Ordinary Portland Cement Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2018 - 2030 |
|
Market Volume (2024) | 1.27 Billion Tons |
|
|
Market Volume (2030) | 1.68 Billion Tons |
|
Largest Share by End Use Sector | Infrastructure |
|
|
CAGR (2024 - 2030) | 4.70 % |
|
Largest Share by Region | Asia-Pacific |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
Ordinary Portland Cement Market Analysis
The Ordinary Portland Cement Market size is estimated at 1.27 billion Tons in 2024, and is expected to reach 1.68 billion Tons by 2030, growing at a CAGR of 4.70% during the forecast period (2024-2030).
1.27 Billion
Market Size in 2024 (Tons)
1.68 Billion
Market Size in 2030 (Tons)
1.05 %
CAGR (2018-2023)
4.70 %
CAGR (2024-2030)
Largest Market by End Use Sector
47.43 %
volume share, Infrastructure, 2023
Due to the escalating demand for infrastructure in developing economies and increasing consumption of ordinary Portland cement in major infrastructure projects, the infrastructure sector holds the largest share.
Fastest Market by End Use Sector
6.31 %
Projected CAGR, Commercial, 2024-2030
Rising commercial spaces globally, coupled with growing demand for Ordinary Portland cement in the construction of malls, offices, and multi-story warehouses, are expected to drive the demand in the sector.
Largest Market by Region
69.98 %
volume share, Asia-Pacific, 2023
Due to the growing construction industrial activity in the region, coupled with the increasing demand for ordinary portland cement in countries like China, India, Japan, and South Korea, the region has dominated the market.
Fastest Market by Region
6.86 %
Projected CAGR, Middle East and Africa, 2024-2030
The fast-paced growth of construction activities in the region, coupled with government initiatives such as Vision 2030, the region is expected to witness the fastest growth during the forecast period.
Leading Company
11.43 %
market share, Anhui Conch Cement Company Limited, 2022
In 2022, the company held the largest share, with a production capacity of around 200 million tons per year. The company serves customers across various construction sectors.
Rising infrastructure spending is likely to drive the demand for ordinary Portland cement
- In 2022, the global cement market saw ordinary Portland cement (OPC) dominate, capturing a significant 29.18% market share. The consumption of OPC was projected to grow by 0.81% in 2023, driven by rising demand from the residential and infrastructure construction sectors.
- Infrastructure emerged as the leading consumer of OPC in 2022, accounting for nearly half (47.91%) of the market. Global infrastructure spending was set to hit USD 2.78 trillion in 2023, buoyed by increased investments. Notably, the United States plans to allocate USD 1.2 trillion by 2025, including USD 550 billion from the Infrastructure Investment and Jobs Act. These funds will be channeled into diverse projects like roads, bridges, rail, smart infrastructure, broadband, and electric vehicles. Consequently, OPC demand for the infrastructure sector is projected to surge from 576.76 million tons in 2023 to 778.92 million tons in 2030.
- The commercial segment is poised to be the fastest-growing consumer of OPC, with a robust CAGR of 6.30% during the forecast period. The global new floor area for commercial spaces is projected to rise by 301 million sq. ft in 2024, driven by heightened demand for shopping malls, offices, and other commercial establishments. For instance, Indonesia has six shopping mall projects slated for completion by 2025, adding up to a combined area of 292 thousand sq. meters. Consequently, the global OPC demand for the commercial sector is anticipated to climb by 56.52 million tons by 2030, compared to the levels seen in 2023.
Understand The Key Trends Shaping This Market
Download Sample
The Middle East & Africa is expected to lead in terms of consumption volume of ordinary Portland cement during the forecast period
- In 2022, the global consumption of ordinary Portland cement dipped by 3.14% compared to the previous year. This decline was largely driven by a 5.72% drop in consumption from Asia-Pacific. The construction industry faced headwinds, grappling with surging inflation, soaring raw material prices, and an impending recession. These factors, coupled with a pullback in investments and project delays, weighed on the demand for ordinary Portland cement. However, in 2023, they anticipated a modest rebound, with consumption projected to inch up by 0.81%. This uptick is primarily driven by a projected 5.69% surge in demand from Europe.
