혼합 시멘트 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of blended cement Market

The global blended cement market is on a steady path of growth as sustainability and infrastructure expansion reshape construction choices worldwide. According to the 2024 industry assessment, the market was valued at USD 371.2 billion in 2024, is expected to reach USD 382.7 billion in 2025, and is forecast to grow to USD 500.6 billion by 2032, reflecting a CAGR of 3.8% from 2025-2032. This trajectory highlights blended cement's increasing role as a lower-carbon, high-performance alternative to ordinary Portland cement (OPC).

Blended cement-produced by replacing a portion of clinker with supplementary cementitious materials (SCMs) such as fly ash, slag, silica fume or calcined clay-offers improved durability, reduced permeability and a smaller carbon footprint. These advantages are driving adoption across residential and non-residential projects, and in major infrastructure programs where lifecycle costs and regulatory sustainability targets matter.

Why growth is happening now

Rapid urbanization and large-scale infrastructure investment remain the primary demand engines. Asia Pacific, which accounted for a dominant 70.85% market share in 2024, continues to lead as China, India and Southeast Asian economies expand housing, transport and energy networks. The shift toward greener building standards-driven by policies like the European Green Deal and stimulus and infrastructure laws in the U.S. and India-favors low-clinker blended formulations such as Portland Pozzolan Cement (PPC) and Portland Limestone Cement (PLC).

PPC retained strong preference in 2024 thanks to abundant industrial by-products (fly ash, volcanic pozzolans) and proven performance in mass housing and hydraulic applications. PLC is emerging fast as regulators push for reduced clinker factors without compromising handling and early strength.

Market dynamics: drivers, restraints, opportunities

Key drivers include environmental regulation, developer demand for durable, low-carbon materials, and an emphasis on green building certifications (LEED, BREEAM). Large megaprojects-transport corridors, ports, smart-city initiatives and affordable housing-are practical outlets for blended cement's cost and CO2 advantages.

However, the market faces constraints. Declining outputs of traditional SCMs (as coal-fired power and blast-furnace steel sites retire) tighten fly ash and slag supplies, threatening consistent feedstock availability and pricing. Alternative low-carbon binders (geopolymers, UHPC, carbon-captured OPC) also present future competition in high-performance segments.

Opportunity lies in innovation: expanded use of calcined clays, engineered limestone blends and locally sourced pozzolans can offset SCM shortages. Investment in grinding and blending capacity-such as new vertical roller mills and PLC lines-helps producers scale low-carbon products cost-effectively. The March-February 2024-2025 industry moves (capacity additions and mill commissions) reflect this strategic pivot.

Regional snapshot

Asia Pacific dominated with USD 263.0 billion in 2024, driven by construction intensity and policy momentum. North America and Europe are increasingly adopting PLC and other low-clinker variants across infrastructure retrofits and new public works: EU decarbonization goals and U.S. infrastructure spending are notable tailwinds. Latin America, the Middle East & Africa show steady uptake in affordable housing and resilient construction, while raw-material logistics and trade tariffs can affect regional economics.

Competitive landscape and trends

The market remains concentrated among majors-Heidelberg Materials, HOLCIM, Cemex, Anhui Conch and UltraTech-who are investing in blended portfolios, localized SCM sourcing and low-emission production. Strategic moves such as capacity commissioning and product diversification (PLC, PPC, PSC) indicate a race to supply both volume and greener credentials. Trade protectionism and tariffs on clinker/SCMs are short-term drag factors, but long-term demand is rooted in urbanization and net-zero goals.

Conclusion

With the market moving from USD 371.2 billion in 2024 to USD 382.7 billion in 2025 and projected USD 500.6 billion by 2032, blended cement is positioned as a mainstream construction material that reconciles performance and decarbonization goals. Success over the coming decade will hinge on solving SCM supply challenges, scaling low-clinker technologies (like PLC and calcined-clay blends), and aligning product portfolios with green procurement policies embedded in global infrastructure spending.

Segmentation By Type

• Portland Pozzolan Cement (PPC)
• Portland Limestone Cement (PLC)
• Portland Slag Cement (PSC)
• Others

By Application

• Residential
• Non-Residential

By Region

• North America (By Type, Application, and Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Type, Application, and Country)
  • Germany (By Application)
  • France (By Application)
  • U.K. (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Type, Application, and Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Rest of Asia Pacific (By Application)
• Rest of the World (By Type, Application, and Sub-region)
  • Latin America (By Application)
  • Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Market Trends in the Global Market
• 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
• 4.3. Latest Technological Advancement
• 4.4. Insights on Regulatory Scenario
• 4.5. Porters Five Forces Analysis
• 4.6. Global Price Trend Analysis
• 4.7. Tariff Impact Analysis

5. Global Blended Cement Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. By Type
  • 5.2.1. Portland Pozzolan Cement (PPC)
  • 5.2.2. Portland Limestone Cement (PLC)
  • 5.2.3. Portland Slag Cement (PSC)
  • 5.2.4. Others
• 5.3. By Application
  • 5.3.1. Residential
  • 5.3.2. Non-Residential
• 5.4. By Region
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Rest of World

6. North America Blended Cement Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. By Type
  • 6.2.1. Portland Pozzolan Cement (PPC)
  • 6.2.2. Portland Limestone Cement (PLC)
  • 6.2.3. Portland Slag Cement (PSC)
  • 6.2.4. Others
• 6.3. By Application
  • 6.3.1. Residential
  • 6.3.2. Non-Residential
• 6.4. By Country
  • 6.4.1. U.S.
    • 6.4.1.1. By Application
      • 6.4.1.1.1. Residential
      • 6.4.1.1.2. Non-Residential
  • 6.4.2. Canada
    • 6.4.2.1. By Application
      • 6.4.2.1.1. Residential
      • 6.4.2.1.2. Non-Residential

