Home > Pressrelease > White Cement Market size worth around $5.5 Bn by 2027
White Cement Market size worth around $5.5 Bn by 2027
- Published Date: September 1, 2021
White Cement Market size is anticipated to surpass USD 5.5 billion by 2027, according to a new research report by Global Market Insights Inc.
Rapidly growing residential construction projects in the U.S. are likely to propel the white cement industry demand. The increasing trend of using white cement in hot weather countries as white concrete surface owing to its high heat reflection capability will further augment the market growth.
The progressing construction activities coupled with increasing number of high-income groups in North America will considerably enhance the white cement market revenue. Rising usage for filling gaps in marble & tile flooring and smooth surface covering is fueling the demand. The U.S. Census Bureau estimated a total construction spending of USD 1,551.2 billion during June 2021, which increased by 8.2% from June 2020. Furthermore, in combination with colored substances, white cement offers charming colors by maintaining the strength of the structure. Increasing usages of thermal insulation by applying white Portland cement will further cater to the product adoption.
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The COVID-19 pandemic harshly impacted the industry in 2020 due to stringent government regulations, production halting, and project delaying across the globe. Economic downturn has declined the consumer spending, further impacting the market size. Moreover, high cost of white cement production as compared to general Portland cement has constrained the market in the last few years.
Browse key industry insights spread across 200 pages with 233 market data tables & 16 figures & charts from the report, “White Cement Market Size By Grade (Type 1, Type 3), By Application (Architectural, Flooring, Tile Grouting), By End-user (Residential, Commercial, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021-2027” in detail along with the table of contents:
Type III grade will drive the market share
Type III grade segment is poised to hold around 25% of the white cement market share by 2027. It is high early strength cement, fast reactive, and ground finer than type I, making it ideal for heavy traffic areas. Increasing application of chemical admixture in making of high-performance concrete for a wide variety of building construction, grouts, mortars, or repairs will spur the overall market share through 2027.
Flooring application will influence the industry size
The white cement market from flooring application registered about 15% of the revenue share in 2020 and will exhibit considerable growth in the coming years. Using white concrete mix provides durability and Sulphur resistance, allowing its extensive use in slabs for patio, garden paths, and pavement paintings. The trend of using white cement as a waterproofing material for exterior wall will significantly boost the demand.
Rising industrial activities to foster market statistics
Industrial application is forecast to witness 5% CAGR through 2027. White cement offers aesthetic appearance, durability, intense white color, and considerable strength, which are creating a scope for wide industrial applications. Moreover, lowering the lighting requirement in interior spaces will reduce the energy costs, further augmenting the market growth.
Europe to showcase considerable growth
Europe white cement market revenue is set to reach over USD 1 billion by 2027. Growing infrastructure investments coupled with economic activities in recent years will support the regional industry growth. Restoring architectural works in France, Italy, and Spain will largely increase the product demand owing to low maintenance and weather resistance.
The industry is highly competitive on account of the presence of regional and international manufacturers. Strong association between white cement producers and white cement-based product manufacturers will subsequently drive the product demand. Some of the major market leaders are JK Cement, Aditya Birla Group, Cemex, Cementir Holding, SOTACIB, Ras Al Khaimah Co., Çimsa Çimento, Saveh White Cement Co., Cementos Portland Valderrivas, Federal White Cement, etc.