- Asia-Pacific emerged as the dominant consumer of ordinary Portland cement in 2022, accounting for a significant 70.71% of the global demand. Notably, countries like China, Japan, and India played pivotal roles in shaping this demand. China's investment in transport infrastructure rose from USD 157.6 billion in 2021 to USD 165.6 billion in 2022. Japan witnessed a surge in manufacturing facility constructions, while India focused on bolstering its connectivity through road, rail, and highway projects.
- The Middle East & Africa is poised to witness the swiftest growth in ordinary Portland cement consumption, with a projected CAGR of 6.98% during the forecast period. The United Arab Emirates stood out, with an 82% surge in infrastructure investments from 2021 to 2022. In 2022, Saudi Arabia and the UAE accounted for 11% and 3% of global consumption, respectively. Notably, Saudi Arabia's ambitious Vision 2030 and its agreements, including those worth nearly USD 2.66 billion for investment funds, underscore its commitment to developing commercial, tourism, and residential projects.
Global Ordinary Portland Cement Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
Understand The Key Trends Shaping This Market
Download Sample
South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
Understand The Key Trends Shaping This Market
Download Sample
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Ordinary Portland Cement Industry Overview
The Ordinary Portland Cement Market is fragmented, with the top five companies occupying 34.16%. The major players in this market are Anhui Conch Cement Company Limited, BBMG Corporation, China National Building Material Group Corporation, Heidelberg Materials and Holcim (sorted alphabetically).
Ordinary Portland Cement Market Leaders
Anhui Conch Cement Company Limited
BBMG Corporation
China National Building Material Group Corporation
Heidelberg Materials
Holcim
Other important companies include CEMEX, S.A.B. de C.V., Dangote Cement Plc., SIG, UltraTech Cement Ltd., Votorantim Cimentos.
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download Sample
Ordinary Portland Cement Market News
- 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.
- 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.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Ordinary Portland Cement Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End Use Sector Trends
2.1.1. Commercial
2.1.2. Industrial and Institutional
2.1.3. Infrastructure
2.1.4. Residential
2.2. Major Infrastructure Projects (current And Announced)
2.3. Regulatory Framework
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
3.1. End Use Sector
3.1.1. Commercial
3.1.2. Industrial and Institutional
3.1.3. Infrastructure
3.1.4. Residential
3.2. Region
3.2.1. Asia-Pacific
3.2.1.1. By Country
3.2.1.1.1. Australia
3.2.1.1.2. China
3.2.1.1.3. India
3.2.1.1.4. Indonesia
3.2.1.1.5. Japan
3.2.1.1.6. Malaysia
3.2.1.1.7. South Korea
3.2.1.1.8. Thailand
3.2.1.1.9. Vietnam
3.2.1.1.10. Rest of Asia-Pacific
3.2.2. Europe
3.2.2.1. By Country
3.2.2.1.1. France
3.2.2.1.2. Germany
3.2.2.1.3. Italy
3.2.2.1.4. Russia
3.2.2.1.5. Spain
3.2.2.1.6. United Kingdom
3.2.2.1.7. Rest of Europe
3.2.3. Middle East and Africa
3.2.3.1. By Country
3.2.3.1.1. Saudi Arabia
3.2.3.1.2. United Arab Emirates
3.2.3.1.3. Rest of Middle East and Africa
3.2.4. North America
3.2.4.1. By Country
3.2.4.1.1. Canada
3.2.4.1.2. Mexico
3.2.4.1.3. United States
3.2.5. South America
3.2.5.1. By Country
3.2.5.1.1. Argentina
3.2.5.1.2. Brazil
3.2.5.1.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Anhui Conch Cement Company Limited
