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Mexico Cement Market Size, Share, Growth, Trends, Report: By Product: Blended, Portland, Others; By End Use: Residential, Non-residential; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Mexico Cement Market Outlook
The Mexico cement market size reached around 46.9 MMT in 2023. The market is projected to grow at a CAGR of 1.1% between 2024 and 2032, reaching almost 51.8 MMT by 2032.
Key Takeaways
- Mexico produced 44 metric tonnes of cement for domestic use in 2022.
- Mexico exported 2 million metric tonnes of cement across borders in 2022.
- Non-residential construction is expected to constitute a major portion of the Mexico cement market share.
Cement exports constitute an important portion of Mexico’s trade with foreign nations. In 2022, Mexico earned $272 million in foreign exchange reserves by exporting cement to the USA ($254 million), Belize ($3.13 million), Guatemala ($5.77 million), Brazil ($1.57 million), and Nicaragua ($2.78 million).
The expansion of the construction industry in Mexico is also expected to impact the cement market favourably. The development of industrial parks due to increasing nearshoring of business operations by American firms is expected to drive the demand for strong buildings, resulting in substantial Mexico cement market growth.
In the forecast period, the rising residential construction, the introduction of government initiatives aimed at promoting infrastructural development, and rapid economic growth are expected to positively impact the Mexico market for cement.
Increasing innovations by key players are driving the Mexico cement market growth. With the growing focus on enhancing the sustainability of the construction sector, rapid urbanisation, and innovations in the construction sector, key players are attempting to develop cement with reduced carbon emissions. In February 2024, Holcim Mexico announced an investment of USD 55 million at a grinding facility at its cement plant in Macuspana, Tabasco. It is Mexico’s first plant to manufacture cement with calcinated clay, significantly lowering carbon emissions.
Market Segmentation
Mexico 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
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico cement market players are Cemex, S.A.B. de C.V., Moctezuma Corporation, GCC, S.A.B. de C.V., Buzzi S.p.A., Holcim Ltd., FORTALEZA MATERIALES, SAB DE CV, and Cooperativa La Cruz Azul, among 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 |
|
| Breakup by Region |
|
| 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 Others
9 Mexico Cement Market Overview
9.1 Key Industry Highlights
9.2 Mexico Cement Historical Market (2018-2023)
9.3 Mexico Cement Market Forecast (2024-2032)
10 Mexico 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 Mexico 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 Mexico Cement Market by Region
12.1 Baja California
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Northern Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 The Bajío
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Central Mexico
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Pacific Coast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Yucatan Peninsula
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cemex, S.A.B. de C.V.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Moctezuma Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 GCC, S.A.B. de C.V.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Buzzi S.p.A.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Holcim Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 FORTALEZA MATERIALES, SAB DE CV
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Cooperativa La Cruz Azul
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 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. Mexico Cement Market: Key Industry Highlights, 2018 and 2032
3. Mexico Cement Historical Market: Breakup by Product (MMT), 2018-2023
4. Mexico Cement Market Forecast: Breakup by Product (MMT), 2024-2032
5. Mexico Cement Historical Market: Breakup by End Use (MMT), 2018-2023
6. Mexico Cement Market Forecast: Breakup by End Use (MMT), 2024-2032
7. Mexico Cement Historical Market: Breakup by Region (MMT), 2018-2023
8. Mexico Cement Market Forecast: Breakup by Region (MMT), 2024-2032
9. Mexico Cement Market Structure
Key Questions Answered in the Report
The market was sized at nearly 46.9 MMT in 2023.
The market is projected to grow at a CAGR of 1.1% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around 51.8 MMT in 2032.
The different products in the market include blended and Portland, among others.
The different end uses of cement are residential and non-residential.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Cemex, S.A.B. de C.V., Moctezuma Corporation, GCC, S.A.B. de C.V., Buzzi S.p.A., Holcim Ltd., FORTALEZA MATERIALES, SAB DE CV, and Cooperativa La Cruz Azul, among others.
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