White Cement Market 2021 - Trends, Competitor Analysis and Regional Share Report to 2027
The rising trend of global urbanization has produced an escalation in construction activities across various economies. This is also creating a significant impetus to the products that are highly efficient to be used for construction of different residential and commercial spaces. In this case, white cement has emerged as a viable solution for architectural concrete.
White cement is exclusively specified to ensure bright, clean, and consistent colors. It also allows an expansive range of color options for manufacturing architectural and structural concrete, as well as cementitious and masonry building products. Owing to these attributes, the global white cement market would surge to $5.5 billion by 2027 end, as cited by the Global Market Insights, Inc.
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A robust application spectrum: a pathway to white cement market development
The global white cement market growth is highly characterized by a wide application range including architectural, flooring, and tile grouting. The growth in the flooring segment would come from the escalating trend of terrazzo flooring, wherein the product, white cement, can be used for diverse shades and colors. Moreover, white-cement tile adhesives is known to effectively fix wall and floor tiles and marble gaps in both exterior and interior applications.
Yet another application where white cement stands as a vital requirement is tile grouting. This can be ascribed to the extensive use of these products in the construction industry. The segment is projected to depict a CAGR of 6% through 2027. Blending of color pigment with white cement to match the color of tiles or marble has emerged as a popular choice amongst builders, which is thus driving the growth of white cement across tile grouting applications.
Considering the growth in these applications, various conglomerates in the cement industry are taking up significant efforts to expand their overall presence in the market. Citing an instance for the same, it would be essential to state the mention of JK White Cement. The company had in 2021, installed a cement plant in Kenya, in an attempt to produce white cement, tile adhesives, wall putty, and more. Moreover, the unit launched its operations in May and is reportedly planning of expanding its presence into the African markets through South Africa and Kenya.
Apparently, this move has placed Africa, along with Middle East, in a prominent position in the global white cement market. In fact, various countries in and around the MEA are taking consistent efforts and investing heftily in new residential projects as well as in refurbishment of old structures to accommodate the urban population. To illustrate, the Dubai government had announced ramping up its construction activities due to the launch of Expo 2020. In light of these regional trends, the MEA white cement market is anticipated to generate a revenue share of $1 billion throughout the analysis period.
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In the nutshell, escalating construction and refurbishment activities around the globe, in line with effective industrial strategies by prominent behemoths in the market, is touted to reap significant benefits of the global white cement market in the years to come.
The key players engaged in the white cement market are JK Cement, Aditya Birla Group, Cemex, Cementir Holding, SOTACIB, Ras Al Khaimah Co., Çimsa Çimento, Saveh White Cement Co., Cementos Portland Valderrivas, and Federal White Cement, among others.
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