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NEW YORK , March 16, 2022 /PRNewswire/ -- The white cement market is expected to grow by USD 1.43 billion from 2021 to 2026 at a CAGR of 3.16% as per the latest market report by Technavio. 40% of the market's growth will originate from APAC during the forecast period. Saudi Arabia , China , India , and Spain are the key markets for the white cement market in APAC. The increasing number of construction projects will facilitate the white cement market growth in APAC over the forecast period.
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Read the 120-page report with TOC on "White Cement Market Analysis Report by Application (Residential, Commercial, and Infrastructure) and Geography (APAC, North America , Middle East and Africa , Europe , South America , US, China , India , Saudi Arabia , and Spain ), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/white-cement-market-size-industry-analysis
White Cement Market - Drivers
The growing construction market is one of the key drivers supporting the white cement market growth. For instance, APAC has the largest number of emerging economies. These countries are focusing on infrastructure development. In Vietnam , the renovation of coastal areas and the establishment of industrial hubs are the major infrastructural projects that are underway. The country has approved a new $ 921 million investment plan to improve the performance of its industrial parks, which is expected to augment infrastructure development during the forecast period. Major construction projects in China , including the construction of the South-North Water Transfer Project in North China , the expansion of Beijing Capital International Airport, and the construction of the Hong Kong-Zhuhai-Macau bridge. Hence, the growth of the global construction market will increase the demand for white cement during the forecast period.
White Cement Market - Trends
Rapid urbanization and rising disposable income are other trends supporting the white cement market growth. The ever-rising global population supports the growth of the global construction industry. According to The World Bank Group, the global urban population is 7.7 billion in 2021. By 2050, an additional over 2 billion people are estimated to populate urban and semi-urban areas, with a majority in APAC and MEA. Hence, the demand for residential and non-residential projects is expected to grow in these regions. Meanwhile, white cement is used in different types of constructions. It reduces shrinkage cracking tendencies and the volume change from drying and increases resistance to weathering. Thus, with the rising disposable income and rapid urbanization, the demand for white cement is expected to increase.
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Some of key White Cement Players:
The white cement market is fragmented and the vendors are deploying growth strategies such as increasing their R&D spending to develop innovative products to compete in the market.
The white cement market forecast report by Technavio offers in-depth insights into key vendor profiles along with their key offerings. The profiles include information on the production, sustainability, and prospects of the leading companies.
White Cement Market - Segmentation Analysis
Application Outlook (Revenue, USD bn, 2021-2026)
Geography Outlook (Revenue, USD bn, 2021-2026)
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Accelerate at a CAGR of 3.16%
Leading companies, competitive strategies, consumer engagement scope
Al Rashed Cement Co., Buzzi Unicem SpA, Cementir Holding NV, Cementos Molins SA, CIMSA Ingenieria de Sistemas SA, Fars and Khuzestan Cement Co., Federal White Cement, Fomento de Construcciones y Contratas SA, India Cements Ltd., JK Cement Ltd., Kuwait Cement Co., LafargeHolcim Ltd., OYAK Cimento AS, Ras Al Khaimah Co. , Royal El Minya Cement Co., Royal White Cement Inc., Saveh Cement Co., Semapa, Shargh White Cement Co., and UltraTech Cement Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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