Cement Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2030

The Cement Market is segmented by End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), by Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include new construction floor area in residential, commercial, industrial and institutional sectors; existing construction floor area, infrastructure spending, and major infrastructure projects.

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Cement Market Size

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Major Players

*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Cement Market Analysis

The Cement Market size is estimated at 4.39 billion Tons in 2024, and is expected to reach 5.96 billion Tons by 2030, growing at a CAGR of 5.24% during the forecast period (2024-2030).

4.39 Billion

Market Size in 2024 (Tons)

5.96 Billion

Market Size in 2030 (Tons)

0.98 %

CAGR (2018-2023)

5.24 %

CAGR (2024-2030)

Largest Market by Product

69.24 %

volume share, Blended Cement, 2023

Due to its weather-resistance and durable properties, blended cement dominates the market due to high demand in various applications, including industrial and commercial use.

Largest Market by End Use Sector

36.25 %

volume share, Residential, 2023

Due to the increasing usage of cement in major construction applications of apartments, bungalows, villas, and cooperate housing, the residential sector has dominated the market.

Largest Market by Region

72.53 %

volume share, Asia-Pacific, 2023

Due to the growing construction industrial activity in the region, coupled with the increasing demand for cement in countries like China, India, Japan, and South Korea, the region has dominated the market.

Fastest Market by Region

6.95 %

Projected CAGR, Middle East and Africa, 2024-2030

Owing to the development of urban infrastructure, especially in Brazil, coupled with large-scale foreign direct investments, the region is expected to witness the fastest growth during the forecast period.

Leading Company

11.28 %

market share, China National Building Material Group Corporation, 2022

In 2022, the company held the largest share, with its cement production capacity of around 530 million tons per year. The company serves customers across various construction sectors.

The commercial sector's fast-paced growth is leading to higher cement demand

The demand for cement across the sectors was reduced in 2022 over 2021, resulting in a nearly 3.83% lower demand worldwide due to very low growth and even declines in the new floor area under construction. As the demand across sectors was projected to rise in 2023, the overall increase was estimated to be 0.70% higher than in 2022.
The residential sector is the largest consumer of cement in the world, as most countries have concrete homes that directly convert to a large volume of cement demand from this sector. The cement market experiences the highest demand from Asia-Pacific. The region accounted for 67% of the world's total cement demand in 2022, owing to its vast population.
Infrastructure is the sector in which most countries utilize a significant portion of their cement stock. Cement is among the primary raw materials of concrete, which is essential for all types of infrastructure construction, such as roads, dams, ports, etc. Asia-Pacific accounts for the largest cement consumption in this sector, primarily due to China, India, South Korea, and Japan. These countries together constituted 90% of the region's infrastructure sector's cement demand in 2022.
Construction activities are expected to rise the fastest in the commercial sector. For instance, the new floor area of the commercial sector among all the sectors is poised to grow with the fastest CAGR of around 4.56% during the forecast period (2023-2030). Hence, the cement demand from the commercial sector is expected to increase the fastest globally at a CAGR of 6.18% during the forecast period and is expected to reach USD 764.6 million by 2030.

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The demand for cement to rise in the Middle East & Africa owing to investments in construction

In 2022, global cement demand saw a 3.83% decline in volume compared to 2021, largely driven by a 6.37% drop in the Asia-Pacific region. Projections suggested that cement demand in 2023 would remain relatively steady, with the Asia-Pacific expected to witness a further decline.
The Asia-Pacific consistently leads in construction project volumes, exemplified by India's dominance with over USD 25 million worth of infrastructure projects in the pipeline as of May 2022, surpassing other nations. China and Australia followed closely in the third and fourth positions, respectively. Consequently, the Asia-Pacific stands as the global cement consumption hub.
Following the Asia-Pacific, the Middle East & Africa emerge as a significant consumer of cement. Saudi Arabia and the United Arab Emirates take the lead, buoyed by their governments' consistent investments in infrastructure and sector initiatives. Notably, infrastructure investments in the United Arab Emirates surged by 82% from 2021 to 2022. In 2022, Saudi Arabia and the United Arab Emirates accounted for 12% and 3% of the global cement volume, respectively.
Anticipated data indicates that the Middle East & Africa will witness the highest cement demand growth, registering a CAGR of 7.07% in volume during the forecast period (2023-2030). Notably, Saudi Arabia's recent agreements and MoUs, totaling nearly USD 2.66 billion, focus on establishing investment funds to bolster commercial, tourism, and residential projects, further fueling the cement demand in the region.

