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Global White Cement Market Insight2021-12-30 Comments
The white cement is forecast to exhibit quick growth over the next four years. According to the World Knowledge Information (WKI) “Global White Cement Professional Survey Report 2020, Forecast to 2025”,The increase in construction activities and the growing demand for special applications in residential and commercial buildings are the main factors driving the growth of the global white cement market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.68% base on WKI regression analysis model.
“From the current industry situation, the white cement market is scattered, the industry concentration is low, and the industry access threshold is low. Enterprises in the investment wait-and-see period can seize the opportunity. ” said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI. “It is suggested that white cement industry participants actively carry out technological innovation or manufacturing process innovation, reduce the production of white cement and look for market growth opportunities.”
The rapid demand for aesthetics in the construction industry has promoted the growth of white cement market. Due to the increasing influx of immigrants from Asia Pacific countries, large-scale housing construction has promoted the growth of the construction industry. This has led to increased demand for building materials such as white cement board, panel and cladding materials. The growth in demand for decorative applications has promoted the growth of the global white cement market. In addition, the increasing traffic safety problems and the development of roads have strongly promoted the growth of white cement market.
However, the emergence of low-cost alternatives for construction activities, such as plastics and ceramic tiles, is expected to hinder the growth of the white cement market.
The main players in the white cement market are Cementir Holding SPA, Çimsa Cement Industry and Trade Inc., JK Cement, Cemex, The Cementos Portland Valderrivas, Birla White (Ultratech), Federal White Cement, Saveh White Cement Co., Adana Cement, Saudi White Cement Co and others.
Segmentation of White Cement Market:
By type, the global white cement market can be divided into white portland cement, white brick cement and others. Among them, white portland cement dominates the market, because white portland cement and white aggregate are increasingly used to produce white concrete for construction projects and decoration. Moreover, white portland cement is also mixed with inorganic pigments to produce brightly colored concrete and mortar. According to the application, the white cement market can be divided into residential, commercial, industrial and others. The commercial sector dominates the market. The wide application of white cement in the structural design of high-rise buildings, commercial complexes, parking lots and storage facilities will promote the expansion of the market scale of white cement. In addition, the booming demand for ceramic tiles in Asia Pacific and Europe will also contribute to the growth of white cement market.
White Cement Market: Regional Analysis
In terms of geography, the global white cement market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region currently dominates the global white cement market and will continue to maintain its leading position in the forecast period. This can be attributed to rapid urbanization, increased construction activities in the residential and non residential sectors, various affordable housing projects of the government and the presence of many well-known enterprises operating in countries such as India and China in the region. In addition, due to the increase of renovation and reconstruction activities, the North American and European markets will also occupy a large revenue share in the global white cement market.
Largest share area：Asia Pacific
Largest share country：China