White Cement Market to Grow at 6.04% CAGR by 2030
Surge in the construction of public infrastructures such as flyover, roads, railway station and monuments along with development in tourist places such as hotels, resorts and villas are expected to compliment the growth of white cement market.
The White Cement Market is expected to grow at a CAGR of 6.04% from 2021-2030, according to a new research report by Next Move Strategy Consulting
White cement is used to prepare various pastels and bright colour concretes, which are then used in various prestige construction projects and other decorative works. It is prepared using raw materials such as copper, iron, manganese, nickel and titanium, which gives it a high degree of whiteness. Due to its high blending capacity and colour consistency, white cement is a preferred choice for making sculptures, monuments, cathedral, and hotels. White cement is also used for setting marble tiles, sheathing the uneven surface of walls and floors. The increasing demand of housing development due to surging population as well as rising migration in urban areas has resulted into growing consumption of white cements. However, availability of low-cost substitutes such as tiles and plastics hampers the growth of the white cement market.
Based on type, the white cement market is segmented into white Portland cement, white masonry cement and others. Based on end use, the market is divided into residential, commercial and industrial. Based on geography the market is segmented into North America, Europe, Asia Pacific Latin America and Middle East & Africa.
Geographically, Asia Pacific holds the lion share of the global white cement market. This is attributed to factors such as rising number of housing and commercial projects, growing population and rapid urbanization in this region. On the other hand, North America is also expected to witness steady market growth during the forecast period due to increasing number of building renovation and restoration activities in this region.
According to the report, the key players of the market are Cementir Holding SPA, Çimsa Cement Industry and Trade Inc., JK Cement Ltd, The Cementos Portland Valderrivas, Birla White (Ultratech), Federal White Cement, Saveh White Cement Co., Adana Cement, and Saudi White Cement Co. The other key players include Lafargeholcim, Secil, Dyckerhoff, Royal El Minya Cement, Fars & Khuzestan Cement Co., Scg, Italcementi, Rakwhitecement.Ae, Union Cement Company, Royal White Cement, and Neyeariz White Cement Company.
Browse Through the full report, “White cement market by Type (White Portland cement, White Masonry cement, and Others) and by End Use (Residential, Commercial and Industrial)- Global Opportunity Analysis and Industry Forecast 2021-2030.
Key Insights from the Connected Logistics Market Report:
- Current emerging trends and opportunities are extensively analysed in the white cement market report.
- The forecast of the white cement market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The white cement market report- segmented by type, end use and geography.
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