Cement industry worldwide – additional information
The global cement production is expected to grow from about 1.1 billion U.S. dollars in 1990 to more than 4.8 billion U.S. dollars in 2030. China produces the most cement, estimated to be about 2.41 million metric tons in 2016, and is considered to be the largest producer by a large margin. However, over the past years, some European countries have doubled or even tripled their cement consumption, so China’s lead in rankings are likely to change in the coming years as China faces increased competition from Europe. The demand for cement in Europe amounted to 261 million metric tons in 2014.
The global cement market in 2016 grew over the years, with a market size of about 237.15 billion U.S. dollars. Leading cement manufacturers that year, in terms of revenue, were CRH, LafargeHolcim and HeidelbergCement AG. The Swiss manufacturer of building materials, LafargeHolcim, was the second ranked cement manufacturer worldwide in 2015, generating around 22 billion euros in revenue that year. It was formed in 2015, when the two cement companies, Holcim and Lafarge merged to form the new company. LafargeHolcim operates in 90 countries and primarily focuses on cement, aggregates and concrete.
Cement manufacturers in the United States have steadily increased their revenue over the past years. In 2014, the revenue of cement manufacturers in the country reached approximately seven billion U.S. dollars.