16-Feb-2022 | Zion Market Research
As per Zion Market Research study, White Cement industry accrued revenue worth nearly US$ 3.7 billion in 2021 and is anticipated to gain returns about US$ 7.2 billion by 2028. Additionally, White Cement market is prognosis to record CAGR of almost 6.2% in 2022-2028. Furthermore, growth of white cement market over forecast timespan is subject to huge product penetration in housing complex construction across globe. Funding of railway, airport, and highway infrastructure will help white cement industry enter new era of growth in forthcoming years. High focus on innovativeness and artistic sense for buildings will steer expansion of white cement industry. Surge in popularity of decorative applications will boost market trends. Nonetheless, high costs of production are likely to restrict size of white cement market in ensuing years.
Type I Segment To Dominate Product Landscape Over 2021-2028
Growth of type I segment over forecast timeframe is subject to large-scale use of type I cement in decorating of premium constructions. When combined with inorganic pigments, type I white cement gives bright colored mortar & concrete that can be used in exterior and interior decorations of buildings. It is massively utilized in reinforced concrete buildings, tanks, water pipes, reservoirs, bridges, and masonry units.
Commercial Segment To Contribute Lucratively Towards Market Size By 2028
Segmental growth over next six years is due to wide use of white cement in high-rise building structural design, warehousing units, and parking areas. Moreover, high product penetration in commercial spaces will drive expansin of segment over assessment period.
Asia Pacific To Contribute Significantly Towards Regional Market Revenue Over 2022-2028
Expansion of white cement market in Asia Pacific in ensuing years is subject to rise in residential constructions in countries such as South Korea, India, Malaysia, and China. Citing an instance, National Development and Reform Commission of China had declared launching of nearly 26 infrastructure ventures with a funding of US$ 141.1 billion in 2019. Apart from this, increase in spending capacity of population and rise in demand for white cement for floors will spur regional market size.
Some of key players have created a massive impact on growth of white cement market and will continue to do so even in foreseeable future. They are OYAK Adana Cement, ACC Limited, Cementos Portland Valderrivas, Aditya Birla (Grasim Industries Limited), Federal White Cement Ltd., Ambuja Cements Ltd, Cementir Holding NV, Çimsa Çimento Sanayi ve Ticaret AS,Fars & Khuzestan Cement Co., India Cements Ltd, HEIDELBERGCEMENT AG, and JK Cement Ltd.
Browse the full “White Cement Market- By Grade (Type I And Type III), By Application (Architectural, Flooring, And Tile Grouting), And By End-Use (Residential, Commercial, And Industrial): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/white-cement-market
The global White Cement Market is segmented as follows:
By Grade
By Application
By End-Use
By Region
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