According to the latest report by IMARC Group, titled "White Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global white cement market size reached US$ 5.3 Billion in 2019. White cement refers to a hydraulic binder that is widely used as a construction material. It is manufactured with the use of China clay and chalk or limestone in a high-temperature process. It has a distinct white color, which is defined by the quality of the raw materials used and the manufacturing process. White cement is characterized by a fine texture, excellent durability and enhanced quality while requiring low maintenance and providing an aesthetic look. It is consequently used for the construction of designer roofs and floorings, transportation projects, terrazzo floorings, precast cladding panels, and archaeological site restorations.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global White Cement Market Trends:
The global market is primarily driven by expanding residential construction due to the increasing need for housing complexes. This can be attributed to the steady migration of individuals from rural to urban areas. The market is further driven by constant infrastructural developments across the globe. The growing construction of roads, flyovers, airports and shopping malls has created an increasing demand for white cement for offering an aesthetic look to the structures. This is further facilitated by the increasing government spending on the expansion and beautification of public infrastructures. Moreover, the constant advancements in surface treatments and admixtures of white cement have expanded its applications, which is expected to create a positive outlook for the market. Other factors, such as the increasing utilization of white cement in transportation projects, are driving the market further. On account of the aforementioned factors, the market is projected to reach a value of US$ 7.2 Billion by 2025, growing at a CAGR of 5.1% during 2020-2025.
- On the basis of the product type, the market has been classified into white Portland cement, white masonry cement and others. Among these, white Portland cement represents the most popular product type.
- Based on the application, the market has been divided into the residential, commercial and infrastructure sectors, wherein the commercial sector accounts for the majority of the total market share.
- On the geographical front, Asia Pacific holds the leading position in the market. Some of the other regions include Europe, Latin America, North America, and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Cementir Holding N.V., Aditya Birla (UltraTech Cement Limited), JK Cement Ltd, CEMEX, Ç?MSA Ç?MENTO SAN. VE T?C. A.?., Sotacib, Ras Al Khaimah Cement Company, Federal White Cement and Saveh Cement Company.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter: @imarcglobal