Features White cement consumption to top 22 million tons on steady economic growth 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Environment Heidelberg's Burglengenfeld plant invests EUR 230 million Major environmental shift at Burglengenfeld June 14, 2024 Markets & Competition Bamburi Cement extends loan to its subsidiary Cement giant provides significant funding to boost June 14, 2024 MOST READ Environment Holcim Philippines eyes recycling 10M tons of Holcim Philippines aims to recycle demolition wastes by June 07, 2024 Markets & Competition Holcim and Norman Foster Foundation unveil sustainable Sustainable homes will utilize Holcim's EcoPlanet June 12, 2024 White cement consumption to top 22 million tons on steady economic growth Between 2019 and 2024, global white cement demand is projected to increase modestly to over 22 million tons, according to CW Research's 2020 Global White Cement Market and Trade Report. The global economy is expected to recover and continue to grow, providingthe backdrop for the encouraging trend, since, as a premium commodity, consumption of white cement benefits from GDP growth and increasing consumer spending. ÔÇ£In spite of the dark clouds that have been pervading menacingly over the global economic sentiment, the global white cement market managed to weather the storm and come out relatively unscathed, in comparison to the much larger and more followed global gray cement market,ÔÇØ notes Prashant Singh, CW Group's Associate Director. Asia ex-China gains consumption share At a global level, during the period of 2014 to 2019, the regions that drove the white cement market were North America and Western Europe. Additionally, Asia ex-China has become an important growth center over the past five years. Regions including the Middle East and E. Europe & CIS (primarily Turkey) are facing numerous economic challenges and experienced either decline or stagnation in demand in 2019. China remains the largest white cement market from a regional perspective, accounting for roughly a third of global demand. However, its share of world consumption is expected to decrease as other regions including Asia ex-China, E. Europe & CIS, and Africa see faster rates of demand growth, outpacing China over the forecast period from 2019 to 2024. China leads world production In addition to leading global consumption of white cement, in 2019, China accounts for an estimated 34 percent of the production market, followed by the Middle East, albeit at a very distant second place. Western Europe comes next, followed by Asia ex-China, both holding double-digit shares of the world's white cement output. ÔÇ£China and the Middle East remain the leaders in production. However, in terms of percentage, North America is expected to more than double its existing capacity by 2024, with the commissioning of US Cement's 0.5-million-ton plant in Brady, Texas,ÔÇØ assesses Carolina Pereira, Business Analyst at CW Group. In the last five years, capacity additions have grown steadily, with some notable increments. Ultratech Cement's capacity increased to 0.7 million tons in 2019 in Kharia Khangar, at the Rajasthan cement plant. In 2018, Gezhouba Shimen Special Cement Company commissioned a new production unit in Guangxi province, China, with a capacity of 0.6 million tons. Another example is that of Xi Mang Trang, which, also in 2018, commissioned a new production unit in Vietnam, with a capacity of 0.1 million tons of white cement. CW Research's 2020 update of the Global White Cement Market and Trade Report examines the worldwide white cement industry and presents the latest market data which cover the 2009 -2019E period, with a medium-term forecast until 2024. The comprehensive report includes cement consumption and production figures, import and export data, as well as pricing trends and white cement capacity developments. Additionally, this data-rich research product provides extensive quantitative information on consumption, usage segments, production, local prices, trade prices, type of handling, trading facilities and trade-flows, by region and major countries. Furthermore, the report analyzes region specific user segments by white cement type and their main consumption drivers as well as perspective for 2024. For more information, placing an order, or interview inquiries, please contact Mihnea Manea, Media and Market Services Executive, CW Group, by phone at +40 723 281 704, or e-mail at [email protected] Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. 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