Cement Market to Expand at a CAGR of 3.0% over 2025 to 2032; CNBM’s Sinoma Cement and China-Africa Development Fund Acquired 100% Equity in SOCIÉTÉ LES CIMENTS DE JBEL OUST to Reinforce Industry Standing

The global cement market size stood at USD 384.67 billion in 2024. The market value is slated to rise from USD 384.00 billion in 2025 to USD 471.74 billion by 2032 at a CAGR of 3.0% during 2025-2032. Fortune Business Insights™ presents this information in its report titled “Cement Market Size, Share & Industry Analysis By Type (Portland, Blended, and Others), By Application (Residential and Non-Residential), and Regional Forecast, 2025-2032”.

Over the coming years, the escalating development of public infrastructure and non-residential buildings is augmenting cement demand. The material, produced with the use of limestone, sand, clay, bauxite, and iron ore, acts as a binder between bricks and stones in the construction sector. A significant trend in the industry is the adoption of green cement for the construction of eco-friendly and sustainable buildings. The technology deploys a carbon-negative production technique that causes minimal pollution during unit operations.   

Holcim Broke Ground for its OLYMPUS Project to Annually Product 2 Million Tons of Near-zero Cement

In May 2025, Holcim held the groundbreaking ceremony for its state-of-the-art EUR 400 million (USD 465.9 million) OLYMPUS project aimed at the production of 2 million tons of near-zero cement every year from 2029. Selected for a grant from the EU Innovation Fund, the project will deploy innovation for the advancement of Europe’s Clean Industrial Deal. Cryocap™ FG and OxyCalciner are among the major technologies that would be deployed as a cost-efficient solution for carbon capture.

Escalation in Construction Projects to Spur Product Demand

The demand for residential spaces such as private bungalows and apartments has taken an upward trajectory with a rise in population across the globe. Various regions have also recorded a surging need for commercial establishments such as industries, airports, malls, office buildings, and roads. A subsequent rise in construction projects and the demand for precast products such as panels, blocks, and others is poised to propel cement market growth.

Nonetheless, an increase in government regulations associated with carbon emission reduction may create challenges in the expansion of the industry.

Sustainable and Eco-friendly Manufacturing Becomes the Pivot of Industry Players’ Production Processes

Prominent industry players are keen on the adoption of greener technologies and sustainable production processes amid the growing stringency of government regulations. In addition to deploying eco-friendly manufacturing methods, pivotal companies are emphasizing product innovation, use of alternative fuels, and digital transformation. Partnerships and expansion initiatives are among other strategies industry players are adopting to consolidate their cement market share.

Key Players Profiled in the Report

• CEMEX S.A.B. de C.V. (Mexico)
• HeidelbergCement (Germany)
• InterCement Participações S.A. (Brazil)
• Holcim Ltd. (Switzerland)
• CRH plc (Ireland)
• The Siam Cement Group (Thailand)
• Titan Cement Company S.A. (Greece)
• UltraTech Cement Limited (India)
• Votorantim Cimentos (Brazil)
• Buzzi Unicem S.p.A. (Italy)
• Mitsubishi Material Corporation (U.S.)
• Argos USA LLC (U.S.)
• China National Building Material Co., Ltd. (China)
• Taiheiyo Cement Corporation (Japan)
• Drake Cement LLC (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/cement-market-101825

Key Industry Development

• April 2025 – CNBM’s Sinoma Cement and the China-Africa Development Fund acquired 100% equity in SOCIÉTÉ LES CIMENTS DE JBEL OUST, Tunisia’s renowned cement producer. The move signifies CNBM’s first project aimed at merger and acquisition in North Africa.

Further Report Findings

• In 2024, the Asia Pacific market value stood at USD 255.82 billion and is poised to lead the global market over the analysis period. A rise in construction activities and urban infrastructure and the escalated demand from developing nations such as China, Southeast Asia, and India are poised to drive regional expansion.
• Europe has recorded an escalation in the renovation of potentially risky and old structures in the U.K., France, Germany, and Russia. The region also depicts a heightened emphasis on the incorporation of eco-friendly and sustainable building materials, which further pushes product consumption. On this note, the Europe market is slated to surge at a significant CAGR over 2025 to 2032.
• The market is expanding in North America owing to the mounting demand for public infrastructure and increasing government investments focused on the repair of potentially risky structures and bridges.

Table of Segmentation