Market Definition
Blended cement is sustainable cement prepared by substituting a part of the traditional Portland cement clinker with high-blending materials, such as silica fume, fly ash, slag, & limestone. It is witnessing high demand worldwide owing to its benefits like improved durability, strength, workability, & chemical resistance of concrete, as well as significantly reduced carbon emissions.
Market Insights
The Global Blended Cement Market is projected to grow at a CAGR of around 3.6% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by rapid urbanization across different countries, numerous ongoing & upcoming building & construction projects associated with both residential & non-residential sectors, and massive investments in infrastructure developments related to roads, bridges, dams, public utility structures, airports, military facilities, & power plants, etc.
Globally, India, Vietnam, Malaysia, Philippines, & Nigeria are emerging as highly lucrative areas for blended cement manufacturers owing to their booming construction industries with an exponentially increasing number of commercial & residential buildings. On the other front, the market growth is decent in the US, Poland, South Korea, & Turkey.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 3.6% |
| Regions Covered | North America: The US, Canada, Mexico |
| South America: Brazil, Argentina | |
| Europe: The UK, Italy, Germany, France, and Others | |
| Middle East & Africa: Saudi Arabia, South Africa | |
| Asia-Pacific: China, India, Japan, South Korea, Others | |
| Key Companies Profiled |
ACC Limited, Anhui Conch Cement, CEMEX S.A.B. de C.V., Dalmia Bharat Group, Holcim Group, Heidelberg Cement, JSW Cement, Taiheiyo Cement Corporation, The Siam Cement Group, and UltraTech Cement Limited |
| Unit Denominations | USD Million/Billion |
With stringent government norms for various industries to eliminate or reduce the use of toxic materials in order to curb the alarming levels of carbon emissions, businesses have started adopting eco-friendly measures to contribute to a sustainable environment. Since Cement is one of the most prominent building & construction materials, dramatically rising construction activities & infrastructural developments are augmenting the demand for Blended Cement, i.e., a cost-effective alternative to traditional Portland cement and can significantly reduce CO2 emissions.
Blended Cement has become increasingly popular among both consumers & builders in recent years, which owes to its benefits, including but not limited to low permeability, superior resistance to chlorides/sulfates, excellent strength, & enhanced workability. Hence, these aspects project numerous opportunities for the Global Blended Cement Market to witness notable expansion in the coming years.
