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Global Cement Market Share, Size, Growth, Analysis, Forecast: By Type: Blended, Portland, Others; By End Use: Residential, Commercial/Institutional/Industrial, Infrastructural; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Cement Market Outlook
The global cement market size attained a value of USD 363.4 billion in the year 2022. The market is expected to grow at a CAGR of 5.4% between 2023 and 2028 to reach USD 498.23 billion by 2028.
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Cement is a basic binding constructional component which is utilised in major residential, commercial, and industrial structures. Cement is widely used in various construction projects to build strong, durable, and versatile structures which bolster the productivity of various end use sectors. Hence, the rapid expansion of industrial, institutional, and commercial sectors across the emerging economies is fuelling the world cement production 2022. In the healthcare sector, cement is witnessing heightened applications to improve the quality of hospitals and ambulatory surgical centres. The anticipated increase in standards of healthcare units is escalating the application of cement in cyclotron and patient diagnostic and treatment areas to control radiation, facilitating the growth of the market share cement industry. Growing demand for concrete to increase wall thickness for greater privacy of patients is further shaping the cement demand forecast.
Portland cement accounts for a heathy portion of the cement industry market share, owing to its increasing incorporation in urban cities to facilitate the construction of bridges, pavements, sidewalks, and reinforced concrete buildings, among others. In addition, the rising demand for cement in the construction of railway structures is contributing to the expansion of global cement market size.
In terms of end-use, the residential segment is likely to account for a decent share of the cement market share. Apart from structural applications, cement can augment the aesthetics of a residential structure by providing a smooth finish to floors, staircases, and walls. Hence, the increasing investments towards decorative applications of cement, coupled with the rising disposable income of the working population, is likely to influence the cement price forecast, leading to an expanded cement market size. Meanwhile, the increasing prevalence of natural calamities, such as earthquakes and tsunamis, is compelling various governments to emphasise more on high-quality cement and concrete to enhance the stability of roads, schools, dams and ports, and driveways, among other commercial and institutional structures. Based on the cement market analysis, major construction component manufacturers are conforming with construction regulations of various governments to expand their market reach and sales.
The market is currently being driven by increasing urban population, rising number of residential projects and increasing investments in the construction industry across the globe. This report by Expert Market Research, entitled “Global Cement Market Report and Forecast 2023-2028”, provides a comprehensive analysis for anyone who plans to foray into the cement market.
Historical industry trends for the industry have been provided from 2018-2022 and forecasts have been presented till 2028. On a regional level, China currently represents the largest market.
Properties and Applications
Cement is one of the vital commodities for emerging economies. Today, different types of the product are produced to meet different physical and chemical requirements of specific situations, such as durability and strength. The product is generally used for mass constructions, such as houses, civil works and industrial estates.
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On the basis of type, the market is divided into:
- Blended
- Portland
- Others
Based on end- use, the cement market is segmented into:
- Residential
- Commercial/Institutional/Industrial
- Infrastructural
The report also covers the regional cement markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The value chain analysis of the cement industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the industry based on Porter’s five forces model, which evaluates the level of competition in the industry by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the industry has also been provided.
This report provides an exhaustive insight for setting-up and running a cement manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Regional Analysis
As per the cement industry overview, Asia Pacific is one of the fastest growing regions in the cement market. The growth attained by Asia Pacific green cement market has been shaping the cement industry outlook 2021. Within the Asia Pacific region, the cement market in India has been witnessing upward trajectory because of the expanding cement production capacities. On the other hand, the North America cement market escalated the global cement industry outlook 2021, led by the presence of leading manufacturers of cement aggregates and ready-mixed concretes. The US cement market is expected to be propelled by strong supply chains of cement due to large supplies of limestone, and gypsum, among other raw materials in areas like Alpena.
Africa and Europe are the regions which have picked up a steady growth, fuelled by the growing research and innovations by the market players aimed towards reducing the carbon footprint in the construction sector while sustaining the volume of production. The Europe cement market is likely to witness a spearheaded production of viable cement options with reduced emissions in the coming years. Meanwhile, strong economic growth of East African nations such as Rwanda and Uganda are bolstering the East Africa cement market growth. The construction sector across countries like Kenya have heavily contributed towards the nation’s GDP. Over the forecast period, strong urban development and expanded growth opportunities for white cement, across countries like Tanzania, is likely to boost the growth of East Africa white cement market. Meanwhile, Algeria is expected to have a strong role in the North Africa cement market.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global cement market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Holcim Limited
- China National Building Material Group Co., Ltd.
- Ultratech Cement Limited
- Grasim Industries Limited
- HeidelbergCement AG
- The Siam Cement Group
- Shree Cement Limited
- CRH plc
- CEMEX S.A.B. de C.V.
