Portland Cement Market Report 2025

The portland cement market size has grown steadily in recent years. It will grow from $340.33 billion in 2024 to $356.99 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth during the historic period can be credited to rapid urbanization, heightened infrastructure investments, expanding residential construction activities, increased government backing for construction initiatives, and growing demand from industrial construction sectors.

The portland cement market size is expected to see steady growth in the next few years. It will grow to $427.58 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth anticipated in the forecast period can be attributed to the rising popularity of precast and ready-mix concrete solutions, increased renovation and repair activities in established markets, growing population and urban housing demands, expanding commercial real estate development, and heightened demand from road and highway construction projects. Key trends during this period include innovations in cement manufacturing technologies, incorporation of sustainable production practices, adoption of advanced technologies in construction applications, progress in carbon capture and storage (CCS) solutions, and advancements in green cement alternatives.

The rise in residential construction activities is expected to drive the growth of the portland cement market in the coming years. Residential construction involves building or renovating homes, apartments, and condominiums intended for living purposes. This sector is expanding as population growth increases the demand for new housing to accommodate more residents. Portland cement plays a crucial role in residential construction, serving as the main binding material in concrete and mortar, which provides the strength, durability, and workability needed for foundations, walls, floors, driveways, and other structural components. For example, in June 2025, the United States Census Bureau reported that the seasonally adjusted annual rate of privately owned housing completions in May reached 1,526,000, marking a 5.4% rise compared to the revised April figure of 1,448,000. Single-family housing completions hit a rate of 1,027,000, up 8.1% from April’s revised rate of 950,000. Thus, the growth in residential construction activities is fueling the portland cement market.

Leading companies in the portland cement market are focusing on innovative products like portland pozzolana cement (PPC) to reduce carbon emissions, increase durability, and meet the demand for sustainable construction materials. Portland pozzolana cement is a blended cement made by mixing ordinary portland cement clinker with pozzolanic materials such as fly ash or volcanic ash. This blend enhances durability, reduces permeability, and lowers carbon emissions in construction projects. For instance, in November 2023, SRMPR Cements, an Indian cement manufacturer, introduced portland pozzolana cement to cater to the growing housing and infrastructure markets as well as large public construction projects in India. This PPC product features high-quality clinker combined with pozzolanic additives to deliver superior strength, long-lasting durability, and eco-friendly benefits, making it suitable for infrastructure and general construction. Its unique composition reduces the carbon footprint while offering cost savings and improved performance in harsh environments.

In August 2024, Ambuja Cements Limited, an India-based cement producer, acquired Penna Cement Industries for an undisclosed amount. This acquisition aims to strengthen Ambuja’s market position in India’s southern and eastern regions, boost overall production capacity by integrating Penna Cement’s existing and upcoming plants, and support its long-term goal of becoming a leading, cost-effective cement manufacturer in the country. Penna Cement Industries is an Indian company that produces ordinary portland cement (OPC) and portland pozzolana cement (PPC).

Major players in the portland cement market are Holcim Limited, Heidelberg Materials AG, Anhui Conch Cement Company Limited, The Siam Cement Public Company Limited, CEMEX S.A.B. de C.V., CRH plc, UltraTech Cement Limited, VICAT S.A., Ambuja Cements Limited, Taiwan Cement Corporation, Quikrete Holdings Inc., Shree Cement Limited, Dalmia Bharat Limited, Dangote Cement Plc, Birla Corporation Limited, Italcementi S.p.A., Orient Cement Limited, Buzzi Unicem S.p.A., ACC Limited, Eurocement Group Ltd., and Votorantim S.A.

Asia-Pacific was the largest region in the portland cement market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in portland cement report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the portland cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

Portland cement is a widely used type of hydraulic cement produced by finely grinding clinker, which is made by heating a mixture of limestone, clay, and other materials at high temperatures in a kiln. It serves as the primary binding agent in concrete, mortar, and stucco, reacting with water to form a hard, durable mass that provides structural strength and stability in various construction projects.

The main varieties of Portland cement include ordinary Portland cement (OPC), blended cement, white cement, sulfate-resistant cement, Portland limestone cement, and others. Ordinary Portland cement (OPC) is the most common and traditional cement type used globally across many construction applications. It is supplied through direct sales, wholesale distributors, retail outlets, e-commerce platforms, and construction supply companies, and is utilized in applications such as ready-mix concrete, precast concrete products, concrete block manufacturing, and mortar production. The primary end users include residential and commercial construction, infrastructure projects, industrial buildings, and road and highway construction.

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

The portland cement market consists of sales of ordinary portland cement (OPC), portland pozzolana cement (PPC), white portland cement, rapid-hardening portland cement, and sulfate-resisting portland cement (SRC). 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 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.

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