Cement Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2030

The Cement Market is segmented by End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), by Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include new construction floor area in residential, commercial, industrial and institutional sectors; existing construction floor area, infrastructure spending, and major infrastructure projects.

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Cement Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2030

Cement Market Size

Cement Market Summary
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
Market Volume (2024) 4.39 Billion Tons
Market Volume (2030) 5.96 Billion Tons
CAGR 5.24 %
Market Concentration Low

Major Players

Cement Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Cement Market with other markets in Chemicals & Materials Industry

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Cement Market Analysis

The Cement Market size is estimated at 4.39 billion Tons in 2024, and is expected to reach 5.96 billion Tons by 2030, growing at a CAGR of 5.24% during the forecast period (2024-2030).

The cement industry witnessed significant shifts in cement demand patterns throughout 2022-2023, reflecting broader economic and construction sector trends. The global cement demand experienced a notable decline of 3.83% in 2022 compared to the previous year, primarily due to reduced construction activities and floor area development across major markets. The residential sector emerged as the dominant consumer of cement worldwide, driven by the prevalence of concrete-based housing construction in most countries. This trend has been particularly pronounced in developing economies, where rapid urbanization continues to fuel housing demand. The cement industry's dynamics are increasingly influenced by government policies, economic conditions, and changing construction methodologies.


Infrastructure development remains a crucial driver of cement consumption, with significant projects being initiated across various regions. The sector has witnessed substantial government backing, exemplified by India's robust pipeline of infrastructure projects worth over $25 million as of May 2022. The construction industry's evolution is marked by increasing emphasis on modern building techniques and sustainable practices. Major infrastructure initiatives, particularly in transportation and urban development, continue to shape cement demand patterns across different regions.


Investment patterns in the construction sector have shown remarkable regional variations, with several countries announcing significant funding commitments. Saudi Arabia's recent agreements and memorandums of understanding, totaling approximately $2.66 billion, demonstrate the strong focus on establishing investment funds for commercial, tourism, and residential projects. The United Arab Emirates has shown particular dynamism in this regard, with infrastructure investments surging by 82% from 2021 to 2022. These investments reflect a broader trend of governments leveraging construction activities to stimulate economic growth and modernization.


The commercial construction sector is experiencing a notable transformation, driven by changing workplace dynamics and retail space requirements. The sector's new floor area is projected to grow at a CAGR of around 4.56% during the forecast period (2023-2030), indicating robust development activities in commercial spaces. This growth is supported by the increasing demand for modern office spaces, retail establishments, and warehousing facilities. The industry is witnessing a shift toward more sustainable and energy-efficient building practices, with many developers incorporating innovative construction technologies and materials to meet evolving environmental standards and regulatory requirements.

Segment Analysis: End Use Sector

Residential Segment in Global Cement Market

The residential sector maintains its dominant position in the global cement market, accounting for approximately 64% of total cement consumption in 2024. This substantial market share is primarily driven by the increasing urbanization rate worldwide, with the global urban population having surpassed 4 billion in recent years. The sector's prominence is further reinforced by the growing demand for affordable housing units, particularly in developing regions. Additionally, the trend toward concrete-based construction in residential buildings, especially in Asia-Pacific countries, has significantly contributed to this sector's dominance. The residential sector's strength is also evident in various government initiatives worldwide, such as housing subsidy programs and urban development projects, which continue to drive cement consumption in residential construction.

Market Analysis of Cement Market: Chart for End Use Sector

Commercial Segment in Global Cement Market

The commercial sector is emerging as the fastest-growing segment in the global cement market, with projections indicating robust growth through 2024-2029. This accelerated growth is primarily driven by the expanding demand for commercial spaces, including warehouses, offices, restaurants, and retail outlets. The sector's growth is particularly notable in Asia-Pacific, where projections indicate a requirement for approximately 1.35 billion square feet of office space in the coming years. The surge in e-commerce has also catalyzed the demand for modern warehousing facilities, while the hospitality sector's recovery has spurred hotel and restaurant construction. Furthermore, the increasing focus on sustainable and energy-efficient commercial buildings, especially in developed markets, is driving innovative cement applications in this sector.

