Cement demand growth is forecast to increase in certain world regions between 2024 and 2030. The growth in demand is estimated to be the highest in Sub-Saharan Africa with a projected growth of ** percent by 2030. Leading cement manufacturers China produces the most cement of any country in the world, estimated to be about *** million metric tons in 2024. The world's leading cement manufacturers based on installed capacity as of 2025 were China's CNBM and Anhui Conch, and the Swiss company Holcim. Cement industry emissions The cement industry plays a significant role in global greenhouse gas emissions, with major companies contributing substantially to the sector's carbon footprint. Holcim Group is the biggest historical cement industry emitter, with *** billion metric tons of carbon dioxide equivalent (GtCO₂e). This figure dwarfs the annual emissions of many countries, highlighting the immense environmental impact of cement production worldwide.

Cement demand worldwide is forecast to rise by *** percent annually between 2022 and 2026, when the global volume of cement demanded is estimated to be *** billion metric tons. This anticipated growth of the global demand for cement is based on large infrastructure projects in Asia and Africa, rising urbanization, and other related factors.

The global cement market size was valued at around USD 371.1 billion in 2024 and is projected to grow at a CAGR of more than 5.5%, reaching USD 744.34 billion revenue by 2037. Blended segment is set to capture 54.9% share by 2037, driven by its ability to reduce CO2 emissions and its increasing adoption in sustainable construction practices.

The global cement market reached a value of USD 403.70 Billion in the year 2024. The market is expected to grow at a CAGR of 5.40% between 2025 and 2034 to reach USD 683.07 Billion by 2034.

The Global Green Cement Market is expected to grow from USD 39.19 billion in 2024 to USD 62.85 billion by 2030, with a CAGR of 8.19% during 2025-2030.

The United States cement market size attained a value of approximately 110.37 MMT in 2024. The market is further projected to grow at a CAGR of 2.00% in the forecast period of 2025-2034, reaching a value of around 134.54 MMT by 2034.

According to Cognitive Market Research, the global Cement market size will be USD 528240 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 153189.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 126777.60 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 195448.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 20073.12 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 21129.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 11621.28 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033.
Infrastructure segment dominates the cement market, driven by large-scale investments in transportation, energy, and public utility projects

Market Dynamics of Cement Market

Key Drivers for Cement Market

Rising Urbanization and Infrastructure Development to Boost Market Growth

The increasing pace of urbanization, especially in developing nations, is a significant driver for the cement market. As populations migrate from rural areas to urban centers, the demand for residential and commercial infrastructure continues to rise. Governments across emerging economies are investing heavily in infrastructure projects, including roads, bridges, and public transportation systems. Additionally, the growing middle-class population is driving the need for modern housing, further boosting cement consumption. This trend is expected to continue over the coming years, contributing to sustained growth in the global cement market. For instance, in August 2023, CEMEX S.A.B. de C.V. and Synhelion SA announced a significant milestone in their joint effort to develop fully solar-driven cement production to industrially viable levels through the continuous production of clinker, the most energy-intensive part of cement manufacturing, using only solar heat p> https://www.cemex.com/w/cemex-and-synhelion-make-further-progress-toward-the-world-s-first-fully-solar-powered-cement-plant#:~:text=Monterrey%2C%20Mexico%20and%20Zurich%2C%20Switzerland,technology%20to%20industrially%2Dviable%20levels

Government Investments in Smart Cities and Housing Projects To Boost Market Growth

Governments worldwide are emphasizing the development of smart cities and affordable housing projects to meet the growing urban population's needs. Massive investments in these projects require large quantities of cement, fueling market growth. Smart city initiatives often involve the construction of advanced infrastructure such as smart buildings, transportation systems, and utility networks, all of which rely heavily on cement. Similarly, affordable housing programs aimed at reducing housing shortages in developing regions are further propelling demand for cement, supporting the market's long-term growth.

