Cement Market

By Type;

Blended, Portland and Others

By End-Use;

Residential, Commercial and Infrastructure

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn746112305 Published Date: September, 2025 Updated Date: October, 2025

Cement Market Overview

Cement Market (USD Million)

Cement Market was valued at USD 220,623.11 million in the year 2024 . The size of this market is expected to increase to USD 318,812.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.


Cement Market

*Market size in USD million

CAGR 5.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.4 %
Market Size (2024)USD 220,623.11 Million
Market Size (2031)USD 318,812.46 Million
Market ConcentrationMedium
Report Pages393
220,623.11
2024
318,812.46
2031

Major Players

  • Al Rashed Cement
  • Al Safwa Cement Company
  • Hail Cement Company
  • Qatrana Cement Company
  • Riyadh Cement Company
  • Qassim Cement Company
  • Yanbu Cement Company
  • Najran Cement Company
  • Saudi Cement Company
  • Yamama Saudi Cement Company

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cement Market

Fragmented - Highly competitive market without dominant players


The Cement Market plays a pivotal role in supporting infrastructure and construction growth. With over 45% of usage connected to residential and housing projects, cement remains the backbone of urban development. Its adaptability across industrial, residential, and commercial projects ensures consistent demand as industries move toward sustainable construction practices.

Market Overview
Growing construction activity and modernization efforts are driving sector growth. Nearly 50% of total demand comes from rapid industrialization and urban expansion. At the same time, over 30% of cement output is already influenced by energy-efficient manufacturing, highlighting the industry’s shift toward low-emission and eco-conscious processes.

Technological Advancements
Innovation is central to improving efficiency and sustainability. More than 40% of R&D spending targets low-clinker products, blended cement, and recycled raw materials to reduce carbon impact. These advancements not only enhance durability and cost performance but also reinforce cement’s role in delivering sustainable building solutions.

Future Outlook
The future of the Cement Market indicates steady expansion alongside rising interest in eco-friendly alternatives. Reports suggest that more than 50% of stakeholders expect green cement to lead material preferences in the coming years. With unmatched importance in construction and ongoing innovations, cement is positioned as a cornerstone of both economic progress and environmental responsibility.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Region
  4. Cement Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization
        2. Infrastructure Development
        3. Population Growth
        4. Economic Expansion
      2. Restraints
        1. Environmental Regulations
        2. High Energy Consumption
        3. CO2 Emissions
        4. Raw Material Costs
      3. Opportunities
        1. Sustainable Construction
        2. Green Technologies
        3. Emerging Markets
        4. Technological Advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cement Market, By Type, 2021 - 2031 (USD Million)
      1. Blended
      2. Portland
      3. Others
    2. Cement Market, By End-Use, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Infrastructure
    3. Cement Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Al Rashed Cement
      2. Al Safwa Cement Company
      3. Hail Cement Company
      4. Qatrana Cement Company
      5. Riyadh Cement Company
      6. Qassim Cement Company
      7. Yanbu Cement Company
      8. Najran Cement Company
      9. Saudi Cement Company
      10. Yamama Saudi Cement Company
  7. Analyst Views
  8. Future Outlook of the Market