Cement Market Outlook:
Cement Market size was valued at USD 475.82 billion in 2025 and is expected to reach USD 724.91 billion by 2035, expanding at around 4.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of cement is evaluated at USD 494.23 billion.
The global cement market is rising steadily due to evolving sustainability goals and expanding infrastructure development worldwide. Production of cement accounted for about 1.5% of global COâ‚‚ emissions in 2021, hence putting tremendous pressure on the industry for innovative and sustainable practices. As a result, companies are actively seeking out technologies to meet these demands. For instance, in August 2023, Cemex and Synhelion jointly manufactured clinkers using only solar heat, which was a game-changing milestone in carbon-neutral manufacturing. At the same time, governments are strengthening investments in infrastructure, thereby increasing the demand for cement in residential, commercial, and industrial projects across the globe.
Additionally, decarbonization pressure for building materials is another critical driver of market expansion. For instance, UltraTech Cement teamed up with the University of California Los Angeles to deploy the Zero Carbon Lime technology in October 2024, capable of reducing CO2 emanations from limestone decomposition by up to 98.0% due to its compliance with world sustainability goals and a prospective to position the sector in an advantageous long-term perspective end. Government initiatives, such as investment in road transport, further amplify infrastructure development and create ample opportunities for cement manufacturers.
