White Cement Market was valued at USD 7.80 billion in 2020 and is predicted to reach USD 14.02 billion by 2030 with a CAGR of 6.04% from 2021-2030.
White cement is used to prepare various pastels and bright colour concretes, which are then used in various prestige construction projects and other decorative works. It is prepared using raw materials such as copper, iron, manganese, nickel and titanium, which gives it a high degree of whiteness. Due to its high blending capacity and colour consistency, white cement is a preferred choice for making sculptures, monuments, cathedral, and hotels.
White cement is also used for setting marble tiles, sheathing the uneven surface of walls and floors. The increasing demand of housing development due to surging population as well as rising migration in urban areas has resulted into growing consumption of white cements. However, availability of low-cost substitutes such as tiles and plastics hampers the growth of the white cement market.
Asia Pacific holds the lion share of the global white cement market. This is attributed to factors such as rising number of housing and commercial projects, growing population and rapid urbanization in this region. On the other hand, North America is also expected to witness steady market growth during the forecast period due to increasing number of building renovation and...
Read Full Story: https://www.businesswire.com/news/home/20210920005620/en/14-Bn-White-Cement-Markets---Global-Opportunity-Analysis-and-Industry-Forecast-2021-2030---ResearchAndMarkets.com
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