Portland Cement Market By Type (Gray Portland, White Portland), By End-use (Residential, Non-residential, Infrastructure), and Geography

Portland Cement Market size was valued at USD XX Billion in 2022 and is poised to grow at a significant CAGR of XX% over 2023-2029. Portland cement is the most frequently used synthetic adhesive in the world, serving as a basic element in concrete, mortar, stucco, and non-specialty grout. There are many cement varieties developed to suit different weather conditions. some cement types are chemically resistant, while others are water and moisture-resistant. some types are purposefully developed to be stronger and harder. The most common form of cement is OPC or Ordinary Portland Cement. OPC has important characteristics such as cost efficiency, accessibility, simplicity of handling, and low heat of hydration, which are predicted to boost market revenue growth. It is frequently made of limestone. Since the solidified material dehydrates at such high temperatures, Portland cement concrete cannot withstand exposure to 1,500°F without suffering significant strength loss and fracture.

The process of producing portland cement is split into four stages:
(1) breaking and crushing the raw materials,
(2) integrating the components in the right proportions,
(3) kiln-burning the resulting mix, and
(4) grinding the burnt result, known as "clinker," together with around 5% gypsum.

The market's revenue growth is being driven primarily by the rising infrastructure and construction industries, notably in emerging markets such as India, China, Indonesia, and Sri Lanka. Additionally, increased demand for goods such as concrete, mortar, plaster, and putty, which employ Portland cement as a significant component, is driving revenue growth of the market. These materials are used to make plasters, screeds, building constructions, and roadways. Concrete is an important component of the construction industry, and the growing demand for various structural elements such as beams, panels, roadways, and interiors is likely to fuel market revenue development. Additionally, growing infrastructure demand, because of the increased development of roads, bridges, and other heavy-duty infrastructures, is predicted to contribute considerably to market revenue growth. Moreover, growing urbanization, as well as significant government investment in infrastructure, are likely to boost market revenue growth.

Portland Cement Market Key Developments:
In June 2022, UltraTech Cement, the flagship company of the Aditya Birla Group, has announced a USD 1.6 billion investment for a 22.6 Metric Ton capacity in June 2022. This investment will increase the Manufacturer's capacity to 159.25 Metric tonnes, positioning it as the world's third-largest cement manufacturer.