January 31, 2022
According to the recent 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 projected to observe considerable growth over 2021-2027.
Global white cement market growth is primarily driven by growing significance of the product in the thriving construction industry.
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For the uninitiated, the term white cement refers to a Portland cement prepared using low-iron raw materials that has a grey tint when compared to traditional Portland cement. Except for its color, it has the same qualities as grey cement. The cement comes in several colors for architectural and structural concrete, as well as masonry and building goods.
White cement concrete is an important component of any structure, especially in high-stress sites such as high-rise buildings, bridges, and parking garages. The cement has a wide range of applications in the precast concrete, surface coatings, and masonry industries owing to its high performance, strength, and color consistency.
Players in global white cement industry are expanding their presence into emerging avenues to add to their consumer base and accelerate growth. For instance, Cemix, a subsidiary of Austrian building materials manufacturer Lasselsberger, opened a new 0.24Mt white cement facility in Bashkiria, Russia, in August 2021. The firm intends to distribute its products across the country from terminals in Lukhovitsy, Krasnodar Krai, Afipsky, and, Moscow Oblast.
Based on application spectrum, others segment held 7% market share in 2020 and is expected to register considerable growth through 2027. As per end user scope, residential segment is projected to exhibit 6.4% CAGR over the study period.
Regionally, North America accounted for about 9% of global white cement market share in 2020 and is poised to amass notable returns over the coming years. Meanwhile, Latin America currently holds a significant portion of the industry revenue share and is predicted to record a CAGR of 5.1% over the analysis timeframe.
Moving on to competitive terrain, Federal White Cement Ltd., Saveh White Cement Company, Ras Al Khaimah Company, Çimsa Çimento, JK Cement Ltd., and Cementir Holding N.V. are the prominent firms impacting the overall industry dynamics.