Report ID: SQMIG20B2044
Report ID:
SQMIG20B2044 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global White Cement Market size was valued at USD 8.2 billion in 2022 and is poised to grow from USD 8.59 billion in 2023 to USD 12.50 billion by 2031, growing at a CAGR of 4.8% during the forecast period (2024-2031).
The white cement market is experiencing growth due to the expanding interest in the development business. Factors such as modernization, an increase in the standard of living, and technological advancements contribute to the rising demand for construction materials like white cement boards, panels, and cladding materials.
The global white cement market is influenced by several key drivers. Firstly, the growing construction and infrastructure development activities worldwide are significant drivers of market growth. White cement is highly sought after for its aesthetic appeal, durability, and ability to enhance the brightness of concrete structures, making it a preferred choice for prestigious architectural projects and decorative applications.
Secondly, the rising demand for white cement in the manufacturing of tiles, ceramics, and decorative products is driving market expansion. White cement offers superior color consistency, allowing manufacturers to create vibrant and visually appealing products. It is extensively used in the production of white tiles, sanitaryware, countertops, and architectural elements, thereby stimulating market growth.
Furthermore, the increasing preference for sustainable construction materials is a driver of the white cement market. White cement is known for its energy-efficient manufacturing process and its ability to reflect sunlight, which can contribute to reducing energy consumption in buildings. The growing emphasis on sustainable construction practices and green building certifications is expected to further drive the demand for white cement.
US White Cement Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG20B2044