- The commercial sector represents the largest application area, accounting for the majority of the total market share.
- Currently, white Portland cement represents the most popular product type.
- On a geographical front, Asia Pacific exhibits a clear dominance in the market, holding the biggest share.
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.
According to a new research report by IMARC Group, the global white cement market reached a value of more than $5 billion in 2018, registering a CAGR of 4.4% during 2011-2018.
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. By 2024, the market is projected to reach a value of around $7 billion, growing at a CAGR of 5.2% during 2019-2024.
Market by Application
Market by Type
1. White Portland Cement
2. White Masonry Cement
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Some of the major players and suppliers analyzed in the report include:
1. Cemex (NYSE: CX)
2. Cimsa Cimento Sanayi ve Ticaret A.S. (CIMSA)
3. JK Cement
4. Cementir Holding SpA (CEM)
6. Ras Al-Khaimah
7. Birla White
8. Federal white
9. Saveh White
10.Cementos Portland Valderrivas