The global cement market is projected to experience robust growth, with estimates indicating an increase from **4.39 billion tons in 2024** to **5.96 billion tons by 2030**, reflecting a compound annual growth rate (CAGR) of **5.24%** during this period.
Major players in the industry, including Cemex, are expected to drive this expansion, particularly in the Asia-Pacific region, which remains the largest market due to high demand for construction and infrastructure projects. The report highlights the growing importance of blended cement and the residential sector as key contributors to market dynamics through 2030.
Citations:
[1] https://www.mordorintelligence.com/industry-reports/cement-market
[2] https://www.worldcementassociation.org/blog/news/global-cement-industry-outlook-trends-and-forecasts
[3] https://www.fortunebusinessinsights.com/press-release/cement-market-9466
[4] https://virtuemarketresearch.com/report/cement-market
[5] https://www.globalcement.com/news/item/15909-global-cement-market-forecast-to-grow-by-5-3-annually-up-to-2030
[6] https://www.financialexpress.com/world-news/iran-israel-war-threatens-global-shipping-routes-whats-next-for-indian-trade/3628495/
[7] https://www.newindianexpress.com/nation/2024/Sep/07/west-asia-conflict-hits-trade-flow-shipping-cost-up-eam
[8] https://www.newindianexpress.com/nation/2024/Sep/06/west-asia-conflict-disrupts-shipping-routes-raises-costs-eam-s-jaishankar