Mexico Cement Market Report and Forecast 2025-2034

The Mexico cement market size reached around 46.90 MMT in 2024. The market is projected to grow at a CAGR of 1.10% between 2025 and 2034, reaching almost 52.32 MMT by 2034.

Cement exports constitute an important portion of Mexico’s trade with foreign nations. In 2022, Mexico earned $272 million in foreign exchange reserves by exporting cement to the USA ($254 million), Belize ($3.13 million), Guatemala ($5.77 million),  Brazil ($1.57 million), and Nicaragua ($2.78 million).

The expansion of the construction industry in Mexico is also expected to impact thecement marketfavourably. The development of industrial parks due to increasing nearshoring of business operations by American firms is expected to drive the demand for strong buildings, resulting in substantial Mexico cement market growth.

In the forecast period, the rising residential construction, the introduction of government initiatives aimed at promoting infrastructural development, and rapid economic growth are expected to positively impact the Mexico market for cement.

Increasing innovations by key players are driving the Mexico cement market growth. With the growing focus on enhancing the sustainability of the construction sector, rapid urbanisation, and innovations in the construction sector, key players are attempting to develop cement with reduced carbon emissions. In February 2024, Holcim Mexico announced an investment of USD 55 million at a grinding facility at its cement plant in Macuspana, Tabasco. It is Mexico’s first plant to manufacture cement with calcinated clay, significantly lowering carbon emissions.

Market Segmentation
Mexico Cement Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

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 key Mexico cement market players are:

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 Show more