The new report by Expert Market Research titled, ‘Global White Cement Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global white cement market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 5 billion
• Forecast CAGR (2020-2025): 5%
• Forecast Market Size (2025): USD 6.7 billion
The global white cement market is being driven by the rising urbanisation in growing economies, along with increasing demand for infrastructural activities across the world. Mounting investments in residential and non-residential projects globally is augmenting the growth of white cement in the market. Growing population and rising living standards in the developing nations are driving the demand for improved structures. In addition to this, the demand for aesthetic and embellished appearance with modern designs is aiding the industry growth. Rapid technological advancements and penetrating civil construction industries owing to flourishing tourism industry across the world are expected to further propel the market growth.
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Industry Definition and Major Segments
White cement is a construction material that is almost similar to the common grey cement but is differentiated on the basis of its pure white colour because of the low content of manganese and iron compounds. The material is extensively used in construction industries to ensure a clean, bright, and smooth finish.
On the basis of type, the industry is divided into:
• White Portland Cement
• White Masonry Cement
Based on applications, the market is segmented into:
The regional markets for white cement include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Among the regional markets, the Asia Pacific is the fastest growing market with wide applications of white cement in construction activities.
The rising commercial and residential sectors are the major factors driving the global white cement market. The growing investments into numerous private sector building projects have provided an impetus to the growth of the market. The market is expected to witness a positive growth in the forecast period due to the government programmes promoting economic stimulation such as multi-level housing projects and public infrastructure development projects. In India, according to the Union-budget 2020-21, the GOI has allocated an amount of USD 1.93 billion for the Urban Rejuvenation Mission: AMRUT and Smart Cities. The Indian Government’s push for infrastructural projects is expected to significantly boost the construction and infrastructure development in the region, thus, further aiding the growth of the white cement market.
Key Market Players
The major players in the market are Cementir Holding N.V. (BIT: CEM), Cementos Molins, S.A. (NYSE: SA), Buzzi Unicem SpA (BIT: BZU), Ultratech Cement Ltd. (NSE: ULTRACEMCO), JK Cement Ltd. (NSE: JKCEMENT), Çimsa Çimento Sanayi ve Ticaret A.S. (IST: CIMSA), Federal White Cement, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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