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Portland Cement Industry | Price Trends, Demand by Regions, Size and Forecast to 2027

According to IMARC Group latest published report, The global Portland cement industry reached a volume of 2.1 Billion Tons in 2021. Looking forward, IMARC Group expects the market to reach 2.7 Billion Tons by 2027, exhibiting at a CAGR of 4% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2022-2027

Global Portland Cement Industry Trends:

The market is primarily driven by the increasing demand for Portland cement in the construction industry for manufacturing stucco, grout, concrete, and mortar. Besides this, governments of various countries are undertaking development activities for providing better connectivity to remote areas. In addition to this, they are extensively investing in the infrastructure sector to construct roads, dams, and foundations, especially across emerging economies like India, China, and Brazil, which is significantly influencing the market growth. Furthermore, rapid urbanization and industrialization, and easy availability of raw materials are also positively impacting the demand for Portland cement across the globe.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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List of Major Key Players: 

Some of the Largest portland cement companies are Mitsubishi Cement Corporation, Alamo Cement Company, Lafarge, Martin Marietta, Heidelberg Cement, National Cement Company, American Cement Company, Holcim, Argos, Essroc, China National Building Material, Salt River Materials Group, Italcementi, Anhui Conch Cement, Ash Grove Cement Company, Tanzania Portland Cement Company, Quikrete, CalPortland Company, Capitol Aggregates, CEMEX, GCC of America, Lehigh Hanson, NationalCement Company of Alabama, Ultratech Cement and BuzziUnicem USA, etc.

Industry Definition and Application:

Portland cement is a grey-colored inorganic substance that is used in various construction activities. It consists of four compounds, namely, dicalcium silicate, tricalcium silicate, tricalcium aluminate, and tera-chemical aluminoferrite. It is manufactured by combining elements such as calcium, silicon, iron, aluminum, limestone, shale, and clay. These materials are readily available and occur naturally, making them cost-efficient. Portland cement offers high durability and strength with excellent binding properties. As a result, it is increasingly used in the construction of high-rise buildings, dams, bridges, tunnels, and residential complexes.

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Market Summary: 

  • Based on the type, the market has been segmented into types 1, 2, 3, 4, and 5.
  • On the basis of the application sector, the market has been classified into residential, commercial, and industrial.
  • The market has been categorized based on the packing type into 10 kg, 15 kg, 25 kg, and others.
  • On the basis of the import-export market, the market has been segregated into import and export.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, and others), Europe (Germany, the United Kingdom, and others), Latin America (Brazil, Argentina, and others), and Middle East and Africa (Saudi Arabia, South Africa, and others).

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