The Mexico cement market size reached around 46.90 MMT in 2024. The market is projected to grow at a CAGR of 1.10% between 2025 and 2034, reaching almost 52.32 MMT by 2034.
Cement exports constitute an important portion of Mexico's trade with foreign nations. In 2022, Mexico earned $272 million in foreign exchange reserves by exporting cement to the USA ($254 million), Belize ($3.13 million), Guatemala ($5.77 million), Brazil ($1.57 million), and Nicaragua ($2.78 million).
The expansion of the construction industry in Mexico is also expected to impact thecement marketfavourably. The development of industrial parks due to increasing nearshoring of business operations by American firms is expected to drive the demand for strong buildings, resulting in substantial Mexico cement market growth.
In the forecast period, the rising residential construction, the introduction of government initiatives aimed at promoting infrastructural development, and rapid economic growth are expected to positively impact the Mexico market for cement.
Increasing innovations by key players are driving the Mexico cement market growth. With the growing focus on enhancing the sustainability of the construction sector, rapid urbanisation, and innovations in the construction sector, key players are attempting to develop cement with reduced carbon emissions. In February 2024, Holcim Mexico announced an investment of USD 55 million at a grinding facility at its cement plant in Macuspana, Tabasco. It is Mexico's first plant to manufacture cement with calcinated clay, significantly lowering carbon emissions.
Cement exports constitute an important portion of Mexico's trade with foreign nations. In 2022, Mexico earned $272 million in foreign exchange reserves by exporting cement to the USA ($254 million), Belize ($3.13 million), Guatemala ($5.77 million), Brazil ($1.57 million), and Nicaragua ($2.78 million).
The expansion of the construction industry in Mexico is also expected to impact thecement marketfavourably. The development of industrial parks due to increasing nearshoring of business operations by American firms is expected to drive the demand for strong buildings, resulting in substantial Mexico cement market growth.
In the forecast period, the rising residential construction, the introduction of government initiatives aimed at promoting infrastructural development, and rapid economic growth are expected to positively impact the Mexico market for cement.
Increasing innovations by key players are driving the Mexico cement market growth. With the growing focus on enhancing the sustainability of the construction sector, rapid urbanisation, and innovations in the construction sector, key players are attempting to develop cement with reduced carbon emissions. In February 2024, Holcim Mexico announced an investment of USD 55 million at a grinding facility at its cement plant in Macuspana, Tabasco. It is Mexico's first plant to manufacture cement with calcinated clay, significantly lowering carbon emissions.
Market Segmentation
"Mexico Cement Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:Market Breakup by Product:
- Blended
- Portland
- Others
Market Breakup by End Use:
- Residential
- Non-residential
Market Breakup by Region:
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Competitive Landscape
The key Mexico cement market players are:
- Cemex, S.A.B. de C.V.
- Moctezuma Corporation
- GCC, S.A.B. de C.V.
- Buzzi S.p.A.
- Holcim Ltd.
- FORTALEZA MATERIALES, SAB DE CV
- Cooperativa La Cruz Azul
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Latin America Cement Market Overview
6 Mexico Cement Market Overview
7 Mexico Cement Market by Product
8 Mexico Cement Market by End Use
9 Mexico Cement Market by Region
10 Market Dynamics
12 Competitive Landscape
Companies Mentioned
- Cemex, S.A.B. de C.V.
- Moctezuma Corporation
- GCC, S.A.B. de C.V.
- Buzzi S.p.A.
- Holcim Ltd.
- FORTALEZA MATERIALES, SAB DE CV
- Cooperativa La Cruz Azul