Remaining Segments in End Use Sector

The infrastructure and industrial/institutional segments continue to play vital roles in the global cement market. The infrastructure sector remains crucial for cement consumption, particularly in developing economies where major transportation, energy, and utility projects are underway. This sector's demand is largely driven by government investments in roads, bridges, ports, and other public infrastructure projects. Meanwhile, the industrial and institutional segment maintains steady growth through the construction of manufacturing facilities, educational institutions, healthcare facilities, and other institutional buildings. Both segments are significantly influenced by government spending patterns, economic development initiatives, and the global push toward sustainable infrastructure development.

Segment Analysis: Product

Blended Cement Segment in Global Cement Market

Blended cement dominates the global cement market, commanding approximately 69% of the total market share in 2024. This significant market position is attributed to its versatility in meeting diverse requirements, such as resistance to marine corrosion, sulfate attacks, and chloride penetrations. The segment's prominence is particularly evident in the residential sector, which emerged as the largest consumer, accounting for nearly 38% of the total blended cement demand. The commercial sector has shown remarkable potential for blended cement applications, driven by increasing construction activities and the sector's emphasis on sustainable building practices. The segment's growth is further supported by its environmental benefits, as blended cement typically incorporates supplementary cement additives like fly ash and slag, reducing the overall carbon footprint of construction projects.

Fiber Cement Segment in Global Cement Market

The fiber cement segment is emerging as the most dynamic segment in the global cement market, projected to grow at approximately 6% CAGR from 2024 to 2029. This remarkable growth trajectory is primarily driven by increasing emphasis on sustainability and eco-friendly construction materials. Fiber cement's rising popularity can be attributed to its unique properties, including minimal water consumption during production and reliance on recycled materials. The segment's growth is further bolstered by its superior performance characteristics, including resistance to fire, moisture, pests, algae, and other environmental threats. The infrastructure sector, in particular, has shown strong adoption of fiber cement, especially in applications requiring high durability and strength, such as bridges, retaining walls, and tunnels.

Remaining Segments in Product Segmentation

The other significant segments in the global cement market include ordinary Portland cement (OPC), white cement, and other specialized types. OPC maintains its position as a fundamental product in the construction industry, particularly favored in infrastructure projects where specialized properties are not required. White cement, though smaller in market share, plays a crucial role in architectural and decorative applications, particularly in high-end commercial and residential projects. Other specialized cement types, including oil well cement and sulfate-resistant cement, serve specific niche applications in the construction industry, providing solutions for particular environmental conditions or technical requirements. These segments collectively contribute to the market's diversity, offering contractors and builders a comprehensive range of options for various construction needs.

Cement Market Geography Segment Analysis

Cement Market in Asia-Pacific

The Asia-Pacific region maintains its position as the dominant force in the global cement market, with a diverse mix of developed and developing economies driving demand. Countries like China, India, Japan, and South Korea lead in industrial development, while emerging economies such as Vietnam, Indonesia, and Thailand contribute significantly to regional growth. The region's rapid urbanization, extensive infrastructure development, and robust construction activities across residential, commercial, and industrial sectors continue to fuel cement consumption.

Market Analysis of Cement Market: Forecasted Growth Rate by Region

Cement Market in China

China stands as the powerhouse of cement production and consumption in Asia-Pacific, commanding approximately 50% of the regional cement market share in 2024. The country's cement industry benefits from ongoing urbanization initiatives, infrastructure development projects, and industrial expansion programs. Despite facing challenges in the real estate sector, China's cement demand remains strong, supported by government investments in transportation infrastructure, energy projects, and urban development. The country's focus on sustainable construction practices and environmental regulations has led to increased adoption of advanced cement technologies and production methods.

Cement Market in Vietnam

Vietnam emerges as the fastest-growing cement market in the Asia-Pacific region, with a projected growth rate of approximately 7% during 2024-2029. The country's cement industry is experiencing rapid transformation driven by ambitious infrastructure development plans and increasing foreign direct investment in construction projects. Vietnam's government initiatives, including new land policies and plans to construct affordable housing units, are creating substantial demand for cement products. The country's strategic location and improving port infrastructure have also positioned it as a significant cement exporter in the region.

Cement Market in Europe

Europe's cement market report demonstrates a mature yet dynamic landscape, characterized by stringent environmental regulations and a strong focus on sustainable construction practices. The region's cement industry is undergoing significant transformation with increasing emphasis on reducing carbon emissions and adopting innovative production technologies. Countries across Europe are investing in infrastructure modernization, energy-efficient buildings, and urban development projects, driving steady demand for cement products.

