Press release
White Cement Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033
White Cement Market Analysis
The Business Research Company offers in-depth market insights through White Cement Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Residential Construction Projects Driving The White Cement Market
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.
Competitive Landscape:
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
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Top Trend - Strategic Alliances Transforming White Cement Production
Major companies operating in the white cement market are adopting a strategic partnership approach to electrify the cement kiln heating process. A strategic partnership refers to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in May 2022, Cemex, a Mexico-based multinational building materials company, partnered with Coolbrook, a Finnish-Dutch technology and engineering company. With this partnership, they aim to introduce the innovative Roto Dynamic Heater (RDH) technology, capable of reducing carbon emissions by around 45% in cement production, aligning with CEMEX's commitment to carbon neutrality and contributing to a more sustainable white cement industry. This collaboration not only pioneers a significant reduction in CO2 emissions but also sets industry standards, inspiring other companies to adopt innovative technologies and enhance sustainability practices in the white cement market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. White Cement Market Characteristics
3. White Cement Market Trends And Strategies
4. White Cement Market - Macro Economic Scenario
5. White Cement Market Size And Growth
…..
27. White Cement Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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