Portland Cement Market

Portland Cement Market Overview (2023-2033)

The global Portland cement market size is valued at US$ 4.37 billion in 2023. Worldwide demand for portland cement is predicted to rise at a CAGR of 4.7% and reach a valuation of US$ 6.92 billion by 2033-end.

Rising urbanization leading to the growing construction of residential as well as non-residential buildings around the world is predicted to boost demand for Portland cement. In addition, governments around the world are investing in infrastructure developments, thus driving opportunities for players.

Portland cement is manufactured with pulverized cement clinker that contains hydraulic calcium silicates. Some portion of calcium sulfate is also added as a significant component in Portland cement manufacturing. Rising use of Portland cement for plaster bricks, screeds, and plasters is also opening up opportunities for players.

• Use of Portland cement in the commercial sector is predicted to increase at a CAGR of 5.5% from 2023 to 2033.
• Sales of Portland cement in China are projected to expand at a CAGR of 8.3% through 2033.

Concrete is a prominent component in the construction sector. The increasing demand for concrete in various structural elements such as panels, road furniture, and beams is expected to create favorable opportunities for industry players. Portland cement, a key ingredient in concrete, is widely used in the form of synthetic adhesives, mortar, non-specialty grout, stucco, and concrete. Its versatile applications make it an essential material in construction projects.

Globally, different types of cement are designed to cater to various weather conditions and specific requirements. Some cement types are formulated to be chemically resistant, while others are engineered to withstand moisture and water. Certain varieties are intentionally designed to achieve higher levels of hardness and strength.

OPC, generally known as ordinary Portland cement is a widely used product owing to its accessibility, efficiency, and ease of handling. Its production is helping enhance the revenue share of industry players.

The research report about the dynamics of the Portland cement space is published by Fact.MR, a market research and competitive intelligence provider. This report offers multiple aspects of the industry to get a detailed understanding by respective readers. The report incorporates various factors, such as growth-driving factors, a country-level analysis, prominent obstacles, key segments, new product launches, and others.

Report Attributes	Details
Portland Cement Market Size (2022)	US$ 4.17 Billion
Estimated Market Value (2023)	US$ 4.37 Billion
Forecasted Market Value (2033)	US$ 6.92 Billion
Global Market Growth Rate (2023 to 2033)	4.7% CAGR
Commercial Segment Growth Rate (2023 to 2033)	5.5% CAGR
Germany Market Growth Rate (2023 to 2033)	3.9% CAGR
Japan Market Growth Rate (2023 to 2033)	3.2% CAGR
China Market Growth Rate (2023 to 2033)	8.3% CAGR
Key Companies Profiled	CEMEX S.A.B. C.V. China National Building Material Co., Ltd. Buzzi Unicem SpA Italccementi SpA EUROCEMENT Group UltraTech Cement Ltd. Heidelberg Cement AG LafargeHolcim

Will Growth in the Construction and Infrastructure Sectors Drive Demand for Portland Cement?

“Rapid Increase in Construction Activities Augmenting Portland Cement Sales”

Growth of the portland cement industry is driven by the expanding construction and infrastructure sectors, particularly in emerging countries like Sri Lanka, Indonesia, and India. portland cement is widely used in various construction products such as mortar, putty, concrete, and plaster, contributing to its increasing demand and revenue share. These materials are crucial for manufacturing screeds, roads, construction structures, and plasters, making concrete a key component in the construction industry.

Rising demand for multiple structural parts, including interiors, roads, panels, and beams, presents opportunities for industry players. Additionally, the significant growth in infrastructure, with the construction of bridges, highways, and other heavy-duty projects, and increased government investments further boost the sales of Portland cement.

What is Hindering the Expansion of the Market for Portland Cement?

“Health & Environmental Concerns Associated with Portland Cement”

Clay, shale, silica, shells, chalk, and limestone are prominent raw materials that are extensively used in the production of Portland cement. These components have adverse effects on human health as well as the environment. Inhalation of dust particles can result in irritation to the nose and throat and can make breathing difficult. Prolonged exposure to Portland cement can lead to several health problems, including hypertension, burns, asthma, and lung cancer.

Manufacturing, mining, and transportation processes involved in producing Portland cement require a substantial amount of heat energy, which is projected to lead to air pollution. Several governments from different countries are implementing stringent regulations for the production process, which is expected to impede portland cement market growth.

What are the Initiatives Adopted by Start-ups to Enhance Their Profit Margins?

