White Cement Market Overview:
According to the International Trade Centre (ITC), the trade of white Portland cement was evaluated to be $737.5m in 2018, a 3% growth between 2014 and 2018. This resonates with the growing white cement market size that was valued at $6,865m as of 2018. Furthermore, the demand for white cement for a gamut of purposes in building & construction and other sectors is poised to help the market grow at a compound annual growth rate (CAGR) of 3.60% during the forecast period 2019-2025.
The building & construction industry is making strides in APAC, which is creating a demand for white cement as it is used in creating facades, cement-based tile adhesives, and pavers. In the 2017 Cement Industry Trends Report, The Energy and Research Institute attributes China for 59% of the global cement consumption and India for 7%. White cement is a significant segment of the cement industry, and there is a substantial consumption of white cement in both the countries. Similarly, the construction industry in other countries such as Indonesia, Malaysia, and the Philippines is supporting the white cement market. APAC held 55% share of the white cement market in 2018.
White Cement Market Outlook:
White Portland cement, white ordinary Portland cement (WOPC), or simply white cement is similar to the conventional grey cement, but its properties such as high degree of whiteness and attractiveness make it more expensive than grey cement. This material is used in residential, commercial, and industrial buildings, predominantly for decorative purpose.
The key application of white cement is in the building & construction sector for flooring, renovations, and restorations. This is much attributed to the fact that a lot of buildings, especially in the residential real estate sector, are undergoing renovation. Furthermore, there is an augmented demand for more buildings in order to fulfill the sustainable development goals (SDGs) of the United Nations (UN) in which the real estate industry is poised to play a vital role. This application segment will observe a profitable CAGR of 6% through 2025.
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White Cement Market Growth Drivers:
· The Application of White Cement on Roads –
The world is in dire need of infrastructure and three quarters of the infrastructural gap is collectively attributable to roads and electricity. According to the World Economic Forum, the worldwide investment in infrastructure is estimated to be $79 trillion by 2040, out of which a significant amount will be invested in roads. Nowadays, roads are incorporated with white cement which is also used in the traffic barriers as it imparts visibility during night and provides passive traffic safety. The increasing investment in roads will support the white cement market.
· The Cast Stone Industry Creating Opportunities In the White Cement Market –
The growth prospects for the vendors in the white cement market is evident from the growing cast polymers market, which is poised to witness a CAGR of 7% through 2023. Evidently, cast stone is made of white cement, pigments, chemical admixtures, and water. Cast stone is a masonry product and finds applications in architectures, especially the facade of the buildings, where it is used to implant attractiveness. It is also a cost-effective repair material that is used in renovation projects of historic buildings. The demand influx from the cast stone industry or precasting market is leading the white cement market size to expand.
White Cement Market Trends –
White Cement Market Key Players Perspective –
The major players in the white cement market are Cimsa Cimento, JK Cement, Cementir Holding S.p.A, SOTACIB (65% Cementos Molins), CEMEX S.A.B. de C.V., Birla White (UltraTech Cement Limited), Ras Al-Khaimah (RAK) Company, Saveh White Cement Company, Federal White Cement Limited, and Cementos Portland Valderrivas, S.A.
White Cement Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the white cement market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The White cement market research report also analyses the application of white cement in residential, commercial, industrial, and in the renovation of historical buildings.
White Cement Market Report: Industry Coverage
The report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
Key Questions Addressed in the White Cement Market Report
A Few Focus Points Of This Research Are Given Below:
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