Cement Market in Russia

Russia dominates the European cement market, holding approximately 17% of the region's cement market share in 2024. The country's vast territory and continuous infrastructure development needs drive substantial cement consumption. Russia's cement industry benefits from extensive domestic raw material resources and a well-developed transportation network. The country's focus on large-scale infrastructure projects, including transportation networks, energy facilities, and urban development initiatives, continues to drive cement demand.

Cement Market in Spain

Spain emerges as the fastest-growing cement market in Europe, with a projected growth rate of approximately 4% during 2024-2029. The country's cement industry is experiencing renewed vigor driven by increasing construction activities across residential, commercial, and infrastructure sectors. Spain's commitment to sustainable construction practices and energy-efficient building solutions is reshaping its cement industry. The country's strategic focus on modernizing transportation infrastructure and developing smart cities is creating new opportunities for cement manufacturers.

Cement Market in Middle East and Africa

The Middle East and Africa region presents a dynamic market for cement, driven by ambitious infrastructure development plans and rapid urbanization across major economies. The region's construction sector benefits from government initiatives, infrastructure modernization programs, and increasing private sector investments. Countries in this region are focusing on developing smart cities, transportation networks, and energy infrastructure, creating sustained demand for cement products.

Cement Market in Saudi Arabia

Saudi Arabia maintains its position as the largest cement market in the Middle East and Africa region. The country's cement industry benefits from extensive government investments in infrastructure development and construction projects under various national development programs. Saudi Arabia's focus on diversifying its economy away from oil dependency has led to increased construction activities across residential, commercial, and industrial sectors. The country's ambitious urban development projects and infrastructure initiatives continue to drive substantial cement consumption.

Cement Market in United Arab Emirates

The United Arab Emirates represents the fastest-growing cement market in the Middle East and Africa region. The country's cement industry is experiencing rapid transformation driven by innovative construction projects and sustainable development initiatives. The UAE's strategic focus on developing world-class infrastructure, smart cities, and tourism facilities continues to create robust demand for cement products. The country's commitment to sustainable construction practices and green building solutions is reshaping its cement industry landscape.

Cement Market in North America

North America's cement market demonstrates a well-established industry structure with significant production capabilities and advanced distribution networks. The region's cement consumption is driven by infrastructure renewal projects, commercial construction activities, and residential development initiatives. The United States leads the regional market as the largest consumer, while Mexico emerges as the fastest-growing market. The region's focus on sustainable construction practices and infrastructure modernization continues to shape cement demand patterns across all sectors.

Cement Market in South America

South America's cement market showcases strong growth potential, supported by increasing construction activities and infrastructure development initiatives across major economies. The region's cement industry benefits from abundant raw material resources and growing investments in construction projects. Brazil dominates the regional market as both the largest and fastest-growing cement consumer, driven by its extensive infrastructure development plans and housing initiatives. The region's focus on urban development and modernization of transportation infrastructure continues to create substantial demand for cement products.

Cement Industry Overview

Top Companies in Cement Market

The global cement industry is characterized by intense innovation focused on sustainable and low-carbon products, with major players investing heavily in developing eco-friendly alternatives and carbon capture technologies. Companies are demonstrating operational agility through the digitalization of manufacturing processes and supply chain optimization to enhance efficiency and reduce costs. Strategic moves predominantly revolve around capacity expansion in high-growth markets, particularly in the Asia-Pacific and Middle East regions. Market leaders are actively pursuing vertical integration strategies to strengthen their position across the value chain, from raw material sourcing to distribution networks. Additionally, companies are increasingly focusing on research and development to introduce specialized cement products for specific applications while simultaneously working on reducing their environmental footprint through alternative fuel usage and waste heat recovery systems. This focus on innovation is crucial for maintaining market share of cement companies in a competitive landscape.

Fragmented Market with Regional Leadership Dynamics

The global cement market exhibits a partially fragmented structure with a mix of multinational conglomerates and regional specialists competing across different geographies. Chinese companies dominate the global landscape, leveraging their massive domestic market and state support to expand internationally, while European players maintain strong positions through technological leadership and premium product offerings. The industry is witnessing ongoing consolidation in the cement industry through strategic acquisitions and joint ventures, particularly in emerging markets where local knowledge and distribution networks are crucial for success.


