Market Size of Asia-Pacific White Cement Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC White Cement Market Analysis
The market for White Cement in Asia-Pacific is expected to grow at a CAGR of over 2% during the forecast period. Major factors driving the market studied are growing demand from the construction industry in Asia-Pacific and increasing demand for precast concrete. On the flipside, high production cost is the major restraint, which is expected to hinder the growth of market.
- Growing investment on infrastructure in ASEAN countries is expected to offer various lucrative opportunities for the growth of market.
- By type, the type 1 segment accounted for the largest share, owing to its properties to provide brilliant color for concrete or mortar as it is ideal for a variety of architectural projects
- By application, non-residential segment accounted for the largest share owing to increasing demand for white cement from commercial, industrial and infrastructure applications.
- By Country, China is expected to dominate the market during the forecast period.
APAC White Cement Industry Segmentation
The Asia-Pacific White Cement market report includes:
| Type | |
| Type I | |
| Type III | |
| Other Types |
| Application | |||||
| Residential | |||||
|
| Country | |
| China | |
| India | |
| Japan | |
| South Korea | |
| ASEAN Countries | |
| Rest of Asia-Pacific |
Asia-Pacific White Cement Market Size Summary
The Asia-Pacific white cement market is poised for growth, driven primarily by the burgeoning construction industry in the region and the rising demand for precast concrete. Despite the challenge of high production costs, the market is expected to benefit from significant infrastructure investments, particularly in ASEAN countries. The type 1 segment of white cement holds the largest market share due to its suitability for various architectural projects, while the non-residential application segment dominates, fueled by increasing demand from commercial, industrial, and infrastructure sectors. China is anticipated to lead the market, supported by its expansive construction activities and status as the world's largest cement manufacturer.
China's construction industry, despite a slight slowdown, continues to experience substantial growth, bolstered by government initiatives and infrastructure projects. The country's economic strategy includes significant investments in infrastructure, with plans to increase the number of airports and enhance urban infrastructure, which is expected to drive domestic white cement consumption. Similarly, India, as the second-largest cement manufacturer, is witnessing a surge in demand for white cement due to its robust infrastructure development plans. The Indonesian construction sector also contributes to the market's expansion, driven by urbanization and population growth. The market is consolidated, with major players like JK Cement Ltd, SOTACIB, India Cements Ltd, Aditya Birla Group, and Cementir Holding N.V. holding significant shares.
Asia-Pacific White Cement Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from the Construction Industry
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1.1.2 Increasing Demand for Precast Concrete
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1.2 Restraints
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1.2.1 High Production Cost
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Type I
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2.1.2 Type III
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2.1.3 Other Types
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2.2 Application
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2.2.1 Residential
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2.2.2 Non-residential
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2.2.2.1 Commercial
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2.2.2.2 Infrastructure
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2.2.2.3 Industrial/Institutional
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2.3 Country
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 ASEAN Countries
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2.3.6 Rest of Asia-Pacific
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Asia-Pacific White Cement Market Size FAQs
What is the current Asia-Pacific White Cement Market size?
The Asia-Pacific White Cement Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific White Cement Market?
JK Cement Ltd , SOTACIB, India Cements Ltd, Cementir Holding N.V. and Aditya Birla Group are the major companies operating in the Asia-Pacific White Cement Market.
