December 01, 2021
According to a 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 anticipated to garner notable returns over 2021-2027.
As per the report findings, rising product demand in the construction sector is primarily driving global white cement market growth. Notably, neutral tinting base and consistent color results obtained from using white cement while fabricating structural and architectural concrete allow for the creation of a wide range of colors, ranging from pure whites to pastels, which is positively swaying the industry outlook in recent years.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4202321/
For the uninitiated, white cement refers to Portland cement that is prepared using low-iron raw materials, and except for the color, it has the same qualities as grey cement.
High performance and consistent strength & color of white cement allows its usage in various applications including precast concrete, surface coatings, and masonry industries, which is further propelling the market development.
On the basis of application type fragmentation of global white cement market, others segment held a share of 7% in the year 2020 and is expected to exhibit substantial growth during the forecast period.
By end user vertical, the residential sector is anticipated to showcase a CAGR of 6.4% through the analysis timeframe to amass sizeable returns by the end of 2027.
Considering the regional landscape, the market spans across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the North America market had a volume share of 9% in 2020 and is expected to grow at a rapid rate between 2021 and 2027. Whereas, Latin America currently has a significant revenue share in the market and is slated to expand at a CAGR of 5.1% over the forecast period.
Key players in worldwide white cement market are Cementos Portland Valderrivas S.A., Federal White Cement Ltd., Saveh White Cement Company, Ras Al Khaimah Cement Company, Çimsa Çimento Sanayi ve Ticaret A.?., SOTACIB, J.K. Cement Ltd., CEMEX S.A.B. de C.V, Cementir Holding N.V., and Aditya Birla Management Corporation Ltd.