Market dynamics are heavily influenced by regional players who maintain strong positions in their respective territories through established brand equity and distribution networks. Merger and acquisition activities are primarily driven by the need to achieve economies of scale, access new markets, and acquire technological capabilities, with a particular focus on sustainability-oriented assets. The industry also sees significant collaboration between players for sharing technological expertise and market access, especially in developing regions where regulatory and infrastructural challenges necessitate partnership approaches. This dynamic environment is a key aspect of analysis of the cement sector.

Innovation and Sustainability Drive Future Success

Success in the cement market increasingly depends on companies' ability to balance environmental sustainability with operational efficiency. Market leaders are focusing on developing proprietary technologies for carbon capture and alternative fuel usage, while simultaneously expanding their presence in high-growth markets through strategic partnerships and acquisitions. The ability to offer customized solutions for specific applications while maintaining cost competitiveness will be crucial for maintaining market share, as will the development of strong distribution networks and customer relationships.


For emerging players, the path to market share growth lies in focusing on regional specialization and niche market segments while investing in sustainable technologies. Companies must navigate increasingly stringent environmental regulations while managing the risk of substitution from alternative building materials. Success will depend on developing innovative products that meet both environmental standards and performance requirements, while building strong relationships with key stakeholders in the construction industry. The ability to adapt to local market conditions while maintaining global quality standards will be crucial for long-term success in this evolving market landscape. Addressing challenges in the cement industry will be vital for future growth and sustainability.

Cement Market Leaders

  1. Anhui Conch Cement Company Limited

  2. BBMG Corporation

  3. China National Building Material Group Corporation

  4. Heidelberg Materials

  5. Holcim

  6. *Disclaimer: Major Players sorted in no particular order
Cement Market Concentration
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Cement Market News

  • August 2023: CEMEX S.A.B. de C.V. and Synhelion SA announced a significant milestone in their joint effort to develop fully solar-driven cement production to industrially viable levels through the continuous production of clinker, the most energy-intensive part of cement manufacturing, using only solar heat.
  • August 2023: The Adani Group's subsidiary, Ambuja Cements Ltd, announced the purchase of a 57% promoter stake in Indian cement manufacturer Sanghi Industries Ltd at an enterprise value of USD 606.5 million to expand its manufacturing capacity and market presence.
  • June 2023: SIG's subsidiary PT Semen Baturaja Tbk announced to expand its cement production capacity to 3.8 million tons of cement per year through three factories in Palembang and Baturaja City, Ogan Komering Ulu (OKU) Regency, South Sumatra, Panjang, Bandar Lampung in Indonesia.

Free With This Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.

Global Cement Market
Global Cement Market
Global Cement Market
Global Cement Market

Cement Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 End Use Sector Trends​
    • 4.1.1 Commercial
    • 4.1.2 Industrial and Institutional
    • 4.1.3 Infrastructure
    • 4.1.4 Residential
  • 4.2 Major Infrastructure Projects (current And Announced)
  • 4.3 Regulatory Framework
  • 4.4 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

