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 Cement Market report segments the industry into End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement, Other Types), and Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Five years of historical data plus five-year forecasts are provided.

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 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

The European cement market reached ****** million metric tons in 2022. The market is expected to reach ****** million metric tons by 2028, with a CAGR of *** percent between 2023 and 2028.

The India Cement Market is segmented by End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential) and by Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement). Key Data Points observed include new construction floor area in residential, commercial, industrial and institutional sectors; existing construction floor area, infrastructure spending, and major infrastructure projects.

portland cement market size was significantly robust in 2021 and is expected to register a steady revenue CAGR over the forecast period. Portland cement is the most widely used form of synthetic adhesives in the world as a basic ingredient in concrete, mortar, stucco, and non-specialty grout.

Cement Market size is expected to be worth around USD 649.2 Billion by 2034, from USD 410.1 Billion in 2024, growing at a CAGR of 4.7%

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...

Global Cement And Concrete Products market size is expected to reach $483.62 billion by 2029 at 4.7%, segmented as by type, cement, ready-mix concrete, concrete pipe, brick, and block, other concrete products

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

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.

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.

Japan cement market size reached 33.9 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 61.4 Million Tons by 2033, exhibiting a growth rate (CAGR) of 6.4% during 2025-2033. A significant rise in infrastructure development activities across the country, ongoing technological innovation in eco-friendly products, and an aging population necessitating new healthcare and residential facilities represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	33.9 Million Tons
Market Forecast in 2033	61.4 Million Tons
Market Growth Rate (2025-2033)	6.4%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2054-2033. Our report has categorized the market based on type and end use.

This statistic depicts the market size of the cement industry in Saudi Arabia in 2014 and 2015 with a forecast for 2016 to 2020. In 2015, the market size of the cement industry in Saud Arabia was *** billion U.S. dollars.

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 White Cement Market report segments the industry into End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), Sub Product (Type I, Type III, Other Sub Product Types), and Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Get five years of historical data alongside five-year market forecasts.

The revenue of the Russian cement industry was close to *** billion Russian rubles in 2022. That was the largest annual market size over the observed period. Between 2021 and 2022, the figure increased by **** percent.

The global fiber cement market is estimated to be valued at USD 18.9 billion in 2025 and is forecast to grow to USD 30.8 billion by 2035, advancing at a CAGR of 4.5% during the forecast period.

Metric	Value
Industry Size (2025E)	USD 18.9 billion
Industry Value (2035F)	USD 30.8 billion
CAGR (2025 to 2035)	4.5%

Country-wise Analysis

Country	CAGR (2025 to 2035)
USA	4.9%

Country	CAGR (2025 to 2035)
UK	4.2%

Country	CAGR (2025 to 2035)
Japan	4.3%

Country	CAGR (2025 to 2035)
South Korea	4.5%

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.