White Cement Market to Cross US$ 13 Billion at a CAGR of 6.5% by 2033: Fact.MR Report
Rapid Growth of Construction Industry Worldwide Driving Demand for White Cement-based Products
Rockville , Sept. 26, 2023 (GLOBE NEWSWIRE) -- As revealed by a new study by Fact.MR, a provider of market research and competitive intelligence, the global *White Cement Market* is projected to reach a value of US$ 13 billion by the end of 2033, expanding at a CAGR of 6.5% over the next ten years (2023 to 2033).
Portland cement comes in both gray and white varieties. However, white cement differs from gray cement in terms of color, fineness, strength, and usability. The same procedure is used to make white and gray cement, although the basic components are different. Because every 0.1% increase in iron oxide reduces cement reflectivity by 2.5%, resulting in darker cement, the iron oxide and iron sulfate content in limestone is kept as low as feasible.
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*Report Attributes* *Details*
Forecast Period 2023 – 2033
Value Projection (2033) US$ 13 Billion
Growth Rate (2023-2033) 6.5% CAGR
No. of Pages 170 pages
No. of Tables 80 Tables
No. of Figures 219 FiguresTo streamline the process and produce high-quality white cement for consumers, all steps in the manufacturing of white cement require the use of industrial equipment. White cement is favored over gray cement due to its aesthetic appeal and its ability to reflect heat. White cement is similar to regular Portland gray cement, but with a different manufacturing process that gives the former type its white color.
The market for white cement is expanding due to a high demand for aesthetics in the construction sector. Rapid expansion in the building industry in the countries of Asia Pacific is pushing demand for supplies such as white cement boards, panels, and cladding materials. Increased demand for aesthetic applications prompts the expansion of the worldwide white cement market, demonstrating how it is a vital component of modern construction. White cement is used extensively in the finishing of interior and exterior walls.
*Key Takeaways from Market Study*
· The global white cement market is valued at US$ 6.8 billion in 2023.
· Worldwide demand for white cement is projected to rise at a CAGR of 6.5% from 2023 to 2033.
· The market is estimated to touch US$ 13 billion by the end of 2033.
· Type III cement is set to account for a market share of 25% in 2023.
· The commercial segment is projected to advance at 5.4% CAGR during the forecast period.
· Asia Pacific is forecasted to occupy a market share of 40% in 2023.
· The flooring application segment is projected to account for a market share of 15% in 2023.
· India's white cement market is predicted to expand at a CAGR of 12% from 2023 to 2033.
*“**Global demand for white cement is rising as a result of expanding infrastructure projects such as the construction of roads, flyovers, railroad stations, and monuments. Additionally, an increasing population, higher standards of living, and rising urbanization have raised the need for home development, which has fueled the expansion of the construction industry. This has led to an increase in the demand for construction materials such as cladding and white cement panels,” *says a Fact.MR analyst.
*Key Segments of White Cement Industry Research Report*
*By Type* *By Application* *By Product* *By End User*
· Type I Cement
· Type III Cement
· Architectural
· Flooring
· Tile Grouting
· White Portland Cement
· White Masonry Cement
· Others
· Residential
· Commercial
· Infrastructure
· Industrial & Institutional
*
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*Market Competition *
Several major competitors are contending for dominance in the white cement market, which is characterized by intense competition. These businesses compete on the basis of elements including product quality, innovation, global reach, and distribution networks.
· In April 2022, UltraTech Cement Limited, a company specializing in the production of cement and concrete products, completed the acquisition of Ras Al Khaimah Cement for a total sum of US$ 101.1 million. This strategic move enables UltraTech to enhance its cement manufacturing capacity, broaden its product range, and expand its market presence in the Middle East.
*Key Companies Profiled *
· Saudi White Cement Company
· HOLCIM
· J.K. Cement Ltd.
· Cementir Holding N.V.
· Royal White Cement
· Aditya Birla (Grasim Industries Limited)
· CIMSA
*More Valuable Insights* *on Offer*
Fact.MR, in its new offering, presents an unbiased analysis of the global white cement market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.
The study divulges essential insights into the market based on type (type I cement, type III cement), product (white Portland cement, white masonry cement, others), application (architectural, flooring, tile grouting), and end user (residential, commercial, infrastructure, industrial & institutional), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
*Checkout More Related Studies Published by Fact.MR Research:*
*Low Carbon Cement Market**:* A newly-published industry analysis on the low carbon cement market shows that the global market experienced year-on-year (YoY) growth of 5.2% in 2021 to reach US$ 1.5 billion.
*Portland Cement Market**:* The global Portland cement market size is valued at US$ 4.37 billion in 2023. Worldwide demand for portland cement is predicted to rise at a CAGR of 4.7% and reach a valuation of US$ 6.92 billion by 2033-end.
*Rubber Cement Market**:* According to latest research by Fact.MR, rubber cement market is set to witness steady growth during 2021-2031. Demand for rubber cement will witness growth in coming years, owing to increase in awareness about rubber cement globally.
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