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

Growth Factors of Portland cement Market

The global Portland cement market continues to expand, supported by rapid urbanization, large-scale infrastructure development, and rising demand for commercial and residential construction worldwide. According to the latest industry analysis, the market was valued at USD 74.45 billion in 2024, is expected to increase to USD 77.88 billion in 2025, and is projected to reach USD 106.77 billion by 2032, reflecting sustained growth driven by global development initiatives. Portland cement remains the core binding material used in concrete, mortar, plaster, and stucco, providing durability, strength, and structural integrity across all construction sectors.

Market Overview

Portland cement is a finely ground powder that hardens after reacting with water. Due to its high compressive strength and versatility, it is extensively used for highways, bridges, tunnels, dams, skyscrapers, and residential buildings. Increasing adoption of affordable housing initiatives, rising demand for office buildings, and the expansion of malls, retail centers, and industrial zones are fueling the global consumption of Portland cement.

In 2024, Asia Pacific dominated the global market with a 45.72% share, supported by massive construction investments in China, India, and Southeast Asia, where population growth and urban migration remain high. Major companies leading market growth include Mitsubishi Cement Corporation, UltraTech Cement, AGICO, CEMEX S.A.B. de C.V., and Heidelberg Cement.

Market Drivers

1. Rapid Infrastructure Growth and Urbanization

Emerging economies are witnessing significant infrastructure development driven by population expansion, housing requirements, and economic reforms. Urban centers are growing at an accelerated pace, boosting demand for Portland cement in high-rise buildings, public infrastructure, smart city projects, and transport networks. As governments invest heavily in metro stations, industrial corridors, bridges, and airports, the demand for durable cement solutions is expected to accelerate consistently through 2032.

2. Technological Advancements and Digitalization

Technological upgrades in cement production-such as IoT-based monitoring, AI-driven optimization, automation, and energy-efficient manufacturing techniques-are helping companies enhance output and reduce operational costs. The integration of 3D printing, supplementary cementitious materials (SCMs), and carbon-capture technologies is further boosting efficiency and sustainability. These advancements improve product quality, reduce emissions, and enable precise resource utilization, strengthening global competitiveness.

Market Restraints

The market faces challenges from volatile raw material costs, including limestone, clinker, and fuel. Fluctuating energy prices directly impact production costs, forcing manufacturers to explore cost-effective alternatives such as slag, fly ash, or other SCMs. Price instability creates uncertainty for producers and limits profitability, particularly in regions dependent on fuel imports.

Market Opportunities

Growing global focus on sustainability and environmentally responsible construction is creating new opportunities for blended, low-carbon, and eco-friendly cement. Carbon-capture technologies, alternative fuels, and high-volume SCM blends are being adopted to reduce emissions. With the worldwide construction market expected to grow by USD 4.5 trillion, reaching USD 15.2 trillion, demand for sustainable cement solutions aligned with the UN Sustainable Development Goals (SDGs) for resilient infrastructure is expected to rise significantly.

Market Challenges

Environmental regulations surrounding CO2 emissions require significant upgrades in production technologies. The emergence of alternative construction materials-including geopolymer concrete, engineered timber, and recycled aggregates-poses competitive pressure on traditional Portland cement. Additionally, global trade protectionism such as tariffs, import restrictions, and anti-dumping duties can influence cement pricing and international trade flows.

Segmentation Insights

By Type

Ordinary Portland Cement (OPC) holds the largest market share, driven by its widespread use in residential and commercial construction. OPC remains preferred for highways, bridges, foundations, and large concrete structures due to its high strength and durability.

Blended cement is gaining momentum as an eco-friendly alternative, offering reduced carbon emissions and improved performance owing to additives like slag, fly ash, and silica fume.

By End-Use

The non-residential segment dominated in 2024, fueled by the construction of commercial buildings, retail infrastructure, transport networks, and industrial facilities.

The residential segment is expected to grow steadily due to rising housing demand, urban expansion, and government incentives targeting affordable housing and smart homes.

Regional Outlook

Asia Pacific - USD 34.04 billion in 2024

Asia Pacific leads the global market with strong contributions from China and India, supported by massive government spending on highways, rail networks, and smart city programs.

North America

Growth is driven by infrastructure rehabilitation, sustainable construction initiatives, and investments in commercial and residential development across the U.S. and Canada.

Europe

Stringent environmental regulations encourage the use of blended cement, low-carbon materials, and sustainable technologies. Renovation of aging infrastructure remains a major demand driver.

Rest of the World

Countries in Latin America and the Middle East & Africa are expanding infrastructure networks, ports, and energy facilities, generating consistent demand for Portland cement.

