White Cement Market Size

White Cement Market Size

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.