Cement Industry Outlook 2024: Market Data & Innovation Insights

In this report, you will explore the various factors affecting change in the cement industry. With pressing need for decarbonization and less resource-intensive processes, you will explore key market data as well as the main areas of innovation and their implications for construction companies worldwide.

The 2024 Cement Industry Report provides an analysis of the sector’s current landscape, showcasing key trends, tech advancements, and market dynamics. This report examines emerging companies, startups, and innovations driving the industry forward. Focusing on sustainability, efficiency, and resilience, the report explores the impacts of economic shifts, regulatory changes, and consumer preferences.

This cement industry report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.

StartUs Insights Cement Industry Outlook 2024

Cement Industry Outlook | StartUs Insights

Executive Summary: Cement Industry Outlook 2024

This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 3100+ cement industry startups developing innovative solutions to present five examples from emerging industry trends.

  • Industry Growth Overview: The cement industry has experienced a robust growth rate of 7.72% in the last year, demonstrating resilience and capacity for expansion.
  • Manpower & Employment Growth: The sector employs 2.4 million people globally, with an impressive addition of 92000 new employees in the past year.
  • Patents & Grants: The industry has over 16000 patents and over 600 grants supporting research and development, highlighting strong innovation activity.
  • Global Footprint: Key country hubs include the USA, India, the UK, China, and Australia, while prominent city hubs are Mumbai, Ahmedabad, New Delhi, Dubai, and Chennai.
  • Investment Landscape: Investment in the cement industry has been substantial, with an average investment value of USD 101 million per funding round, attracting over 800 investors.
  • Top Investors: Top investors include IFC Venture Capital (USD 590 million), Citi (USD 405 million), Vicat (USD 356 million), Saint Gobain (USD 51 million), and more.
  • Startup Ecosystem: Five innovative startup features: Carbon Limit (Carbon Capture), Cemvision (Ultra-low carbon cement), Aspiring Materials (Sustainable cement production), RECYCL8 (Waste-to-concrete), and Sublime Systems (Net-zero cement) showcase the sector’s global reach and entrepreneurial spirit.
  • Recommendations for Stakeholders: Investors should focus on funding startups and projects that emphasize carbon reduction and advanced materials. Entrepreneurs should leverage emerging trends, such as carbon-neutral cement and carbon capture technologies to create new solutions. Governments must support the industry through favorable policies, grants, and incentives that promote sustainable practices and innovation.

Explore the Data-driven Cement Industry Report for 2024

The Cement Industry Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The cement industry has experienced notable growth and innovation, as evidenced by key data points highlighted in this heatmap. Our database includes 3150 startups and over 16600 companies globally, reflecting a dynamic and expansive sector. The industry saw a robust growth rate of 7.72% in the last year, underscoring its resilience and capacity for expansion.

Innovation within the cement industry is strong, with over 16000 patents and more than 600 grants supporting research and development. The sector employs 2.4 million people worldwide, with an impressive addition of 92000 new employees in the past year.

Key country hubs driving the industry’s growth include the USA, India, the UK, China, and Australia, while prominent city hubs are Mumbai, Ahmedabad, New Delhi, Dubai, and Chennai. The heatmap above visualizes the global distribution of over 3100 cement industry companies as well as other data points highlighting significant industry activity and innovation. It provides stakeholders with an understanding of market potential within the cement industry, enabling strategic decision-making and investment planning.

What data is used to create this cement industry report?

Based on the data provided by our Discovery Platform, we observe that the cement industry industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.

  • News Coverage & Publications: The industry has received significant news coverage and publications, with over 200 publications in the last year.
  • Funding Rounds: Our database records over 27000 funding rounds, showcasing robust investment activity.
  • Manpower: The cement industry employs over 2.4 million workers, adding more than 92000 new employees in the last year alone.
  • Patents: With more than 16000 patents, the industry demonstrates strong innovation and intellectual property growth.
  • Grants: The industry has secured over 600 grants, highlighting substantial research and development funding.
  • Yearly Global Search Growth: Yearly global search growth for the industry stands at 117%, indicating increasing interest and visibility.
  • and more. Book a demo to explore all data points used to create this cement industry report.

A Snapshot of the Global Cement Industry Industry

The cement industry has shown substantial growth and investment activity, reflected by key metrics from the past year. The sector experienced significant employee growth, adding 92000 new employees, contributing to over 16600 companies globally. This expansion highlights the industry’s resilience and capacity to generate employment opportunities.

Explore the Funding Landscape of the Cement Industry

Investment in the cement industry has been robust, with an average investment value of USD 101 million per funding round. The industry has attracted over 800 investors, indicating strong confidence in its potential and innovation. More than 1390 funding rounds are closed, showcasing a high level of investment activity and interest.

Further, over 630 companies have received investments, demonstrating a broad distribution of funding across various enterprises within the sector. This investment supports the industry’s growth, development, and ongoing innovation, positioning it as a dynamic and evolving field within the global economy.

