White Cement Market, Global Industry Overview, Sales Revenue, Demand and Forecast by 2026
by Chris jackson Market ResearchAccording to the IMARC Group, the global white cement market reached a value of US$ 5.55 Billion in 2020. Looking forward, IMARC Group expects the global white cement market to exhibit moderate growth during 2021-2026. White cement is a hydraulic binder made with China clay and chalk or limestone in a high-temperature process. It is characterized by a fine texture and distinct white color which can depend upon the manufacturing process and the quality of raw materials (manganese oxide and iron oxide) used in its production. White cement forms a paste when combined with water which then sets and hardens. It is highly durable, requires low maintenance and provides an aesthetic look, owing to which white cement is widely used in the construction industry across the globe.
Report Metric:
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
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Market Trends:
The rising trend of migration from rural to urban areas has led to a shortage of urban housing in both the developed and developing countries. Moreover, the increasing number of nuclear families, inflating income levels and changing lifestyles have propelled the demand for modern houses which has provided thrust to the white cement market. Additionally, the rising construction of public infrastructure including roads, flyovers, airports, railway stations and shopping complexes across emerging economies is contributing to the sales of white cement. Apart from this, a significant rise in the tourism industry has also led to an increase in the construction of hotels, resorts and villas worldwide. Further, upcoming global events like the FIFA World Cup 2022 in Qatar and Dubai Expo 2020 are escalating the consumption of white cement in the Middle East.
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Market Segmentation
Market by Application
1. Residential
2. Commercial
3. Infrastructure
Market by Type
1. White Portland Cement
2. White Masonry Cement
3. Others
Some of the key players operating in the market include Cementir Holding, Birla White (Ultra Tech), JK Cement, Cemex, Cimsa Cimento, Sotacib, Ras Al-Khaimah Co., Federal White Cement and Saveh White Cement Co.
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Created on May 14th 2021 07:09. Viewed 216 times.