The global cement market size reached a value of USD 425.50 Billion in the year 2025. The market is expected to grow at a CAGR of 5.40% between 2026 and 2035 to reach USD 719.96 Billion by 2035.
The cement industry continues to play a critical role in global infrastructure development, serving as a foundational material across residential, commercial, and industrial construction projects. With rising urbanization and expanding transportation networks in emerging economies, the demand for high-performance construction materials such as cement is seeing steady acceleration.
The increasing focus on smart cities, rapid industrialization, and large-scale government investments in public infrastructure projects are further fueling the need for durable and cost-effective building materials. Cement, known for its structural integrity and versatility, remains at the forefront of this evolution in the construction ecosystem.
Base Year
Historical Period
Forecast Period
India, with its large population, is the second-largest cement producer globally. As per industry reports, it accounts for more than 8% of the global capacity.
In the U.S., cement shipments in the New England and Middle Atlantic region (Maine, New York, and Pennsylvania) totalled 555,611 metric tons in August 2023.
In the West South-Central region of the U.S., cement shipments were 1,240 metric tons in January 2023, 1,820 metric tons in February 2023, and 1,743 metric tons in March 2023.
Compound Annual Growth Rate
5.4%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Cement Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 425.50 |
| Market Size 2035 | USD Billion | 719.96 |
| CAGR 2019-2025 | USD Billion | XX% |
| CAGR 2026-2035 | USD Billion | 5.40% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 7.0% |
| CAGR 2026-2035 - Market by Country | India | 8.0% |
| CAGR 2026-2035 - Market by Country | Canada | 6.7% |
| CAGR 2026-2035 - Market by Type | Blended | 6.0% |
| CAGR 2026-2035 - Market by End Use | Residential | 6.2% |
| Market Share by Country 2025 | USA | 26.1% |
Cement is one of the vital commodities for emerging economies. Today, different types of cement are produced to meet different physical and chemical requirements of specific situations, such as durability and strength. The product is generally used for mass constructions, such as houses, civil works, and industrial estates. Rising infrastructure spending, particularly in the non-residential segment, is a significant driver of cement market development, as cement is used in various applications such as road construction, dam construction, commercial establishments, industrial structures, stadium construction, and transportation hub construction.
As construction activities continue to expand, many countries are prioritizing durable and cost-efficient building materials, further increasing the reliance on cement-based solutions. Urbanization and population growth are also contributing to the rising demand, as emerging cities require new residential complexes, public infrastructure, and commercial facilities. Additionally, advancements in construction technology are encouraging manufacturers to develop more specialized cement blends that support faster project completion and improved structural performance. With governments focusing on long-term infrastructure upgrades and private developers investing in modern building projects, the need for reliable cement products remains strong. This ongoing momentum highlights cement’s critical role in supporting economic development and shaping the built environment across growing regions.
Rising demand for eco-friendly cement and increasing infrastructure development in residential sectors are the factors boosting the cement market value.
LafargeHolcim, a leading cement producer, has introduced ECOPact, a low-carbon concrete product that reduces CO2 emissions by up to 30% compared to traditional concrete mixes. This trend is driven by increasing government regulations and consumer demand for more environmentally friendly construction materials.
Another key trend is the focus of major cement producers located in North America and Europe to increase their presence in high-growth regions, particularly China and other Asia Pacific countries. CEMEX, a global building materials company, has been expanding its operations in Asia to capitalise on the region's growing construction market.
Governments in various regions are investing heavily in the development and maintenance of transportation infrastructure, hospitals, and schools through. For instance, Smart Cities Mission and the Pradhan Mantri Awas Yojana initiatives by Indian government is fuelling the demand for cement.
Additionally, the growing need for hospitals and schools is also contributing to the market growth. Urbanisation and infrastructure developments are increasing the demand for cement, and the industry is expected to rise due to the growing need for residential spaces in developing countries in the Asia Pacific, the Middle East, and Africa. Furthermore, government efforts like housing schemes, the building of hospitals and educational facilities, and the development and maintenance of transportation infrastructure are also driving the cement market development.
In the healthcare sector, cement is witnessing heightened applications to improve the quality of hospitals and ambulatory surgical centres. The anticipated increase in standards of healthcare units is escalating the application of cement in cyclotron and patient diagnostic and treatment areas to control radiation, facilitating the growth of the market share cement industry. Growing demand for concrete to increase wall thickness for greater privacy of patients is further shaping the demand for the product.
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The EMR’s report titled “Cement Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by End-Use
Market Breakup by Region
Portland Cement Demand Rises with Growing Railway Construction
Portland cement accounts for a heathy portion of the market share, owing to its increasing incorporation in urban cities to facilitate the construction of bridges, pavements, sidewalks, and reinforced concrete buildings, among others. In addition, the rising demand for cement in the construction of railway structures is contributing to the global cement market expansion.
Blended cement, on the other hand, is a mix of ordinary Portland cement (OPC) and supplementary materials like fly ash, slag, or silica fume. It offers enhanced workability, strength, durability, and chemical resistance to concrete structures. Emerging markets in the Asia Pacific region, including India, Vietnam, Malaysia, the Philippines, and Nigeria, are witnessing a surge in demand for blended cement due to their robust construction activities.
Residential Segment Boosted by Growing Housing Demand
Cement is widely used to build strong, durable, and versatile structures as well as to bolster the productivity of various end use sectors. As per cement market analysis, the rapid expansion of industrial, institutional, and commercial sectors across the emerging economies is fuelling world cement production.
In terms of end-use, the residential segment is likely to account for a decent cement market share. Apart from structural applications, cement can augment the aesthetics of a residential structure by providing a smooth finish to floors, staircases, and walls.
Meanwhile, the increasing prevalence of natural calamities, such as earthquakes and tsunamis, is compelling various governments to emphasise more on high-quality cement and concrete to enhance the stability of roads, schools, dams and ports, and driveways, among other commercial and institutional structures.
Market players are implementing various strategies, such as acquisitions, development of zero-carbon construction materials, and collaborations, to expand their market share
Founded in 1833 and headquartered in Switzerland, United Kingdom, is a global leader in innovative and sustainable construction solutions. Holcim's operations include producing cement, processing and distributing aggregates, and supplying ready-mix concrete and asphalt to residential, commercial, and infrastructure customers.
Established in 1984 and based in Beijing, China, is a prominent player in the construction materials industry. The company has a diversified portfolio that includes cement, iron ore, concrete, and glass fibre.
Founded in 1983 and headquartered in Mumbai, India, is the country's largest manufacturer of grey cement, Ready Mix Concrete (RMC), and white cement. The company operates across India, UAE, Bahrain, and Sri Lanka, offering a wide range of cement-related products.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the global cement market report include Heidelberg Materials AG, CRH plc, CEMEX S.A.B. de C.V., Buzzi SpA, Dangote Industries Limited (Dangote Cement Plc), Anhui Conch Cement Company Limited, BBMG Corporation, GCC, S.A.B. de C.V., and Votorantim Cimentos, among others.
Asia Pacific Leads with Strong Cement Output and Plant Presence
Asia Pacific is one of the fastest growing regions in the cement market. Within the Asia Pacific region, India has been witnessing upward trajectory because of the expanding cement plants and production capacities. As per industry reports, there are 210 cement plants in India, with 77 located in the states of Andhra Pradesh, Rajasthan, and Tamil Nadu.
On the other hand, the North American region escalated cement market expansion due to the presence of leading manufacturers of cement aggregates and ready-mixed concretes. The market is expected to be propelled by strong supply chains of cement due to large supplies of limestone, and gypsum, among other raw materials in areas like Alpena.
Africa and Europe are the regions which have picked up steady growth, fuelled by the growing research and innovations by the market players aimed towards reducing the carbon footprint in the construction sector while sustaining the volume of production.
Meanwhile, strong economic growth of East African nations such as Rwanda and Uganda are expanding the overall cement market size. Over the forecast period, strong urban development, and expanded growth opportunities for white cement, across countries like Tanzania, is likely to boost the growth of East Africa white cement market.
| CAGR 2026-2035 - Market by | Country |
| India | 8.0% |
| China | 6.7% |
| Canada | 6.7% |
| USA | 5.8% |
| Australia | 4.8% |
| Japan | 4.2% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of USD 425.50 Billion in 2025.
The market is estimated to grow at a CAGR of 5.40% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of USD 719.96 Billion by 2035.
The increasing application of cement across residential and commercial construction projects, growing demand for high-quality cement to ensure safety during outbreak of natural calamities, and rapid development of healthcare units are the major drivers of the market.
Key trends aiding market expansion include the growing emphasis of various governments towards developing high-quality cement infrastructure, and rising investments aimed towards developing energy efficient cement with reduced carbo footprint.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Blended and Portland, among others are the different types of cement in the market.
Residential, commercial, institutional, industrial and infrastructural are the different end-uses in the market.
Cement is made up of chemical aggregates such as calcium, silicon, aluminium, and limestone, among others.
Key players in the market are Holcim Limited, China National Building Material Group Co., Ltd., Ultratech Cement Limited, Heidelberg Materials AG, CRH plc, CEMEX S.A.B. de C.V., Buzzi SpA, Dangote Industries Limited (Dangote Cement Plc), Anhui Conch Cement Company Limited, BBMG Corporation, GCC, S.A.B. de C.V., and Votorantim Cimentos, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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