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Latin America Cement Industry Market Size & Forecast by Value and Volume Across 50+ Market Segments for Cement Products, Distribution Channel, Market Share, Import - Export, End Markets - Databook Q1 2024 Update

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    Report

  • 390 Pages
  • June 2024
  • Region: Latin America
  • ConsTrack360
  • ID: 5759975
The cement industry in Latin America region is expected to grow by 3.3% on an annual basis to reach US$ 14.64 billion in 2024.

The cement market is expected to record steady growth over the medium term in Latin America. Several markets, including Brazil and Peru, are expected to experience growth in cement consumption in 2024. This is based on the various infrastructure projects undertaken by the regional governments. In Mexico, however, cement firms are projecting modest growth in 2024.

Innovation is also expected to gain momentum over the medium term in the Latin American region. Cemex, in February 2024, announced that the firm is adopting a new cement-making process. The method will reduce the firm's consumption of key intermediary ingredients, while also cutting down emissions. Overall, the publisher maintains a positive growth outlook for the Latin American cement industry over the next three to four years.

Cement consumption is projected to increase in different Latin American markets in 2024

Cement consumption, especially in markets like Brazil and Peru, is expected to increase compared to the last few years. The projection, in these markets, is based on the advances in infrastructure projects. In Brazil, the usage of cement has been on the rise in the construction of highways, as some of the state governments are implementing more use of rigid concrete pavement for asphalting roads and highways.
  • According to a report by the National Cement Industry Union, cement sales increased by 12% year over year in April 2024, to reach 5.1 million tonnes, in Brazil. In comparison to March 2024, cement sales surged by 4%.
  • In Peru, too, cement consumption is expected to increase compared to the last few years. Higher spending on infrastructure projects will drive cement sales over the medium term.
In Mexico, though, major cement producers are expecting modest growth in 2024. Budget reductions and the completion of infrastructure projects are expected to result in a decline in cement consumption compared to the last few years. The National Cement Chamber has forecasted a growth of 2% in cement consumption in 2024. With this, cement firms like Cemex are shifting their focus to other global markets, like Europe.

Mexico-based Cemex is adopting a new cement-making process to cut emissions and costs in 2024

Cemex, in February 2024, announced that the firm is adopting a new cement-making process. The method will reduce the firm's consumption of key intermediary ingredients, while also cutting down emissions.
  • Cemex has introduced a process called micronizing, which involves finely grinding clinker - the heated combination of limestone and minerals that serves as an intermediary product in cement production. By micronizing the clinker along with a proprietary blend of chemical additives, Cemex will significantly reduce the amount of clinker required in its cement.
Typically, blended cement consists of about 73% clinker and 27% other components, such as gypsum, cementitious additions like fly ash and slag, and fillers like limestone, according to the firm’s research and development team. However, the team said that further reducing the clinker content usually compromises the strength of the cement. But by micronizing the clinker, the firm will be able to reduce the clinker content in the mix to around 50%, while maintaining the cement's strength. Cemex has revealed that the new formula's emission is lower by half compared to the benchmark. It is, therefore, expecting the industry to be receptive to the new blend.

Firms are investing in capacity expansion projects in different Latin American markets in 2024

The demand for cement is projected to increase over the medium term, especially in markets like Brazil. This has resulted in firms investing in capacity expansion projects in 2024. This trend is expected to gain momentum over the next few quarters.
  • Supremo Secil Cimentos, in February 2024, announced an investment of US$20.3 million in expanding its cement plant in Adrianopolis. This expansion, slated to begin in July 2024, will boost the plant's clinker capacity by 10%. Furthermore, it will increase the plant's use of alternative fuels from the current 25% - 30% to 40%, with a goal of reaching 50% by 2030.
  • In Mexico, where the firms are expecting modest growth, similar trends are emerging. Holcim, for instance, has announced an investment of US$55 million towards the construction of its new cement plant in February 2024. With this investment, the firm is seeking to strengthen its position in the Latin American market. The new grinding unit is being constructed in Macuspana, Tabasco.
Going forward, in Latin America, the publisher expects more cement manufacturers to invest in their plant expansion projects. This will aid the competitive landscape in the sector, while also supporting the broader industry growth over the next three to four years.

The medium to long term growth story in region remains intact. The cement industry in region is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 3.1% during 2024-2028. The cement output in the region is expected to increase from US$ 14.16 billion in 2023 to reach US$ 16.54 billion by 2028.

This market intelligence report provides a detailed view of market opportunities in the cement industry. With over 50+ KPIs, covering construction markets, distribution channel, end-user, and products in each country, this databook offering primarily provides data-centric analysis with charts and tables.
  • Cement Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and cement opportunities in the various end-user segments.
  • Distribution Channel: Provides an in-depth analysis of cement distribution channel across products at country level in value terms.
  • Cement Products: Provides demand analysis of market by 4 key segments: Portland Cement, Blended Cement, Specialty Cement, and Green Cement. This segment also includes in depth analysis of further sub-segments of 8 cement product types.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

This title is a bundled offering, combining the following 6 reports (174 tables and 274 charts):

  • Regional Report - Latin America Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 1 - Brazil Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 2 - Argentina Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 3 - Chile Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 4 - Colombia Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 5 - Mexico Cement Business and Investment Opportunities (2018-2028) Databook

Scope

This databook offering provides a detailed data-centric analysis of the cement industry, covering market opportunity, and industry dynamics by cement products and end-user, construction market and distribution channel at country and regional level.

In addition, it also provides market size of the cement products and its demand analysis at regional and country level in Latin America. With over 50+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

Each regional and country databook provides the breakdown of the cement market as detailed below:

Cement Outlook: 10-year market size & forecast in value and volume

Cement Outlook by product type: 10-year market size & forecast in value and volume

  • Portland cement
  • Blended Cement
  • Portland Cement
  • Specialty Cement
  • Green Cement

Cement Market by type of Portland Cement, 2019-2028

  • Type IS (X), Portland-Slag Cement
  • Type IP (X), Portland-Pozzolan Cement
  • Type IL (X), Portland-Limestone Cement
  • Type IT, Ternary Blended Cement

Cement Market by type of Specialty Cement, 2019-2028

  • Rapid Hardening Cement
  • High Alumina Cement
  • White Cement
  • Sulphate Resistant Cement
  • Others

Cement Market by Key Markets, 2019-2028

  • Residential Buildings
  • Non-Residential Buildings
  • Infrastructure & Other Markets

Cement Market by Distribution Channel, 2019-2028

  • Direct Channel
  • Indirect Channel

Cement Market by End-User, 2019-2028

  • Ready-Mix Concrete Producers
  • Consumers
  • Concrete Product Manufacturers
  • Other End Users

Cement Market Share by Key Players, 2023

Cement Market Top Import Destinations, 2023

Cement Market Top Export Destinations, 2023

Reasons to buy

With over 50+ KPIs at the country and regional level, this report provides comprehensive understanding of market dynamics at a more granular level.
  • Provide In-depth Understanding of Cement Market Dynamics: Market opportunity, industry dynamics, key trends, restraints and drivers across 50+ market segments.
  • In Detail Segmentation of Cement Product Analysis: This report provides demand analysis for four segments of the cement market (Portland, Blended, Specialty, Green) covering 8 cement products, end-users (residential, non-residential, infrastructure), and distribution channels.
  • Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the cement industry.
  • Market Share Analysis: Understand the competitive landscape by identifying key players and their market share.
  • Import & Export Data: Gain insights into cement trade by knowing the top import and export destinations.

Table of Contents

This title is a bundled offering, combining the following 6 reports (174 tables and 274 charts):
1. Brazil Cement Business and Investment Opportunities (2019-2028) Databook
2. Argentina Cement Business and Investment Opportunities (2019-2028) Databook
3. Chile Cement Business and Investment Opportunities (2019-2028) Databook
4. Colombia Cement Business and Investment Opportunities (2019-2028) Databook
5. Mexico Cement Business and Investment Opportunities (2019-2028) Databook
6. Latin America Cement Business and Investment Opportunities (2019-2028) Databook
All regional, and country reports mentioned above will have the following tables of contents
1. About this Report
1.1 Introduction
1.2 Research Methodology
1.3 Definitions
1.4 Disclaimer
2. Cement Industry Dynamics and Growth Prospects
2.1 Cement Industry Market Size and Forecast By Value, 2019 - 2028
2.2 Cement Industry Market Size and Forecast By Volume, 2019 - 2028
3. Cement Market Dynamics by type
3.1 Market Share Trend Analysis by Type of Cement, 2019 - 2028
3.2 Portland cement Market Size and Forecast, 2019 - 2028
3.3 Blended Cement Market Size and Forecast, 2019 - 2028
3.4 Speciality Cement Market Size and Forecast, 2019 - 2028
3.5 Green Cement Market Size and Forecast, 2019 - 2028
4. Blended Cement Type Demand Analysis and Outlook
4.1 Market Share Trend Analysis by Blended Cement Type, 2019 - 2028
4.2 Type IS (X), Portland-Slag Cement Market Size and Forecast, 2019 - 2028
4.3 Type IP (X), Portland-Pozzolan Cement Market Size and Forecast, 2019 - 2028
4.4 Type IL (X), Portland-Limestone Cement Market Size and Forecast, 2019 - 2028
4.5 Type IT, Ternary Blended Cement Market Size and Forecast, 2019 - 2028
5. Speciality Cement Type Demand Analysis and Outlook
5.1 Market Share Trend Analysis by Speciality Cement Type, 2019 - 2028
5.2 Rapid Hardening Cement Market Size and Forecast, 2019 - 2028
5.3 High Alumina Cement Market Size and Forecast, 2019 - 2028
5.4 White Cement Market Size and Forecast, 2019 - 2028
5.5 Sulphate Resistant Cement Market Size and Forecast, 2019 - 2028
5.6 Other Cement Market Size and Forecast, 2019 - 2028
6. Cement Dynamics and Outlook by Distribution Channel
6.1 Market Share Trend Analysis by Distribution Channel, 2019 - 2028
6.2 Direct Distribution Channel Cement Market Size and Forecast, 2019 - 2028
6.3 Indirect Distribution Channel Cement Market Size and Forecast, 2019 - 2028
7. Cement Dynamics and Outlook by Markets
7.1 Market Share Trend Analysis by Cement Markets, 2019 - 2028
7.2 Cement in Residential Market Size and Forecast, 2019 - 2028
7.3 Cement in Non-residential Market Size and Forecast, 2019 - 2028
7.4 Cement in Infrastructure & Other Markets Size and Forecast, 2019 - 2028
8. Residential Cement Market Dynamics and Outlook
8.1 Market Share Trend Analysis by Residential Cement by Construction Stage, 2019 - 2028
8.2 Renovation in Residential Market Size and Forecast, 2019 - 2028
8.3 New construction in Residential Market Size and Forecast, 2019 - 2028
9. Non-Residential Cement Market Dynamics and Outlook
9.1 Market Share Trend Analysis by Non-Residential Cement by Construction Stage, 2019 - 2028
9.2 Renovation in Non-Residential Construction Market Size and Forecast, 2019 - 2028
9.3 New construction in Non-Residential Cement Market Size and Forecast, 2019 - 2028
10. Infrastructure & Other Cement Market Dynamics and Outlook
10.1 Market Share Trend Analysis by Infrastructure & Other Cement by Construction Stage, 2019 - 2028
10.2 Renovation in Infrastructure & Other Market Size and Forecast, 2019 - 2028
10.3 New construction in Infrastructure & Other Cement Market Size and Forecast, 2019 - 2028
11. Cement Dynamics and Outlook by End-User
11.1 Market Share Trend Analysis by Cement End-User, 2019 - 2028
11.2 Ready-Mix Concrete Producers Cement Market Size and Forecast, 2019 - 2028
11.3 Consumers Cement Market Size and Forecast, 2019 - 2028
11.4 Concrete Product Manufacturers Cement Market Size and Forecast, 2019 - 2028
11.5 Others Cement Market Size and Forecast, 2019 - 2028
12. Cement Market Share by Key Players, 2023
13. Construction Cement Import and Export Analysis by Countries
13.1 Top Cement Export Destinations, 2023
13.2 Top Cement Import Destinations, 2023
This bundled offering has 46 figures across 6 regional and country reports. All regional and country reports will have the following figures:
Figure 1: Research Methodology
Figure 2: Cement - Market Size (USD Million), 2019-2028
Figure 3: Cement - Market Size (Million Tons), 2019-2028
Figure 4: Cement - Market Share Trend Analysis by Type of Cement (%), 2023
Figure 5: Portland Cement - Market Sizeby value (USD Million), 2019-2028
Figure 6: Portland Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 7: Blended Cement - Market Size by value (USD Million), 2019-2028
Figure 8: Blended Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 9: Speciality Cement - Market Size by value (USD Million), 2019-2028
Figure 10: Specialty Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 11: Green Cement - Market Size by value (USD Million), 2019-2028
Figure 12: Green Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 13: Market Share Trend Analysis by Blended Cement Type (%), 2023
Figure 14: Type IS (X), Portland-Slag Cement - Market Size (USD Million), 2019-2028