- Adani Group
- Buzzi Unicem SpA
- Titan Cement International SA
- Others
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants of the cement industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
|
| Breakup by Type |
|
| Breakup by End-Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cement Market Analysis
8.1 Key Industry Highlights
8.2 Global Cement Historical Market (2018-2022)
8.3 Global Cement Market Forecast (2023-2028)
8.4 Global Cement Market by Type
8.4.1 Blended
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Portland
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Cement Market by End-Use
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial/Institutional/Industrial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Infrastructural
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Cement Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Cement Market Analysis
9.1 Market by Type
9.2 Market by End-Use
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market Share
9.3.1.2 Historical Trend (2018-2022)
9.3.1.3 Forecast Trend (2023-2028)
9.3.2 Canada
9.3.2.1 Market Share
9.3.2.2 Historical Trend (2018-2022)
9.3.2.3 Forecast Trend (2023-2028)
10 Europe Cement Market Analysis
10.1 Market by Type
10.2 Market by End-Use
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market Share
10.3.1.2 Historical Trend (2018-2022)
10.3.1.3 Forecast Trend (2023-2028)
10.3.2 Germany
10.3.2.1 Market Share
10.3.2.2 Historical Trend (2018-2022)
10.3.2.3 Forecast Trend (2023-2028)
10.3.3 France
10.3.3.1 Market Share
10.3.3.2 Historical Trend (2018-2022)
10.3.3.3 Forecast Trend (2023-2028)
10.3.4 Italy
10.3.4.1 Market Share
10.3.4.2 Historical Trend (2018-2022)
10.3.4.3 Forecast Trend (2023-2028)
10.3.5 Others
11 Asia Pacific Cement Market Analysis
11.1 Market by Type
11.2 Market by End-Use
11.3 Market by Country
11.3.1 China
11.3.1.1 Market Share
11.3.1.2 Historical Trend (2018-2022)
11.3.1.3 Forecast Trend (2023-2028)
11.3.2 Japan
11.3.2.1 Market Share
11.3.2.2 Historical Trend (2018-2022)
11.3.2.3 Forecast Trend (2023-2028)
11.3.3 India
11.3.3.1 Market Share
11.3.3.2 Historical Trend (2018-2022)
11.3.3.3 Forecast Trend (2023-2028)
11.3.4 ASEAN
11.3.4.1 Market Share
11.3.4.2 Historical Trend (2018-2022)
11.3.4.3 Forecast Trend (2023-2028)
11.3.5 South Korea
11.3.5.1 Market Share
11.3.5.2 Historical Trend (2018-2022)
11.3.5.3 Forecast Trend (2023-2028)
11.3.6 Australia
11.3.6.1 Market Share
11.3.6.2 Historical Trend (2018-2022)
11.3.6.3 Forecast Trend (2023-2028)
11.3.7 Others
12 Latin America Cement Market Analysis
12.1 Market by Type
12.2 Market by End-Use
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Market Share
12.3.1.2 Historical Trend (2018-2022)
12.3.1.3 Forecast Trend (2023-2028)
12.3.2 Argentina
12.3.2.1 Market Share
12.3.2.2 Historical Trend (2018-2022)
12.3.2.3 Forecast Trend (2023-2028)
12.3.3 Mexico
12.3.3.1 Market Share
12.3.3.2 Historical Trend (2018-2022)
12.3.3.3 Forecast Trend (2023-2028)
12.3.4 Others
13 Middle East and Africa Cement Market Analysis
13.1 Market by Type
13.2 Market by End-Use
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market Share
13.3.1.2 Historical Trend (2018-2022)
13.3.1.3 Forecast Trend (2023-2028)
13.3.2 United Arab Emirates
13.3.2.1 Market Share
13.3.2.2 Historical Trend (2018-2022)
13.3.2.3 Forecast Trend (2023-2028)
13.3.3 Nigeria
13.3.3.1 Market Share
13.3.3.2 Historical Trend (2018-2022)
13.3.3.3 Forecast Trend (2023-2028)
13.3.4 South Africa
13.3.4.1 Market Share
13.3.4.2 Historical Trend (2018-2022)
13.3.4.3 Forecast Trend (2023-2028)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 2523)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Manufacturing Process
