Global White Cement Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, "Global White Cement Market, Growth Opportunities, Innovations, and Forecast, 2018-2025,” the global White Cement market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
White cement is a white colour construction material having properties like aesthetic, decorative and hydraulic binding. It is as durable and strong as grey cement; however, it differs in its colour and fineness. The applications of white cement are in terrazzo tiles, paints, pavers, pre-fabricated products like artificial walls, tile adhesives and others. White cement combines with colour pigment to produces attractive shades of colour for wall. Plaster based out of white cement is used in covering facades and swimming pool owing to its high durability and less maintainability. The ability of white concrete to mould in any shape makes it ideal for sculptures, monuments and restoration of archaeological sites.
Expansion of construction activities in emerging economies like Asia pacific and Middle East is a prominent driver in this market. Furthermore, the growth in trend of shifting from glass and steel buildings to concrete buildings in the developed countries such as France and Italy leads to the growth of the market. Construction market in India is growing rapidly leading to growth of white cement market. South Asia is holding the white cement and continuous growth in construction is the major factor beside it. White Portland cement is holding the majority of share of white cement and the utility is confined to architectural application, which is more costlier that ordinary Portland cement.
White cement market is segmented on the basis of type which includes white masonry cement, white Portland cement, and others. Further the segmentation is done by end use type which includes residential, commercial, and industrial.
The global White cement market is studied across regions: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). The Asia-Pacific construction sector is the largest in the world, and it is increasing at a healthy rate, due to the rapid industrialization of India, China, Japan, and Australia. Asia-Pacific is even anticipated to exhibit highest market growth in upcoming year due to the presence of India, which is the second largest market for white cement with emerging infrastructure growth. In terms of geographic region, countries in Asia Pacific such as India, China, Japan, and Australia are the leading markets for white cement due to rapid industrialization and economic growth.
Key players: Key players operating in the white cement market include Birla White (UltraTech), Cementir Holding, Federal White Cement, JK Cement, Cemex, Cementos Portland Valderrivas, Saveh White Cement Company, Cimsa Cimento, and Ras Al-Khaimah Company. These companies invest significantly in R&D activities to develop and enhance advanced products to meet market demand.
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.