General Construction Products & Machinery

Cement: Market Size, Growth & Forecast to 2030

The Cement market is valued at about $489 billion (2026) and is projected to grow at a 3.4% CAGR through 2030. The largest cost driver is Energy and Kiln Fuel (35% of spend). Asia Pacific leads demand at 70%.

Market size
$489.0 bn (2026)
CAGR to 2030
+3.4%
Buyer power
Balanced
Tracked suppliers
150
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 3.4% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 118

Cost structure

Energy and Kiln Fuel
35%
Raw Material Limestone Feedstock
25%
Logistics and Inland Transportation
20%
Electricity and Plant Utilities
12%
Labor and Maintenance
8%

Regional demand split

Asia Pacific demand
70%
Europe demand
9%
North America demand
7%
Middle East & Africa demand
8%
Rest of world demand
6%

Key suppliers

China National Building Material (CNBM)Anhui Conch Cement CompanyHolcimUltraTech Cement
Read the full Cement report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/cement