The global Portland Cement market size is expected to reach close to 2.7 Billion Tons by 2029 with an annualized growth rate of 4% through the projected period
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"The Global Portland Cement Market 2019-2029 (USD Billion)")
There are two types of Portland cements, namely portland cement (OPC) & white portland cement. In addition, white Portland cement market acquires the highest market share in the global white cement market, however it is more expensive as compared to portland cement.
Major factor driving the portland cement consumption is rising demand from the infrastructure as well as construction sectors especially in developing economies. Some other factors contributing towards market’s growth include ease in availability and low cost of raw materials required while manufacturing portland cement like limestone and shale. On the other hand, manufacturing, mining and transportation of cement requires energy in large volume that results in causing air pollution. Moreover, severe exposure can result in serious health disorders including lung cancer and chemical burns.various types including Type 1, 2, 3, 4, 5, 1A, 2A, and 3A based on the different properties they exhibit including high durability and strength. Increasing demand in making concrete, stucco, mortar, and grout is expected to contribute to the demand over the next seven years
The Portland cement industry is segmented by different application and geography. The application segment of the market is led by the infrastructure & residential applications since past few years. Geographical segment of the market is dominated by Asia-Pacific region, trailed by Europe and North America. Moreover, rapid urbanization in the region will increase the demand for production as well as consumption of Portland cement. This will certainly result in driving the Portland cement market in upcoming years in Asia-Pacific region. However, Latin America is anticipated to witness moderate growth as the growth of construction & infrastructure industries would be slow in this region over the forecast period.
Key company profile in the Global Portland Cement Market Are Martin Marietta Materials, Inc., Heidelberg Cement, National Cement Company of California, American Cement Company, LLC, Holcim, Argos USA Corporation, ESSROC Cement Corporation, CNBM, Mitsubishi Cement Corporation, National Cement Company of California, Lafarge SA, Holcim, Federal White Cement, Ltd., Heidelberg, Drake Cement LLC, Salt River Materials GroupAnhui Conch, QUIKRETE Italcementi and UltraTech Cement Ltd.
In order to expand their business across the globe vendors can participate into mergers & acquisitions, collaborations as well as partnerships. Additionally, QUIKRETE offers Type I, Type II as well as Type III cements used by the construction & infrastructure industries.
Portland Cement Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2029 |
| Study Period | 2018-2029 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2029 | US$ 2.7 billion |
| Growth Rate | CAGR of 4% during 2019-2029 |
| Segment Covered | By Type, By Application, Packing Type, Region |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Martin Marietta Materials, Inc., Heidelberg Cement, National Cement Company of California, American Cement Company, LLC, Holcim, Argos USA Corporation, ESSROC Cement Corporation, CNBM, Mitsubishi Cement Corporation, National Cement Company of California, Lafarge SA, Holcim, Federal White Cement, Ltd., Heidelberg, Drake Cement LLC, Salt River Materials GroupAnhui Conch, QUIKRETE Italcementi and UltraTech Cement Ltd. |
Key segments of the Portland Cement Market
by Type, (USD Billion)
- Type 1
- Type 2
- Type 3
- Type 4
- Type 5
by Packing Type, (USD Billion)
- 10 KG
- 15 KG
- 25 KG
- Others
Application, (USD Billion)
- Residential
- Infrastructure
- Commercial
- Others
Region Overview, (USD Billion)
- North America
- United States of America
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- the Netherlands
- Poland
- Russia
- The United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Indonesia
- South Korea
- Rest of Asia-Pacific
- South America
- Argentina
- Brazil
- Peru
- Uruguay
- Rest of South America
Frequently Asked Questions (FAQ) :
The applications of the portland cement market Residential, Infrastructure, Commercial and other.
The top companies that hold the market share in portland cement market are Martin Marietta Materials, Inc., Heidelberg Cement, National Cement Company of California, American Cement Company, LLC, Holcim, Argos USA Corporation, ESSROC Cement Corporation, CNBM, Mitsubishi Cement Corporation, National Cement Company of California, Lafarge SA, Holcim, Federal White Cement, Ltd., Heidelberg, Drake Cement LLC, Salt River Materials GroupAnhui Conch, QUIKRETE Italcementi and UltraTech Cement Ltd.
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