United States 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

The cement industry in United States is expected to grow by 3.5% on an annual basis to reach US$ 9.64 billion in 2024.

The United States cement market is expected to record steady growth over the medium term. Innovation is growing rapidly in the sector, with government funding programs being launched for the decarbonization of the cement industry. The Department of Energy, for instance, has announced funding of over US$1.2 billion for four member companies of the Portland Cement Association (PCA).

Fortera, a cement manufacturer based in California, has developed a new technology to capture CO2 emissions from the kilns used in cement production. Holcim US, in April 2024, announced an investment of US$20.5 million for expanding low-carbon cement capacity. Overall, the publisher maintains a positive growth outlook for the cement industry in the United States over the next three to four years.

The Department of Energy grants more than US$1.2 billion for decarbonization of cement industry

The United States Department of Energy has announced, in March 2024, funding of over US$1.2 billion for four member companies of the Portland Cement Association (PCA). This financial support, derived from the Biden Administration’s Bipartisan Infrastructure Law and the Inflation Reduction Act (IRA), is designed to help decarbonize challenging industries. This initiative is part of a broader effort to invest US$6 billion into reducing greenhouse gas (GHG) emissions within the industrial sector.

• Heidelberg Materials US, Inc. has been awarded up to US$500 million. The Mitchell Cement Plant Decarbonization Project aims to develop and manage an integrated carbon capture, transport, and storage system at Heidelberg’s newly upgraded facility in Mitchell, Indiana. This initiative will capture at least 95% of the carbon dioxide emissions, storing the CO2 in a geological formation beneath the plant. Expected to prevent 2 million tons of carbon dioxide annually from entering the atmosphere, the project provides a model for decarbonizing existing cement plants in the United States.
• National Cement Company of California, Inc. has also been awarded up to US$500 million. The Lebec Net Zero Cement Plant Project intends to achieve carbon-neutral cement production at its Lebec, California facility. By utilizing locally sourced biomass, such as pistachio shells, instead of fossil fuels, and replacing traditional clinker with calcined clay to produce limestone calcined clay cement, the project aims to significantly reduce carbon emissions. Furthermore, the plant will capture and seize approximately 950,000 tons of CO2 each year, demonstrating an effective strategy for reducing carbon emissions in the cement industry.

Summit Materials, Inc. has also received US$215.6 million for the cement decarbonization project, whereas Roanoke Cement has been awarded US$61.7 million. This funding is expected to expedite the decarbonization efforts in the cement industry in the United States over the medium term.

US-based firm develops cement making method aimed at reducing carbon during production process

Fortera, a cement manufacturer based in California, has developed a new technology to capture CO2 emissions from the kilns used in cement production. This captured CO2 is converted into a solid material and then reused in the concrete-making process.

• Initially, Fortera's method is expected to cut CO2 emissions by around 10%. The first batch of this lower-CO2 concrete will be made at a CalPortland plant in Redding, California, and is expected to be available in May 2024.

This initiative is part of a broader industry effort to minimize the environmental impact of concrete. Government, including Vancouver and British Columbia, has set guidelines encouraging the production of lower-CO2 concrete. California has also passed a law requiring its Air Resources Board to create plans for reducing CO2 emissions in the cement industry, with goals of a 40% reduction by 2035 and achieving net zero by 2,045.

Firms are expanding low-carbon cement capacity through increased investment in the United States

Holcim US, in April 2024, announced an investment of US$20.5 million. This is part of its strategy to make cement abundantly available in the Midwest area for residential, commercial, and industrial developments.

The new 116-foot cement storage dome that has been added in Fremont, Nebraska, seeks to drive up the capacity for Holcim’s low-carbon ECOPlanet cement. This has been used in notable projects like the Seattle Spheres. Located on 25 acres, the dome can store up to 50,000 tons of cement. The Fremont storage dome allows Holcim to meet the Nebraska Department of Transportation's requirements for blended cement, utilizing the state's natural aggregate. The cement, blended and distributed at the Fremont terminal, includes natural pozzolan, a binding agent that results in a lower-carbon product compared to traditional Portland cement.

The medium to long term growth story in country remains intact. The cement industry in country 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 3.6% during 2024-2028. The cement output in the country is expected to increase from US$ 9.31 billion in 2023 to reach US$ 11.10 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 United States, 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.

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.

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

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

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

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

United States 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

United States Cement Market by type of Specialty Cement, 2019-2028

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

United States Cement Market by Key Markets, 2019-2028

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

United States Cement Market by Distribution Channel, 2019-2028

• Direct Channel
• Indirect Channel

United States Cement Market by End-User, 2019-2028

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

United States Cement Market Share by Key Players, 2023

United States Cement Market Top Import Destinations, 2023

United States Cement Market Top Export Destinations, 2023

Reasons to buy

• 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.