Restraint Factor for the Cement Market

High Carbon Emissions from Cement Production, Will Limit Market Growth

One of the major restraints affecting the cement market is the high level of carbon emissions associated with cement manufacturing. Cement production is a highly energy-intensive process that releases significant amounts of carbon dioxide (CO?) into the atmosphere, contributing to global climate change. Environmental regulations are becoming increasingly stringent, forcing manufacturers to invest in cleaner technologies or carbon capture methods. However, implementing these technologies often increases operational costs, which can impact the overall profitability of cement manufacturers and hinder market growth in the long term.

Market Trends in Cement Market

Increasing Adoption of Green Cement

A notable trend in the cement market is the growing adoption of green cement, drive...

U.S. CEMENT MARKET valued USD 18.7 Billion in 2024 and is projected to surpass USD 24.0 Billion through 2032

The India Cement Market, valued at 3.96 Billion tons in 2024, is expected to reach 5.1 Billion tons by 2030, growing at a CAGR of 5.1% during 2025-30.

The global GCC Cement market reached USD 6,492.7 million in 2020. Worldwide demand for GCC Cement saw a 5.7% year-on-year growth in 2025, suggesting an expansion of the market to USD 8,566.5 million in 2025. Projections for the period between 2025 and 2035 indicate a 5.7% compound annual growth rate (CAGR) for global GCC Cement sales, resulting in a market size of USD 14,912.6 million by the end of 2035.

Attributes	Key Insights
Estimated Value (2025)	USD 8,566.5 million
Projected Size (2035)	USD 14,912.6 million
Value-based CAGR (2025 to 2035)	5.7%

Semi-Annual Market Update for the GCC Cement Industry

Particular	Value CAGR
H1 2024	5.6% (2024 to 2034)
H2 2024	5.7% (2024 to 2034)
H1 2025	5.8% (2025 to 2035)
H2 2025	5.9% (2025 to 2035)

Country-wise Insights in the GCC Cement Market

Countries	Value CAGR (2025 to 2035)
Saudi Arabia	4.6%
Oman	6.0%
Kuwait	5.7%
UAE	4.9%
Qatar	5.3%

Category-wise Insights in the Construction Cement Sector

Segment	Value Share (2025)
Ordinary Portland Cement (Product Type)	60.4%

Segment	Value Share (2025)
Residential and Commercial Building(End Use)	56.7%

The GCC cement market size reached 94.5 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 142.8 Million Tons by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. The robust economic growth, increasing urbanization, governmental investments in mega-projects, sustainable construction practices, rising population, and the focus on affordable housing solutions are among the key factors driving the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	94.5 Million Tons
Market Forecast in 2033	142.8 Million Tons
Market Growth Rate 2025-2033	4.7%

IMARC Group provides an analysis of the key trends in each segment of the GCC cement market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on type and end use.

Concrete and Cement Market Outlook

The global concrete and cement market size was valued at approximately USD 600 billion in 2023 and is projected to reach around USD 850 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period. The primary growth factor driving this market is the rapid urbanization and industrialization in emerging economies, which are boosting construction activities across residential, commercial, and infrastructure sectors. This surge in construction demand necessitates a substantial increase in concrete and cement requirements, consequently catalyzing market expansion. Furthermore, government initiatives aimed at infrastructure development and renovation projects, particularly in developing regions, are further propelling market growth.

One of the key growth factors for the concrete and cement market is the burgeoning demand for sustainable and eco-friendly construction materials. As environmental concerns escalate, there is an increasing shift towards the adoption of green building practices. Innovations in the production of environmentally sustainable concrete and cement, including the use of alternative binders and recycled aggregates, are gaining traction. The emphasis on reducing carbon emissions in the construction sector has prompted manufacturers to invest in research and development to formulate products with lower environmental impact, thereby driving the market forward. Additionally, the incorporation of technology in the production process, such as AI-driven quality control and automation, is enhancing efficiency and product quality, further supporting market growth.