7. Europe Blended Cement Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Type
  • 7.2.1. Portland Pozzolan Cement (PPC)
  • 7.2.2. Portland Limestone Cement (PLC)
  • 7.2.3. Portland Slag Cement (PSC)
  • 7.2.4. Others
• 7.3. By Application
  • 7.3.1. Residential
  • 7.3.2. Non-Residential
• 7.4. By Country
  • 7.4.1. Germany
    • 7.4.1.1.
      • 7.4.1.1.1. Residential
      • 7.4.1.1.2. Non-Residential
  • 7.4.2. France
    • 7.4.2.1. By Application
      • 7.4.2.1.1. Residential
      • 7.4.2.1.2. Non-Residential
  • 7.4.3. U.K.
    • 7.4.3.1. By Application
      • 7.4.3.1.1. Residential
      • 7.4.3.1.2. Non-Residential
  • 7.4.4. Rest of Europe
    • 7.4.4.1. By Application
      • 7.4.4.1.1. Residential
      • 7.4.4.1.2. Non-Residential

8. Asia-Pacific Blended Cement Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Type
  • 8.2.1. Portland Pozzolan Cement (PPC)
  • 8.2.2. Portland Limestone Cement (PLC)
  • 8.2.3. Portland Slag Cement (PSC)
  • 8.2.4. Others
• 8.3. By Application
  • 8.3.1. Residential
  • 8.3.2. Non-Residential
• 8.4. By Country
  • 8.4.1. China
    • 8.4.1.1. By Application
      • 8.4.1.1.1. Residential
      • 8.4.1.1.2. Non-Residential
  • 8.4.2. Japan
    • 8.4.2.1. By Application
      • 8.4.2.1.1. Residential
      • 8.4.2.1.2. Non-Residential
  • 8.4.3. India
    • 8.4.3.1. By Application
      • 8.4.3.1.1. Residential
      • 8.4.3.1.2. Non-Residential
  • 8.4.4. Rest of Asia-Pacific
    • 8.4.4.1. By Application
      • 8.4.4.1.1. Residential
      • 8.4.4.1.2. Non-Residential

9. Rest of World Blended Cement Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Type
  • 9.2.1. Portland Pozzolan Cement (PPC)
  • 9.2.2. Portland Limestone Cement (PLC)
  • 9.2.3. Portland Slag Cement (PSC)
  • 9.2.4. Others
• 9.3. By Application
  • 9.3.1. Residential
  • 9.3.2. Non-Residential
• 9.4. By Sub-Region
  • 9.4.1. Latin America
    • 9.4.1.1. By Application
      • 9.4.1.1.1. Residential
      • 9.4.1.1.2. Non-Residential
  • 9.4.2. Middle East & Africa
    • 9.4.2.1. By Application
      • 9.4.2.1.1. Residential
      • 9.4.2.1.2. Non-Residential

10. Competitive Landscape

• 10.1. Company Market Share/Ranking Analysis, 2024
• 10.2. Company Profile
  • 10.2.1. HOLCIM
    • 10.2.1.1. Overview
    • 10.2.1.2. Description
    • 10.2.1.3. Product Portfolio
    • 10.2.1.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.1.5. Recent Developments
  • 10.2.2. UltraTech Cement Ltd.
    • 10.2.2.1. Overview
    • 10.2.2.2. Description
    • 10.2.2.3. Product Portfolio
    • 10.2.2.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.2.5. Recent Developments
  • 10.2.3. Cemex S.A.B DE C.V.
    • 10.2.3.1. Overview
    • 10.2.3.2. Description
    • 10.2.3.3. Product Portfolio
    • 10.2.3.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.3.5. Recent Developments
  • 10.2.4. Heidelberg Materials
    • 10.2.4.1. Overview
    • 10.2.4.2. Description
    • 10.2.4.3. Product Portfolio
    • 10.2.4.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.4.5. Recent Developments
  • 10.2.5. TAIHEIYO CEMENT CORPORATION
    • 10.2.5.1. Overview
    • 10.2.5.2. Description
    • 10.2.5.3. Product Portfolio
    • 10.2.5.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.5.5. Recent Developments
  • 10.2.6. JSW Cement
    • 10.2.6.1. Overview
    • 10.2.6.2. Description
    • 10.2.6.3. Product Portfolio
    • 10.2.6.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.6.5. Recent Developments
  • 10.2.7. Dalmia Bharat Limited
    • 10.2.7.1. Overview
    • 10.2.7.2. Description
    • 10.2.7.3. Product Portfolio
    • 10.2.7.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.7.5. Recent Developments
  • 10.2.8. Anhui Conch Cement Co., Ltd.
    • 10.2.8.1. Overview
    • 10.2.8.2. Description
    • 10.2.8.3. Product Portfolio
    • 10.2.8.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.8.5. Recent Developments
  • 10.2.9. Martin Marietta Materials
    • 10.2.9.1. Overview
    • 10.2.9.2. Description
    • 10.2.9.3. Product Portfolio
    • 10.2.9.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.9.5. Recent Developments
  • 10.2.10. Votorantim Cimentos
    • 10.2.10.1. Overview
    • 10.2.10.2. Description
    • 10.2.10.3. Product Portfolio
    • 10.2.10.4. Financials (Data as available in public domain and/or on paid databases)
    • 10.2.10.5. Recent Developments

11. Strategic Recommendations