Global White Cement Market Overview
The key driver impacting the White cement market is the expanding construction industry in Asia-Pacific. The construction industry across Asia Pacific region is majorly driven by two developing countries India and China. For instance, The India Brand Equity Foundation estimation reveals that the Indian construction industry is expected to record a CAGR of 15.7% by 2022. As a result, it would reach $738.5 bn by 2022 and will likely become the third-largest construction market globally. The Construction industry in India comprises Urban development and Real estate segment. Similarly, the Chinese construction sector is proliferating, and it grew by 4.5% in 2018, up from 3.5% in 2017. The Council on Tall Buildings and Urban Habitat (CTBUH's) report shows that, China has a substantial number of super-tall buildings across the globe with 68 completed projects. China accounts for about 61.5% of new buildings reported in the CTBUH's 2018 report. The growing construction sector across India and China is expected to create huge market demand in the coming years. Moreover, the rising substitution of grey cement due to superior characteristics contributes to the white cement market demand in the coming years. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global White Cement market size was valued at about USD 7500 million in 2020 and is estimated to grow at a CAGR of around 4% during the forecast period.
The growing demand in residential and commercial buildings for specialty applications where high strength or certain aesthetic impression, chemical purity, and high compatibility with other components is essential is likely to augment the market demand in the forecast period. However, high cost of production might obstruct the market in the coming years. In addition, the inappropriateness of heavy construction projects like bridges and buildings is negatively impacting market demand. Nonetheless, the industry trends, such as the Increasing focus on innovation and artistic and aesthetic senses in architecture, are expected to offer several beneficial market opportunities to the key players.
The white cement market is vast, with many local and global players. The white cement market is widespread, with many local and global players. The market leaders follow various strategies like amalgamation, extending product portfolio, contracts, acquisitions, new product launch to expand their customer base in the market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. For instance, in May 2019, J.K. Cement launched J.K. Cement ShieldMaxX. It is a white cement-based universal water-proof putty. It was launched across Bihar, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Jharkhand, and West Bengal. The prominent players included in the report are Çimsa Cement Industry and Trade Inc., Cementir Holding SPA, JK Cement, The Cementos Portland Valderrivas, Cemex, Adana Cement, and Saudi White Cement Co Birla White (Ultratech), Saveh White Cement Co., Federal White Cement, Adana, Union Cement Company, Royal White Cement, Aditya Birla, and Neyeariz White Cement Company.
In this research report, the White Cement market is segmented by type, end-uses, and region.
Analysis by Type:
By type, the report is categorized into white portland cement, white masonry cement, and others. The white Portland cement segment dominates the type segment with over 35% share in 2020. Due to the rising utilization of white Portland cement and white aggregates to produce white concrete for decorative work and construction projects and decorative work. Moreover, white portland cement is also a blend of inorganic pigments to create brightly colored concretes and mortars, contributes to the growth of the white portland cement segment in the forecast period.
Analysis by End-Users:
By end-users, the report is categorized into residential, commercial, and industrial. The residential segment dominates the end-user segment with over 40% share in 2020. It is due to the rise of residential construction activities owing to increasing population and urbanization. Moreover, the growing usage of white cement to give charm and decorate the surface areas of the residential building contributes to the growth of the residential segment in the forecast period.
Analysis by Region:
In the regional outlook of the global White Cement market, the Asia Pacific region is expected to hold the second-largest market share of around 35% in the forecast period. It is due to the increasing building & construction expenditures enhancing the demand for white cement in housing and commercial projects across India and China. Moreover, the rapidly growing real estate construction center due to rising population and urbanization and high government spending in enhancing the infrastructure contribute to the tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Type
- White Portland Cement
- White Masonry Cement
- Others
By End-Users
- Residential
- Commercial
- Industrial
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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