Market Forecast by Countries (United States, Canada), By Type (Type 1, Type 2, Type 3, Type 4, Type 5, ), By Application (Residential, Commercial, Industrial, ), By Packing Type (10 KG, 15 KG, 25 KG, Others) And Competitive Landscape
Product Code: ETC406478 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Portland Cement Marketย |
Forecast period | 2024-2030 |
CAGR | 5.5% |
Growing Sector | Construction |
The North America Portland Cement Market report thoroughly covers the market by Countries, Type, Packing Type, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Portland cement market in North America is expected to grow at a steady rate during the forecast period of 2024-2030. The demand for Portland cement is driven by various factors such as the growing construction industry, infrastructure development, and increasing urbanization.
According to 6Wresearch, the North America Portland Cement Market size is expected to grow at a significant CAGR of 5.5% during 2024-2030. One of the key drivers of this market is the rising demand for affordable housing solutions. With an increasing population and urbanization, there is a pressing need for more residential buildings. As a result, governments and private players are investing heavily in housing projects, which in turn fuels the demand for Portland cement. Moreover, there is a push towards eco-friendly construction practices, which has led to a shift towards using Portland cement in sustainable building projects. This is because Portland cement is known for its durability, strength, and ability to be recycled. The demand for portable cement is also driven by a strong emphasis on reducing carbon emissions and promoting green buildings.
However, the market also faces some challenges that could hinder its growth. One of them is the volatility of raw material prices, which affects the production costs of cement manufacturers. Additionally, there are concerns over the environmental impact of cement production, as it is known to be a major contributor to greenhouse gas emissions.
The Portland cement industry in North America is dominated by a few key players, including LafargeHolcim Ltd., Cemex SAB de CV, and HeidelbergCement AG. These companies have a significant market presence and offer a wide range of products for various construction applications. Other notable players in the market include Votorantim Cimentos SA, CRH Plc, and Buzzi Unicem SpA. These leading players have a strong distribution network and invest heavily in research and development to introduce new and innovative cement products to meet the changing demands of the construction industry in North America.
The Portland cement industry in North America is subject to various government initiatives aimed at promoting sustainable and environmentally friendly practices. Governments across the region have implemented regulations focused on reducing carbon emissions and promoting the use of alternative fuels for cement production. The United States Environmental Protection Agency (EPA) has set emission limits for cement plants and encourages the use of alternative energy sources such as biomass and waste materials. In Canada, there are stringent regulations for air quality control that affect cement production facilities. Moreover, both countries have introduced measures to encourage the use of environmentally friendly cement products in government-funded projects.
The North America Portland Cement market is expected to experience steady growth in the coming years, driven by factors such as increasing construction activities and infrastructure development projects. The region also has a growing demand for sustainable and eco-friendly construction materials, which will drive the adoption of alternative cement products. Moreover, with advancements in technology, there is a shift towards automated production processes and digitalization in the cement industry, leading to increased efficiency and cost savings. Additionally, the rise of green building initiatives and government regulations promoting sustainable practices will further support market growth in the future.
According to Ravi Bhandari, Research Head, 6Wresearch, the Type 1 cement dominates the North America Portland Cement market. This type of cement is known for its high compressive strength and is widely used in various applications such as residential and commercial construction.
The residential sector is the largest consumer of Portland Cement in North America, accounting for nearly half of the overall market share. This can be attributed to an increase in population and urbanization rates, leading to a rise in demand for housing.
In terms of packing type, 25 KG bags continue to dominate the North America Portland Cement market. This is due to their convenience and ease of use in smaller construction projects.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Portland Cement Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Portland Cement Market Revenues & Volume, 2020 & 2030F |
3.3 North America Portland Cement Market - Industry Life Cycle |
3.4 North America Portland Cement Market - Porter's Five Forces |
3.5 North America Portland Cement Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Portland Cement Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 North America Portland Cement Market Revenues & Volume Share, By Form, 2020 & 2030F |
3.8 North America Portland Cement Market Revenues & Volume Share, By Packing Type, 2020 & 2030F |
4 North America Portland Cement Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Portland Cement Market Trends |
6 North America Portland Cement Market, 2020 - 2030 |
6.1 North America Portland Cement Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 North America Portland Cement Market, Revenues & Volume, By Application, 2020 - 2030 |
6.3 North America Portland Cement Market, Revenues & Volume, By Packing Type, 2020 - 2030 |
7 United States Portland Cement Market, 2020 - 2030 |
7.1 United States Portland Cement Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 United States Portland Cement Market, Revenues & Volume, By Application, 2020 - 2030 |
7.3 United States Portland Cement Market, Revenues & Volume, By Packing Type, 2020 - 2030 |
8 Canada Portland Cement Market, 2020 - 2030 |
8.1 Canada Portland Cement Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 Canada Portland Cement Market, Revenues & Volume, By Application, 2020 - 2030 |
8.3 Canada Portland Cement Market, Revenues & Volume, By Packing Type, 2020 - 2030 |
9 North America Portland Cement Market Key Performance Indicators |
10 North America Portland Cement Market - Opportunity Assessment |
10.1 North America Portland Cement Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Portland Cement Market Opportunity Assessment, By Type, 2020 & 2030F |
10.3 North America Portland Cement Market Opportunity Assessment, By Application, 2020 & 2030F |
10.4 North America Portland Cement Market Opportunity Assessment, By Packing Type, 2020 & 2030F |
11 North America Portland Cement Market - Competitive Landscape |
11.1 North America Portland Cement Market Revenue Share, By Companies, 2023 |
11.2 North America Portland Cement Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |