The cement industry in Global is expected to grow by 3.3% on an annual basis to reach US$ 354.05 billion in 2024.
The global cement market is expected to record steady growth over the medium term. Asia Pacific is expected to lead the industry growth, with higher spending on infrastructure projects in markets like India and other Southeast Asian markets. As a result, producers are expected to increase their investment in production capacity expansion plan over the next three to four years.
Innovation is also fast-growing in the global cement market. To reduce carbon emission during the cement-making process and offer sustainable alternative, several innovative startups are emerging in the global market. Fortera, for instance, has developed a technology that reduces carbon dioxide in the making of cement. Overall, the publisher maintains a positive growth outlook for the industry over the next three to four years.
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. In Peru, too, cement consumption is expected to increase on the back of higher spending on infrastructure projects.
Other markets like India are also expected to experience a surge in cement consumption over the next few years. The government has been consistently spending on infrastructure projects and this trend is projected to continue further in 2024. As a result, several cement producers are also expanding their production capacities. This includes sector leaders like UltraTech Cement and JK Cement.
The medium to long term growth story in global growth remains intact. The cement industry 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 2.9% during 2024-2028. The cement output in the country is expected to increase from US$ 342.87 billion in 2023 to reach US$ 397.00 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.
In addition, it also provides market size of the cement products and its demand analysis at regional and country level. With over 50+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.
The global cement market is expected to record steady growth over the medium term. Asia Pacific is expected to lead the industry growth, with higher spending on infrastructure projects in markets like India and other Southeast Asian markets. As a result, producers are expected to increase their investment in production capacity expansion plan over the next three to four years.
Innovation is also fast-growing in the global cement market. To reduce carbon emission during the cement-making process and offer sustainable alternative, several innovative startups are emerging in the global market. Fortera, for instance, has developed a technology that reduces carbon dioxide in the making of cement. Overall, the publisher maintains a positive growth outlook for the industry over the next three to four years.
Cement consumption is expected to increase across different global markets on the back of infrastructure spending
Cement consumption is expected to increase significantly over the medium term. The projection is based on the advances in infrastructure projects in markets like Vietnam, Brazil, and Peru. In Vietnam, the government has adopted measures like spending increasingly on key transport infrastructure projects and approval of many industrial and urban infrastructures.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. In Peru, too, cement consumption is expected to increase on the back of higher spending on infrastructure projects.
Other markets like India are also expected to experience a surge in cement consumption over the next few years. The government has been consistently spending on infrastructure projects and this trend is projected to continue further in 2024. As a result, several cement producers are also expanding their production capacities. This includes sector leaders like UltraTech Cement and JK Cement.
Global startups are driving innovation in the cement industry in 2024
To reduce carbon emission during the cement-making process and offer sustainable alternative, several innovative startups are emerging in the global market. From Europe to North America, these startups are coming up with technology that reduces carbon dioxide in the making of cement.- Fortera, the United States-based startup, has developed a technology that reduces carbon dioxide in the making of cement. This technology captures carbon dioxide emissions from the kilns used in cement production and recycles it to produce more cement. Fortera is introducing its technology at a CalPortland facility in Redding, California, one of the largest cement plants in the western United States. This will be Fortera's first commercial-scale implementation of their innovative approach.
- Sweden-based Cemvision also offers a sustainable alternative to traditional Portland cement, slashing CO2 emissions by over 95% while maintaining durability and performance. The cement is made from recycled industrial waste and uses green electricity to power kilns at much lower temperatures. Furthermore, Cemvision’s cement develops early strength up to five times faster than Portland cement, enhancing productivity.
Global building material firms are acquiring Australian cement producers to strengthen their position in the market
CRH, the Ireland-based global building materials solutions provider, acquired Australian firm Adbri in February 2024. The deal is in partnership with Barro Group, which already controlled 43% of Adbri at the time of the acquisition announcement. CRH, notably, also held 4.6% in the firm and post-acquisition has a 57% stake in Adbri. The firm acquired around 53% stake in Adbri for A$1.1 billion.- Adbri is one of the leading building materials firms in Australia. The firm has more than 200 plants and facilities across the nation. The acquisition will enable CRH to further expand its presence in the Australian market, where the firm has been operational for 15 years.
- The acquisition comes after Saint-Gobain agreed to acquire all outstanding shares of CSR in February 2024. CSR is another Australian manufacturer and supplier of building products, including cement. With this deal, Saint-Gobain is also seeking to strengthen its position in the Australian construction industry over the next few years.
The medium to long term growth story in global growth remains intact. The cement industry is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 2.9% during 2024-2028. The cement output in the country is expected to increase from US$ 342.87 billion in 2023 to reach US$ 397.00 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.
This title is a bundled offering, combining the following 21 reports (1,716 tables and 2,240 charts):
- Global Report - Global Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 1 - Argentina Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 2 - Australia Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 3 - Brazil Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 4 - Canada Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 5 - China Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 6 - France Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 7 - Germany Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 8 - India Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 9 - Indonesia Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 10 - Italy Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 11 - Kenya Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 12 - Mexico Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 13 - Nigeria Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 14 - Philippines Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 15 - Russia Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 16 - South Africa Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 17 - Thailand Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 18 - United Arab Emirates Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 19 - United Kingdom Cement Business and Investment Opportunities (2018-2028) Databook
- Country Report 20 - United States 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. 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 21 reports (660+ tables and 2240 charts):
1. About this Report
2. Cement Industry Dynamics and Growth Prospects
3. Cement Market Dynamics by type
4. Blended Cement Type Demand Analysis and Outlook
5. Speciality Cement Type Demand Analysis and Outlook
6. Cement Dynamics and Outlook by Distribution Channel
7. Cement Dynamics and Outlook by Markets
8. Residential Cement Market Dynamics and Outlook
9. Non-Residential Cement Market Dynamics and Outlook
10. Infrastructure & Other Cement Market Dynamics and Outlook
11. Cement Dynamics and Outlook by End-User
13. Construction Cement Import and Export Analysis by Countries
This bundled offering has 46 figures across 21 regional and country reports. All regional and country reports will have the following figures:
This bundled offering has 34 tables across 21 regional and country reports. All regional and country reports will have the following tables:
