Skip navigation
Reports & Analysis Strategic Insights Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Strategic Insights
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Freedonia Group Global Cement

Global Cement Report

Industry Reports, Global

Report Overview

Play Video: Global Cement

Carbon Pressures, Fuel Prices & Trade Shocks Are Redefining the Cement Game

From Europe’s carbon taxes to China’s cooling construction market, cement producers are under pressure to cut emissions, control costs, and rethink supply strategies. This study reveals where the market is heading — and what it takes to stay competitive.

Key themes covered in this report:

  • Energy Cost Volatility Drives Major Shifts in Fuel Use & Plant Strategy:
    Spiking fuel prices are accelerating the adoption of waste-derived fuels and forcing producers to optimize plant efficiency and reconsider geographic production advantages.
  • Slower Growth in China Shifts Global Demand Focus to South & Southeast Asia:
    With China’s cement demand leveling off due to a maturing infrastructure base and weak housing market, emerging economies like India, Vietnam, and Indonesia are becoming the industry’s new growth centers.
  • Material Substitution & Product Redesign Accelerate Under Emissions Pressure:
    Cement producers are scaling the use of pozzolans, slag, limestone blends, and demolition waste to lower clinker ratios, meet sustainability goals, and align with global emissions regulations — including early-stage policies like Europe’s CBAM.
Featuring 211 tables and 98 figures!

Table of Contents

    • $310.50

    • $612.46

      • $310.50

      • $310.50

      • $310.50

    • $900.86

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

    • $705.54

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

    • $635.84

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

    • $465.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

      • $310.50

      • $310.50

    • $441.55

      • $310.50

      • $310.50

        • $310.50

        • $310.50

      • $310.50

      • $310.50

    • $427.48

      • $310.50

      • $310.50

        • $310.50

        • $310.50

      • $310.50

      • $310.50

    • $486.09

      • $310.50

      • $310.50

      • $328.95

        • $310.50

        • $310.50

    • $457.94

      • $310.50

      • $310.50

      • $310.50

      • $310.50

    • $660.20

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

    • $1,281.22

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

    • $1,058.61

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $331.88

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

    • $1,834.46

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

    • $1,200.49

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

    • $3,241.99

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $318.41

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

    • $2,282.11

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

      • $324.74

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

    • $1,902.61

      • $310.50

      • $492.10

      • $310.50

      • $991.33

    • $4,004.08

      • $310.50

      • $310.50

      • $1,453.85

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $310.50

      • $1,471.40

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $310.50

        • $359.54

Cementing Sustainability: A New Era of Green Innovation

A significant trend in the global cement market is the shift toward environmentally friendly blended cement formulations, which have lower clinker ratios achieved through the incorporation of supplementary cementitious materials such as fly ash, slag, calcined clay, and limestone. This shift is driven by regulatory pressures and the industry’s commitment to reducing carbon footprints. Companies are also adopting carbon capture, utilization, and storage technologies in collaboration with tech providers and governments. Additionally, circular economy initiatives integrate industrial waste streams, like municipal solid waste, tires, and plastics, into cement production, lowering costs and environmental impacts.

Urbanization Fuels Cement Demand in Emerging Economies

Rapid urbanization in Asia, Africa, and Latin America is significantly boosting global cement consumption, driven by infrastructure projects, affordable housing, and nonresidential construction. Major developments like roads, bridges, airports, metro systems, and ports are key demand drivers, particularly in India, Indonesia, Nigeria, and Brazil. The growing use of modular and precast concrete methods in these regions, favored globally for cost efficiency, faster completion, and improved quality control, offers additional growth opportunities.

Cleaner Fuels & Energy Efficiency Transform Cement Industry

Cement manufacturers are increasingly adopting alternative fuels like biomass, refuse-derived fuel, and tire-derived fuel, driven by cost benefits and strict emissions regulations, especially in Europe. Investments in processing infrastructure support this shift. Energy efficiency improvements, such as advanced kiln technologies, waste heat recovery, and enhanced grinding methods, further reduce energy use, costs, and emissions. While cement is primarily a business-to-business market, rising demand for sustainable building practices and certifications in developed regions encourages manufacturers to highlight environmental performance.

