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Colombia Cement Market Size, Share, Growth, Analysis, Trends: By Product: Blended, Portland, Others; By End Use: Residential, Non-residential; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Colombia Cement Market Outlook
The Colombia cement market size reached approximately 12.8 MMT in 2023. The market is projected to grow at a CAGR of 4.00% between 2024 and 2032, reaching a volume of around 18.2 MMT by 2032.
Key Takeaways
- In 2022, Colombia imported $6.66 million worth of Portland cement, making it the 107th largest importer globally.
- In 2022, Colombia ranked 49th in global imports of refractory cements, with imports worth $15.3M. Major sources of Colombia's imports include Brazil, Argentina, Spain, the US, and Mexico.
- PROCEMCO, the Colombian Chamber of Cement and Concrete, has set a climate goal to attain carbon neutrality in concrete by 2050, as declared by the Global Cement and Concrete Association (GCCA).
The Colombia cement market growth is driven by a rising need to enhance the sustainability in cement production, a surge in the construction of both residential and commercial properties, and supportive government regulations. Moreover, the integration of cutting-edge technology is proving to be a key factor in the development of the sector. Digital innovations like sensors, data analytics, and machine learning are becoming increasingly popular in sector. These technologies are enhancing production efficiency, facilitating real-time monitoring of manufacturing processes, enhancing product quality, and cutting down on expenses.
As per the Colombia cement market analysis, the sector is experiencing a shift towards the use of environmentally friendly materials for developing building structures, bridges, and roads. This shift is primarily driven by the increasing environmental consciousness globally and the need to reduce carbon emissions generated during cement production. To cater to the rising demand for eco-friendly construction materials and production operations, major players are now focusing on the production of green cement. This type of cement is composed of natural materials such as water, resins, and minerals. It is widely regarded as an excellent choice for green building projects, as it does not contain any harmful volatile organic compounds (VOCs) and has a lower carbon footprint compared to traditional cement.
Furthermore, market participants are making efforts to lead the way in promoting sustainability within the sector. In March 2024, Cemex Colombia revealed its intention to secure 42,900MWh/yr of renewable electricity for its Caracolita cement facility in Colima from Celsia's forthcoming 20MW solar power facility in Ibague. Once the solar plant becomes operational in 2025, this endeavour will cover a quarter of the cement plant's power requirements.
Market Segmentation
Colombia Cement Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Blended
- Portland
- Others
Market Breakup by End Use
- Residential
- Non-residential
Competitive Landscape
The market participants are implementing sustainable production methods and integrating advanced technologies to strengthen their position in the market.
- Cemex, S.A.B. de C.V.
- Holcim Ltd.
- Grupo Argos
- KOLCEM SAS
- Cementos Y Calizas De La Paz S.A.
- ALIÓN
- ULTRACEM SAS
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| 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 Market 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
7 Opportunities and Challenges in the Market
8 Latin America Cement Market Overview
8.1 Key Industry Highlights
8.2 Latin America Cement Historical Market (2018-2023)
8.3 Latin America Cement Market Forecast (2024-2032)
8.4 Latin America Cement Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Cement Market Overview
9.1 Key Industry Highlights
9.2 Colombia Cement Historical Market (2018-2023)
9.3 Colombia Cement Market Forecast (2024-2032)
10 Colombia Cement Market by Product
10.1 Blended
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Portland
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Colombia Cement Market by End Use
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Non-residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Cemex, S.A.B. de C.V.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Holcim Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Grupo Argos
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 KOLCEM SAS
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Cementos Y Calizas De La Paz S.A.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 ALIÓN
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 ULTRACEM SAS
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Cement Market: Key Industry Highlights, 2018 and 2032
2. Colombia Cement Market: Key Industry Highlights, 2018 and 2032
3. Colombia Cement Historical Market: Breakup by Product (MMT), 2018-2023
4. Colombia Cement Market Forecast: Breakup by Product (MMT), 2024-2032
5. Colombia Cement Historical Market: Breakup by End Use (MMT), 2018-2023
6. Colombia Cement Market Forecast: Breakup by End Use (MMT), 2024-2032
7. Colombia Cement Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 12.8 MMT.
The market is estimated to grow at a CAGR of 4.00% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around 18.2 MMT by 2032.
The major market drivers are the growing construction of residential buildings and the increase in government investments towards infrastructural development.
The key trends influencing the market growth include the rising adoption of environmentally friendly building materials, increasing focus on sustainable cement production, and the increasing home renovation projects.
The major products are blended, and portland, among others.
The major end users in the market are residential and non-residential.
The major players in the market are Cemex, S.A.B. de C.V., Holcim Ltd., Grupo Argos, KOLCEM SAS, Cementos Y Calizas De La Paz S.A., ALIÓN, and ULTRACEM SAS, and others.
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