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White Cement Market Size, Share, Growth, Trends Report 2024
White Cement Market
The Business Research Company presents an extensive market research report on the White Cement Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The white cement market size has grown steadily in recent years. It will grow from $6.62 billion in 2023 to $6.88 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to demand for aesthetic finishes, increased tile and flooring industry, restoration and conservation, global urbanization, preference for light-colored concrete, cultural and religious structures.
The white cement market size is expected to see steady growth in the next few years. It will grow to $8.07 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to sustainable construction practices, growing demand in emerging markets, rising popularity in interior design, expansion of infrastructure projects, preference for white cement-based mortars. Major trends in the forecast period include digital technologies in manufacturing, white cement in 3D printing, collaboration with designers and architects, technological advancements in production, innovations in white cement products.
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Key Market Players:
Major companies operating in the white cement market report are Aditya Birla Group, CRH plc, LafargeHolcim Ltd., Holcim Ltd., Ordu Yardımlaşma Kurumu, Cemex S.A.B De C.V, Adana Cimento Sanayi TAS, Ultratech Cement Ltd., Ambuja Cements Limited, Shree Cement Limited, Cementir Holding SPA, Shargh White Co, JK Cement Ltd., HeidelbergCement AG, Fars and Khuzestan Cement Co, Italcementi Fabbriche Riunite Cemento S.p.A., Cimsa Cement Industry and Trade Inc., Dyckerhoff GMBH, India Cements Ltd., Cementos Portland Valderrivas S.A, Kuwait Cement Company, Saudi White Cement Company, Royal White Cement Inc., Federal White Cement Ltd., Sinai White Portland Cement Co, Saveh Cement Company, Société Tuniso-Andalouse de Ciment Blanc S.A., Neyriz White Cement Company, Secil Kaucuk Sanayi Ve Ticaret AS
Market Drivers:
Rising residential construction projects are contributing to the growth of the white cement market. According to the Global Construction 2030 report published by Oxford Economics, the volume of construction output will be growing by nearly 85% to $15.5 trillion worldwide by 2030, three countries China, the US, and India are leading the way. White Portland cement is mixed with white aggregates to make white concrete, which is utilized for luxurious construction projects and decorative work. Thus, the increasing residential construction activity is expected to increase the demand for white cement. For instance, according to the National House Building Council (NHBC), roughly 1.4 million new homes are expected to be built in the UK by 2029. Therefore, the rising residential construction projects are expected to fuel the growth of the white cement market going forward.
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https://www.thebusinessresearchcompany.com/report/white-cement-global-market-report
The white cement market covered in this report is segmented -
1) By Type: White Portland Cement, White Masonry Cement, White PLC Cement, Other Types
2) By Grade: Type I, Type III, Other Grades
3) By End Use: Residential, Commercial, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
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