Blended Cement Market Expected to Reach $462.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Blended Cement Market," The Blended Cement Market Size was valued at $301.2 billion in 2021, and is estimated to reach $462.1 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.

Blended cement can be defined as uniform mixtures of ordinary Portland cement (OPC) and blended materials such as silica fume, fly ash, limestone, Portland Pozzolana cement, and slag to enhance their properties in a variety of applications. blended cement can improve the workability, strength, durability, and chemical resistance of concrete. It offers various advantages such as improved workability, reduced water consumption, and lower drying shrinkage and creep. It achieves a higher compressive strength in 28 days compared to ordinary Portland cement.  

There are various advantages of using blended cement such as technical and environmental advantages. In technical advantages, it reduces water demand and therefore water-cement ratio can be reduced, improving workability for the same water content. The blended cement is finer as compared to OPC, therefore the permeability of concrete is less. This results in improved durability. In environmental advantages, blended cement helps in energy saving, conservation of natural resources, and control of pollution. In addition, the Government of India is strongly focused on infrastructure development to boost economic growth and is aiming for 100 smart cities. The Government also intends to expand the capacity of railways and the facilities for handling and storage to ease the transportation of cement and reduce transportation costs. These measures would lead to increased construction activity, thereby boosting the blended cement market growth.

The increase in population and rise in household income are expected to further drive the growth of the construction of commercial buildings; thereby providing lucrative growth opportunities for the growth of the blended cement market. Moreover, expanding construction projects and infrastructure developments accelerate opportunities for the blended cement market. For instance, the Belt Road Initiative by China is one of the most striving infrastructural projects in current times and is expected to consume a huge amount of blended cement for its construction. In addition, there has been a rise in demand for superior quality cement as it offers greater durability and strength, thereby augmenting the growth of the blended cement market.   

In 2021, Asia-Pacific held the highest blended cement market share and is anticipated to secure the leading position during the forecast period. Asia-Pacific includes majority of developing countries, such as India, Vietnam, and Indonesia, which exhibit lucrative opportunities for the blended cement market. Moreover, growth in infrastructure development in emerging countries, such as India and China, is anticipated to cater to the growth of the blended cement market. For instance, China invested around $20 billion on a mega petrochemical project complex in Yantai, Shandong, China. 

Various manufacturers in the blended cement market such as Holcim, CRH PLC, Dalmia Cement Limited. and HeidelbergCement offers blended cement for building construction as well as infrastructure applications. For instance, In September 2021, Finnsementti, a CRH Company based in Finland has launched a new product named, Kolmossementti. This innovative product reduces carbon emission by 40% and this is achieved by reducing the clinker factor of the cement by using Ground Granulated Blast Furnace Slag (GGBFS). 

However, various manufacturers in the blended cement market had to stop their business in countries such as China, India, U.S., and countries in Europe, during the pandemic lockdown. This break directly impacted sales of blended cement manufacturing companies. In addition, the lack of manpower and raw materials constricted the supply of raw materials for blended cement; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly. 

KEY FINDINGS OF THE STUDY  

• The report provides an extensive analysis of the current and emerging global blended cement market trends and dynamics.   

• By type, the Portland Pozzolana cement has dominated the blended cement market, in terms of revenue in 2021 and composite cement is projected to grow at a significant CAGR during the forecast period. 

• By application, the cast-in-place construction segment has registered the highest revenue and the precast construction segment is anticipated to grow at a significant CAGR.

• By end user, the building construction segment has registered the highest revenue in 2021 and the infrastructure segment is expected to grow at a significant CAGR.

• By region, Asia-Pacific is projected to register the highest growth rate in the coming years.   

• The key players within the global blended cement market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the blended cement industry.  

• The blended cement market forecast analysis from 2022 to 2031 is included in the report.  

• In-depth global blended cement market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.