Conclusion

With the global Portland cement market increasing from USD 74.45 billion in 2024 to USD 77.88 billion in 2025, and projected to reach USD 106.77 billion by 2032, the market continues to benefit from rapid urbanization, expanding construction activities, and sustainability-driven innovation. Infrastructure upgrades worldwide will remain a major driver of accelerated market growth.

Segmentation By Type

• Ordinary Portland Cement (OPC)
• Blended Cement
• White Cement
• Sulphate Resistant Cement
• Portland Limestone Cement
• Others

By End-Use

• Residential
• Non-Residential

By Region

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

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. Impact of Tariffs on Market
• 4.7. Price Trend Analysis

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

• 5.1. Key Findings / Summary
• 5.2. By Type
  • 5.2.1. Ordinary Portland Cement (OPC)
  • 5.2.2. Blended Cement
  • 5.2.3. White Cement
  • 5.2.4. Sulphate Resistant Cement
  • 5.2.5. Portland Limestone Cement
  • 5.2.6. 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
  • 5.4.5. Middle East & Africa

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

• 6.1. Key Findings / Summary
• 6.2. By Type
  • 6.2.1. Ordinary Portland Cement (OPC)
  • 6.2.2. Blended Cement
  • 6.2.3. White Cement
  • 6.2.4. Sulphate Resistant Cement
  • 6.2.5. Portland Limestone Cement
  • 6.2.6. 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 Portland Cement Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Type
  • 7.2.1. Ordinary Portland Cement (OPC)
  • 7.2.2. Blended Cement
  • 7.2.3. White Cement
  • 7.2.4. Sulphate Resistant Cement
  • 7.2.5. Portland Limestone Cement
  • 7.2.6. 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 Portland Cement Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Type
  • 8.2.1. Ordinary Portland Cement (OPC)
  • 8.2.2. Blended Cement
  • 8.2.3. White Cement
  • 8.2.4. Sulphate Resistant Cement
  • 8.2.5. Portland Limestone Cement
  • 8.2.6. 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 Portland Cement Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Type
  • 9.2.1. Ordinary Portland Cement (OPC)
  • 9.2.2. Blended Cement
  • 9.2.3. White Cement
  • 9.2.4. Sulphate Resistant Cement
  • 9.2.5. Portland Limestone Cement
  • 9.2.6. 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 Analysis

• 10.1. Mitsubishi Cement Corporation (U.S.)
  • 10.1.1. Overview
  • 10.1.2. Description
  • 10.1.3. Product Portfolio
  • 10.1.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.1.5. Recent Developments
• 10.2. UltraTech (India)
  • 10.2.1. Overview
  • 10.2.2. Description
  • 10.2.3. Product Portfolio
  • 10.2.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.2.5. Recent Developments
• 10.3. AGICO (U.S.)
  • 10.3.1. Overview
  • 10.3.2. Description
  • 10.3.3. Product Portfolio
  • 10.3.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.3.5. Recent Developments
• 10.4. CEMEX S.A.B. de C.V. (Middle East & Africa)
  • 10.4.1. Overview
  • 10.4.2. Description
  • 10.4.3. Product Portfolio
  • 10.4.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.4.5. Recent Developments
• 10.5. HeidelbergCement (Germany)
  • 10.5.1. Overview
  • 10.5.2. Description
  • 10.5.3. Product Portfolio
  • 10.5.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.5.5. Recent Developments
• 10.6. InterCement Participacoes S.A. (Latin America)
  • 10.6.1. Overview
  • 10.6.2. Description
  • 10.6.3. Product Portfolio
  • 10.6.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.6.5. Recent Developments
• 10.7. Holcim Ltd. (Switzerland)
  • 10.7.1. Overview
  • 10.7.2. Description
  • 10.7.3. Product Portfolio
  • 10.7.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.7.5. Recent Developments
• 10.8. Titan Cement Company S.A. (Greece)
  • 10.8.1. Overview
  • 10.8.2. Description
  • 10.8.3. Product Portfolio
  • 10.8.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.8.5. Recent Developments
• 10.9. Prism Cement (India)
  • 10.9.1. Overview
  • 10.9.2. Description
  • 10.9.3. Product Portfolio
  • 10.9.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.9.5. Recent Developments
• 10.10. Anjani Cement (India)
  • 10.10.1. Overview
  • 10.10.2. Description
  • 10.10.3. Product Portfolio
  • 10.10.4. Financials (Data as available in public domain and/or on paid databases)
  • 10.10.5. Recent Developments

11. Strategic Recommendations