Global Cement Market Trends

Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction

In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.

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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector

In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction

Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending

Cement Industry Overview

The Cement Market is fragmented, with the top five companies occupying 32.78%. The major players in this market are Anhui Conch Cement Company Limited, BBMG Corporation, China National Building Material Group Corporation, Heidelberg Materials and Holcim (sorted alphabetically).

Cement Market Leaders

Anhui Conch Cement Company Limited
BBMG Corporation
China National Building Material Group Corporation
Heidelberg Materials
Holcim

Other important companies include Adani Group, CEMEX, S.A.B. de C.V., Cemros, China Resource Cement Holdings, CRH, Dangote Cement Plc., SIG, TAIWAN CEMENT LTD., UltraTech Cement Ltd., Votorantim Cimentos.

*Disclaimer: Major Players sorted in alphabetical order.

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Cement Market News

August 2023 : CEMEX S.A.B. de C.V. and Synhelion SA announced a significant milestone in their joint effort to develop fully solar-driven cement production to industrially viable levels through the continuous production of clinker, the most energy-intensive part of cement manufacturing, using only solar heat.
August 2023 : The Adani Group's subsidiary, Ambuja Cements Ltd, announced the purchase of a 57% promoter stake in Indian cement manufacturer Sanghi Industries Ltd at an enterprise value of USD 606.5 million to expand its manufacturing capacity and market presence.
June 2023 : SIG's subsidiary PT Semen Baturaja Tbk announced to expand its cement production capacity to 3.8 million tons of cement per year through three factories in Palembang and Baturaja City, Ogan Komering Ulu (OKU) Regency, South Sumatra, Panjang, Bandar Lampung in Indonesia.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.

Cement Market Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study
3. 1.3. Research Methodology
1. 2.1. End Use Sector Trends
  1. 2.1.1. Commercial
  2. 2.1.2. Industrial and Institutional
  3. 2.1.3. Infrastructure
  4. 2.1.4. Residential
  1. 3.1. End Use Sector
    1. 3.1.1. Commercial
    2. 3.1.2. Industrial and Institutional
    3. 3.1.3. Infrastructure
    4. 3.1.4. Residential
    1. 3.2.1. Blended Cement
    2. 3.2.2. Fiber Cement
    3. 3.2.3. Ordinary Portland Cement
    4. 3.2.4. White Cement
    5. 3.2.5. Other Types
    1. 3.3.1. Asia-Pacific
      1. 3.3.1.1. By Country
        
