Asia Pacific Cement Market Size, Share & Industry Analysis, By Type (Portland, Blended, and Others), By Application (Residential and Non-Residential), and Country Forecast, 2025-2032

The Asia Pacific cement market size was worth USD 255.82 billion in 2024 and is estimated to grow from USD 255.40 billion in 2025 to worth USD 313.86 billion in 2032. The market is projected to grow at a CAGR of 3.0% during the forecast period.

The Asia Pacific cement market plays a central role in global cement consumption, driven by rapid infrastructure growth, industrial expansion, and urbanization. Non-residential construction dominates demand, supported by public investments in transportation, energy, and industrial corridors. Blended cement is increasingly favored due to its cost efficiency and lower carbon footprint, aligning with national sustainability goals. 

• According to the International Energy Agency (IEA), Asia Pacific accounts for more than two-thirds of global cement production, with China and India leading volumes. 

Hence, large-scale infrastructure and government-backed sustainability policies are key to market growth in the region. 

Asia Pacific Cement Market Trends

Policy-Led Decarbonization and Modernization to be a New Market Trend 

China’s cement sector is trending toward efficiency and carbon-reduction upgrades as growth is increasingly anchored in policy-driven modernization and the national decarbonization agenda. Instead of adding new kilns, producers are investing in waste-heat recovery, energy-efficient retrofits, alternative fuels, and higher clinker substitution to align with stricter performance benchmarks.

• This shift is reinforced by the government’s 2024–2025 cement action plan, which targets a reduction of around 13 million tons of CO₂ through industrial renovation and equipment renewal, according to China’s National Development and Reform Commission (NDRC)–led “Action Plan for Energy Saving and Carbon Reduction in the Cement Industry.” 

As compliance expectations rise, competitiveness is steadily moving toward cleaner production lines and low-carbon blended cement portfolios, making operational efficiency a core differentiator in China’s market.

Market Opportunities

Industrialization Creates Opportunities for Market 

Industrial expansion across Asia Pacific offers a strong opportunity for cement producers. Manufacturing hubs, data centers, energy facilities, and logistics parks require large volumes of cement, particularly blended varieties suited for durability and efficiency. 

• According to UNESCAP, Asia Pacific continues to drive global manufacturing, supported by foreign direct investment and industrial corridor projects. As industries expand, cement demand for non-residential projects grows alongside. 

Hence, industrialization creates a sustained opportunity for producers, helping them expand Asia Pacific cement market share while diversifying into innovative, lower-carbon cement solutions.

Key takeaways

• In the by type segmentation, Portland cement accounted for around 11.5% of the Asia Pacific cement market in 2024.
• In the by application segmentation, residential segment is projected to grow at a CAGR of 2.6% during the forecast period.
• In the by country segmentation, India is projected to grow at a CAGR of 4.3% in during forecast period.

Asia Pacific Cement Market Growth Factors

Growing Infrastructure Spending Is Driving Market Growth 

Infrastructure projects remain the strongest driver of cement demand across Asia Pacific. Large-scale investments in transport, industrial zones, and energy networks underpin non-residential cement use, which surpasses residential consumption. 

• According to the Asian Development Bank, the region requires nearly USD 1.7 trillion annually in infrastructure investments until 2030 to meet development goals. This creates stable, recurring demand for cement across diverse projects. 

Hence, expanding highways, ports, and industrial corridors, alongside housing schemes, ensure rising cement consumption and create long-term opportunities for market players, strengthening market growth prospects. 

Asia Pacific Cement Market Restraints

Environmental Concerns are Restraining Market Expansion

High carbon emissions from cement production remain a challenge for Asia Pacific markets, which account for the bulk of global CO₂ emissions in this sector. 

• According to the International Energy Agency (IEA), cement production contributes nearly 7% of global CO₂ emissions, with Asia Pacific as the primary source. 
• Governments are introducing strict environmental regulations and promoting low-carbon construction materials. While this creates compliance costs for producers, it is also accelerating the shift toward blended cement. Hence, environmental restrictions restrain traditional output but also encourage innovation, pushing the industry toward sustainable market growth.

Asia Pacific Cement Market Segmentation Analysis

By Type

Based on type, the market is divided into portland, blended, and others.

Blended cement has become the fastest-growing and leading segment in Asia Pacific, surpassing traditional Portland cement in many regions. Its advantages include lower production costs, reduced clinker use, and compliance with carbon regulations. 

• According to the Cement Sustainability Initiative, blended cement adoption in Asia Pacific has grown significantly as countries push for sustainable building. 
• While Portland cement remains in use for specific applications, the rapid adoption of blended types highlights a structural shift. 

