— Eswara Prasad
WIN SIVERS DRIVE, OR, UNITED STATES, October 21, 2024 /EINPresswire.com/ — According to Allied Market Research, the global white cement market size was value at USD 7,966.5 million in 2017, is projected to grow to USD 10,904.1 million by 2025, registering a Compound Annual Growth Rate (CAGR) of 4.0% from 2018 to 2025. This comprehensive report offers a deep dive into key growth strategies, market drivers, opportunities, and competitive landscape, making it an essential resource for market players, investors, stakeholders, and new entrants looking to navigate and capitalize on the industry’s evolving dynamics.
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The white cement market’s robust growth is primarily driven by the rapid expansion of the construction industry and the increasing purchasing power of end users. Additionally, the rising use of white cement in decorative applications further fuels market growth. Despite challenges such as lower strength compared to other cements and higher costs relative to gray cement, the increasing demand for white cement as a substitute for gray cement presents significant opportunities for market expansion.
Market Segmentation Insights:
Type: The market is categorized into white Portland cement, white masonry cement, and others. The white Portland cement segment dominated the market with over two-thirds of the share in 2017 and is expected to sustain its leadership through 2025, driven by its use in white concrete for construction and decorative applications. This segment is anticipated to exhibit the fastest CAGR of 4.1% during the forecast period.
End Use: The market is divided into residential, commercial, and industrial segments. The residential sector held nearly half of the market share in 2017 and is projected to maintain this dominance. The commercial segment, however, is forecasted to grow at the highest CAGR of 4.3% from 2018 to 2025, reflecting increasing investments and construction activities.
Regional Insights:
In 2017, the Asia-Pacific region held more than 40% of the white cement market revenue. It is anticipated to experience the highest CAGR of 4.3% from 2018 to 2025, driven by significant building and construction expenditures in China and India. The growing urban population and subsequent rise in construction activities, particularly in countries like India, Japan, and China, are expected to boost demand for white cement products.
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Leading Market Players:
Key players analyzed in the report include Saudi White Cement Co., Cementir Holding SPA, Adana Cement, Çimsa Cement Industry and Trade Inc., Saveh White Cement Co., JK Cement, Federal White Cement, Cemex, Birla White (Ultratech), and Cementos Portland Valderrivas. These companies are employing various strategies such as mergers and acquisitions, partnerships, and new product innovations to strengthen their market positions.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the white cement market analysis from 2023 to 2033 to identify the prevailing white cement market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the white cement market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global white cement market trends, key players, market segments, application areas, and market growth strategies.
Related Report:
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https://www.alliedmarketresearch.com/supplementary-cementitious-materials-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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Allied Market Research
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