October 07, 2021
According to the research report titled, ‘White Cement Market Size By Grade (Type 1, Type 3), By Application (Architectural, Flooring, Tile Grouting), By End-user (Residential, Commercial, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021-2027’, available with MarketStudyReport, global white cement market is expected to register notable gains during 2021-2027.
Increasing product prominence across the construction segment and extensive product application in surface coatings, masonry verticals, and precast concrete owing to its high performance and consistent color & strength are boosting global white cement market growth.
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For the unversed, white cement is a Portland cement made using raw materials which are low in iron compounds. It is widely used for decorative and architectural concrete because it gives a neutral tinting base along with consistent color results, ranging from pure whites to pastel colors.
Additionally, major companies are extending their presence into the emerging marketplaces to expand their consumer base which is further augmenting the industry outlook.
On the downside, high production costs associated with these products are slowing down the progression of white cement market.
Considering application-based fragmentation of global white cement market, others segment captured a volume share of 7% in 2020 and is anticipated to expand notably during the forecast period. On the basis of end user scope, residential segment is projected to register a CAGR of 6.4% during 2021-2027.
Speaking of geographical landscape, the research literature considers regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to portray the regional matrix of the industry. Among these, North America market held a volume share of 9% in 2020 and is slated to progress substantially over the analysis timeline. Furthermore, Latin America currently holds a significant market share and is projected to grow at a CAGR of 5.1% during 2021-2027.
Major players operating in worldwide white cement market sphere are Cementos Portland Valderrivas SA, Federal White Cement Ltd., Saveh White Cement Company, Ras Al Khaimah Cement Co., Cimsa Cimento Sanayi VE Ticaret AS, Societe Tuniso-Andalouse de Ciment Blanc SA, JK Cement Ltd., CEMEX S.A.B. de C.V., Cementir Holding NV, and Aditya Birla Management Corporation, Ltd.