North America Cement Market Report and Forecast 2025-2034

The North America cement market reached around 121.33 MMT in 2024. The market is projected to grow at a CAGR of 2.10% between 2025 and 2034 to reach nearly 149.36 MMT by 2034.

North America Cement Market Growth

The United States is the fourth largest cement producer globally. It manufactured 95 MMT of cement in 2022, which represented 2% of the global production (4.1 billion MT). In 2022, it consumed nearly 120 MMT of cement across a wide range of sectors. As per the Portland Cement Association (PCA), cement consumption is expected to grow by 1.4% in 2024 in the USA. The shipments of non-metallic mineral products in the USA grew by 1.8% year-to-date in the USA in September 2023. This indicates substantial demand for cement in the country.

Under the Advanced Industrial Facilities Deployment Program, the US Department of Energy aims to provide financial assistance of up to USD 5.8 billion to various industries to upgrade and retrofit their existing operations. This facility has been provided under the Inflation Reduction Act and is expected to benefit the domestic market for cement in the United States immensely.

Cement production is responsible for nearly 7% of the global GHG emissions. By increasing the proportion of SCMs (supplementary cementitious materials) in cement manufacturing and boosting the utilisation of relatively less carbon-intensive binding materials, the Canadian cement industry is expected to reduce GHG emissions substantially. Blended cements are expected to play a critical role in decarbonising the market by minimising the clinker-to-cement ratio, which is over 70% in most countries worldwide, including the United States, thereby driving the market growth.

North America Cement Industry Segmentation

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

Market Breakup by Type:

Blended
Portland
Others

Market Breakup by End Use:

Residential
Commercial/Institutional/Industrial
Infrastructural

Market Breakup by Country:

United States
Canada

North America Cement Market Share

Based on region, the market is segmented into the United States and Canada. Canada is projected to dominate the market, representing 12.4% of the overall market share. Over the forecast period of 2025-2034, Canada is expected to grow at a CAGR of 2.7% due to the anticipated growth of construction activities in the region.

Leading Companies in the North America Cement Market

In 2021, the US government announced plans to develop new infrastructure worth USD 1 trillion. This is expected to substantially raise the demand for concrete and cement, thereby driving the market expansion.
Holcim Ltd.
CEMEX, Inc.
CRH plc
Heidelberg Materials US, Inc.
Buzzi S.p.A.
Argos USA LLC
Titan America LLC
Eagle Materials Inc.
CalPortland Company
Martin Marietta Materials
Others Show more