Dublin, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The "White Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global white cement market, with a size of USD 5,565.2 million in 2022, is poised for robust growth. Market analysts anticipate it will reach USD 7,234.9 million by 2028, exhibiting a steady Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period of 2023-2028.
Key Market Insights:
What is White Cement: White cement is a construction material known for its durability and aesthetic appeal. The color of white cement depends on the quality of the raw materials, such as iron oxide and manganese oxide, and the manufacturing process. It finds wide-ranging applications in the construction industry, including swimming pools, facades, designer roofs, terrazzo flooring, pre-cast cladding panels, and transportation projects. Its ability to be cast in various shapes makes it ideal for sculptures, monuments, and archaeological site restorations.
Driving Factors:
- Housing Demand: Rapid population growth, increasing income levels, urbanization, and changing lifestyles have driven the demand for housing. The migration of rural populations to urban areas has created housing shortages, boosting the housing sector and, consequently, the demand for white cement.
- Infrastructure Development: Infrastructure projects, including roads, flyovers, and railway stations, have propelled the construction sector, increasing white cement consumption. Major events like Dubai Expo 2020 and the FIFA World Cup 2022 in Qatar have led to significant infrastructure development in the Middle East.
- Education, Healthcare, and Tourism: The construction of educational institutes, hospitals, hotels, resorts, and villas has increased due to growing requirements in the education, healthcare, and tourism sectors, contributing to market growth.
- Advancements: Advances in surface treatments and admixtures have simplified the casting of architectural white cement concrete, expanding its industrial applications.
- Traffic Safety: White cement's strong visual contrast is utilized in roadways for passive traffic safety, including median barriers that are highly visible at night and in wet conditions, enhancing overall transportation safety.
Market Segmentation:
- By Type: White Portland Cement, White Masonry Cement, Others
- White Portland cement is the most popular type, known for its high degree of whiteness and adaptability for various applications.
- By Application: Residential, Commercial, Infrastructure
- The residential sector accounts for over half of the total market due to the reflective properties of white cement, reducing lighting requirements in commercial buildings.
Regional Insights:
- Asia-Pacific: Leading the global market, Asia-Pacific experiences extensive construction activities due to rising disposable incomes, population growth, and urbanization.
Competitive Landscape:
The global white cement market is fragmented at the global level but concentrated regionally. Key players include Cementir Holding N.V., Aditya Birla (UltraTech Cement Limited), JK Cement Ltd, CEMEX, Sotacib, Ras Al Khaimah Cement Company, Federal White Cement, and Saveh Cement Company.
Key Questions Answered:
- What was the global white cement market size in 2022?
- What is the market outlook for white cement from 2023 to 2028?
- What are the major drivers of the global white cement market?
- What are the key trends in the market?
- What is the impact of COVID-19 on the white cement market?
- What is the market breakdown by type and application?
- Which regions are prominent in the white cement market?
- Who are the leading white cement manufacturers?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 147 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $5565.2 Million |
| Forecasted Market Value (USD) by 2028 | $7234.9 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/opqcxh
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