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Colombia Cement Market

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.

 

Colombia Cement Market

 

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:

  • Product
  • End Use
Breakup by Product
  • Blended
  • Portland
  • Others
Breakup 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
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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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