UltraTech Cement is the market leader in India's cement industry. As of fiscal year 2020, it accounted for a ** percent share of the Indian cement market. UltraTech Cement is based in Mumbai and is a subsidiary of the Indian multinational conglomerate, Aditya Birla Group. Ambuja Cement had the second-highest market share that year, accounting for a ** percent share of India's cement market.

The India Cement Market Report is Segmented by Product (Ordinary Portland Cement, Blended Cement, White Cement, Fibre Cement, and Other Types) and End-Use Sector (Residential, Commercial, Industrial and Institutional, and Infrastructure). The Market Forecasts are Provided in Terms of Volume (Tons).

The Cement Report is Segmented by Product Type (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement, and Other Types), End-Use Sector (Residential, Commercial, Infrastructural, and Industrial and Institutional), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

In 2020, the residential construction sector accounted for a ** percent share of the global cement market. Comparatively, the nonresidential construction sector accounted for a ** percent share of the global cement market that year.

The global cement market size exceeded USD 475.82 billion in 2025 and is set to expand at a CAGR of over 4.3%, surpassing USD 724.91 billion revenue by 2035, driven by infrastructure development.

The global cement market size 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 cement industry continues to play a critical role in global infrastructure development, serving as a foundational material across residential, commercial, and industrial construction projects. With rising urbanization and expanding transportation networks in emerging economies, the demand for high-performance construction materials such as cement is seeing steady acceleration.

The increasing focus on smart cities, rapid industrialization, and large-scale government investments in public infrastructure projects are further fueling the need for durable and cost-effective building materials. Cement, known for its structural integrity and versatility, remains at the forefront of this evolution in the construction ecosystem.

Discover the latest insights on the booming global cement market. Explore market size projections, CAGR, key drivers, regional trends, and competitive analysis for 2025-2033. Learn about leading companies and emerging opportunities in this essential construction material sector.

The global cement industry, responsible for providing the primary building material for constructions, is expected to reach a value of nearly USD 725 billion with a compound annual growth rate of 8.9% over the forecast period. The industry is dominated by major players like LafargeHolcim, CRH, and Anhui Conch Cement. This article provides an overview of the industry's top companies, global demand, and challenges.

Learn about the global cement industry and its dominant players, market share, and competitive landscape. Discover regional variations and strategies used to increase market share.

The North America Cement Market Report and is Segmented by Type (Portland, Blended, and Others), Application (Residential, Commercial, Infrastructure, and Industrial and Institutional), and Geography (United States, Canada, Mexico, Rest of North America). The Report Offers Market Size and Forecasts for Cement in Volume (Million Tons) for all the Above Segments

Discover the top 10 cement companies by market share, including LafargeHolcim, CNBM, Anhui Conch Cement, China National Building Material, HeidelbergCement, Cemex, Eurocement, Buzzi Unicem, Vicat, and UltraTech Cement. Learn about the global cement industry and the largest cement producers in the world.

The Europe Cement Market Analysis is estimated to be valued at USD 20156.4 million in 2025 and is projected to reach USD 33782.8 million by 2035, registering a compound annual growth rate (CAGR) of 5.2% over the forecast period.

In 2024, China had the highest cement production capacity in the world by far, at an estimated 1.58 billion metric tons per year (or more). China's cement production capacity included an estimated 1.45 billion metric tons in its integrated cement plants, and a further estimated 126.5 million metric tons per year in its grinding plants.

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Cement Market Size 2024-2028

The cement market is estimated to grow by USD 89.4 billion at a CAGR of 4.25% between 2023 and 2028. The market is experiencing significant growth, driven by increasing investments in road and highway infrastructure projects, particularly in the highway sectors. This trend is fueled by government initiatives to improve connectivity and boost economic development. The market is expanding rapidly due to increased construction activities, with rising demand for high-quality cement products driving advancements in production technologies and sustainable building practices. Another key trend is the adoption of alternative fuels in cement manufacturing, such as waste materials and biomass, to reduce carbon emissions and improve sustainability. Additionally, rising construction costs are pushing cement producers to increase efficiency and reduce production costs through technological advancements and economies of scale. These factors, along with population growth and urbanization, are expected to continue driving market growth in the coming years.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

By Product

The market share growth by the blended segment will be significant during the forecast period. Blended cement is a product in which part of the clinker is substituted with other materials. The market plays a pivotal role in the infrastructure and construction sectors, particularly in the development of airports, bridges, commercial projects, and buildings. Cement consumption is driven by the demand for concrete in various applications, including the construction of healthcare centers, hospitals, housing, and dams. Cement formulations have evolved to include eco-friendly options, such as blended cement and green cement, which help reduce carbon emissions and the environmental footprint.

