Cement Manufacturing in Canada - Industry Market Research Report

Cement Manufacturing in Canada

Canadian cement manufacturers produce a variety of cement products used for making concrete, mortar and stucco. Cement products are used in a range of construction projects. That's why industry performance is linked to the level of activity in residential and nonresidential construction markets domestically and in the United States, the industry's largest trading partner. Infrastructure construction, which relies heavily on concrete, also generates demand for cement products. Over the five years to 2023, industry revenue has expanded as recovering domestic construction markets raise demand for cement products. The broader economic expansion following the COVID-19 downturn has pushed up production volumes and prices for Canadian cement manufacturers. Nonetheless, industry revenue is forecast to inch down at a CAGR of 2.0% to $2.4 billion over the five years to 2023, including a 6.3% projected dip in 2023 downstream demand growth cools.

The Cement Manufacturing industry in Canada manufactures Portland cement, other hydraulic cements, cement clinker and specialty cements. Construction markets demand cement and is also used as an ingredient into concrete, mortar and stucco manufacturing. Upstream quarrying operations and downstream concrete mixing operations are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."