Figure 15: Type IP (X), Portland-Pozzolan Cement - Market Size (USD Million), 2019-2028
Figure 16: Type IL (X), Portland-Limestone Cement - Market Size (USD Million), 2019-2028
Figure 17: Type IT, Ternary Blended Cement- Market Size (USD Million), 2019-2028
Figure 18: Market Share Trend Analysis by Speciality Cement Type (%), 2023
Figure 19: Rapid Hardening Cement - Market Size (USD Million), 2019-2028
Figure 20: High Alumina Cement - Market Size (USD Million), 2019-2028
Figure 21: White Cement - Market Size (USD Million), 2019-2028
Figure 22: Sulphate Resistant Cement - Market Size (USD Million), 2019-2028
Figure 23: Other Cement - Market Size (USD Million), 2019-2028
Figure 24: Market Share Trend Analysis by Distribution Channel (%), 2023
Figure 25: Direct Distribution Channel Cement - Market Size (USD Million), 2019-2028
Figure 26: Indirect Distribution Channel Cement - Market Size (USD Million), 2019-2028
Figure 27: Market Share Trend Analysis by Cement Markets (%), 2023
Figure 28: Cement In Residential - Market Size (USD Million), 2019-2028
Figure 29: Cement In Non-residential - Market Size (USD Million), 2019-2028
Figure 30: Cement in Infrastructure & Other - Market Size (USD Million), 2019-2028
Figure 31: Market Share Trend Analysis by Residential Market by Construction Stage (%), 2023
Figure 32: Renovation in Residential Market Cement - Market Size (USD Million), 2019-2028
Figure 33: New Construction in Residential Cement - Market Size (USD Million), 2019-2028
Figure 34: Market Share Trend Analysis by Non-Residential Market by Construction Stage (%), 2023
Figure 35: Renovation in Non-Residential Cement - Market Size (USD Million), 2019-2028
Figure 36: New Construction in Non-Residential Cement - Market Size (USD Million), 2019-2028
Figure 37: Market Share Trend Analysis by Infrastructure & Other by Construction Stage (%), 2023
Figure 38: Renovation in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Figure 39: New Construction in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Figure 40: Market Share Trend Analysis by Cement End-User (%), 2023
Figure 41: Ready-Mix Concrete Producers Cement - Market Size (USD Million), 2019-2028
Figure 42: Consumers Cement - Market Size (USD Million), 2019-2028
Figure 43: Concrete Product Manufacturers Cement - Market Size (USD Million), 2019-2028
Figure 44: Others Cement - Market Size (USD Million), 2019-2028
Figure 45: Cement Market Share by Key Players, 2023
Figure 46: Top Cement Export Destinations, 2023
Figure 47: Top Cement Import Destinations, 2023
This bundled offering has 34 tables across 6 regional and country reports. All regional and country reports will have the following tables:
Table 1: Cement - Market Size by value (USD Million), 2019-2028
Table 2: Cement - Market Size by volume (Million Tons), 2019-2028
Table 3: Portland Cement - Market Size by value (USD Million), 2019-2028
Table 4: Portland Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 5: Blended Cement - Market Size by value (USD Million), 2019-2028
Table 6: Blended Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 7: Specialty Cement - Market Size by value (USD Million), 2019-2028
Table 8: Specialty Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 9: Green Cement - Market Size by value (USD Million), 2019-2028
Table 10: Green Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 11: Type IS (X), Portland-Slag Cement - Market Size (USD Million), 2019-2028
Table 12: Type IP (X), Portland-Pozzolan Cement - Market Size (USD Million), 2019-2028
Table 13: Type IL (X), Portland-Limestone Cement - Market Size (USD Million), 2019-2028
Table 14: Type IT, Ternary Blended Cement- Market Size (USD Million), 2019-2028
Table 15: Rapid Hardening Cement - Market Size (USD Million), 2019-2028
Table 16: High Alumina Cement - Market Size (USD Million), 2019-2028
Table 17: White Cement - Market Size (USD Million), 2019-2028
Table 18: Sulphate Resistant Cement - Market Size (USD Million), 2019-2028
Table 19: Other Cement - Market Size (USD Million), 2019-2028
Table 20: Direct Distribution Channel Cement - Market Size (USD Million), 2019-2028
Table 21: Indirect Distribution Channel Cement - Market Size (USD Million), 2019-2028
Table 22: Cement In Residential - Market Size (USD Million), 2019-2028 37
Table 23: Cement In Non-residential - Market Size (USD Million), 2019-2028
Table 24: Cement In Infrastructure & Other - Market Size (USD Million), 2019-2028
Table 25: Renovation in Residential Cement - Market Size (USD Million), 2019-2028
Table 26: New Construction in Residential Cement - Market Size (USD Million), 2019-2028
Table 27: Renovation in Non-Residential Cement - Market Size (USD Million), 2019-2028
Table 28: New Construction in Non-Residential Cement - Market Size (USD Million), 2019-2028
Table 29: Renovation in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Table 30: New Construction in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Table 31: Ready-Mix Concrete Producers Cement - Market Size (USD Million), 2019-2028
Table 32: Consumers Cement - Market Size (USD Million), 2019-2028
Table 33: Concrete Product Manufacturers Cement - Market Size (USD Million), 2019-2028
Table 34: Others Cement - Market Size (USD Million), 2019-2028