“Focus of New Companies on Production of Eco-friendly Portland Cement”

New entrants can invest in R&D activities to identify methods and products that are comparatively less harmful and can be used in the manufacturing of prtland cement. Due to the significant adverse impacts of Portland cement on the environment and human health, there is a critical need to manufacture products with minimal harmful substances.

Portland cement is a pivotal component in the construction industry, and its use is therefore inevitable. Therefore, new entrants are focusing on the production of environment-friendly Portland cement.

Country-wise Insights

Why is the United States Projected to Remain the Backbone of the North American Market?

“Rapid Infrastructure Development and Increasing Number of Construction Projects”

Sales of Portland cement in the United States market are forecasted to expand at a significant rate in the coming decade. Rapid infrastructure development and a growing number of construction projects in the country are leading to increasing demand for raw materials that include portland cement.

What Makes the United Kingdom and Germany Prominent Markets for Portland Cement in Europe?

“High Demand for Mixed Cement for Use in Infrastructure Projects”

Demand for Portland cement in Germany is predicted to increase at a CAGR of 3.9% through 2033. Opportunities for players in the United Kingdom and Germany are being driven by the growing demand for mixed cement in these countries.

Manufacturers of Portland cement are striving to expand their revenue share due to the increasing product demand in these regions. The infrastructure and construction sectors are exhibiting significant growth, further propelling the demand for portland cement in these markets.

Which Markets in Asia Pacific Account for High Sales of Portland Cement?

“Rapidly Rising Demand for Residential Spaces in China, India, and Japan”

Sales of Portland cement in China are projected to advance at a CAGR of 8.3% from 2023 to 2033. The Portland cement market in Japan is projected to expand at a CAGR of 3.2% through 2033.

China, India, and Japan are predicted to serve as prominent contributors to regional revenue market streams. Growing demand for cement from these countries is attributed to the significant growth of the construction and infrastructure sectors.

China is operating as one of the prominent producers as well as suppliers of cement. This is driven by the increasing demand for residential space and the development of various infrastructure projects. Additionally, the trends of globalization, urbanization, and industrialization are further contributing to the rising demand for Portland cement in these regions.

Category-wise Insights

Why is Gray Portland Cement Gaining Traction Among End Users?

“Extensive Application Range of Gray Portland Cement in Construction Projects”

Gray and white are two types of portland cement that are used extensively by multiple end users. Demand for gray portland cement is predicted to increase at a significant rate. This is attributed to the fact that this cement type is extensively used in several cement structures. The application of white cement is limited, and it is primarily used for specific finishing requirements in construction.

Which Sector Accounts for Significant Revenue Streams for Portland Cement Suppliers?

“Growing Use of Portland Cement for Infrastructure Development in Commercial Sector”

Demand for portland cement from the commercial sector is projected to progress at a CAGR of 5.5% through 2033. This sector is estimated to contribute a significant share of the market.

Portland cement is extensively utilized for a wide range of applications, such as building transportation hubs, industrial structures, irrigation canals, sports complexes, business centers, and highways. Increasing urbanization and infrastructure development worldwide are driving the demand for portland cement in the construction industry. Moreover, the rising need for essential services like hospitals is also contributing to the construction sector's growth, further boosting the sales of portland cement.

Key Market Players

Prominent players in the industry are making substantial investments in various areas, such as maintaining product standards, ensuring quality control, and strengthening their supply chain management systems, among others. Additionally, these players are focused on expanding their product portfolios and extending their market presence to different regions.

For instance :

• In June 2022, UltraTech Cement, the flagship company of Aditya Birla Group Cement, announced a significant investment of US$ 1.6 billion to expand its capacity by 22.6 metric tons. This strategic investment is expected to solidify UltraTech Cement's position as one of the leading suppliers in the industry.
• In November 2020, HeidelbergCement made a substantial investment of approximately US$ 485 million to restructure and upgrade its cement factories in France. The primary objective of this initiative is to enhance the company's operational procedures, infrastructure, and overall efficiency in the French market.

CEMEX S.A.B. C.V., China National Building Material Co., Ltd., Buzzi Unicem SpA, Italccementi S.p.A., EUROCEMENT Group, UltraTech Cement Ltd., HeidelbergCement AG, and LafargeHolcim are some key companies operating in the Portland cement market.

Segmentation of Portland Cement Industry Research

• By Type :

  • Gray
  • White

• By End Use :

  • Residential
  • Commercial
  • Infrastructure

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa