The Business Research Company Global White Cement Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, January 11, 2022 /EINPresswire.com/ – Rising residential construction projects are contributing to the growth of white cement market. According to the Global Construction 2030 report published by Oxford Economics, the volume of construction production will increase by nearly 85% to reach $ 15.5 trillion worldwide by 2030, three countries, 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 luxury construction projects and decoration work. 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 homes are expected to be built in the UK by 2029. Therefore, the increase in residential construction projects is expected to fuel the market growth. white cement in the future. .
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The global white cement market size 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 of the market is mainly due to the fact that companies have reorganized their operations and recovered from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and closure of commercial activities which resulted in operational challenges. The white cement market is expected to reach $ 7.98 billion in 2026 at a CAGR of 5.6%.
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Global white cement market trends include technological advancements, which are gaining popularity in the market. Companies in the white cement market are increasingly focusing on new technologies such as Carbon Capture, Use 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 speed up the concrete hardening 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.
The main players in the global white cement industry are Adana Cimento Sanayi TAS, Cementir Holding SPA, Cementos Portland Valderrivas SA, Cemex SAB De CV, Cimsa Cement Industry and Trade Inc, Federal White Cement Ltd., 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.
Asia-Pacific was the largest region of the global white cement market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period. The regions covered by the White Cement Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and L ‘Africa.
TBRC Global White Cement Market report is segmented by White Portland Cement Type, White Masonry Cement, White Plc Cement, Others, by Grade in Type I, Type III, Others, by End Use in Residential, Commercial, industrial.
Global White Cement Market Report 2022 – By Type (White Portland Cement, White Masonry Cement, White PLC Cement), By Grade (Type I, Type III), By End Use (Residential, Commercial, Industrial) – Product Size Market, Trends and Global Forecast 2022-2026 is part of a series of new reports from The commercial research company which provides white cement market overview, white cement market size and growth forecast for the whole market, white cement market segments, geographies, white cement market trends , the drivers of the white cement market, constraints, revenues, profiles and market shares of the main competitors.
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