White Cement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The white cement market size was estimated at over 18 million ton in 2020, and the market is expected to register a CAGR of more than 3% during the forecast period.

The outbreak of COVID-19 is likely to bring several short-term and long-term consequences in the construction industry, which is likely to affect the demand for white cement. According to the Associated General Contractors of America (AGC), about 16% of the projects in the United States will experience a shortage of raw materials or equipment, 11% of the projects will see a shortage of craft workers, including subcontractors, 18% of the projects will witness a shortage of government workers, and 8% of the projects will be disrupted by an infected worker, which may have a potential to infect a worksite. Additionally, most of the countries, like India, Italy, France, Poland, the United Kingdom, South Africa, and New Zealand, went into lockdown. Moreover, owing to restrictive mass quarantines due to coronavirus, the construction industry has been impacted, as the workers kept themselves away from the project sites. In India, the construction workers are kept away from work sites, which has halted almost 20,000 ongoing projects in the country.

• Over the long term, the growing construction industry in Asia-pacific and the substitution of grey cement due to white cements' superior characteristics will drive the market. For instance, there has been an increase in investments in the Chinese infrastructure sector in the recent past. China’s transport ministry and National Development and Reform Commission (NDRC) invested ~USD 688.5 billion between 2016 and 2018 for constructing 303 key infrastructure projects, which include railways, highways, waterways, airports, and urban rail. A USD 4.5 billion worth of investments is being made to develop Nanhui New City, a planned city. Construction began in 2003 and is scheduled to be completed in 2020, and it aims to attract 450,000 residents and 10 million tourists annually.
• Increasing focus on innovation and artistic and aesthetic senses in architecture is likely to act as an opportunity.
• High production cost is likely to restrain the market over the forecast period.
• Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

Scope of the Report

White cement is used instead of gray cement for its heat reflecting properties and aesthetic appearance. The white cement market is segmented in product type, application, and geography. By product type, the market is segmented into Type I cement, Type III cement, and other product types. By application, the market is segmented into residential, commercial, infrastructure, and industrial, and institutional. Among these, infrastructure has a huge hold of the white cement market. The report also covers the market size and forecasts for the white cement market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (million ton).

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Key Market Trends

Increasing Demand for the Infrastructure Segment

• White cement is often used in combination with pigments to impart attractive colors and shades to mortars and concretes, something which is not possible with ordinary grey cement, as it results in dull colors.
• White cement-based plasters are used for swimming pools and for covering facades, as they are highly durable and require lesser maintenance than painted surfaces. This aids the growth of the infrastructure segment of the market studied. Additionally, the development of smart cities is expected to provide a major boost to the market studied.
• The ability of white concrete to be cast in any shape makes it ideal for monuments, sculptures, and for the restoration of various archeological sites across the world.
• Its high compressive strength reduces the costs by eliminating steam curing and increases the production speed in prefabricated applications.
• The chemical purity and uniformity of white cement are quite useful for application in many complex formulations of construction materials, such as insulation, water-tight coatings, anchorage, joint filers, mortars, and others.
• China is currently the world’s biggest producer and consumer of white cement. Cementir Holding SpA is currently the world’s biggest white cement manufacturer.
• With a total investment of CNY 47.14 billion, the expansion of Xianyang International Airport, with the aim of being able to handle 83 million passengers by 2030, is one of the major infrastructure projects in China.
• As a part of the ‘Investing in Canada Plan,’ the government is in plans to make an investment of nearly USD 140 billion for major infrastructure developments in the country by 2028. Some of the major upcoming projects in Canada are Réseau électrique métropolitain (USD 6.3 billion), Toronto’s Eglinton Crosstown LRT (USD 5.3 billion), Gordie Howe International Bridge (USD 5.7 billion), etc.
• In March 2019, Bordeaux Airport launched the first major construction project of its new investment plan in France, which includes the expansion of Bordeaux-Merignac airport. The company planned an investment of EUR 140 million in the project, which may help increase the passenger handling capacity to 10 million in 2023, from 6.8 million in 2018.
• Various construction investments and projects have been halted during the first half of 2020, owing to the COVID-19 impact across various parts of the world. This has negatively affected the construction sector in 2020. However, with the easing of lockdown regulations and continuation of projects, investors have been focusing on investing in the sector.
• All the aforementioned factors are augmenting the growth of construction activities, thus, driving the demand for white cement.

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