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White Cement Market is expected to depict a commendable upsurge during 2019 - 2025

Author : Rahul Varpe | Published Date : 2019-10-14 

Global Market Insights has announced the launch of White Cement Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

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The global white cement market will be augmented by the developments in the construction industries in emerging economies. Countries like China, India, Brazil, Indonesia, Thailand, etc. are experiencing fast growths in their respective construction sectors. Economic developments, population rise, increase in income levels & employments, and rapid urbanization have boosted the housing demand in these emerging countries. This has led to the proliferation of their respective civil construction industries over the last decade.

Government initiatives to boost infrastructure development in emerging countries have also propelled the construction industries. China marked an investment of more than USD 1.5 billion in real estate investment in 2017, of which residential buildings accumulated a share of more than 70%. Similarly, India is also witnessing fast paced growth in the real estate sector with several corporates shifting their bases in the country. The Indian real estate sector was estimated to be worth around USD 120 billion in 2017, and is projected to reach up to USD 1 trillion by 2030.

However, the white cement market growth may be hampered by the higher cost of white cement when compared to its common counterparts. This can be attributed to the higher energy costs required while manufacturing the product. The use of substitutes such as plastic materials for building activities may also hamper the market development in the forecast period.

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North America and Asia Pacific will be key regional white cement markets. The highly mature nature of the North American construction industry will be an important driving factor for the global market. Additionally, the product demand in North America will be positively influenced by building renovation and restoration activities in the region. Middle East will also be a key market characterized by a fast growth rate owing to the swift rise in residential and commercial construction activities in Saudi Arabia, UAE and other Middle Eastern countries.

Some of the key companies in the white cement  market share includes Aditya Birla Group, Cementir Holding, Cemex, JK Cement, SOTACIB, Çimsa Çimento, Ras Al Khaimah Co., Saveh White Cement Co., Federal White Cement, Cementos Portland Valderrivas, etc.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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