LONDON--(BUSINESS WIRE)--The global white cement market size is poised to grow by USD 1.73 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 4% during the forecast period.
Read the 134-page research report with TOC on "White Cement Market Analysis Report by application (residential, commercial, and infrastructure), and geography (APAC, Europe, North America, South America, and MEA) 2019 - 2023" at https://www.technavio.com/report/white-cement-market-industry-analysis
The market is driven by the growing construction market across the globe. In addition, the rising urbanization in APAC is expected to further boost the growth of the white cement market.
The growth of the global construction market is one of the major reasons for the growth of the white cement market. The global construction industry has been growing significantly over the years and the market was valued at $9.45 trillion in 2018. White cement is highly used in construction activities because of its properties such as excellent compressive strength, good workability, low shrinkage, and cracking tendencies, and high resistance to harsh climatic conditions. Thus, the increasing number of construction activities will stimulate the demand for white cement.
Emerging economies including India, China, and Indonesia in APAC are witnessing a large-scale migration of people from rural to urban areas. With this rising migration of population, the number of nuclear families is increasing considerably. The increase in the urban population in the region is further likely to create traffic congestion, shortage of housing, and increase passenger traffic. Therefore, countries are focusing on infrastructure developments, which will subsequently drive the demand for white cement, thereby fueling the market growth.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Al-Rashed Cement Co.
- Cementir Holding SpA
- CEMEX SAB de CV
- Federal White Cement Ltd.
- HeidelbergCement AG
Market Segmentation by Application:
The white cement market can be broadly categorized into the following segments:
Key Regions for the White Cement Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Materials are:
Ready-mix Concrete Market – Global Ready-mix Concrete Market by application (non-residential and residential) and geography (APAC, Europe, MEA, North America, and South America).
Lithium Carbonate Market – Global Lithium Carbonate Packaging Market by application (batteries, ceramics and glass, cement and aluminum, and others) and geography (APAC, Europe, MEA, North America, and South America).
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