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 Asia-Pacific 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 Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam, Rest of Asia-Pacific).

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 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.

In 2020, the residential construction sector accounted for a 41 percent share of the global cement market. Comparatively, the nonresidential construction sector accounted for a 27 percent share of the global cement market that year.

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 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 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.

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 Indonesian cement market, a significant player in Southeast Asia's construction boom, is poised for robust growth. While precise figures for market size and CAGR are not provided, analyzing related Southeast Asian markets and considering Indonesia's rapid infrastructure development suggests a substantial market value, potentially exceeding $10 billion in 2025. Drivers for this growth include government initiatives focused on infrastructure development (e.g., toll roads, airports, and housing projects), rising urbanization leading to increased residential construction, and a burgeoning industrial sector demanding cement for manufacturing facilities and commercial buildings. The market is segmented by end-use sector (commercial, industrial & institutional, infrastructure, residential) and product type (blended cement, fiber cement, ordinary Portland cement, white cement, and others). Blended cement and ordinary Portland cement likely dominate the market share, reflecting cost-effectiveness and widespread application. Trends indicate a growing preference for sustainable and high-performance cement varieties, driven by environmental concerns and the need for durable construction materials. However, restraints include potential cement price volatility tied to raw material costs and global energy prices, and environmental regulations that could influence manufacturing processes and cement formulations. Major players such as Anhui Conch Cement, Bosowa Semen, Heidelberg Materials, and several Indonesian cement producers actively compete, shaping pricing and product innovation within this dynamic market. Looking ahead to 2033, the Indonesian cement market is expected to continue its expansion, albeit possibly at a moderating CAGR, reflecting factors such as the completion of major infrastructure projects and potential economic fluctuations. However, continued urbanization, ongoing development in less-developed regions, and a sustained focus on improving infrastructure will ensure consistent demand. The market will likely witness increased competition, focusing on innovation in cement technology, sustainable practices, and efficient supply chains. Companies will need to adapt to evolving regulatory frameworks and customer preferences to maintain market share and profitability in this competitive landscape. Recent developments include: June 2023: SIG's subsidiary PT Semen Baturaja Tbk announced to expand its cement production capacity to 3.8 million tons of cement per year through three factories in Palembang and Baturaja City, Ogan Komering Ulu (OKU) Regency, South Sumatra, Panjang, Bandar Lampung in Indonesia.January 2023: Heidelburg Material's subsidiary, PT Indocement Tunggal Prakarsa Tbk, introduced a new cement product, Semen Jempolan, to support the government's environmentally friendly cement production program.January 2023: Semen Indonesia (SIG) acquired an 83.52% stake in Solusi Bangun Indonesia, which has a 14.8 Mt/yr of cement production capacity, strengthening its cement business in Indonesia.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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 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.

The European cement market reached 181.17 million metric tons in 2022. The market is expected to reach 202.83 million metric tons by 2028, with a CAGR of 1.9 percent between 2023 and 2028.

In the past five years, the market environment in the cement industry has been characterised by major contrasts. Under these circumstances, the industry's turnover only grew by an average of 0.5% per year. Until the first year of the pandemic in 2020, the industry was still developing extremely positively as a result of rising cement consumption. The industry benefited from a construction boom driven by historically low interest rates in the European Economic Area. In addition, the public sector showed an increasing willingness to invest.In 2021, domestic cement consumption and industry sales began to decline due to poor weather conditions and shortages of materials and skilled labour in the construction industry. Following the Russian invasion of Ukraine and the ECB's turnaround on interest rates in 2022, the construction industry and therefore also the cement industry faced even greater challenges. Public and private construction demand was dampened by sharp cost and price increases. The energy-intensive industry suffered from higher energy prices, which put increasing pressure on the earnings situation of many companies in the sector over time. Demand for cement is also expected to remain weak in 2024 due to a decline in building permits in the previous year. Against this backdrop, IBISWorld is forecasting an 11.1% decline in industry turnover for the current year compared to the previous year, meaning that turnover is likely to amount to €4 billion.In the next five years, industry turnover is expected to grow by an average of 0.7% per year, reaching a turnover of 4.2 billion euros in 2029. While the industry structure should remain unchanged over the next five years and no new players are likely to enter the industry due to high barriers to market entry, the issue of climate protection will play an important role. Due to requirements to reduce CO2 emissions, companies will be looking for ways to reduce not only their use of raw materials, but also their energy consumption. The war in Ukraine has significantly increased the pace of the switch to renewable energies. At the same time, questions of energy supply security have increasingly come into focus.

The Irish company Cement Roadstone Holding had the highest market capitalization of any cement manufacturer worldwide as of February 2025, at ***** billion U.S. dollars. Holding Group ranked second at that time, with a market capitalization of more than ** billion U.S. dollars.

Global cement market reached USD 392.5 billion in 2022 and is expected to reach USD 703.7 billion by 2031

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.

Global Cement And Concrete Products market size is expected to reach $552 billion by 2029 at 5.4%, 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 global cement market is expected to see continued growth over the next six years, with a forecasted increase in consumption and market performance. By 2030, the market volume is projected to reach 5,051 million tons.