Another significant growth factor underpinning the expansion of the concrete and cement market is the rising demand for infrastructural development in urban areas. Developing nations, particularly in Asia and Africa, are witnessing rapid urban population growth, necessitating extensive construction of housing, roads, bridges, and other essential infrastructure. This surge in infrastructural projects calls for a consistent supply of concrete and cement, bolstering market dynamics. Moreover, the trend of smart city development is gaining momentum, which requires advanced building materials capable of enhancing the durability and sustainability of urban infrastructure. The concrete and cement industry is adjusting to these demands by developing products that meet the specifications of contemporary urban planning.

The global concrete and cement market is also benefitting from the robust growth in the commercial and industrial construction sectors. Economic advancements and the proliferation of industries such as manufacturing, retail, and hospitality are driving the need for modernized commercial spaces and industrial facilities. This trend mandates the use of high-strength and durable construction materials, thus fueling the demand for advanced concrete and cement products. Furthermore, the oil and gas sector's infrastructure needs, including the construction of drilling platforms, refineries, and pipelines, are contributing to market expansion. As these industries continue to thrive, the corresponding demand for concrete and cement products is expected to experience sustained growth.

Cement Manufacturing plays a pivotal role in the concrete and cement industry, serving as the backbone for producing essential construction materials. The process involves the transformation of raw materials like limestone, clay, and iron ore into clinker through a high-temperature kiln process, which is then ground into the fine powder known as cement. This manufacturing process is critical as it determines the quality and properties of the cement, impacting its performance in various applications. Innovations in cement manufacturing, such as the use of alternative fuels and raw materials, are increasingly being adopted to reduce the carbon footprint and enhance sustainability. These advancements not only contribute to environmental conservation but also improve the efficiency and cost-effectiveness of cement production. As the demand for eco-friendly construction materials rises, the cement manufacturing sector is poised to evolve, incorporating cutting-edge technologies and sustainable practices to meet the needs of modern construction projects.

Product Type Analysis

In the concrete and cement market, the product type segment comprises Portland Cement, Ready-Mix Concrete, Precast Concrete, and others. Portland Cement remains the most widely used type, owing to its

The Mexico cement market size reached around 46.90 MMT in 2024. The market is projected to grow at a CAGR of 1.10% between 2025 and 2034, reaching almost 52.32 MMT by 2034.

Cement Market Outlook

The global cement market size was valued at approximately USD 340 billion in 2023 and is projected to reach around USD 520 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period. The steady growth of this market is attributed to the rising demand for cement from the infrastructural development sector, particularly in emerging economies. Factors such as urbanization, industrialization, and increasing construction activities are key drivers propelling the demand for cement worldwide.

One of the primary growth factors for the cement market is the surge in infrastructural projects globally. Governments in developing nations are investing heavily in infrastructure to support urbanization and economic growth. Massive projects such as roads, bridges, airports, and residential buildings require substantial amounts of cement. Additionally, the trend of smart city development has further enhanced the demand for high-quality cement, as these projects require robust and sustainable construction materials. The growing focus on developing resilient infrastructure to withstand environmental challenges also contributes to the market expansion.

Another significant factor driving the cement market is the booming construction industry. The rise in population and the consequent demand for housing have led to increased residential construction activities. Similarly, the commercial sector is witnessing significant growth, with the construction of new commercial complexes, shopping malls, and office spaces. This surge in construction activities across residential, commercial, and industrial sectors has resulted in a consistent demand for cement, thus fueling the market's growth trajectory.

Technological advancements in cement manufacturing processes are also playing a crucial role in market growth. Innovations such as the use of alternative fuels, energy-efficient production techniques, and the development of eco-friendly cement variants are gaining traction. These advancements not only enhance the quality and durability of cement but also reduce the environmental impact, aligning with the global sustainability goals. The increasing adoption of green construction practices is expected to further drive the demand for innovative cement products in the coming years.

From a regional perspective, Asia Pacific dominates the global cement market, accounting for the largest share. The region's growth is driven by rapid urbanization, industrialization, and government initiatives to develop infrastructure. Countries like China and India are the major contributors to this growth, with significant investments in construction and infrastructure projects. North America and Europe also hold substantial market shares, primarily due to the renovation and refurbishment activities in these regions. Meanwhile, the Middle East & Africa and Latin America are emerging markets with considerable growth potential, supported by increasing infrastructural developments and construction activities.

