March 29, 2020

White Cement Market: Building Green Infrastructure Driving The Global Market

The latest market report published by Credence Research, Inc. “White Cement Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” 

The global market is worth US$ 8.03 Bn in 2018 and expected to grow at a CAGR of 4.56% during the forecast period from 2019 to 2027.

Market Insights:

“Rise in sustainable infrastructure driving the market growth”

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Rising atmospheric temperature is a big concern throughout the world’s metro cities. Governments and NGOs along with municipalities in many cities opt for solutions such as green infrastructure that help drastically reduce the albedo. This has elevated the demand for green cement, produced by the carbon-negative manufacturing process, has influenced the global market demand for white cement.

For instance, Indonesia, Hong Kong, Philadelphia, and New York City drafted the policies for improving its green infrastructure initiative. Also, in February 2018, the Tokyo Metropolitan government drafted a policy for green Tokyo as a part of its Green Building Program.

Further, rising world population & neutral families and their growing disposable income that have a high demand for individual homes are driving the demand for residential complexes across many regions like Asia, Middle East, and Latin America.

This has positively impacted the white cement demand for its application in architectures, interior and exterior wall decorations, and flooring. Additionally, white cement has the property to lower this inside home temperature and due to this property, there is a rising number of people opting for white cement.

Moreover, white cement is also used for ornamental concrete products such as idols, cast stones, and precast members. Furthermore, due to its high reflectivity during the night, white cement is widely used for painting highway medians. Overall, the global white cement market was US$ 8.03 Bn in 2018 and expected to reach at US$ 11.93 Bn in 2027, growing with a CAGR of 4.56% from 2019 to 2027.

White Cement Market

The overall white cement market is fragmented in nature and it is growing at a moderate rate. Some of the leading global players included in the reports are Çimsa Çimento Sanayi ve Ticaret A.?. (Turkey), Cementir Holding N.V. (Italy), JK Cement Ltd (India), UltraTech Cement Ltd. (India) and LafargeHolcim (Switzerland). Following is the list of companies covered in this report.

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Industrial Developments:

• In February 2020, Çimsa Çimento Sanayi ve Ticaret A.?. launched its new white cement products in the annual World of Concrete exhibition (2020). The company showcased Çimsa Aluminates and Çimsa Super White. With this launch, the company is expecting higher sales from its white cement product category.
• In May 2019, Texas-based, Sesco Cement announced its plan to build a new white cement terminal in Florida, U.S. With an investment of US$ 19 Mn, this new unit will have a ship and railway links. This new terminal will increase its production capacity and expected to increase its market share in the North America region.

Key Market Movements:

• Based on cement type, the global white cement market is dominated by white Portland cement segment owing to its usage in several decoration works like interior walls, exterior cladding, and floor slabs.
• Based on end-use, white cement is majorly used in residential sector. Rising urbanization across the world has influenced the residential segment to capture the highest share in 2018.
• Based on region, Asia Pacific is the largest region of global white cement market in 2018. Subsequently, the region is expected to grow at the fastest rate from 2019 to 2027.

List of Companies Covered:

• Çimsa Çimento Sanayi ve Ticaret A.?.
• Cementir Holding N.V.
• JK Cement Ltd.
• UltraTech Cement Ltd.
• LafargeHolcim
• SOTACIB
• SECIL
• Adana Çimento (OYAK Çimento)
• Cementos Portland Valderrivas
• Boral
• SESCO CEMENT CORP.
• and Others

Browse the full report at https://www.credenceresearch.com/report/white-cement-market

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