The white cement industry has shown steady growth worldwide in recent years. As an important construction material, white cement is widely used in applications such as wall decorations and precast concrete products. Understanding the development trends and investment opportunities in the global and Chinese white cement industry will benefit investors looking to deploy capital in this sector. This article provides an in-depth analysis of the supply, demand, competitions, key players, and future outlook of the white cement industry.
Global white cement market reached $11.7 billion in 2019
According to market research, the global white cement market reached $11.7 billion in 2019 and is projected to reach $9 billion by 2026, representing a -3.6% CAGR. Asia Pacific accounted for the largest market share, followed by Europe and North America. Market growth can be attributed to rising construction activities and infrastructure development projects worldwide, especially in developing countries.
China’s white cement demand driven by real estate and infrastructure sectors
China is the world’s largest producer and consumer of cement. Total cement production capacity in China exceeded 2 billion tons in 2019. White cement accounts for about 2-3% of the total cement output. Market demand is driven by the booming real estate and infrastructure sectors. China’s white cement production is estimated to reach 12 million tons by 2022.
Key global white cement manufacturers
Global white cement manufacturers include Cementir Holding, JKCL, Cimsa, Cemex, Ras Al Khaimah, and others. The market is fragmented with the top 10 players accounting for less than 55% of total capacity. Companies are adopting strategies like capacity expansion, mergers & acquisitions, and developing high value-added products to increase market share and profitability.
Future outlook positive backed by construction sector growth
The medium to long term outlook for the global white cement industry remains positive, supported by steady growth in the construction sector. However, factors like energy costs, environmental regulations, and geopolitical risks may constrain short term growth. Overall, white cement presents attractive investment opportunities, especially in emerging markets.
Driven by demand from construction and infrastructure sectors, the white cement industry has shown healthy growth worldwide. Leading manufacturers are located in Europe, Middle East, Asia Pacific and Americas. With positive long term fundamentals, the white cement sector provides favorable prospects for investments.