CompareMarketResearchRequest a sample
Home / Chemicals and Materials / Cement

Chemicals and Materials · Market report

Cement Market Size, Share and Forecast 2026-2036

The global cement market is worth USD 367 bn in 2026 and is forecast to reach USD 493 bn by 2036, growing at a 3.0% CAGR. China is the largest country market and Portland cement is the largest by type segment.

USD 367 bnMarket size 2026
USD 493 bnForecast 2036
3.0%CAGR 2026-2036
ChinaLargest country

Request a free sample Jump to the forecast

Report price: Starts from USD 1,999

5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global cement market is worth USD 367 bn in 2026 and is forecast to reach USD 493 bn by 2036, growing at a 3.0% CAGR. China is the largest country market and Portland cement is the largest by type segment.

ScopeHydraulic cement (Portland, blended and specialty) sold to concrete, mortar and construction users, valued at the mill and delivered price.
IndustryChemicals and Materials
Value 2025USD 360 bn
Value 2026USD 367 bn
Value 2036USD 493 bn
CAGR 2026-20363.0%
Volume 20264,141 million tonnes
Volume 20365,038 million tonnes
Average price 2026USD 88.7 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

Request a free sample of this report

Cement market size and forecast, 2026-2036

Exhibit 1The global cement market is forecast to grow from USD 367 bn in 2026 to USD 493 bn by 2036, a rise of 34%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 3.0%
Cement market value, 2025 to 2036Market value by year. 2025: USD 360 bn; 2026: USD 367 bn; 2027: USD 378 bn; 2028: USD 390 bn; 2029: USD 401 bn; 2030: USD 413 bn; 2031: USD 426 bn; 2032: USD 438 bn; 2033: USD 452 bn; 2034: USD 465 bn; 2035: USD 479 bn; 2036: USD 493 bn. Compound annual growth rate 2026 to 2036: 3.0%.2025367 bn2026426 bn2031493 bn20363.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 367 bn
2027USD 378 bn
2028USD 390 bn
2029USD 401 bn
2030USD 413 bn
2031USD 426 bn
2032USD 438 bn
2033USD 452 bn
2034USD 465 bn
2035USD 479 bn
2036USD 493 bn

Cement market segmentation

By type

Exhibit 2Portland cement is the largest segment by type, with 62.0% of 2026 revenueEstimated share of 2026 global revenue, by type
Cement market share by type, 2026Share of 2026 revenue by type. Portland cement: 62.0%; Blended cement: 32.0%; Specialty and white cement: 6.0%.Portland cement62.0%Blended cement32.0%Specialty and white cement6.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Portland cement62.0%58.3%USD 228 bn2.4%
Blended cement32.0%34.8%USD 118 bn3.9%
Specialty and white cement6.0%6.8%USD 22.0 bn4.4%

By end use

Exhibit 3Infrastructure adds the most revenue by end use, growing from USD 110 bn in 2026 to USD 161 bn by 2036Estimated revenue in USD by end use, 2026 and 2036 forecast
Cement market by end use, 2026 and 2036Revenue by end use in 2026 and 2036. Residential: USD 140 bn in 2026, USD 185 bn in 2036, change +32%; Infrastructure: USD 110 bn in 2026, USD 161 bn in 2036, change +46%; Commercial: USD 73.4 bn in 2026, USD 92.6 bn in 2036, change +26%; Industrial: USD 44.1 bn in 2026, USD 55.6 bn in 2036, change +26%.20262036 forecastChangeResidential+32%140 bn185 bnInfrastructure+46%110 bn161 bnCommercial+26%73.4 bn92.6 bnIndustrial+26%44.1 bn55.6 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Residential38.0%37.4%USD 140 bn2.8%
Commercial20.0%18.8%USD 73.4 bn2.4%
Infrastructure30.0%32.5%USD 110 bn3.8%
Industrial12.0%11.3%USD 44.1 bn2.4%

By strength class

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
32.5 grade24.0%18.0%USD 88.1 bn0.08%
42.5 grade47.0%46.0%USD 173 bn2.8%
52.5 grade and above29.0%36.0%USD 106 bn5.2%

By packaging

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Bulk48.0%51.0%USD 176 bn3.6%
Bagged46.0%42.0%USD 169 bn2.1%
Integrated with ready-mix6.0%7.0%USD 22.0 bn4.6%

By production process

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Dry process84.0%87.0%USD 308 bn3.4%
Semi-dry and wet process9.0%6.0%USD 33.0 bn-1.1%
Grinding-only7.0%7.0%USD 25.7 bn3.0%

Top 25 countries for cement by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 62.0% of 2026 revenue and the 25 countries below together hold 79.4%.

