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World - Cement - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jan 1, 2025

World - Cement - Market Analysis, Forecast, Size, Trends And Insights

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Jan 10, 2023

Rising Infrastructure Development Supports Cement Market Growth

Cement Market Outlook

The global cement market is expected to reach $416.3 billion by 2030, expanding at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030. The rise in construction activity and infrastructure development, particularly in Asia, has been a major driver of market growth in recent years. Cement is a key ingredient in concrete, which is itself an essential material for construction. As such, the demand for cement is closely linked to the health of the construction industry.

The construction industry is one of the largest consumers of cement. The construction industry accounts for approximately 50% of global cement consumption. The residential sector is the largest end-user of cement, accounting for approximately 60% of global cement consumption, followed by the non-residential sector at 20%.

The future of the global cement market looks promising with continued growth across all regions. The Asia-Pacific region is expected to be the fastest-growing market, followed by North America. Emerging markets such as India, China, and Indonesia are expected to offer significant growth opportunities for cement manufacturers. This increase in demand is being driven by population growth and urbanization. In China, infrastructure investment is expected to continue to drive demand for cement. In India, economic growth and increased construction activity are expected to lead to higher cement consumption. In Indonesia, government infrastructure spending is expected to spur demand for cement.

The Americas are also expected to see strong growth in cement consumption, led by Brazil and Mexico. In Brazil, a rebound in construction activity is anticipated after a period of economic recession. In Mexico, increasing infrastructure spending is expected to drive up demand for cement.

The world is urbanizing at an unprecedented pace. In 1950, 30% of the world's population lived in cities. Today, more than 54% of people globally live in urban areas, and by 2050 that number is expected to increase to 66%.1 With this rapid urbanization comes an increased demand for infrastructure development – including housing, office buildings, roads, bridges, and sewers – which in turn drives demand for construction materials like cement.

The increasing urbanization and infrastructure development activities are expected to drive the demand for cement in the coming years. The other drivers include population growth, rising disposable incomes, and rapid industrialization. However, the volatile raw material prices and strict environmental regulations are some of the challenges faced by the cement industry.

Cement Market Opportunities

The global cement market presents several opportunities for market players. Some of these include:

1) Increasing investment in infrastructure development: Emerging economies are investing heavily in infrastructure development projects such as railways, roads, seaports, and airports. This is expected to create a significant demand for cement during the forecast period.

2) Rising construction activities: The increasing population and urbanization are leading to an increase in construction activities across residential, commercial, and industrial sectors. This is another factor that is expected to drive the growth of the global cement market during the forecast period.

3) Growing demand for green buildings: The growing demand for energy-efficient and eco-friendly buildings is creating an opportunity for the use of cement. Cement can be used to construct green buildings due to its properties such as low heat loss, water retention, and fire resistance.

Cement Market Challenges

The challenges of the global cement market are many and varied. However, some of the main challenges include:

1) The high price of cement. This is a major challenge for both consumers and producers alike.

2) The over-reliance on China as a source of cement. This has led to issues in recent years when Chinese demand has fallen, leading to a glut in the global market.

3) Carbon emissions from cement production. Cement is one of the most carbon-intensive industries, and so there is a need to find ways to reduce emissions from this sector.

4) The declining use of cement in developed economies. This is due to a combination of factors such as the switch to other materials (such as plastic composites) and the economic downturn.

Conclusion

The global cement market is expected to have moderate growth in the coming years, driven by factors such as increasing urbanization, technological advancements, and increased investments. As a result of these trends, companies operating in the cement market are likely to find new opportunities for expansion and growth. Companies should take advantage of this trend and focus their efforts on developing innovative products and services that will remain competitive even when faced with changing technology or an ever-evolving customer demographic.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global cement market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 23511210 - Portland cement
  • Prodcom 23511290 - Other hydraulic cements

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Lafarge Holcim, Cemex, CRH, Buzzi Unicem, Argos USA Corporation, Ash Grove Cement Company, Eagle Materials, Lehigh Hanson, CalPortland Company, Holcim, Anhui Conch, China National Building Materials, HeidelbergCement, Italcementi, China Resources Cement Holdings, Taiwan Cement Corporation, Eurocement, Votorantim Cimentos, Sinoma, Buzzi Unicem, Huaxin Cement, Jidong, Ultratech, F.W. Webb Company, Ellsworth Adhesives, Ryan Herco Flow Solutions

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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