Portland Cement

Global Portland Cement Market to Reach US$284.3 Billion by 2030

The global market for Portland Cement estimated at US$245.6 Billion in the year 2024, is expected to reach US$284.3 Billion by 2030, growing at a CAGR of 2.5% over the analysis period 2024-2030. Infrastructure End-Use, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$116.3 Billion by the end of the analysis period. Growth in the Residential End-Use segment is estimated at 2.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$66.4 Billion While China is Forecast to Grow at 5.1% CAGR

The Portland Cement market in the U.S. is estimated at US$66.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$57.0 Billion by the year 2030 trailing a CAGR of 5.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.6% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Global Portland Cement Market - Key Trends & Drivers Summarized

Why Is Portland Cement a Cornerstone of Modern Construction?

Portland cement is one of the most widely used building materials in the world, essential for constructing infrastructure such as bridges, highways, buildings, and dams. This type of cement serves as the primary binder in concrete, giving it the strength and durability required for modern construction. Portland cement is preferred for its versatility, affordability, and ease of use in large-scale construction projects. As urbanization accelerates and global infrastructure demands grow, the need for Portland cement is rising, making it a key material in meeting the world’s expanding construction needs.

How Are Technological Innovations Improving Portland Cement Production?

The production of Portland cement is evolving with technological innovations aimed at improving efficiency and reducing environmental impact. Innovations in kiln technologies, such as preheaters and precalciners, are reducing energy consumption during cement production. Furthermore, research into alternative materials, such as fly ash and slag, is helping to decrease the reliance on traditional raw materials, which contributes to lower CO2 emissions. The development of carbon capture and storage (CCS) technologies is also enabling cement manufacturers to reduce the carbon footprint of their operations. These advancements are making Portland cement production more sustainable while maintaining the quality and strength necessary for construction.

What Are the Environmental and Regulatory Challenges Facing the Portland Cement Industry?

The Portland cement industry is facing increasing scrutiny due to its contribution to global CO2 emissions, with cement production accounting for a significant portion of industrial greenhouse gases. As governments and environmental organizations push for stricter regulations on emissions, the industry is under pressure to adopt more sustainable practices. This has led to a growing focus on producing “green cement” and reducing the clinker content in Portland cement, which is the primary source of emissions. Additionally, regulatory frameworks in regions like Europe and North America are encouraging the use of alternative fuels and renewable energy sources in cement manufacturing to lower environmental impact.

The Growth in the Portland Cement Market Is Driven by Several Factors

The growth in the Portland cement market is driven by several factors, including the increasing demand for construction materials in emerging markets where infrastructure development is booming. Urbanization and population growth are also fueling the need for residential and commercial building projects, further driving the demand for Portland cement. Technological innovations aimed at reducing energy consumption and carbon emissions are improving the efficiency and sustainability of cement production. Additionally, government initiatives and regulations focused on environmental sustainability are pushing the industry toward more eco-friendly practices, such as the use of alternative materials and fuels in production. These factors are collectively contributing to the expansion of the Portland cement market globally.

SCOPE OF STUDY:

The report analyzes the Portland Cement market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Infrastructure End-Use, Residential End-Use, Commercial End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 46 Featured) -

• CEMEX S.A.B. DE C.V.
• Buzzi Unicem SpA
• China National Building Material Co., Ltd.
• Italcementi S.p.A
• UltraTech Cement Ltd.
• EUROCEMENT group
• LafargeHolcim
• Heidelberg Cement AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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