Masonry Cement Market Analysis

Masonry Cement Market Analysis

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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.