19 Project Requirements and Costs Involved
19.1 Land Requirements and Expenditures
19.2 Construction Requirements and Expenditures
19.3 Plant Machinery
19.4 Raw Material Requirements and Expenditures
19.5 Packaging Requirements and Expenditures
19.6 Transportation Requirements and Expenditures
19.7 Utility Requirements and Expenditures
19.8 Manpower Requirements and Expenditures
19.9 Other Capital Investments
20 Project Economics
20.1 Capital Cost of the Project
20.2 Techno-Economic Parameters
20.3 Product Pricing and Margins Across Various Levels of the Supply Chain
20.4 Taxation and Depreciation
20.5 Income Projections
20.6 Expenditure Projections
20.7 Financial Analysis
20.8 Profit Analysis
21 Competitive Landscape
21.1 Market Structure
21.2 Company Profiles
21.2.1 Holcim Limited
21.2.1.1 Company Overview
21.2.1.2 Product Portfolio
21.2.1.3 Demographic Reach and Achievements
21.2.1.4 Certifications
21.2.2 China National Building Material Group Co., Ltd.
21.2.2.1 Company Overview
21.2.2.2 Product Portfolio
21.2.2.3 Demographic Reach and Achievements
21.2.2.4 Certifications
21.2.3 Ultratech Cement Limited
21.2.3.1 Company Overview
21.2.3.2 Product Portfolio
21.2.3.3 Demographic Reach and Achievements
21.2.3.4 Certifications
21.2.4 Grasim Industries Limited
21.2.4.1 Company Overview
21.2.4.2 Product Portfolio
21.2.4.3 Demographic Reach and Achievements
21.2.4.4 Certifications
21.2.5 HeidelbergCement AG
21.2.5.1 Company Overview
21.2.5.2 Product Portfolio
21.2.5.3 Demographic Reach and Achievements
21.2.5.4 Certifications
21.2.6 The Siam Cement Group
21.2.6.1 Company Overview
21.2.6.2 Product Portfolio
21.2.6.3 Demographic Reach and Achievements
21.2.6.4 Certifications
21.2.7 Shree Cement Limited
21.2.7.1 Company Overview
21.2.7.2 Product Portfolio
21.2.7.3 Demographic Reach and Achievements
21.2.7.4 Certifications
21.2.8 CRH plc
21.2.8.1 Company Overview
21.2.8.2 Product Portfolio
21.2.8.3 Demographic Reach and Achievements
21.2.8.4 Certifications
21.2.9 CEMEX S.A.B. de C.V.
21.2.9.1 Company Overview
21.2.9.2 Product Portfolio
21.2.9.3 Demographic Reach and Achievements
21.2.9.4 Certifications
21.2.10 Adani Group
21.2.10.1 Company Overview
21.2.10.2 Product Portfolio
21.2.10.3 Demographic Reach and Achievements
21.2.10.4 Certifications
21.2.11 Buzzi Unicem SpA
21.2.11.1 Company Overview
21.2.11.2 Product Portfolio
21.2.11.3 Demographic Reach and Achievements
21.2.11.4 Certifications
21.2.12 Titan Cement International SA
21.2.12.1 Company Overview
21.2.12.2 Product Portfolio
21.2.12.3 Demographic Reach and Achievements
21.2.12.4 Certifications
21.2.13 Others
22 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cement Market: Key Industry Highlights, 2018 and 2028
2. Global Cement Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Cement Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Cement Historical Market: Breakup by End-Use (USD Million), 2018-2022
5. Global Cement Market Forecast: Breakup by End-Use (USD Million), 2023-2028
6. Global Cement Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Cement Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Cement Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Cement Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Cement Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Cement Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Cement Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Cement Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Cement Market Structure
Key Questions Answered in the Report
The market reached a value of USD 363.4 billion in 2022.
The market is estimated to grow at a CAGR of 5.4% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 498.23 billion by 2028.
The increasing application of cement across residential and commercial construction projects, growing demand for high-quality cement to ensure safety during outbreak of natural calamities, and rapid development of healthcare units are the major drivers of the market.
The key trends in the market include the growing emphasis of various governments towards developing high-quality cement infrastructure, and rising investments aimed towards developing energy efficient cement with reduced carbo footprint.
Blended, and Portland, among others are the different types of cement in the market.
Residential, commercial/institutional/industrial, and infrastructural are the different end-uses in the market.
Cement is made up of chemical aggregates such as calcium, silicon, aluminium, and limestone, among others.
Concrete is made up of various raw materials among which cement is a critical one.
Holcim Limited, China National Building Material Group Co., Ltd., Ultratech Cement Limited, Grasim Industries Limited, HeidelbergCement AG, The Siam Cement Group, Shree Cement Limited, CRH plc, CEMEX S.A.B. de C.V., Adani Group, Buzzi Unicem SpA, and Titan Cement International SA, among others, are the key market players, according to the report.
Analyst Review
The global cement market attained a value of USD 363.4 billion in the year 2022, driven by the rising demand from the construction sector. The market is expected to grow in the forecast period of 2023-2028 at a CAGR of 5.4%. Aided by the rising infrastructural projects, the market is expected to reach USD 498.23 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the global cement market is segmented into blended, and Portland, among others. On the basis of end-use, the market is divided into commercial/institutional/industrial, and infrastructural. The major regional markets for cement are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Holcim Limited, China National Building Material Group Co., Ltd., Ultratech Cement Limited, Grasim Industries Limited, HeidelbergCement AG, The Siam Cement Group, Shree Cement Limited, CRH plc, CEMEX S.A.B. de C.V., Adani Group, Buzzi Unicem SpA, and Titan Cement International SA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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