4.4.2. BBMG Corporation
4.4.3. CEMEX, S.A.B. de C.V.
4.4.4. China National Building Material Group Corporation
4.4.5. Dangote Cement Plc.
4.4.6. Heidelberg Materials
4.4.7. Holcim
4.4.8. SIG
4.4.9. UltraTech Cement Ltd.
4.4.10. Votorantim Cimentos
5. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, GLOBAL, 2018 - 2030
- Figure 6:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED IN COMMERCIAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED IN COMMERCIAL SECTOR, BY REGION, %, GLOBAL, 2023 VS 2030
- Figure 10:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY REGION, %, GLOBAL, 2023 VS 2030
- Figure 12:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, BY REGION, %, GLOBAL, 2023 VS 2030
- Figure 14:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED IN RESIDENTIAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED IN RESIDENTIAL SECTOR, BY REGION, %, GLOBAL, 2023 VS 2030
- Figure 16:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED BY REGION, TONS, GLOBAL, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 20:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, AUSTRALIA, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 22:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, CHINA, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 24:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, INDIA, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 26:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, INDONESIA, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 28:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, JAPAN, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 30:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, MALAYSIA, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 32:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, SOUTH KOREA, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 34:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, THAILAND, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 36:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, VIETNAM, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 38:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 40:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, TONS, EUROPE, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 42:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, FRANCE, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 44:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, GERMANY, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 46:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, ITALY, 2018 - 2030
- Figure 47:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 48:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, RUSSIA, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 50:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, SPAIN, 2018 - 2030
- Figure 51:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 52:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, UNITED KINGDOM, 2018 - 2030
- Figure 53:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 54:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, REST OF EUROPE, 2018 - 2030
- Figure 55:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 56:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, TONS, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 57:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 58:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, SAUDI ARABIA, 2018 - 2030
- Figure 59:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 60:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 61:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 62:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 63:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 64:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2018 - 2030
- Figure 65:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 66:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, CANADA, 2018 - 2030
- Figure 67:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 68:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, MEXICO, 2018 - 2030
- Figure 69:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 70:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, UNITED STATES, 2018 - 2030
- Figure 71:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 72:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2018 - 2030
- Figure 73:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 74:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, ARGENTINA, 2018 - 2030
- Figure 75:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 76:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, BRAZIL, 2018 - 2030
- Figure 77:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 78:
- VOLUME OF ORDINARY PORTLAND CEMENT CONSUMED, TONS, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 79:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 80:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 81:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 82:
- PRODUCTION CAPACITY SHARE OF ORDINARY PORTLAND CEMENT BY MAJOR PLAYERS, %, GLOBAL, 2022
Ordinary Portland Cement Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In 2022, the global cement market saw ordinary Portland cement (OPC) dominate, capturing a significant 29.18% market share. The consumption of OPC was projected to grow by 0.81% in 2023, driven by rising demand from the residential and infrastructure construction sectors.
- Infrastructure emerged as the leading consumer of OPC in 2022, accounting for nearly half (47.91%) of the market. Global infrastructure spending was set to hit USD 2.78 trillion in 2023, buoyed by increased investments. Notably, the United States plans to allocate USD 1.2 trillion by 2025, including USD 550 billion from the Infrastructure Investment and Jobs Act. These funds will be channeled into diverse projects like roads, bridges, rail, smart infrastructure, broadband, and electric vehicles. Consequently, OPC demand for the infrastructure sector is projected to surge from 576.76 million tons in 2023 to 778.92 million tons in 2030.
- The commercial segment is poised to be the fastest-growing consumer of OPC, with a robust CAGR of 6.30% during the forecast period. The global new floor area for commercial spaces is projected to rise by 301 million sq. ft in 2024, driven by heightened demand for shopping malls, offices, and other commercial establishments. For instance, Indonesia has six shopping mall projects slated for completion by 2025, adding up to a combined area of 292 thousand sq. meters. Consequently, the global OPC demand for the commercial sector is anticipated to climb by 56.52 million tons by 2030, compared to the levels seen in 2023.
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Region | ||||||||||||||
| ||||||||||||||
| ||||||||||||||
| ||||||||||||||
| ||||||||||||||
|
Need A Different Region Or Segment?
Customize Now
Market Definition
- END-USE SECTOR - Ordinary portland cement consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of ordinary portland cement for pavement and sidewalks, reinforced concrete buildings, bridges, railway structures, tanks, and reservoirs among others are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
Need More Details on Market Definition?
Ask a Question
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
Get More Details On Research Methodology
Download Sample
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