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The blended segment was valued at USD 184.20 billion in 2018. The production of this product involves interring one or more additives, in various proportions, at the grinding stage. Thus, blended cement can be defined as the uniform mix of portland cement and blending materials such as silica fumes, fly ash, limestone, and slag to enhance its properties for different applications. The consumption of this product is increasing as it can improve the workability, strength, durability, and chemical resistance of concrete. Additionally, water consumption is less, which makes it easy to work with and shape. This product can also be used in functions such as domestic construction, engineering projects, mining applications, and road construction. Therefore, the increase in various infrastructural development projects will drive the demand for blended cement and, contribute to the growth of the market in focus during the forecast period.

By Region

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APAC is estimated to contribute 87% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, APAC accounted for the largest share of the global market in terms of consumption. The market in APAC is dominated by China, Japan, India, Australia, South Korea, and Indonesia. The factors responsible for the growth of the market in APAC are growing industrialization, rapid urbanization, and increasing infrastructure development. APAC is leading the market as it is home to some of the leading manufacturing and export-oriented countries. Several countries in APAC are witnessing rapid economic growth, which is boosting the industrial sector and increasing the urbanization rate. China, India, Japan, and Australia significantly contribute to the growth of the market in APAC.

Moreover, in APAC, population growth will also fuel the demand for cement during the forecast period. The Smart City Mission by the Government of India has increased infrastructure development in the country. The ongoing infrastructure projects across the country will drive the demand during the forecast period. Such projects require cement, which will drive the growth of the market in APAC during the forecast period. The construction industry in several Asian countries is also growing. Developing countries, including India, Vietnam, Indonesia, and Malaysia, where residential housing constructions are growing exponentially due to a rise in household incomes and increasing urbanization, are expected to be significant contributors to the growth of the market in APAC during the forecast period.

Market Dynamics and Customer Landscape

The market witnesses robust growth driven by worldwide demand in both the industrial and institutional sectors and the in

As of January 2024, Holcim Ltd had a revenue of over ** billion U.S. dollars, which gave it the distinction of being the leading global cement company based on revenue. China National Building Material (CNBM) generated more than ** billion U.S. dollars in revenue, and came in second place in the ranking.

In 2024, Market Research Intellect valued the Cement Market Report at USD 450 billion, with expectations to reach USD 650 billion by 2033 at a CAGR of 5.2%.Understand drivers of market demand, strategic innovations, and the role of top competitors.

The cement industry is forecast to grow at a compound annual growth rate (CAGR) of 3.4% during the 2022-2030 period, driven by increasing construction activity and rapid urbanization in developing countries.

The White Cement Market Report is Segmented by Type (Type I, Type II, and Others), End-Use Sector (Commercial, Industrial and Institutional, Infrastructure, and Residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

The global green cement market size was valued at USD 38.63 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 102.04 Billion by 2033, exhibiting a CAGR of 10.20% during 2025-2033. North America currently dominates the market, holding a significant market share of over 36.6% in 2024. The green cement market is growing due to rising construction activity, strict emission norms, and demand for sustainable materials. Innovations in low-carbon cement and government support for eco-friendly infrastructure projects are driving adoption.

In 2024, cement production in the United States amounted to some ** million metric tons. Thus, the United States was ranked as the fourth leading cement producer globally. Cement producer nations: Asia in the lead China produces the most cement globally by a large margin, at an estimated **** billion metric tons in 2023. China's cement production share equates to over half of the world’s cement. India was the world's second-largest cement producer, with production amounting to a distant *** million metric tons in 2024. Vietnam was the third-largest global producer that year, at *** million metric tons. Cement producing companies Following China's ranking as the world's largest cement producing nation, the Chinese company Anhui Conch Cement was one of the world's leading cement manufacturer based on market capitalization as of February 2025, at over ***** billion U.S. dollars. That year, the Irish company Cement Roadstone Holding was the leading cement manufacturer with a market capitalization of ***** billion U.S. dollars.