The rise in development in architectural and decorative
construction industry is expected to boost the demand for white
cement globally. In addition, the rapid adoption of white cement
for cladding panels for exterior/interior walls, median barriers,
kerb stones, garden beautifying concrete products, and others
enhance the market growth.
WILMINGTON, Del., May 13, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "White Cement
Market by Type (White Portland Cement, White Masonry
Cement, Others) and End Use (Residential, Commercial, Industrial):
Global Opportunity Analysis and Industry Forecast, 2024-2033".
According to the report, the "white cement market" was valued at
$10.1 billion in 2023, and is
estimated to reach $15.2 billion by
2033, growing at a CAGR of 4.2% from 2024 to 2033.
Prime determinants of white cement market growth
The global white cement market is experiencing growth due to
several factors such as rapid demand for aesthetics in the
construction industry and rapid urbanization. However, the higher
cost of white cement hinders market growth to some extent.
Moreover, sustainable construction practices present additional
opportunities for PVC additives. In addition, ongoing innovation in
white cement technology opens further opportunities for product
diversification and market expansion. Manufacturers are
continuously developing new formulations, additives, and production
techniques to improve product performance, enhance durability, and
reduce environmental footprint. By staying at the forefront of
innovation, white cement manufacturers capitalize on emerging
trends and evolving customer preferences to drive market
growth.
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Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$10.1
billion
|
Market Size in
2033
|
$15.2
billion
|
CAGR
|
4.2 %
|
No. of Pages in
Report
|
280
|
Segments
Covered
|
Type, End Use, and
Region.
|
Regional
Scope
|
North America, Europe,
Asia-Pacific, Latin America, MEA
|
Country
Scope
|
U.S., Canada; Mexico;
Germany; UK; France; Italy; Spain; China; Japan; India; Pakistan;
South Korea; Australia; Brazil; Saudi Arabia; South Africa; Turkey;
UAE; Iran
|
Drivers
|
Rapid demand for
aesthetics in the construction industry
Rapid urbanization in
developing countries
|
Opportunity
|
Sustainable
construction practices
|
Restraint
|
High cost of white
cement
|
White Portland cement segment to
maintain its dominance by 2033.
By type, the white Portland
cement segment held the highest market share in 2023,
accounting for more than two-thirds of the global white cement
market revenue and is estimated to maintain its leadership status
throughout the forecast period. White Portland cement has aesthetic appeal and
versatility in architectural and decorative applications. Its
bright white color provides a pristine canvas for architectural
designs, enabling the creation of visually striking structures and
surfaces. Architects, designers, and builders prefer white cement
for projects where aesthetics play a crucial role, such as high-end
residential buildings, commercial spaces, and historical
restoration projects. All these factors drive the demand for the
white Portland cement segment in
the white cement market during the forecast period.
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Tables, and Figures) @
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Residential segment is expected to lead the trail by
2033.
Based on the end use, residential segment held the highest
market share in 2023, accounting for less than half of the global
white cement market revenue and is estimated to dominate during the
forecast period. White cement offers exceptional flexibility in
design, enabling the creation of bespoke features tailored to
individual preferences. Its adaptability to various finishes such
as polished, textured, or stained, allows for the realization of
diverse design concepts, ranging from minimalist to lavish. This
versatility drives creativity and innovation that empowers
architects, and designers to explore new possibilities in
residential construction and renovation projects.
Asia-Pacific is expected to
grow faster throughout the forecast period.
Based on region, Asia-Pacific
is the fastest growing region in terms of revenue in 2023
representing 4.5% of the CAGR. Rapid urbanization and
infrastructure development in Asia-Pacific region drive the demand for the
white cement during the forecast period. As countries such as
China, India, and Southeast Asian nations continue to
experience population growth and urban expansion, there is a
heightened need for high-quality construction materials such as
white cement. In addition, white cement has aesthetic appeal and
versatility that make it particularly attractive for modern
architectural designs, urban landscaping, and luxury infrastructure
projects.
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Strategies:
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Leading Market Players: -
- Cementir Holding SPA
- Çimsa Cement Industry and Trade Inc.
- JK Cement
- Cemex
- The Cementos Portland Valderrivas
- Birla White (Ultratech)
- Federal White Cement
- Saveh White Cement Co
- Adana Cement
- Saudi White Cement Co
The report provides a detailed analysis of these key players in
the global white cement market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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every data presented in the reports published by us is extracted
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