Mordor Intelligence forecasts global Cement Market having endured a 3.83% demand contraction in 2022, is now poised for recovery-projected to climb from 4.61 billion tons in 2025 to 5.96 billion tons by 2030, achieving a robust CAGR of 5.22%.
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Recent Industry Dynamics:
In 2022, the industry experienced a 3.83% drop in demand, linked to a slowdown in construction activity and reduced new floor area development across key markets.
The residential sector remains the largest consumer globally, fueled by sustained urbanization and concrete housing trends, especially in emerging markets.
Infrastructure development continues to be a major growth driver. For instance, India’s infrastructure pipeline-worth over USD 25 million as of May 2022-underscores the strength of government-backed construction.
The commercial construction segment is evolving rapidly, with the new floor area expected to grow at a 4.56% CAGR between 2023 and 2030, thanks to rising demand for modern offices, retail spaces, and logistics infrastructure.
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Segments:
Ordinary Portland Cement (OPC): Still a foundational product, especially in infrastructure projects. The market is estimated to grow from 1.34 billion tons in 2025 to 1.68 billion tons by 2030, at a CAGR of 4.69%.
Green Cement: Driven by regulatory interventions, carbon pricing, and ESG-linked procurement, the green cement sector is estimated at USD 32.77 billion in 2025, with projections to reach USD 47.16 billion by 2030, translating to a 7.55% CAGR
Within green cement, fly‑ash‑based formulations led the market in 2024 (44.22% revenue share), while non-residential construction dominated usage (58.44% of the market), showing the impact of policy and sustainability mandates
Asia‑Pacific will remain the fastest-growing region, whereas North America retains volume leadership given its mature supply chain and early policy adoption.
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Geographical Overview:
North America: Cement demand is forecast to grow from approximately 202.97 million tons in 2025 to 251.97 million tons by 2030, with a CAGR of 4.42%. Demand is driven by continued housing and commercial construction, though market growth may be tempered by carbon emission regulations and import pressures from major cement-exporting countries.
Spain: Key public infrastructure investments under the €163 billion National Recovery and Resilience Plan are driving growth. Spain’s cement demand is expected to rise from 16.94 million tons in 2025 to 20.67 million tons by 2030, reflecting a CAGR of 4.06%. Moreover, blended cement may grow faster in Spain, with an expected 6.12% CAGR, supported by EU incentives for low‑clinker blends
Strategic Outlook:
Mordor Intelligence’s analysis suggests the cement market is steering toward solid recovery and expansion. Key regional infrastructure plans, urbanization trends, and rising adoption of eco-friendly cement variants position the industry for a period of sustained growth.
Policy Influence & Sustainability: ESG-linked financing and procurement mandates are rapidly mainstreaming green cement, while blended and fiber cement offer practical, environmentally conscious alternatives to conventional options.
Investment & Infrastructure Commitment: Massive campaigns, especially in Asia-Pacific and Europe, are reshaping cement usage across sectors. These strategies are buttressed by government investments and policies to address housing shortfalls and modernization needs.
Innovation & Market Diversification: Growing reliance on specialty cement types—from OPC and blended mixes to green and fiber options—offers strategic flexibility, delivering performance and compliance in a shifting regulatory and environmental landscape.
In addition to trend analysis, Mordor Intelligence offers a comprehensive competitive landscape featuring profiles of major market players, detailing their product offerings, market strategies, and recent developments.
For a comprehensive understanding of the trends shaping the future of the Cement Industry, access the full report on the Cement Market here. Stay ahead of the curve by leveraging our insights to drive your strategic decisions.
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