Cement Packaging plays a crucial role in maintaining the quality and usability of cement during transportation and storage. As the demand for cement continues to rise, the importance of effective packaging solutions becomes increasingly evident. Packaging not only protects the cement from moisture and contamination but also facilitates easy handling and distribution. Innovations in packaging materials and designs are helping to enhance the shelf life of cement, ensuring that it reaches the end-users in optimal condition. The development of eco-friendly and recyclable packaging options is also gaining traction, aligning with the industry's sustainability goals. As the market expands, the need for efficient and sustainable packaging solutions is expected to grow, driving advancements in this segment.

Product Type Analysis

The cement market is segmented into various product types, including Portland Cement, Blended Cement, Specialty Cement, and others. Portland Cement is the most widely used type, owing to its versatile nature and ease of production. It is primarily used in constructing residential buildings, commercial spaces, and infrastructural projects. The demand for Portland Cement is driven by its cost-effectiveness and high compressive strength, making it a preferred choice for builders and contractors worldwide. Additionally, the growing construction activities in emerging economies further bolster the demand f

After three years of growth, the global cement market decreased by -4% to $379.6B in 2024. The market value increased at an average annual rate of +1.8% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $395.2B, and then shrank modestly in the following year.

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Saudi Arabia Cement Market Size 2025-2029

The saudi arabia cement market size is forecast to increase by USD 2.39 billion billion at a CAGR of 6.3% between 2024 and 2029.

The market presents significant growth opportunities for global investors and businesses, driven by the Saudi Arabian government's ambitious Vision 2030 initiative. This comprehensive plan focuses on diversifying the economy, increasing private sector participation In the construction industry, and promoting energy efficiency. One key component of this strategy is the launch of low-power-consuming cement plants, which aligns with the government's goal of reducing carbon emissions and promoting sustainable development. Another significant factor fueling market growth is the expat levy on foreign nationals, which has led to an increase in local labor force participation In the cement industry. This trend is expected to continue, as the government encourages the hiring of Saudi nationals and provides incentives for companies that comply with local labor laws. However, challenges remain, including intense competition from established players and the volatility of raw material prices, particularly for limestone and gypsum. Companies seeking to capitalize on market opportunities and navigate these challenges effectively should focus on innovation, cost competitiveness, and strategic partnerships with local suppliers and distributors. By staying abreast of market trends and government policies, businesses can position themselves for long-term success In the Saudi Arabian cement market.

What will be the size of the Saudi Arabia Cement Market during the forecast period?

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The market exhibits growth, driven by the country's expanding construction sector. Infrastructure projects, including transportation and utilities, account for a significant portion of this demand. Residential, commercial, industrial, and institutional buildings also contribute to the market's sizeable growth. Cement is a crucial construction material In these projects, with applications ranging from foundations to insulation. Saudi Arabia's cement industry includes both domestic production and imports. The presence of numerous cement plants In the kingdom ensures a steady supply. The market trends include the increasing use of white cement and hydraulic cement in various applications. Supplementary cementitious materials, such as fly ash and slag, are gaining popularity due to their environmental benefits. Despite the market's positive outlook, natural disasters and geopolitical risks pose challenges. The industry remains resilient, with ongoing investments in new projects and expansions. The future of the market remains promising, underpinned by the country's economic development and infrastructure investment plans.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationResidentialCommercialTypeBlendedPortlandOthersLocationCentralWesternSouthernEasternNorthernGeographySaudi Arabia