  • 5.1 End Use Sector
    • 5.1.1 Commercial
    • 5.1.2 Industrial and Institutional
    • 5.1.3 Infrastructure
    • 5.1.4 Residential
  • 5.2 Product
    • 5.2.1 Blended Cement
    • 5.2.2 Fiber Cement
    • 5.2.3 Ordinary Portland Cement
    • 5.2.4 White Cement
    • 5.2.5 Other Types
  • 5.3 Region
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 By Country
    • 5.3.1.1.1 Australia
    • 5.3.1.1.2 China
    • 5.3.1.1.3 India
    • 5.3.1.1.4 Indonesia
    • 5.3.1.1.5 Japan
    • 5.3.1.1.6 Malaysia
    • 5.3.1.1.7 South Korea
    • 5.3.1.1.8 Thailand
    • 5.3.1.1.9 Vietnam
    • 5.3.1.1.10 Rest of Asia-Pacific
    • 5.3.2 Europe
    • 5.3.2.1 By Country
    • 5.3.2.1.1 France
    • 5.3.2.1.2 Germany
    • 5.3.2.1.3 Italy
    • 5.3.2.1.4 Russia
    • 5.3.2.1.5 Spain
    • 5.3.2.1.6 United Kingdom
    • 5.3.2.1.7 Rest of Europe
    • 5.3.3 Middle East and Africa
    • 5.3.3.1 By Country
    • 5.3.3.1.1 Saudi Arabia
    • 5.3.3.1.2 United Arab Emirates
    • 5.3.3.1.3 Rest of Middle East and Africa
    • 5.3.4 North America
    • 5.3.4.1 By Country
    • 5.3.4.1.1 Canada
    • 5.3.4.1.2 Mexico
    • 5.3.4.1.3 United States
    • 5.3.5 South America
    • 5.3.5.1 By Country
    • 5.3.5.1.1 Argentina
    • 5.3.5.1.2 Brazil
    • 5.3.5.1.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Adani Group
    • 6.4.2 Anhui Conch Cement Company Limited
    • 6.4.3 BBMG Corporation
    • 6.4.4 CEMEX, S.A.B. de C.V.
    • 6.4.5 Cemros
    • 6.4.6 China National Building Material Group Corporation
    • 6.4.7 China Resource Cement Holdings
    • 6.4.8 CRH
    • 6.4.9 Dangote Cement Plc.
    • 6.4.10 Heidelberg Materials
    • 6.4.11 Holcim
    • 6.4.12 SIG
    • 6.4.13 TAIWAN CEMENT LTD.
    • 6.4.14 UltraTech Cement Ltd.
    • 6.4.15 Votorantim Cimentos
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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List of Tables & Figures