Exhibit 4China is the largest country market at USD 147 bn in 2026, and the three largest countries hold 51.5% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Cement market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 147 bn, 40.0%; India: USD 33.0 bn, 9.0%; United States: USD 9.2 bn, 2.5%; Vietnam: USD 6.6 bn, 1.8%; Indonesia: USD 6.2 bn, 1.7%; Turkey: USD 5.9 bn, 1.6%; Egypt: USD 5.5 bn, 1.5%; Brazil: USD 5.1 bn, 1.4%; Saudi Arabia: USD 4.8 bn, 1.3%; Iran: USD 4.4 bn, 1.2%.China147 bn 40.0%India33.0 bn 9.0%United States9.2 bn 2.5%Vietnam6.6 bn 1.8%Indonesia6.2 bn 1.7%Turkey5.9 bn 1.6%Egypt5.5 bn 1.5%Brazil5.1 bn 1.4%Saudi Arabia4.8 bn 1.3%Iran4.4 bn 1.2%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 147 bn40.0%USD 167 bn1.3%
2IndiaUSD 33.0 bn9.0%USD 64.2 bn6.9%
3United StatesUSD 9.2 bn2.5%USD 12.3 bn3.0%
4VietnamUSD 6.6 bn1.8%USD 9.4 bn3.6%
5IndonesiaUSD 6.2 bn1.7%USD 9.4 bn4.2%
6TurkeyUSD 5.9 bn1.6%USD 7.9 bn3.0%
7EgyptUSD 5.5 bn1.5%USD 8.4 bn4.3%
8BrazilUSD 5.1 bn1.4%USD 7.4 bn3.7%
9Saudi ArabiaUSD 4.8 bn1.3%USD 7.9 bn5.2%
10IranUSD 4.4 bn1.2%USD 5.9 bn3.0%
11PakistanUSD 4.3 bn1.2%USD 6.0 bn3.4%
12BangladeshUSD 4.3 bn1.2%USD 6.4 bn4.1%
13PhilippinesUSD 4.3 bn1.2%USD 6.4 bn4.1%
14JapanUSD 4.3 bn1.2%USD 5.2 bn2.0%
15South KoreaUSD 4.3 bn1.2%USD 5.2 bn2.0%
16RussiaUSD 4.3 bn1.2%USD 5.6 bn2.7%
17MexicoUSD 4.3 bn1.2%USD 5.6 bn2.7%
18ThailandUSD 4.3 bn1.2%USD 5.6 bn2.7%
19AlgeriaUSD 4.3 bn1.2%USD 6.0 bn3.4%
20IraqUSD 4.3 bn1.2%USD 6.4 bn4.1%
21GermanyUSD 4.3 bn1.2%USD 5.2 bn2.0%
22NigeriaUSD 4.3 bn1.2%USD 6.4 bn4.1%
23MoroccoUSD 4.3 bn1.2%USD 6.0 bn3.4%
24PolandUSD 4.3 bn1.2%USD 5.6 bn2.7%
25AustraliaUSD 4.3 bn1.2%USD 5.6 bn2.7%
Rest of worldUSD 75.6 bn20.6%USD 107 bn3.5%
Exhibit 5India and China account for 41% of the USD 126 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Cement market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 367 bn. India: +USD 31.1 bn; China: +USD 20.4 bn; United States: +USD 3.2 bn; Indonesia: +USD 3.1 bn; Saudi Arabia: +USD 3.1 bn; 20 other countries: +USD 34.4 bn; Rest of world: +USD 31.0 bn. Market value 2036: USD 493 bn.Market value 2026367 bnIndia+31.1 bnChina+20.4 bnUnited States+3.2 bnIndonesia+3.1 bnSaudi Arabia+3.1 bn20 other countries+34.4 bnRest of world+31.0 bnMarket value 2036493 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Anhui Conch Cement
  • Holcim
  • Heidelberg Materials
  • CNBM
  • Cemex
  • UltraTech Cement
  • China Resources Cement Holdings

Group 2: Regional and specialist players

  • Taiheiyo Cement
  • Votorantim Cimentos
  • Adani Cement
  • Buzzi
  • Eagle Materials
  • Vicat
  • Huaxin Cement
  • Shree Cement
  • Taiwan Cement
  • Jidong Development Group

Group 3: Emerging and niche players

  • Dangote Cement
  • Siam Cement Group
  • Cementos Argos
  • Dalmia Bharat
  • Cimsa
  • Cementos Pacasmayo

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the cement market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 3.0% is calculated from the resulting values.

The market is divided by type, by end use, by strength class, by packaging, by production process. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the cement market?

The global cement market is estimated at USD 360 bn in 2025 and USD 367 bn in 2026.

How fast will the cement market grow?

It is forecast to reach USD 493 bn by 2036, a compound annual growth rate of 3.0% from 2026, an increase of USD 126 bn.

Which country is the largest market for cement?

China is the largest market by revenue at USD 147 bn in 2026, 40.0% of the global total. The three largest countries together hold 51.5%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 6.9% a year from 2026 to 2036.

Which cement segment is largest?

In the by type split, Portland cement is the largest segment with 62.0% of 2026 revenue.

Who are the leading cement companies?

Global leaders include Anhui Conch Cement, Holcim, Heidelberg Materials, CNBM.

Need the full report?

Request a sample to see the structure, tables and country detail.

Request a free sample

Related markets in Chemicals and Materials

← Cement Density Reducers Cemented Carbide →

All Chemicals and Materials markets →

Request a sample