Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "United Kingdom White Cement Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering.
The United Kingdom white cement market is poised for substantial growth, with an anticipated compound annual growth rate (CAGR) of 4.41% during the forecasted period of 2023 to 2028. This market expansion is primarily driven by the escalating construction sector within the region, with projections showcasing an increase from 798.55 kilotons to 990.86 kilotons over five years.
Insights into the UK White Cement Growth Trajectory
Post-COVID-19 setbacks, the UK white cement market bears witness to a robust resurgence. The demand for white cement is fortified by unabating construction activities, with a marked preference over grey cement due to its superior properties. Nevertheless, the expensive production costs present as potential market headwinds over the forecast period.
- One of the prominent applications of white cement is within the thriving non-residential sector. White cement's versatility and strength cement its usage in industrial undertakings, institutional infrastructure, and aesthetic architectural applications.
- Portland Cement Type I dominates the market as the preferred base for colorful architectural applications and meets low alkali prerequisites which is expected to continue its dominance.
- Development initiatives, such as the United Kingdom's Affordable Homes Program and notable increases in new home registrations, indicate a bullish landscape for the white cement industry.
In the face of numerous construction projects and advancing demand in commercial, industrial, and infrastructure avenues, the non-residential application segment is anticipated to maintain a majority share.
Key Findings and Opportunities
The study unveils noteworthy insights and underscores potential opportunities within the market. As developers and constructors pivot towards innovative construction solutions that incorporate aesthetic and artistic elements, white cement is positioned as a pivotal material.
- Rising institutional buildings, office spaces, and expansive infrastructural projects fuel the demand for white cement.
- Strategic industry initiatives aimed at expanding capacities and modernizing amenities spotlight the growing consumption of white cement.
- The market's ripe environment serves as a beacon for continued innovation and the adoption of white cement in new project developments across the United Kingdom.
With a comprehensive analysis and forward-thinking approach, this report serves as an instrumental guide for stakeholders, investors, and industry participants who are keen on navigating through the dynamic landscape of the UK white cement market.
As the United Kingdom continues to cement its position on the global stage, the UK white cement sector thus marks a promising horizon for growth, innovation, and sustained demand.
A selection of companies mentioned in this report includes
- Aggregate Industries (Holcim Group)
- Breedon Group plc
- Cementir Holding N.V.
- Cemex S.A.B. de C.V.
- CRH
- Dragon Alpha Cement Ltd
- Hanson (HeidelbergCement AG)
- Southern Cement Limited (CRH Company)
For more information about this report visit https://www.researchandmarkets.com/r/le9gnj
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