        3.3.1.1.1. Australia
        
        3.3.1.1.2. China
        
        3.3.1.1.3. India
        
        3.3.1.1.4. Indonesia
        
        3.3.1.1.5. Japan
        
        3.3.1.1.6. Malaysia
        
        3.3.1.1.7. South Korea
        
        3.3.1.1.8. Thailand
        
        3.3.1.1.9. Vietnam
        
        3.3.1.1.10. Rest of Asia-Pacific
        
        3.3.2.1. By Country
        
        3.3.2.1.1. France
        
        3.3.2.1.2. Germany
        
        3.3.2.1.3. Italy
        
        3.3.2.1.4. Russia
        
        3.3.2.1.5. Spain
        
        3.3.2.1.6. United Kingdom
        
        3.3.2.1.7. Rest of Europe
        
        3.3.3.1. By Country
        
        3.3.3.1.1. Saudi Arabia
        
        3.3.3.1.2. United Arab Emirates
        
        3.3.3.1.3. Rest of Middle East and Africa
        
        3.3.4.1. By Country
        
        3.3.4.1.1. Canada
        
        3.3.4.1.2. Mexico
        
        3.3.4.1.3. United States
        
        3.3.5.1. By Country
        
        3.3.5.1.1. Argentina
        
        3.3.5.1.2. Brazil
        
        3.3.5.1.3. Rest of South America
        
        4.1. Key Strategic Moves
        
        4.2. Market Share Analysis
        
        4.3. Company Landscape
        
        4.4. Company Profiles
        
        4.4.1. Adani Group
        
        4.4.2. Anhui Conch Cement Company Limited
        
        4.4.3. BBMG Corporation
        
        4.4.4. CEMEX, S.A.B. de C.V.
        
        4.4.5. Cemros
        
        4.4.6. China National Building Material Group Corporation
        
        4.4.7. China Resource Cement Holdings
        
        4.4.8. CRH
        
        4.4.9. Dangote Cement Plc.
        
        4.4.10. Heidelberg Materials
        
        4.4.11. Holcim
        
        4.4.12. SIG
        
        4.4.13. TAIWAN CEMENT LTD.
        
        4.4.14. UltraTech Cement Ltd.
        
        4.4.15. Votorantim Cimentos
        
        6.1. Global Overview
        
        6.1.1. Overview
        
        6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
        
        6.1.3. Global Value Chain Analysis
        
        6.1.4. Market Dynamics (DROs)
        
        List of Tables & Figures
        
        Figure 1:
        
        FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
        
        Figure 2:
        
        FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
        
        Figure 3:
        
        SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
        
        Figure 4:
        
        FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
        
        Figure 5:
        
        VOLUME OF CEMENT CONSUMED, TONS, GLOBAL, 2018 - 2030
        
        Figure 6:
        
        VOLUME OF CEMENT CONSUMED BY END USE SECTOR, TONS, GLOBAL, 2018 - 2030
        
        Figure 7:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
        
        Figure 8:
        
        VOLUME OF CEMENT CONSUMED IN COMMERCIAL SECTOR, TONS, GLOBAL, 2018 - 2030
        
        Figure 9:
        
        VOLUME SHARE OF CEMENT CONSUMED IN COMMERCIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
        
        Figure 10:
        
        VOLUME OF CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, TONS, GLOBAL, 2018 - 2030
        
        Figure 11:
        
        VOLUME SHARE OF CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
        
        Figure 12:
        
        VOLUME OF CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, TONS, GLOBAL, 2018 - 2030
        
        Figure 13:
        
        VOLUME SHARE OF CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
        
        Figure 14:
        
        VOLUME OF CEMENT CONSUMED IN RESIDENTIAL SECTOR, TONS, GLOBAL, 2018 - 2030
        
        Figure 15:
        
        VOLUME SHARE OF CEMENT CONSUMED IN RESIDENTIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
        
        Figure 16:
        
        VOLUME OF CEMENT CONSUMED BY PRODUCT, TONS, GLOBAL, 2018 - 2030
        
        Figure 17:
        
        VOLUME SHARE OF CEMENT CONSUMED BY PRODUCT, %, GLOBAL, 2018 VS 2023 VS 2030
        
        Figure 18:
        
        VOLUME OF BLENDED CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
        
        Figure 19:
        
        VOLUME SHARE OF BLENDED CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
        
        Figure 20:
        
        VOLUME OF FIBER CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
        
        Figure 21:
        
        VOLUME SHARE OF FIBER CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
        
        Figure 22:
        
        VOLUME OF ORDINARY PORTLAND CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
        
        Figure 23:
        
        VOLUME SHARE OF ORDINARY PORTLAND CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
        
        Figure 24:
        
        VOLUME OF WHITE CEMENT REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
        
        Figure 25:
        
        VOLUME SHARE OF WHITE CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
        
        Figure 26:
        