  1. Figure 1:  
  2. FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
  1. Figure 2:  
  2. FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
  1. Figure 3:  
  2. SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
  1. Figure 4:  
  2. FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
  1. Figure 5:  
  2. VOLUME OF CEMENT CONSUMED, TONS, GLOBAL, 2018 - 2030
  1. Figure 6:  
  2. VOLUME OF CEMENT CONSUMED BY END USE SECTOR, TONS, GLOBAL, 2018 - 2030
  1. Figure 7:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
  1. Figure 8:  
  2. VOLUME OF CEMENT CONSUMED IN COMMERCIAL SECTOR, TONS, GLOBAL, 2018 - 2030
  1. Figure 9:  
  2. VOLUME SHARE OF CEMENT CONSUMED IN COMMERCIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
  1. Figure 10:  
  2. VOLUME OF CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, TONS, GLOBAL, 2018 - 2030
  1. Figure 11:  
  2. VOLUME SHARE OF CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
  1. Figure 12:  
  2. VOLUME OF CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, TONS, GLOBAL, 2018 - 2030
  1. Figure 13:  
  2. VOLUME SHARE OF CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
  1. Figure 14:  
  2. VOLUME OF CEMENT CONSUMED IN RESIDENTIAL SECTOR, TONS, GLOBAL, 2018 - 2030
  1. Figure 15:  
  2. VOLUME SHARE OF CEMENT CONSUMED IN RESIDENTIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
  1. Figure 16:  
  2. VOLUME OF CEMENT CONSUMED BY PRODUCT, TONS, GLOBAL, 2018 - 2030
  1. Figure 17:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY PRODUCT, %, GLOBAL, 2018 VS 2023 VS 2030
  1. Figure 18:  
  2. VOLUME OF BLENDED CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
  1. Figure 19:  
  2. VOLUME SHARE OF BLENDED CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
  1. Figure 20:  
  2. VOLUME OF FIBER CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
  1. Figure 21:  
  2. VOLUME SHARE OF FIBER CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
  1. Figure 22:  
  2. VOLUME OF ORDINARY PORTLAND CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
  1. Figure 23:  
  2. VOLUME SHARE OF ORDINARY PORTLAND CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
  1. Figure 24:  
  2. VOLUME OF WHITE CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
  1. Figure 25:  
  2. VOLUME SHARE OF WHITE CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
  1. Figure 26:  
  2. VOLUME OF OTHER TYPES REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
  1. Figure 27:  
  2. VOLUME SHARE OF OTHER TYPES REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
  1. Figure 28:  
  2. VOLUME OF CEMENT CONSUMED BY REGION, TONS, GLOBAL, 2018 - 2030
  1. Figure 29:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
  1. Figure 30:  
  2. VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2018 - 2030
  1. Figure 31:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
  1. Figure 32:  
  2. VOLUME OF CEMENT CONSUMED, TONS, AUSTRALIA, 2018 - 2030
  1. Figure 33:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
  1. Figure 34:  
  2. VOLUME OF CEMENT CONSUMED, TONS, CHINA, 2018 - 2030
  1. Figure 35:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
  1. Figure 36:  
  2. VOLUME OF CEMENT CONSUMED, TONS, INDIA, 2018 - 2030
  1. Figure 37:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
  1. Figure 38:  
  2. VOLUME OF CEMENT CONSUMED, TONS, INDONESIA, 2018 - 2030
  1. Figure 39:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
  1. Figure 40:  
  2. VOLUME OF CEMENT CONSUMED, TONS, JAPAN, 2018 - 2030
  1. Figure 41:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
  1. Figure 42:  
  2. VOLUME OF CEMENT CONSUMED, TONS, MALAYSIA, 2018 - 2030
  1. Figure 43:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
  1. Figure 44:  
  2. VOLUME OF CEMENT CONSUMED, TONS, SOUTH KOREA, 2018 - 2030
  1. Figure 45:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
  1. Figure 46:  
  2. VOLUME OF CEMENT CONSUMED, TONS, THAILAND, 2018 - 2030
  1. Figure 47:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
  1. Figure 48:  
  2. VOLUME OF CEMENT CONSUMED, TONS, VIETNAM, 2018 - 2030
  1. Figure 49:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
  1. Figure 50:  
  2. VOLUME OF CEMENT CONSUMED, TONS, REST OF ASIA-PACIFIC, 2018 - 2030
  1. Figure 51:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
  1. Figure 52:  
  2. VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, EUROPE, 2018 - 2030
  1. Figure 53:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
  1. Figure 54:  
  2. VOLUME OF CEMENT CONSUMED, TONS, FRANCE, 2018 - 2030
  1. Figure 55:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
  1. Figure 56:  
  2. VOLUME OF CEMENT CONSUMED, TONS, GERMANY, 2018 - 2030
  1. Figure 57:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
  1. Figure 58:  
  2. VOLUME OF CEMENT CONSUMED, TONS, ITALY, 2018 - 2030
  1. Figure 59:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
  1. Figure 60:  
  2. VOLUME OF CEMENT CONSUMED, TONS, RUSSIA, 2018 - 2030
  1. Figure 61:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
  1. Figure 62:  
  2. VOLUME OF CEMENT CONSUMED, TONS, SPAIN, 2018 - 2030
  1. Figure 63:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
  1. Figure 64:  
  2. VOLUME OF CEMENT CONSUMED, TONS, UNITED KINGDOM, 2018 - 2030
  1. Figure 65:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
  1. Figure 66:  
  2. VOLUME OF CEMENT CONSUMED, TONS, REST OF EUROPE, 2018 - 2030
  1. Figure 67:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
  1. Figure 68:  
  2. VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, MIDDLE EAST AND AFRICA, 2018 - 2030
  1. Figure 69:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
  1. Figure 70:  
  2. VOLUME OF CEMENT CONSUMED, TONS, SAUDI ARABIA, 2018 - 2030
  1. Figure 71:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
  1. Figure 72:  
  2. VOLUME OF CEMENT CONSUMED, TONS, UNITED ARAB EMIRATES, 2018 - 2030
  1. Figure 73:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
  1. Figure 74:  
  2. VOLUME OF CEMENT CONSUMED, TONS, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
  1. Figure 75:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
  1. Figure 76:  
  2. VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2018 - 2030
  1. Figure 77:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
  1. Figure 78:  
  2. VOLUME OF CEMENT CONSUMED, TONS, CANADA, 2018 - 2030
  1. Figure 79:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
  1. Figure 80:  
  2. VOLUME OF CEMENT CONSUMED, TONS, MEXICO, 2018 - 2030
  1. Figure 81:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
  1. Figure 82:  
  2. VOLUME OF CEMENT CONSUMED, TONS, UNITED STATES, 2018 - 2030
  1. Figure 83:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
  1. Figure 84:  
  2. VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2018 - 2030
  1. Figure 85:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
  1. Figure 86:  
  2. VOLUME OF CEMENT CONSUMED, TONS, ARGENTINA, 2018 - 2030
  1. Figure 87:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
  1. Figure 88:  
  2. VOLUME OF CEMENT CONSUMED, TONS, BRAZIL, 2018 - 2030
  1. Figure 89:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
  1. Figure 90:  
  2. VOLUME OF CEMENT CONSUMED, TONS, REST OF SOUTH AMERICA, 2018 - 2030
  1. Figure 91:  
  2. VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
  1. Figure 92:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
  1. Figure 93:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
  1. Figure 94:  
  2. PRODUCTION CAPACITY SHARE OF CEMENT BY MAJOR PLAYERS, %, GLOBAL, 2022