Who is Investing in the Cement Industry?

The cement industry has attracted substantial investments, with top investors contributing more than USD 3 billion combined. This significant financial support highlights the industry’s potential and ongoing innovation.

  • IFC Venture Capital has invested USD 590 million in 4 companies.
  • Citi has invested USD 405 million in 2 companies, reflecting its confidence in high-potential ventures within the cement sector.
  • Vicat has invested USD 356 million in 4 companies, indicating its commitment to fostering industry development.
  • Saint Gobain has invested USD 51 million in 8 companies, showcasing its strategic focus on driving innovation and sustainability.
  • Tiger Global Management has invested USD 309 million in 2 companies.
  • and more. Book a demo to explore all investors and the companies they back.

Their investments help fuel technological advancements, sustainability initiatives, and market expansion, contributing to the overall dynamism and resilience of the cement sector.

Self-cleaning Coatings represent a growing segment within the cement industry, with 36 companies and over 1000 employees. These coatings reduce maintenance costs and enhance durability by preventing dirt accumulation. The sector has seen significant growth, adding 200 new employees in the past year. With an annual growth rate of 10.83%, self-cleaning coatings are increasingly popular for their innovative technology and practical applications.

Carbon-neutral Cement is a critical innovation aimed at reducing the environmental impact of cement production. This segment includes 12 companies employing over 350 individuals. Despite adding 70 new employees last year, the sector faces challenges with an annual growth rate of -39.40%. The negative growth rate indicates hurdles in adoption and scaling. However, the focus on sustainability and regulatory pressures continues to drive interest and investment.

Carbon Capture Technology is a major focus in the cement industry, involving over 2,140 companies with 264000 employees. This segment has shown robust growth, adding 20000 new employees in the past year. The annual growth rate stands at 17.04%, reflecting increasing adoption and technological advancements. Carbon capture solutions aim to reduce greenhouse gas emissions from cement production, aligning with global sustainability targets.

Book a demo to explore all cement industry trends,

5 Top Examples from 3100+ Innovative Cement Industry Startups

The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a platform demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.

Carbon Limit enables Carbon Capture for Cement Companies

US-based startup Carbon Limit develops innovative carbon capture technology for the cement industry, focusing on reducing carbon emissions and promoting sustainability. Its Carbon Capture Concrete platform integrates advanced materials that absorb CO2 during the curing process, enhancing environmental benefits. This technology not only reduces the carbon footprint of cement production but also improves the durability and strength of the concrete. Carbon Limit’s products include Eco Concrete, which utilizes recycled materials to reduce environmental impact.

Cemvision produces Ultra-low Carbon Cement

Swedish startup Cemvision develops innovative cement technology focused on sustainability and efficiency. Its platform utilizes a low-carbon process that reduces CO2 emissions by up to 80%. This technology integrates alternative raw materials and advanced manufacturing techniques to achieve superior performance and environmental benefits. Cemvision’s cement products offer enhanced durability and strength while significantly lowering carbon footprints.

Aspiring Materials develops Sustainable Cement Production Solutions

Aspiring Materials is a New Zealand-based startup that develops innovative technologies for sustainable cement production. Their flagship product, AspiringCem, uses advanced chemistry to reduce carbon emissions during the cement manufacturing process. AspiringCem integrates seamlessly into existing production lines, enhancing efficiency and sustainability without significant capital investment. The company’s technology reduces the clinker factor, lowering energy consumption and CO2 emissions.

RECYCL8 builds Waste-to-Concrete Technology

RECYCL8 is a UK-based startup specializing in developing advanced robotic and AI technologies for the construction industry. Their innovative platform, R8, enhances efficiency and precision in construction projects through automation. The R8 system integrates AI-driven robotics to optimize material handling and placement, reducing waste and improving productivity. R8IBA’s technology ensures high-quality construction outcomes while minimizing human error. The company’s platform supports real-time data analysis for better decision-making and project management.

Sublime offers Net-zero Cement through Electrochemical Processes

US-based startup Sublime Systems develops sustainable cement technology to reduce carbon emissions in the construction industry. Their innovative platform uses an electrochemical process to produce cement without traditional high-temperature kilns. This method significantly lowers CO2 emissions compared to conventional cement production. Sublime Systems’ technology also utilizes abundant and low-cost feedstocks, enhancing resource efficiency. The process integrates renewable energy sources, further reducing the environmental impact.

Looking for Comprehensive Insights into Cement Industry Trends, Startups, or Technologies?

The 2024 Cement Industry Report underscores the sector’s critical role in shaping sustainable construction practices and infrastructure development. Emerging trends like self-cleaning coatings, carbon-neutral cement, and carbon capture technologies showcase the industry’s commitment to innovation and environmental responsibility. Book a platform demo to explore all 3100+ startups and scaleups, as well as all industry trends impacting construction companies worldwide.

 

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