Get the latest insights on price movement and trend analysis of Cement in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Industry: Cement Manufacturing (PCU3273132731) from Jan 1965 to Jul 2025 about cement, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

In 2024, the price of cement in the United States stood at an estimated *** U.S. dollars per metric ton, remaining the highest it has been in recent years. Different types of cement In 2024, the United States' imports of hydraulic cement amounted to ** million metric tons. One of the most common types of hydraulic cement is known as Portland cement. It is used in concrete, mortar, stucco, as well as grout. The U.S. produced an estimated ** million metric tons of Portland cement and masonry cement in 2024. Cement price recovery from the great recession In 2016, cement prices finally surpassed pre-recession prices, which was about *** U.S. dollars per metric ton the year prior to the global recession. By 2024, U.S. cement had increased further to an estimated price of *** U.S. dollars per metric ton. The cement price per ton relies heavily on demand from the construction industry. Global cement production may reach as much as *** billion metric tons by 2050. In 2023, France’s Saint-Gobain, one of the leading manufacturers of construction materials worldwide, reported sales totaling nearly ** billion U.S. dollars.

United States - Producer Price Index by Industry: Cement and Concrete Product Manufacturing was 251.98900 Index Dec 2003=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Cement and Concrete Product Manufacturing reached a record high of 253.27600 in June of 2025 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Cement and Concrete Product Manufacturing - last updated from the United States Federal Reserve on September of 2025.

United States - Producer Price Index by Industry: Cement Manufacturing: Primary Products was 352.31400 Index Jun 1982=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Cement Manufacturing: Primary Products reached a record high of 353.08500 in May of 2025 and a record low of 28.70000 in February of 1965. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Cement Manufacturing: Primary Products - last updated from the United States Federal Reserve on September of 2025.

At the end of fiscal year 2024, the Wholesale Price Index of cement and lime across India was over 140. This meant an increase in the WPI of about 37 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

In 2024, after three years of growth, there was significant decline in the Indian cement market, when its value decreased by -9.8% to $21.7B. In general, the total consumption indicated measured growth from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +55.7% against 2020 indices.

In 2022, the price of cement in India reached *** Indian rupees per bag (50 kilograms). The cement price has seen a steady increase in India since 2018. Cement industry in India Cement is a fundamental material used in construction and infrastructure development for it's adhesion and cohesion properties. India is one of the largest producers of cement in the world. In 2021, India produced about ***** million metric tons of cement in its integrated cement plants alone. India's housing and real estate sectors are the primary consumers of cement, followed by the infrastructure sector. The southern Indian states are the leading cement producing areas in the country. Indian cement production and companies As the demand for cement in various sectors increased over the years, cement production in India also saw an overall growth during the past few years. As of 2020, UltraTech Cement, an Indian cement company based in Mumbai, was India's largest cement production company. This company is part of the Aditya Birla Group, a global conglomerate.

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 prices of ready-mixed concrete in the United Kingdom increased by just **** percent in 2024. Although the cost of cement and pre-cast concrete also increased significantly that year, the price of concrete-reinforcing bars in 2024 fell by ***** percent lower than in 2024. These figures are an index based on the prices of 2015, which have been set at 100. This serves the purpose of showing the price evolution of this construction material.

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.

IBISWorld uses data from the US Geological Survey, which tracks a composite cement price that is a volume-weighted average of all Portland cement and masonry cement. Prices are measured in nominal dollars.

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.

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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

Turkey (X tons) and Vietnam (X tons) represented roughly 26% of total exports in 2021. Germany (X tons) ranks next in terms of the total exports with a 5.1% share, followed by Japan (4.6%). Canada (X tons), Thailand (X tons), Greece (X tons), Spain (X tons), Pakistan (X tons), Saudi Arabia (X tons), Belgium (X tons), the United Arab Emirates (X tons) and Slovakia (X tons) held a little share of total exports.

The Cote d'Ivoire's cement market fell slightly to $539M in 2024, with a decrease of -1.8% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2024: its value increased at an average annual rate of +6.1% 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 +5.4% against 2022 indices.

Germany - Producer prices in industry: Manufacture of cement was 157.00 points in July of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Producer prices in industry: Manufacture of cement - last updated from the EUROSTAT on September of 2025. Historically, Germany - Producer prices in industry: Manufacture of cement reached a record high of 160.80 points in March of 2024 and a record low of 63.60 points in November of 2003.

France - Producer prices in industry: Manufacture of cement was 137.90 points in July of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for France - Producer prices in industry: Manufacture of cement - last updated from the EUROSTAT on September of 2025. Historically, France - Producer prices in industry: Manufacture of cement reached a record high of 141.60 points in January of 2025 and a record low of 92.80 points in July of 2017.

The GCC Cement Market Report is Segmented by Type (Portland, Blended, and Other Types), Application (Residential, Commercial, Infrastructure, Industrial, and Institutional), and Geography (Saudi Arabia, The United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain). The Market Size and Forecasts for the GCC Cement Market are Provided in Terms of Volume (Tons) for all the Above Segments.

European Union - Producer prices in industry: Manufacture of articles of concrete, cement and plaster was 130.60 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Manufacture of articles of concrete, cement and plaster - last updated from the EUROSTAT on September of 2025. Historically, European Union - Producer prices in industry: Manufacture of articles of concrete, cement and plaster reached a record high of 130.60 points in June of 2025 and a record low of 78.80 points in January of 2005.