artistic and aesthetic senses in architecture will likely act as an opportunity in the future.
- However, the high production cost will likely restrain the market over the forecast period.
- Asia-Pacific dominated the market across the globe, with the most significant consumption in India and China.
White Cement Market Trends
Increasing Demand for the Residential Sector
- White cement has been a popular building material in recent years, particularly in finishes of modern and avant-garde design homes.
- The residential sector is one of the significant demanding markets for white cement across the globe. Increasing construction of new residential buildings owing to the rise in disposable income of the middle class is expected to drive the market studied.
- The highest growth is expected to be registered in the Asia- Pacific Region, owing to China's and India's expanding housing construction markets. These two regions are expected to represent over 43% of the global middle class by 2030.
- China is currently the world's biggest producer and consumer of white cement. Cementir Holding SpA is currently one of the world's biggest white cement manufacturers.
- With a total investment of CNY 47.14 billion (USD 7.0 billion), Xianyang International Airport's expansion to handle 83 million passengers by 2030 is one of the significant infrastructure projects in China.
- As a part of the 'Investing in Canada Plan,' the government plans to invest nearly USD 140 billion for significant infrastructure developments in the country over the next five years. Some of the major upcoming projects in Canada are Réseau électrique métropolitain (USD 6.3 billion), Toronto’s Eglinton Crosstown LRT (USD 5.3 billion), Gordie Howe International Bridge (USD 5.7 billion), etc.
- All the factors above augment the growth of construction activities, thus, driving the demand for white cement.
China to Dominate the Asia-Pacific Region
- White cement has a wide range of usability in all of sectors. Some of them are fixing marble tiles and sheathing walls, floors, and roofs among others.
- The Asia- Pacific region is majorly dominated by China because of its huge investments in various sectors to speed up the economic growth of the country.
- According to China's five-year plan unveiled in 2022, the construction industry in the country is estimated to grow at a rate of approximately 6% over the next few years.
- China is also looking out to increase its construction projects by increasing the number of airports in the country, which was 260 in the year 2020 to approximately 450 in the year 2035.
- China's Ministry of Finance and National Development has planned to invest around CNY 500 billion (USD 74 billion) in building up state infrastructure in the third quarter of 2022, aiming at increasing infrastructure spending.
- Hence, all such construction investments and projects planned in the country are projected to drive the domestic consumption of the white cement market over the forecast period.
White Cement Market Competitor Analysis
The white cement market is partially consolidated in nature. Some significant players include Cementir Holding N.V., CIMSA, HOLCIM, J.K. Cement Ltd., and Saudi White Cement Company (Riyadh Cement Company, among others.Additional benefits of purchasing the report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Investments in the Construction Sector in Asia-Pacific
4.1.2 Rise of Metro And Tier-1 Cities
4.1.3 Increasing Demand For Precast Concrete
4.2 Restraints
4.2.1 High Production Cost
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Production Capacities
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 Product Type
5.1.1 Type I Cement
5.1.2 Type III Cement
5.1.3 Other Product Types
5.2 Application
5.2.1 Residential
5.2.2 Commercial
5.2.3 Infrastructure
5.2.4 Industrial and Institutional
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Cementir Holding NV
6.4.2 Cementos Portland Valderrivas, SA
6.4.3 Cementos Tudela Vequin S.a.
6.4.4 Cernex S.A.B. De C.V.
6.4.5 Cimsa
6.4.6 CRH PLC
6.4.7 Dyckerhoff GMBH
6.4.8 Fars and Khuzestan Cement Co.
6.4.9 Federal White Cement
6.4.10 Ras AL-Khaimah Cement Company PSC
6.4.11 Heidelberg Materials
6.4.12 Holcim
6.4.13 India Cements Ltd
6.4.14 J.K. Cement Comapny
6.4.15 Kuwait Cement Company
6.4.16 OYAK
6.4.17 Royal El Minya Cement (SESCO Cement Corp.)
6.4.18 Saudi White Cement Company (Riyadh Cement Company)
6.4.19 SECIL
6.4.20 Shargh Cement Company
6.4.21 Ultratech Cement Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Focus on Innovation and Artistic and Aesthetic Senses in Architecture
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cementir Holding NV
- Cementos Portland Valderrivas, SA
- Cementos Tudela Vequin S.a.
- Cernex S.A.B. De C.V.
- Cimsa
- CRH PLC
- Dyckerhoff GMBH
- Fars and Khuzestan Cement Co.
- Federal White Cement
- Ras AL-Khaimah Cement Company PSC
- Heidelberg Materials
- Holcim
- India Cements Ltd
- J.K. Cement Comapny
- Kuwait Cement Company
- OYAK
- Royal El Minya Cement (SESCO Cement Corp.)
- Saudi White Cement Company (Riyadh Cement Company)
- SECIL
- Shargh Cement Company
- Ultratech Cement Ltd
Methodology
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