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White Cement Market Research Analysis 2024-2033: Growth, Size, Demand, Analysis, Insights
White Cement Market Research Analysis
As per the report, 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 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%.
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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.
Technological Advancements In White Cement Market
Technological advancement is a key trend gaining popularity in the white cement market. Companies in the white cement market are increasingly focusing on new technologies such as carbon capture, utilization, and storage (CCUS) for more efficient and sustainable cement forms For instance, in June 2021, Carbicrete, a Canada-based carbon removal technology company is using captured carbon dioxide for accelerating the curing process of concrete while strengthening and sequestering the gas. The technology cuts out the need for calcium-based cement, a key ingredient in traditional concrete, which is a significant contributor to global CO2 emissions.
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
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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
Contents of the report:
1. Executive Summary
2. White Cement Market Report Structure
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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