White Cement Market Share

On the basis of geographical analysis, the global white cement market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is poised to account for largest revenue share by 2037, ascribed to surge in construction and building expenditures, and growing demand for white cement in commercial projects in India and China. In the financial year 2017, around 9 percent of India’s total GDP share was spent in the construction sector, up from approximately 8.5 percent from the previous year. The increase in urban population is also projected to drive the region’s market growth in the future. Moreover, the market in Europe is anticipated to occupy a significant market share during the forecast period, which can be credited to the increase in renovation and remolding activities, and shift in construction trend from steel and glass to cement.