        VOLUME OF OTHER TYPES REINFORCED CONCRETE CONSUMED, TONS, GLOBAL, 2018 - 2030
        
        Figure 27:
        
        VOLUME SHARE OF OTHER TYPES REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
        
        Figure 28:
        
        VOLUME OF CEMENT CONSUMED BY REGION, TONS, GLOBAL, 2018 - 2030
        
        Figure 29:
        
        VOLUME SHARE OF CEMENT CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
        
        Figure 30:
        
        VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2018 - 2030
        
        Figure 31:
        
        VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
        
        Figure 32:
        
        VOLUME OF CEMENT CONSUMED, TONS, AUSTRALIA, 2018 - 2030
        
        Figure 33:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
        
        Figure 34:
        
        VOLUME OF CEMENT CONSUMED, TONS, CHINA, 2018 - 2030
        
        Figure 35:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
        
        Figure 36:
        
        VOLUME OF CEMENT CONSUMED, TONS, INDIA, 2018 - 2030
        
        Figure 37:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
        
        Figure 38:
        
        VOLUME OF CEMENT CONSUMED, TONS, INDONESIA, 2018 - 2030
        
        Figure 39:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
        
        Figure 40:
        
        VOLUME OF CEMENT CONSUMED, TONS, JAPAN, 2018 - 2030
        
        Figure 41:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
        
        Figure 42:
        
        VOLUME OF CEMENT CONSUMED, TONS, MALAYSIA, 2018 - 2030
        
        Figure 43:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
        
        Figure 44:
        
        VOLUME OF CEMENT CONSUMED, TONS, SOUTH KOREA, 2018 - 2030
        
        Figure 45:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
        
        Figure 46:
        
        VOLUME OF CEMENT CONSUMED, TONS, THAILAND, 2018 - 2030
        
        Figure 47:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
        
        Figure 48:
        
        VOLUME OF CEMENT CONSUMED, TONS, VIETNAM, 2018 - 2030
        
        Figure 49:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
        
        Figure 50:
        
        VOLUME OF CEMENT CONSUMED, TONS, REST OF ASIA-PACIFIC, 2018 - 2030
        
        Figure 51:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
        
        Figure 52:
        
        VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, EUROPE, 2018 - 2030
        
        Figure 53:
        
        VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
        
        Figure 54:
        
        VOLUME OF CEMENT CONSUMED, TONS, FRANCE, 2018 - 2030
        
        Figure 55:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
        
        Figure 56:
        
        VOLUME OF CEMENT CONSUMED, TONS, GERMANY, 2018 - 2030
        
        Figure 57:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
        
        Figure 58:
        
        VOLUME OF CEMENT CONSUMED, TONS, ITALY, 2018 - 2030
        
        Figure 59:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
        
        Figure 60:
        
        VOLUME OF CEMENT CONSUMED, TONS, RUSSIA, 2018 - 2030
        
        Figure 61:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
        
        Figure 62:
        
        VOLUME OF CEMENT CONSUMED, TONS, SPAIN, 2018 - 2030
        
        Figure 63:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
        
        Figure 64:
        
        VOLUME OF CEMENT CONSUMED, TONS, UNITED KINGDOM, 2018 - 2030
        
        Figure 65:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
        
        Figure 66:
        
        VOLUME OF CEMENT CONSUMED, TONS, REST OF EUROPE, 2018 - 2030
        
        Figure 67:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
        
        Figure 68:
        
        VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, MIDDLE EAST AND AFRICA, 2018 - 2030
        
        Figure 69:
        
        VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
        
        Figure 70:
        
        VOLUME OF CEMENT CONSUMED, TONS, SAUDI ARABIA, 2018 - 2030
        
        Figure 71:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
        
        Figure 72:
        
        VOLUME OF CEMENT CONSUMED, TONS, UNITED ARAB EMIRATES, 2018 - 2030
        
        Figure 73:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
        
        Figure 74:
        
        VOLUME OF CEMENT CONSUMED, TONS, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
        
        Figure 75:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
        
        Figure 76:
        
        VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2018 - 2030
        
        Figure 77:
        
        VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
        
        Figure 78:
        
        VOLUME OF CEMENT CONSUMED, TONS, CANADA, 2018 - 2030
        
        Figure 79:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
        
        Figure 80:
        
        VOLUME OF CEMENT CONSUMED, TONS, MEXICO, 2018 - 2030
        
        Figure 81:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
        
        Figure 82:
        
        VOLUME OF CEMENT CONSUMED, TONS, UNITED STATES, 2018 - 2030
        
        Figure 83:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
        
        Figure 84:
        
        VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2018 - 2030
        
        Figure 85:
        
        VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
        
        Figure 86:
        
        VOLUME OF CEMENT CONSUMED, TONS, ARGENTINA, 2018 - 2030
        
        Figure 87:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
        
        Figure 88:
        
        VOLUME OF CEMENT CONSUMED, TONS, BRAZIL, 2018 - 2030
        
        Figure 89:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
        
        Figure 90:
        
        VOLUME OF CEMENT CONSUMED, TONS, REST OF SOUTH AMERICA, 2018 - 2030
        
        Figure 91:
        
        VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
        
        Figure 92:
        
        MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
        
        Figure 93:
        
        MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
        
        Figure 94:
        
        PRODUCTION CAPACITY SHARE OF CEMENT BY MAJOR PLAYERS, %, GLOBAL, 2022
        
        Cement Industry Segmentation
        
        Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement are covered as segments by Product. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
        
        The demand for cement across the sectors was reduced in 2022 over 2021, resulting in a nearly 3.83% lower demand worldwide due to very low growth and even declines in the new floor area under construction. As the demand across sectors was projected to rise in 2023, the overall increase was estimated to be 0.70% higher than in 2022.
        
        The residential sector is the largest consumer of cement in the world, as most countries have concrete homes that directly convert to a large volume of cement demand from this sector. The cement market experiences the highest demand from Asia-Pacific. The region accounted for 67% of the world's total cement demand in 2022, owing to its vast population.
        
        Infrastructure is the sector in which most countries utilize a significant portion of their cement stock. Cement is among the primary raw materials of concrete, which is essential for all types of infrastructure construction, such as roads, dams, ports, etc. Asia-Pacific accounts for the largest cement consumption in this sector, primarily due to China, India, South Korea, and Japan. These countries together constituted 90% of the region's infrastructure sector's cement demand in 2022.
        
        Construction activities are expected to rise the fastest in the commercial sector. For instance, the new floor area of the commercial sector among all the sectors is poised to grow with the fastest CAGR of around 4.56% during the forecast period (2023-2030). Hence, the cement demand from the commercial sector is expected to increase the fastest globally at a CAGR of 6.18% during the forecast period and is expected to reach USD 764.6 million by 2030.
        
        End Use Sector
        
        Commercial
        
        Industrial and Institutional
        
        Infrastructure
        
        Residential
        
        Product
        
        Blended Cement
        
        Fiber Cement
        
        Ordinary Portland Cement
        
        White Cement
        
        Other Types
        
        By Country
        
        Australia
        
        China
        
        India
        
        Indonesia
        
        Japan
        
        Malaysia
        
        South Korea
        
        Thailand
        
        Vietnam
        
        Rest of Asia-Pacific
        
        By Country
        
        France
        
        Germany
        
        Italy
        
        Russia
        
        Spain
        
        United Kingdom
        
        Rest of Europe

End Use Sector
	Commercial
	Industrial and Institutional
	Infrastructure
	Residential

Product
	Blended Cement
	Fiber Cement
	Ordinary Portland Cement
	White Cement
	Other Types

By Country
	Australia
	China
	India
	Indonesia
	Japan
	Malaysia
	South Korea
	Thailand
	Vietnam
	Rest of Asia-Pacific

By Country
	France
	Germany
	Italy
	Russia
	Spain
	United Kingdom
	Rest of Europe

Cement Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2030