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.
Recent Developments in the Global Blended Cement Market
Market Dynamics
Key Drivers:
Growth Restraints:
Market Segmentation
Based on Material:
Of them all, Slag as a blending material is projected to acquire a significant share of the Global Blended Cement Market during 2023-28. The mounting demand for quality & eco-friendly materials, coupled with the shifting energy trends away from coal-fired plants, are leading to the rapidly diminishing availability of fly ash globally. Consequently, the demand for slag-based blends that exhibit superior durability, versatility, strength, & low heat of hydration is burgeoning worldwide.
Slag-based blended cement is ideal for sustainable infrastructure developments & facilitates exceptional housing facilities owing to its high compressive & flexural strength, better workability, superior finish, fewer cracking risks, & improved life. Hence, as a result of the rapidly growing population & urbanization, various countries worldwide are witnessing numerous commercial & residential construction activities, which, in turn, are escalating the demand for slag blends and fueling the blended cement market growth.
Based on Application:
Of both, the residential application of blended cement is projected to witness rapid growth and significantly boost the overall industry through 2028. It owes to a dramatic rise in residential building construction activities across Western & Eastern Europe, coupled with a robust rebound of the real estate sector in the developing countries of Central & South America, the Middle East & Africa, and Asia-Pacific, especially India & Indonesia, wherein commercial construction & infrastructural developments are also on a continuous rise.
With ever-growing population rates and improving economic conditions in developing countries, massive investments are being directed toward the residential sector to facilitate housing facility developments. As a result, there's a rapidly growing demand for blended cement for the development of residential buildings owing to their brilliant quality & durability, i.e., stimulating the overall market expansion.
On the other hand, the non-residential sector currently holds the largest share of the blended cement industry globally. It owes to massive investments by both governments & the private sector in infrastructural developments associated with roads, bridges, dams, trade centers, shopping malls, corporate spaces, power plants, etc., driven mainly by the booming tourism sector in conjunction with rapid urbanization globally.
Regional Projection
Geographically, the Global Blended Cement Market expands across:
Of all regions globally, Asia-Pacific is the largest Blended Cement Market, with China, the world's largest cement producer, as the leading country in the regional market. It ascribes to the rising population & rapid urbanization, improving economy, and substantial investments by governments in smart city projects & other infrastructure developments, especially across India & China.
Despite the vast share of China in the blended cement industry, both globally & regionally, the country is witnessing a slow demand growth owing to the cement overcapacity, which has resulted in bans on new production plants & expansions.
On the other hand, India is prominently backing the regional market growth, owing to its huge population, i.e., an enormous base for the exponential cement demand, and significant economic developments in recent years, which again cites an ever-increasing cement utilization in the country. These gains indicate the immense potential of the blended cement industry in India, i.e., yet to be untapped.
Furthermore, Indonesia & Vietnam are also emerging as notable areas of opportunities for blended cement manufacturers, mainly due to various ongoing & upcoming construction projects for healthcare facilities, residential buildings, transportation infrastructure like roads, railways, bridges, and energy infrastructure like power plants, dams, etc.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Blended Cement Market is expected to record around 3.6% CAGR during 2023-28.
A. The booming real estate & construction sectors and the improving economic conditions of developing countries are the prime aspects projected to drive the Global Blended Cement Market during 2023-28. On the other hand, the limited availability of pozzolanic materials and, consequently, the increasing use of inferior-quality blending materials are capping the consumption of blended cement, which would hamper the overall market growth in the coming years.
A. 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 are the key companies participating in the Global Blended Cement Market.
A. The residential application would emerge as a mega profit-generating opportunity for the key companies operating in the Global Blended Cement Market during 2023-28.