Global Cement Report Details

Key details about the Global Cement report
Current Total Market Size $234 billion
Forecast Total Market Growth Rate 5.7% CAGR from 2023-2028
Historical Period 2014-2024
Forecast Period 2024-2034
Units Covered Revenue in million USD (inflation-adjusted) and million metric tons
   
Regions North America, Central/South America, Western Europe, Eastern Europe, Asia
Countries Individually Covered Canada, Mexico, US, Brazil, France, Germany, Italy, Spain, United Kingdom, Poland, Russia, Australia, China, India, Indonesia, Japan, South Korea, Vietnam, Pakistan, Thailand, Philippines, Malaysia, Iran, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Nigeria
Products Portland cement, blended cement, specialty cement
Markets Building construction, infrastructure, industrial & specialty
Point Where Data is Measured Manufacturer’s Level 
Additional Elements Market Share in Total and by Region, Near Term Trend Analysis, Regulatory Trends, Mergers & Acquisitions, List of Industry Participants

Key Companies in the Global Cement Industry 

Key Global Cement Industry Participants
Anhui Conch Cement CRH
Buzzi Unicem Grasim Industries.
CEMEX Heidelberg Cement
China National Building Material Holcim
China Resources Building Materials Technology Taiwan Cement
China Shanshui Cement Group  

Global Cement Report Scope

This study covers the global market for cement. Cement types are:

  • blended cement
  • portland cement:
    • general use (also referred to as ordinary or common) gray cement
    • high early strength and sulfate-resistant cement
    • oil well cement
    • white portland cement
  • specialty cement (i.e., fly ash, slag, and other pozzolanic cements; masonry cement; aluminous or high-alumina cement)

In addition, demand is analyzed by market:

  • residential building construction
  • nonresidential building construction
  • infrastructure and other markets, including roads, bridges, and other nonbuilding construction (e.g., public utility structures, airports, military facilities, parks, playgrounds)

Cement demand is also analyzed by end user, such as:

  • ready-mix concrete producers
  • concrete product manufacturers (includes non-construction-related concrete products such as statues and wall plaques)
  • consumers (e.g., DIY housing construction, home improvement and repair projects)
  • other users/uses, including agricultural and governmental users, hazardous waste disposal, decorative applications, protection from weather and harmful compounds

Historical data for 2014, 2019, and 2024, and forecasts for 2029 and 2034 are provided for cement demand in metric tons.
Data from the US Census Department were also consulted in the preparation of this study, and a list of related codes is presented here for informational purposes. However, these codes may not include all products covered in this report or may exclude some products of interest and the data have thus been adjusted accordingly.

NAICS & SIC Codes for the Global Cement Industry
NAICS/SCIAN 2017
North American Industry Classification System
SIC
Standard Industrial Classification
327310 Cement Manufacturing 3241 Cement, Hydraulic
 
HS Trade Codes for the Global Cement Industry
HS Code Definition
2523 Portland cement, aluminous cement, slag cement, supersulfate cement and similar hydraulic cements, whether or not colored or in the form of clinkers
2523.21 White cement, whether or not artificially colored
2523.30 Aluminous cement
2523.90 Other hydraulic cements
 
NACE Codes for the Global Cement Industry
NACE Code Definition 
23.51 Portland cement, aluminous cement, slag cement, and similar hydraulic cements

Cement Industry Growth Factors

The cement industry is loosely correlated to construction activity and government investment. Although building construction may increase or decrease in a particular year, demand tends to more closely track infrastructure spending (which includes both new construction and repair work) because the size or types of buildings constructed can offset the impact of changing overall expenditures.

The most important factor influencing annual cement demand in a specific country is the level of construction activity in that country, especially trends in infrastructure projects (roads, bridges, ports, airports), commercial and residential building construction, and industrial development.

Government policies, general economic conditions, and urbanization trends also play key roles in shaping demand. Government investment and public spending on transportation, energy, and urban development projects can significantly increase cement consumption.

The type of cement used can vary depending on project requirements, environmental regulations, and material availability.