Hence, the dominance of blended cement is expected to continue, reflecting both regulatory pressure and cost competitiveness. 

By Application

Based on application, the market is classified into residential and non-residential. 

Non-residential applications dominate market in Asia Pacific due to large-scale public and private projects. Highways, industrial corridors, ports, commercial complexes, and energy facilities account for the bulk of cement consumption, far surpassing residential use. According to the Asian Infrastructure Investment Bank (AIIB), infrastructure investments in Asia Pacific are rising rapidly, with governments prioritizing non-residential projects for economic growth. While residential construction contributes consistently, it lags behind in volume compared to institutional and industrial projects. Hence, the non-residential segment remains the key driver of Asia Pacific cement market growth.

By Country 

Based on country, the market is segmented into China, India, Japan, South Korea, Southeast Asia, Australia, and Rest of Asia Pacific.

China

China’s market is anchored by large-scale public works and industrial construction, with non-residential projects leading demand. According to the National Bureau of Statistics of China, the country remains the world’s largest producer and consumer of cement, while the Ministry of Transport reported new expressway mileage in 2023. Hence, government-backed investment and blended cement adoption are sustaining market growth. 

India

India’s market is driven by highways, metro systems, and industrial corridors, with non-residential projects dominating. According to the Ministry of Road Transport and Highways, over 12,300 km of national highways were built in FY 2023–24. Hence, sustained infrastructure investment and blended cement adoption are boosting market growth. 

Japan

Japan’s market is stable, with demand led by public works and coastal resilience projects. According to the Japan Cement Association, shipments largely serve civil engineering, while the government’s Green Growth Strategy promotes low-carbon materials.

South Korea

South Korea’s market is influenced by industrial construction and logistics hubs. According to the Korea Cement Association, producers are increasing alternative fuels and resource recycling to meet emission targets.

Southeast Asia

Southeast Asia’s market benefits from rapid urbanization, ports, and power projects. According to the Asian Development Bank, the region requires trillions in infrastructure investments through 2030.

Key Industry Players

Leading players such as Anhui Conch Cement and CNBM in China dominate through capacity expansion and carbon-reduction projects. In India, UltraTech, ACC, and Shree Cement are boosting renewable energy use and efficiency upgrades. Japan’s Taiheiyo Cement and Sumitomo Osaka Cement emphasize innovation in low-clinker products, while Hanil Cement in South Korea focuses on recycling. In Southeast Asia, SCG, Semen Indonesia, and YTL Cement are strengthening exports and green portfolios, supporting market growth.

LIST OF KEY ASIA PACIFIC CEMENT COMPANIES PROFILED:

• Anhui Conch Cement (China)
• China National Building Material (China)
• UltraTech Cement (India)
• ACC Limited (India)
• Shree Cement (India)
• Taiheiyo Cement (Japan)
• Sumitomo Osaka Cement (Japan)
• Hanil Cement (South Korea)
• Siam Cement Group (Thailand)
• Semen Indonesia (Indonesia)

KEY INDUSTRY DEVELOPMENTS

• June 2024: UltraTech Cement, expanded production capacity by 21.9 MTPA across multiple states to meet rising infrastructure demand. This addition strengthens its leadership in India and improves cement supply reliability for roads, housing, and industrial projects. 
• May 2024: Anhui Conch Cement, announced investments in carbon capture and utilization technologies to lower its carbon footprint. The initiative aligns with China’s net-zero targets and reinforces Conch’s position as a pioneer in sustainable cement production. 
• October 2023: Taiheiyo Cement, launched new low-carbon blended cement under Japan’s Green Growth Strategy. This move helps reduce clinker use, lowers emissions, and responds to growing demand for green building materials. 
• September 2023: Hanil Cement, increased the share of waste-derived fuels across its cement plants, cutting dependence on fossil fuels. This strategy supports South Korea’s national emission reduction goals while improving cost efficiency. 
• July 2023: Siam Cement Group, expanded its green cement product line and pledged carbon neutrality by 2050. These steps enhance SCG’s export competitiveness and meet sustainability expectations in domestic and global markets.

REPORT COVERAGE

The Asia Pacific cement market research report provides a detailed analysis of the market. It focuses on market dynamics and key industry developments, such as mergers and acquisitions. Additionally, it includes information about the growth in pet population, increase in product penetration, and growth in product premium. Besides this, the report also offers insights into the latest industry trends and the impact of various factors on the product demand.

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