Cement Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement are covered as segments by Product. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
End Use Sector Commercial
Industrial and Institutional
Infrastructure
Residential
Product Blended Cement
Fiber Cement
Ordinary Portland Cement
White Cement
Other Types
Region Asia-Pacific By Country Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe By Country France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East and Africa By Country Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
North America By Country Canada
Mexico
United States
South America By Country Argentina
Brazil
Rest of South America
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Market Definition

  • END-USE SECTOR - Cement consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
  • PRODUCT/APPLICATION - Under the scope of the study, the consumption of various types of cement such as ordinary portland cement, blended cement, white cement, fiber cement, etc. are considered.
Keyword Definition
Accelerator Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Adhesives Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc.
Air Entraining Admixture Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete.
Alkyd Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride.
Anchors and Grouts Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc.
Cementitious Fixing Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors.
Commercial Construction Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc.
Concrete Admixtures Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties.
Concrete Protective Coatings To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings.
Curing Compounds Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability.
Epoxy Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc.
Fiber Wrapping Systems Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets.
Flooring Resins Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic.
High-Range Water Reducer (Super Plasticizer) High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete.
Hot Melt Adhesives Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes.
Industrial and Institutional Construction Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc.
Infrastructure Construction Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc.
Injection Grouting The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration.
Liquid-Applied Waterproofing Membranes Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete.
Micro-concrete Mortars Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc.
Modified Mortars Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption.
Mold Release Agents Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others.
Polyaspartic Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments.
Polyurethane Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc.
Reactive Adhesives A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive.
Rebar Protectors In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction.
Repair and Rehabilitation Chemicals Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures.
Residential Construction Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes.
Resin Fixing The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing.
Retarder Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time.
Sealants A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action.
Sheet Waterproofing Membranes Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress.
Shrinkage Reducing Admixture Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation.
Silicone Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc.
Solvent-borne Adhesives Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers.
Surface Treatment Chemicals Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others.
Viscosity Modifier Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement.
Water Reducer Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others.
Water-borne Adhesives Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent.
Waterproofing Chemicals Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement.
Waterproofing Membranes Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water.
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Cement Market Research FAQs

What is the current Global Cement Market size?

The Global Cement Market is projected to register a CAGR of 5.24% during the forecast period (2024-2030).

Who are the key players in Global Cement Market?

Anhui Conch Cement Company Limited, BBMG Corporation, China National Building Material Group Corporation, Heidelberg Materials and Holcim are the major companies operating in the Global Cement Market.

Which segment has the biggest share in the Global Cement Market?

In the Global Cement Market, the Residential segment accounts for the largest share by end use sector.

Which region has the biggest share in the Global Cement Market?

In 2024, Asia-Pacific accounts for the largest share by region in the Global Cement Market.

What years does this Global Cement Market cover, and what was the market size in 2023?

In 2023, the Global Cement Market size was estimated at 4.39 billion. The report covers the Global Cement Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Cement Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

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Cement Market Research

Mordor Intelligence offers a comprehensive cement industry analysis through detailed research and consulting expertise in the global cement sector. Our extensive coverage includes cement consumption, cement demand, and cement production trends worldwide. The report provides an in-depth cement analysis of key segments, such as portland cement, hydraulic cement, and emerging green cement technologies. Available as an easy-to-read report PDF for download, our research examines cement industry trends and cement price trends. It also offers valuable cement industry information about manufacturing processes, cement additives, and cement raw materials.

Stakeholders benefit from our thorough cement sector analysis, which includes cement industry growth projections and cement industry challenges. The report delivers crucial insights into global cement production patterns, cement consumption metrics, and cement industry outlook forecasts. Our cement industry research covers vital aspects such as cement manufacturing processes, building materials dynamics, and construction materials developments. The analysis particularly focuses on cement industry regulations, sustainability initiatives in the green cement industry, and emerging opportunities in specialty cement segments. This provides stakeholders with actionable intelligence for informed decision-making.