Other factors affecting annual cement demand include:

  • Availability and cost of raw materials – Local limestone, clay, and pozzolanic material availability, as well as imported materials, impact cement production and price.
  • Energy costs and fuel availability – Cement production is energy-intensive, so electricity and fuel prices influence production levels and cost competitiveness.
  • Environmental regulations and sustainability policies – Restrictions on emissions and incentives for low-carbon cement alternatives can shift demand toward blended or specialty cements.
  • Seasonality and weather conditions – Construction activity often slows during extreme weather, such as heavy rains, cold temperatures, or monsoon seasons and climate can impact the types of cements required.
  • Cement import and export dynamics – Trade policies, tariffs, and domestic production capacity affect reliance on imported cement.
  • Interest rates and credit availability – Higher borrowing costs can slow construction activity, affecting cement demand.
  • Alternative construction materials – The use of steel, wood, or other building materials in place of concrete can reduce cement demand.
  • Changes in construction techniques – Innovations like 3D printing or prefabrication may reduce overall cement consumption per project.
  • Geopolitical factors and trade restrictions – Sanctions, trade disputes, or conflicts can disrupt cement supply chains and project funding.
  • Natural disasters and reconstruction efforts – Earthquakes, hurricanes, and floods can create temporary spikes in demand due to rebuilding efforts.
  • Consumer and business confidence – Perceptions of economic stability affect real estate development and commercial construction projects.
Chart showing the evolution of global cement demand in million metric tons from 2000 through 2024
Purchase Options

Access Options

Membership

Complementary Access to Report Including:

  • consultative access to our analyst
  • unlimited downloads to reports
  • global market research in 9 languages
  • customized PPT presentations
  • passwords for your teams available
  • and more...
Become a Member
Purchase This Report

Select your license:

  • $6,600.00
  • $8,100.00
  • $9,600.00
  • — —
    Section prices in Table of Contents

Free Sample Report

A free sample report is available.

Questions & Assistance

Email us

Share This Report

Copied to clipboard. Could not copy to clipboard.

Download a Free Sample Report Now

Sample Reports include examples of all the tables, charts, infographics and topics included in this study.
By submitting this sample request you consent to receiving marketing communications from us. See our privacy policy to learn how to unsubscribe.

Use Licenses

The Single User License (SUL) authorizes a single individual to use the electronic study acquired. Agreement to the SUL is required in order to purchase the study. If you require more than one user a Departmental Site License or Global Site License should be purchased. 

The Departmental Site License (DSL) authorizes up to five users to share the study acquired. Agreement to the DSL is required in order to purchase the study. If your organization requires more than five users, the Global Site License should be purchased.

The Global Site License (GSL) allows everyone in your organization to share the study intelligence. Agreement to the Global Site License terms is necessary in order to purchase it. 

;

Related Reports and Studies

  • Global Construction Machinery

    Industry Reports

    This Freedonia study analyzes the $237 billion global construction machinery market. It provides supply and demand figures for 2012, 2017, and 2022, and forecasts for 2027 and 2032.

    June 2023 474 pages
    Free sample available
  • Global Countertops

    Industry Reports

    This Freedonia industry study analyzes the $41.9 billion global countertops industry. It presents historical demand data (2013, 2018, and 2023) and forecasts (2028 and 2033) by product, market, area of installation and major global region and country.

    March 2024 515 pages
    Free sample available
  • US Residential Fencing

    Industry Reports

    This Freedonia industry study analyzes the over $6 billion US residential market for fencing. It presents historical demand data (2012, 2017, and 2022) and forecasts (2027 and 2032) as well as annual data for years 2019-2026. Unit demand and value demand data is shown for Fencing by material, product type and market.

    October 2023 117 pages
    Free sample available
View More

Have unique research needs?

Freedonia Strategic Insights listens intently to your needs and objectives. Then we work diligently to define a service offering to meet them.
Learn About Our Custom Research Services

Stay informed with Freedonia

Receive periodic updates about new market research in areas relevant to your business. Have the convenience of Freedonia research at your fingertips when you need it.
The Freedonia Group needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press Contact
  • User Agreement
  • Privacy Policy
  • Site Map

Additional Resources

  • Market Size Resources
  • Lawn & Garden Market Research
  • Roofing Market Research
  • Pet Products Market Research
  • Countertops Market Research
  • Power Tools Market Research
  • Publishing for the PreK-12 Market Research
  • Insulation Market Resaerch
  • Cabinets Market Research
  • Flooring Market Research
  • Pet Supplements Market Research
  • Agricultural Equipment Market Research
  • Open Access Publishing Market Research
  • Silicones Market Research
  • For Legal Inquiries, contact Cohen & Cohen
Copyright © 2025 The Freedonia Group, Inc. All rights reserved.