Masonry Cement Market Size - By Type, By Application, By End Use, By Distribution Channel Analysis, Share, Growth Forecast, 2024 - 2032

Masonry Cement Market Size

The global masonry cement market was valued at USD 5.8 billion in 2023 and is estimated to grow at a CAGR of over 5.5% from 2024 to 2032. The market is experiencing strong demand driven by several key factors, primarily stemming from rapid urbanization and growth in construction activities worldwide.
 

Urbanization is one of the largest types of drivers, particularly in emerging economies where populations are shifting from rural to urban areas at an unprecedented pace. This migration leads to an increased need for both residential and commercial buildings, which, in turn, drives up the demand for construction materials like masonry cement. As cities expand, the demand for infrastructure projects such as roads, bridges, schools, hospitals, and utilities also grows, creating a consistent need for masonry cement.
 

This trend is particularly pronounced in regions like Asia-Pacific, where nations like India and China are undergoing massive urbanization, leading to a surge in construction activities. Furthermore, as cities modernize, there is a significant increase in the demand for high-quality, durable building materials, and masonry cement is favored due to its strength, cost-effectiveness, and versatility in both structural and decorative applications.
 

Masonry Cement Market Trends

Sustainability is one of the most significant trends driving the market. As environmental concerns grow, there is increasing demand for construction materials that have a lower carbon footprint. Companies are responding by developing masonry cements that incorporate recycled materials like fly ash, slag, or silica fume. These cements are not only more environmentally friendly but also help reduce the overall cost of construction. Additionally, innovations in "green" cements, such as low-carbon or carbon-neutral products, are gaining traction. Governments worldwide are also promoting sustainability through regulations and incentives for the use of eco-friendly materials, which is further fuelling this trend. The move toward energy-efficient and passive house designs, which prioritize insulation and durability, also boosts the demand for such sustainable masonry products.
 

The growing renovation and remodelling market, particularly in mature economies, is another key driver of masonry cement demand. In developed regions like North America and Europe, there is an ongoing trend toward the refurbishment of older properties, which often requires masonry cement for repairs, upgrades, and structural reinforcements. This demand is further intensified by the rising popularity of mixed-use developments and adaptive reuse projects, where existing structures are repurposed for new functions, often requiring extensive masonry work. Furthermore, large-scale infrastructure projects, such as public transportation systems, highways, and airports, are continually contributing to the growing demand for masonry cement.
 

These projects require a reliable, durable material for foundations, walls, and other structural elements, making masonry cement an essential component in modern infrastructure development. As governments invest heavily in infrastructure as part of their economic recovery plans, particularly post-pandemic, the need for masonry cement remains robust.
 

Masonry Cement Market Analysis

Based on type, the market can be segmented into type N, type S, type M and type 0. The type N segment accounted for revenue of around USD 2.3 billion in the year 2023 and is estimated to grow at a CAGR of around 5.7% from 2024 to 2032. Type N is typically used for building residential structures, including walls, chimneys, and fireplaces. Its versatility makes it a go-to option for most general masonry work, from mortar for bricklaying to repair work. As urbanization increases, especially in developing regions, the demand for affordable housing and residential construction grows. Type N’s use in standard masonry applications is a key driver of demand in these markets.
 

Based on the application, the masonry cement market is categorized as brick and block construction, stone masonry, plastering and others. The brick and block segment held around 61% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.7% during the forecast period.
 

As urban populations grow, there is a significant increase in the demand for residential, commercial, and industrial buildings. Brick and block construction is a key method for creating structures, as it is both cost-effective and durable. The surge in urban housing needs, especially in developing regions like Asia-Pacific, Africa, and Latin America, contributes to the demand for masonry cement in brick and block applications.
 

In terms of the country, the U.S. dominates with an overall market share of around 82% in the North America Masonry Cement market. Increasing urbanization, particularly in major cities across the U.S. and Canada, contributes to a growing demand for housing. The expansion of urban centers and suburban areas, coupled with the need for new homes and apartments, leads to an increase in construction activities, which in turn drives demand for masonry cement in brick and block construction.
 

Governments in the U.S. and Canada are investing in affordable housing projects to address housing shortages. Masonry cement, with its cost-effectiveness and durability, is often used in these projects to build strong, reliable structures. This supports the growing demand for masonry cement in residential construction.
 

Masonry Cement Market Share

In 2023, key companies like Holcim, Cemex, Heidelberg, CRH, Buzzi Unicem, Taiheiyo, UltraTech Cement and Anhui Conch held a combined market share of 15%-20%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
 

Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.
 

Masonry Cement Market Companies

Major players operating in the masonry cement industry are:

• Ambuja Cements
• Anhui Conch
• Birla
• Buzzi Unicem
• Cemex
• China National Cement Corporation
• CRH
• Dangote Cement
• Heidelberg
• Holcim
• J.K. Cement
• Siam Cement
• Sinoma
• Taiheiyo
• UltraTech Cement
   

Masonry Cement Industry News

• In April 2023, CEMEX Philippines (CHP) marked a significant achievement, realizing a 50% reduction in carbon dioxide emissions from its cement subsidiaries, APO Cement Corporation and Solid Cement Corporation. With an 18% reduction already accomplished, CEMEX Philippines aims for a target of under 430 kg of CO2 per ton of cement, translating to a bold 67% reduction goal by 2030.
   
• In December 2022, Siam Cement Group, a leader in the production of bricks, blocks, and autoclaved concrete panels, entered into a joint venture with Bigbloc Construction. Together, they plan to establish a facility in Kapadvanj, Kheda district, near Ahmedabad, Gujarat, dedicated to producing 3 lakh cubic meters of lightweight concrete panels and AAC blocks. The facility is set to commence commercial production in 2023.
   

This masonry cement market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Type

• Type N
• Type S
• Type M
• Type 0

Market, By Application

• Brick and block construction
• Stone masonry
• Plastering
• Others (paving, etc.)

Market, End-use

• Residential
• Commercial
• Industrial

Market, Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa