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According to the report by Expert Market Research (EMR), the Mexico cement market size reached a volume of 46.9 MMT in 2023. Aided by the increasing demand for infrastructure development and the growing applications of cement in various construction projects, the market is projected to further grow at a CAGR of 1.1% between 2024 and 2032 to reach a volume of USD 51.8 MMT by 2032.

Cement is a crucial construction material, widely used as a binder in concrete, mortar, and other construction applications. Its essential role in infrastructure projects such as roads, bridges, buildings, and various civil engineering works is a major driver of the Mexico cement market.

The rising urbanisation and population growth in Mexico are primary drivers of the Mexico cement market growth. With an increasing need for housing and commercial spaces, construction activities have surged, leading to a higher demand for cement. Additionally, government initiatives focused on developing and modernising infrastructure, including transportation networks, healthcare facilities, and educational institutions, further contribute to the market’s expansion.

The expanding applications of cement in various construction projects also propel market growth. Cement is indispensable in residential, commercial, and industrial construction, providing strength and durability to structures. The growing demand for sustainable and energy-efficient buildings is driving the use of advanced cement products, such as blended cement and low-carbon cement, in construction projects.

Moreover, the increasing focus on sustainability and environmentally friendly construction practices is boosting the demand for green cement. Manufacturers are adopting sustainable production processes and incorporating alternative raw materials, such as fly ash and slag, to reduce the carbon footprint of cement production. The growing awareness of environmental issues and the push towards sustainable construction practices are expected to drive the demand for green cement in the coming years, leading to Mexico cement market development.

The demand for infrastructure development in Mexico is increasing rapidly, driven by government initiatives and investments in various infrastructure projects. The construction of roads, bridges, airports, and public facilities is driving the demand for cement. The government’s focus on improving the country’s infrastructure to support economic growth is expected to boost the cement market.

The residential construction sector in Mexico is witnessing significant growth, driven by the increasing need for housing and urbanisation. Cement is a crucial material for building residential structures, providing strength and durability. The growing demand for affordable housing and the development of new residential projects are expected to drive the growth of the cement market in the residential sector, leading to Mexico cement market expansion.

Technological advancements in cement production are enhancing the efficiency and sustainability of cement manufacturing processes. Innovations such as advanced kiln technologies, carbon capture and storage (CCS), and the use of alternative fuels and raw materials are making cement production more efficient and environmentally friendly. These advancements are expected to drive the growth of the cement market in Mexico.

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The commercial and industrial construction sectors in Mexico are expanding, driven by the increasing demand for commercial spaces, industrial facilities, and logistics hubs. Cement is a crucial material for constructing commercial and industrial buildings, providing strength and stability. The growth of these sectors is expected to drive the demand for cement in Mexico.

As per the Mexico cement market analysis, CEMEX is a global leader in the cement sector, offering a wide range of cement products for various applications. The company’s focus on innovation and sustainability has helped it establish a strong presence in the Mexico cement market. GCC is a prominent player in the cement market, known for its high-quality cement products. The company’s commitment to sustainability and customer service has helped it gain a significant market share in Mexico.

Market Segmentation  

The market can be divided based on the product, end use, and region

Market Breakup by Product

• Blended
• Portland
• Others

Market Breakup by End Use

• Residential
• Non-residential

Market Breakup by Region

• Baja California
• Northern Mexico
• The Bajío
• Central Mexico
• Pacific Coast
• Yucatan Peninsula

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Mexico cement machine market. Some of the major players explored in the report by Expert Market Research are as follows:

• Cemex, S.A.B. de C.V.
• Moctezuma Corporation
• GCC, S.A.B. de C.V.
• Buzzi S.p.A.
• Holcim Ltd.
• FORTALEZA MATERIALES, SAB DE CV
• Cooperativa La Cruz Azul
• Others

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