Cement Market is expected to reach USD 703.7 billion by 2031 | Major players - Heidelberg Materials, UltraTech Cement Ltd, InterCement, Titan Cement Company S.A.

Market Size and Growth:

The Global Cement Market size reached USD 392.5 billion in 2022 and is expected to reach USD 703.7 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

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The Cement Market encompasses the global production, distribution, and sale of cement, a key construction material used in concrete, mortar, and infrastructure projects. It includes various types such as Portland, blended, and specialty cement, catering to residential, commercial, and industrial construction. Market growth is driven by urbanization, infrastructure development, and rising demand for sustainable building materials.

Recent Key Developments of United States:

October 2025 - Ecocem ACT low‐carbon cement demonstration in US:

✅ Ecocem announced that its ACT low‐carbon technology can deliver up to a 60% carbon reduction in US cement manufacturing, positioning a European technology player within the US decarbonization push. The demonstration in Houston underlines growing interest in high‐substitution, low‐clinker cements tied to US infrastructure and ESG‐driven demand.​

November 2025 - US ramps up import capacity amid demand slowdown:

✅ US producers and traders have been increasing cement import capacity even as domestic demand shows signs of slowing, with forecasts pointing to a 5% consumption decline in 2025 and a further marginal drop in 2026. This indicates a shift in supply strategy, with more reliance on imports to balance regional imbalances and cost pressures.​

November 2025 - Heidelberg Materials consolidates North American footprint:

✅ Heidelberg Materials North America highlighted its April 2025 acquisition of Giant Cement Holding (US East Coast cement producer focused on alternative fuels) in its January-September 2025 quarterly statement, with completion of related terminal/aggregates transactions expected by end‐2025. The deal strengthens Heidelberg's integrated presence in the US and supports its alternative‐fuel and sustainability strategy in the region.

Recent Key Developments of Europe:

November 2025 - European Cement Decarbonisation Summit and cost warning:

✅ At the European Cement Decarbonisation Summit in Frankfurt (5-6 November 2025), the World Cement Association warned that current EU decarbonisation policies could cause cement prices to triple or quadruple, placing a heavy cost burden on construction and end users. The comments underscore how rapidly tightening carbon policies are reshaping pricing and investment decisions in Europe's cement market.​

December 2025 - CBAM definitive phase and price pass‐through:

✅ In mid‐December 2025 the European Commission published implementing and delegated acts for the definitive phase of the Carbon Border Adjustment Mechanism (CBAM), with cement importers expressing concern about the complexity and impact of embedded‐emissions verification from January 1. Some European cement producers have already raised prices by around 5-6% and added an additional environmental contribution of roughly EUR 6-8 per tonne to reflect CBAM‐related and transition costs.​

November 2025 - Low‐clinker CEM VI approval and calcined clay pilot in Germany:

✅ Dyckerhoff became the first cement producer in Germany to obtain general building authority approval (abZ) for CEM VI (SLL) composite cement with significantly reduced clinker content at its Lengerich plant, enabling wider commercial use. Around the same period, Rohrdorfer inaugurated a pilot unit for calcined clays at its Rohrdorf plant (up to 50 t/day), using waste heat and potentially hydrogen, further supporting Europe's shift toward low‐clinker, SCM‐rich cements.​

List of the Key Players in the Cement Market:

China National Building Material Group Corporation
CEMEX, S.A.B. de C.V.
HOLCIM
Heidelberg Materials
UltraTech Cement Ltd
InterCement
LafargeHolcim
The Siam Cement Group
Titan Cement Company S.A.
Votorantim Cimentos
Takata Corporation.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Cement Market:

By Type: Portland, Blended, Others.

By Cement Grinding Technologies: Ball Mills, Vertical Roller Mills, Roller Presses, Others.

By Application: Commercial and Infrastructure, Residential, Industrial.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Cement market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Cement Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Cement market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Cement Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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