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The Saudi Arabian cement market is experiencing growth due to the government's housing initiatives, particularly In the residential application segment. Notable developments include ROSHN's Warefa Project in Riyadh, which will provide 2,000 housing units and contribute to the Vision 2030 goal of increasing homeownership rates and offering diverse housing options. The construction sector, including infrastructure projects, residential, commercial, industrial, and residential construction projects, is a significant consumer of cement. Key applications include ready-mix concrete, transit mix concrete, central mix concrete, share mix concrete, pre-cast products, pre-cast elements, paving stones, reinforced concrete, and non-reinforced concrete. Cement plants produce various types of cement, such as white cement and hydraulic cement, to cater to these applications. The infrastructure sector's focus on roads and highways, petrochemicals, lightweight blocks, thermal insulation, and renewable energy infrastructure also drives cement demand. Cement is essential for various projects, including urban apartments, single-family dwellings, retail spaces, mixed-use developments, e-commerce fulfillment centers, and water treatment facilities. Oil price movements can impact the cement industry due to the energy-intensive production process. The precast industry, architectural facades, and decorative applications are additional growth areas. The cement market's future growth may be influenced by factors like forward and backward integration, infrastructure projects, and non-residential

The Europe cement market stood at a volume of around 176.58 MMT in 2024. The market is further expected to witness a CAGR of 1.90% in the forecast period of 2025-2034.

In 2024, the U.S. cement market increased by 1.6% to $16.8B, rising for the fourth year in a row after two years of decline. Overall, the total consumption indicated a tangible increase from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +24.8% against 2020 indices.

The North America green cement market is projected to expand at a CAGR of 8.50% from 2025 to 2033, reaching a market size of XX million by 2033. The growing construction sector, particularly in the residential and non-residential segments, is driving market growth. Increasing environmental concerns and government regulations promoting the use of sustainable building materials are further propelling market expansion. The market is segmented by product type into fly ash-based, slag-based, limestone-based, silica fume-based, and others. Fly ash-based green cement holds a significant market share due to its cost-effectiveness, durability, and environmental benefits. The rising awareness of green building practices and the availability of government incentives are driving the adoption of green cement across various construction projects. The United States is expected to dominate the regional market throughout the forecast period, followed by Canada and Mexico. This report provides a comprehensive analysis of the North America green cement market, with insights into market concentration, trends, key segments, and industry developments. Recent developments include: November 2023: CRH agreed on a major deal in Texas two months after moving its primary listing from London to New York. It announced that it bought assets from Martin Marietta for USD 2.1 billion., September 2023: Fortera Corporation aimed to fire up as many as seven commercial plants in the next five years with USD 1 billion in financing to fund its aggressive expansion., June 2023: Eco Material Technologies, in partnership with Hive 3D, as part of The Casitas @ The Halles project, unveiled the first 3D-printed homes made using almost zero carbon cement. Hive 3D used Eco Material Technologie's green cement called PozzCEM Vite as part of the construction, replacing 100% of Portland cement in concrete., March 2023: Holcim Mexico started production of its Fuerte Más reduced-CO2 cement at its cement production units in Macuspana and Tabasco, with a combined rate of production of 60,000 tons per year. The company replaced some of the clinker in the cement with locally sourced minerals from Southeast Mexico, and the new cement now offers 50% reduced carbon dioxide emissions and 10% higher physical performance than ordinary Portland cement., November 2022: Titan America LLC announced the full conversion of its cement plants to the production of Type IL portland-limestone cement, a low-carbon construction material. Titan America LLC partnered with customers in New York City, New Jersey, Virginia, North Carolina, and Florida to champion the low carbon cement for use in their concrete., September 2022: The German building materials company formerly named HeidelbergCement rebranded to Heidelberg Materials., February 2022: Holcim and Eni announced the establishment of a collaboration to develop an innovative technology to produce green cement from captured carbon. The partnership involves the creation of a demonstration plant with the aim of testing the reduction of the CO2 footprint of cement and the integration of this innovative solution in cement plants.. Key drivers for this market are: Growing Green Construction Activities in North America, Favorable Government Policies for Green Building Construction; Abundance of Availability of Raw Materials. Potential restraints include: Growing Green Construction Activities in North America, Favorable Government Policies for Green Building Construction; Abundance of Availability of Raw Materials. Notable trends are: Residential Construction to Dominate the Market.

Cement Production in Spain increased to 1713 Thousands of Tonnes in June from 1617 Thousands of Tonnes in May of 2025. This dataset provides - Spain Cement Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.