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White Cement Market size was valued at USD 3.5 billion in 2020 and is projected to witness 5.8% CAGR from 2021 to 2027. The industry demand is anticipated to cross 27,186.04 Kilo Tons by 2027. Rising disposable income and rapidly changing lifestyle have increased the need for decorative housing complexes across the world, propelling the industry growth.
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Rising demand for aesthetic construction materials such as white cement boards, panels, and other materials in decorative applications, exhibiting substantial market revenue. The growth of the construction sector in Asia Pacific and the Middle East & Africa regions has been observed over the years. The superior characteristics of white cement including moisture and heat resistance capacity will drive the industry growth. Rapid urbanization coupled with growing demand for individual housing complexes will cater to the product demand. Increasing investments in new city projects along with infrastructure developments in rail, highways, and airports are likely to create market growth opportunities
High production cost and lower strength than the ordinary grey cement are poised to limit the demand. Moreover, coronavirus pandemic has negatively impacted the industry growth impelled by suspension of manufacturing processes and delays in major construction projects. Governments have imposed lockdowns and social distancing to restrict the speared of the virus, hampering the economic activities. The declining needs from many end-user industries and disruption of supply chains across the globe squeezed the market size. However, growing residential projects in leading economies and rapid vaccination programs will significantly spur the business expansion.
Report Attribute | Details |
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Base Year: | 2020 |
White Cement Market Size in 2020: | 3,648.37 Million (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 5.8% |
2027 Value Projection: | 5,483.14 Million (USD) |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 249 |
Segments covered: | Grade, Application, End-user |
Growth Drivers: |
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Pitfalls & Challenges: |
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Type 1 grade white cement market is predicted to generate around USD 3.5 billion by 2027. Type I cement is suitable for decorative works in premium construction projects. In combination with inorganic pigments, white cement produces bright colored concretes and mortars that can be utilized for interior and exterior decorations. It has well recognized Sulphur resistance characteristics that enable wide applications including reinforced concrete building, railway, bridges, pavements, tanks, reservoirs, water pipes, and masonry units.
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The architectural application is expected to reach more than 18 million tons demand by 2027. Increasing architectural works including renovation and remolding mainly in European countries to secure old and new establishments with an aesthetic appearance will trigger the demand for white cement. Countries, such as France and Italy, are shifting their trend from steel and glass-based building to concrete structure, driving the market share. Furthermore, white cement allows less usage of artificial lights for illuminating interiors.
Commercial construction held the highest white cement market revenue share in 2020 and is forecast to register a growth rate of above 5.5% through 2027. The wide applications of white cement in structural design of high-rise buildings, commercial complexes, parking areas, warehousing facilities, etc., will fuel the industry statistics. The booming tiles demand in Asia Pacific and Europe will gradually contribute to the market growth. Dry mix industrial applications will prosper substantial consumption of white cement for tile adhesives and mortar production.
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Asia Pacific is set to capture about 40% of the market share by 2027. Countries including India, China, Malaysia, and South Korea are heavily investing in commercial infrastructure projects, driving regional product demand. For instance, the National Development and Reform Commission of China announced 26 infrastructure projects that had a massive investment of around USD 142 billion in 2019. Increasing purchasing power and rapidly growing demand for white cement-based flooring across the region will augment the market revenue.
Companies are continuously engaging in several strategies, such as mergers & acquisitions, capacity expansion, etc., to gain competitive advantages by offering quality products and better opportunities to reach customers. The key players engaged in the white cement market are
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Market, By Grade
Market, By Application
Market, By End Use
The above information is provided on a regional and country basis for the following: