White Cement Market Registers Significant Growth, Owing To the Increase in Major Applications of White Cement for Decoration

The white cement market is valued at $6,569 million in 2016 and is expected to reach $8,305 million by 2023, a year-on-year growth of 3.4% from 2017 to 2023. The residential sector accounted for nearly half of the global market share in 2016.

White cement is widely used as an alternative to gray cement due to its added value properties such as heat reflection and improved aesthetic appearance. Demand for white cement is higher in countries with hotter environmental conditions because more heat is reflected from the white concrete surface produced compared to standard gray concrete. In addition, it is also used as an easily available concrete material that works well in many applications. Packaging, buildings and other structures. It is also required in the countries of developed countries, which are often used in innovative buildings and the construction of future landmarks. White cement is also used as an integral part of structural design such as high-rise buildings, bridges and parking structures.

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At present, the global white cement market registers significant growth, owing to the increase in major applications of white cement for decoration. Moreover, growth in tradition of white buildings in countries such as Spain and Italy also augments the market demand. In addition, white cement-based prefabricated products such as tiles and pavers coupled with growth of tile industry have effectively helped to save time and labor, which further escalates the market growth. In addition, the need for buildings with distinctive style of vernacular architecture also boosts the production of global white cement. However, the lesser strength of white cement in comparison with ordinary Portland cement is expected to impede the market during the forecast period.

In 2016, Asia-Pacific accounted for nearly half of the global white cement market, and is expected to continue this trend during the forecast period, owing to the rapid production and consumption of white cements, followed by LAMEA.

The major companies profiled in the report include
• Cementir Holding
• Cimsa Cimento
• JK Cement
• Cemex
• SOTACIB (65% Cementos Molins)
• Ras Al-Khaimah Company
• Birla White (UltraTech)
• Federal White Cement
• Saveh White Cement Company
• Cementos Portland Valderrivas.

The residential segment is expected to account for nearly half of the global market, in 2016. Moreover, the main application areas include repairing and fixing along with tiles and white cement-based prefabricated products. In addition, the usage of white cement in residential segment also includes dry mixes, tiles & floorings, balustrades, banisters, and artifacts. The convenience in usage, quality, product range, and aesthetics majorly fuel the market growth.

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Key Findings of the White Cement Market:
• In terms of value, the commercial end use segment is anticipated to exhibit the growth rate of 3.7% during the forecast period.
• Asia-Pacific is projected to dominate the global market until 2023, registering a CAGR of 4.6% in terms of value.
• The white Portland cement segment occupied maximum share of the global market in 2016.
• Spain occupied one-fourth share of the Europe white cement market in 2016.
• In terms of value, Denmark is expected to grow at a CAGR of 2.4% from 2017 to 2023.

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