The major players in the white cement market are Adana Cimento Sanayi TA S, Cementir Holding SPA, Cementos Portland Valderrivas S. A, Cemex SA B De C. V, Cimsa Cement Industry and Trade Inc., Federal White Cement Ltd.
New York, 09 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of White Cement Global Market Report 2022 – https://www.reportlinker.com/p06228515/?utm_source=GNW
JK Cement Ltd., Royal White Cement Inc., Saveh Cement Company, Société Tuniso-Andalouse de Ciment Blanc SA, Ultratech Cement Ltd., Ras Al-Khaimah (RAK) Company, Adana Cimento Sanayii TAS, Sinai White Portland Cement Co., Neyriz White Cement Company, Buzzi Unicem SpA, Shargh White and Italcementi.
The global white cement market is expected to grow from $5.87 billion in 2021 to $6.43 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $7.98 billion in 2026 with a CAGR of 5.6%.
The white cement market consists of sales of white cement by entities (associations, sole proprietorships and general partnerships) that produce concrete that is perfectly colored and homogeneous in its mass. White cement is Portland cement prepared from raw materials low in iron compounds, which give traditional Portland cement its gray color.
The main types of white cement are white Portland cement, white masonry cement, white PLC cement and others. White portland cement is similar to regular gray portland cement except for color and fineness. it is used in decorative works and for many prestigious construction projects. The different grades include Type I, Type III, others and are used in various sectors such as residential, commercial and industrial.
The increase in residential construction projects is contributing to the growth of the white cement market. According to the Global Construction 2030 report released by Oxford Economics, the volume of construction output will increase by nearly 85% to reach $15.5 trillion globally by 2030, three countries like China, the United States and India are leading the way. White Portland cement is mixed with white aggregates to make white concrete, which is used for luxurious construction projects and decorative works. Thus, the increase in residential construction activity is expected to increase the demand for white cement. For example, according to the National House Building Council (NHBC), around 1.4 million new houses are expected to be built in the UK by 2029. Hence, the increase in residential construction projects is expected to fuel the growth of the market white cement in the future. .
Technological advancement is a key trend gaining popularity in the white cement market. Companies in the white cement market are increasingly focusing on new technologies such as carbon capture, utilization and storage (CCUS) for more efficient and sustainable forms of cement. For example, in June 2021, Carbicrete, a Canadian carbon removal technology company, uses captured carbon dioxide to accelerate the concrete curing process while strengthening and sequestering the gas.
The technology eliminates the need for calcium-based cement, a key ingredient in traditional concrete, which contributes significantly to global CO2 emissions.
In March 2019, Cimsa, a Turkish cement clinker and ready-mix concrete manufacturer, acquired Buñol for $180 million. With this acquisition, Cimsa will significantly increase Turkey’s export revenue sourcing.
Buñol is a Spain-based white cement factory that manufactures cement.
The countries covered in the White Cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
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