logo
Market to Grow by 5.4% Annually to Reach $832.2 Million in 2025 - Size & Forecast by Value and Volume Across 80+ Market Segments 2020-2029

Market to Grow by 5.4% Annually to Reach $832.2 Million in 2025 - Size & Forecast by Value and Volume Across 80+ Market Segments 2020-2029

National Post4 days ago
Article content
Article content
DUBLIN — The 'Canada Cement Industry Market Size & Forecast by Value and Volume Across 80+ Market Segments by Cement Products, Distribution Channel, Market Share, Import – Export, End Markets – Databook Q2 2025 Update' report has been added to ResearchAndMarkets.com's offering.
Article content
The cement market in Canada is expected to grow by 5.4% annually to reach US$832.2 million in 2025. The cement market in the country recorded strong growth during 2020-2024, achieving a CAGR of 6.7%. Growth momentum is expected to remain positive, with the market projected to expand at a CAGR of 5.0% during 2025-2029. By the end of 2029, the cement market is projected to expand from its 2024 value of US$789.9 million to approximately US$1.01 billion.
Article content
This report provides a data-rich, forward-looking analysis of cement industry, covering market size, pricing trends, production, consumption, and segment-level performance from 2020 to 2029. It examines cement demand across key residential, non-residential, and infrastructure sectors alongside granular segmentation by cement type, distribution channel, end-user profile, and city tier.
Article content
Canada's cement industry is at a strategic inflection point marked by decarbonization mandates, shifting demand sources, and a renewed federal infrastructure focus. While traditional residential demand is softening in urban cores, public transit, utilities, and institutional projects are sustaining baseline cement volumes. Firms are aligning operations with net-zero policy targets by adopting carbon capture technologies, increasing the use of supplementary cementitious materials, and enhancing digital efficiency. At the same time, challenges related to energy costs, import reliance, and regulatory compliance are reshaping the competitive landscape.
Article content
The industry's medium-term outlook depends on balancing supply chain resilience, innovation-led decarbonization, and regional market adaptability. Firms that respond to policy shifts with scalable sustainability models and targeted product strategies will shape the next phase of sectoral evolution. Canada's cement industry is entering a strategic realignment driven by climate policy, digital transformation, and shifting demand patterns. As the sector moves away from high-volume urban residential builds toward sustainability-focused public and industrial projects, companies must adapt their portfolios and processes accordingly.
Article content
The future will reward firms that invest early in carbon capture, SCM integration, and regional logistics optimization. Strong policy engagement, technological agility, and ESG-linked branding will be critical to securing procurement access and financing in the coming years. With careful balancing of operational cost controls, environmental responsibility, and infrastructure-linked opportunity, Canada's cement sector can redefine its role in a low-carbon economy while maintaining its foundational role in national development.
Public Infrastructure and Climate-Linked Construction Are Supporting Demand Stability
Article content
Federal and Provincial Infrastructure Plans Are Driving Institutional Cement Use: Canada's Investing in Canada Infrastructure Program (ICIP) continues to channel funding into transit, water systems, and public buildings, providing a consistent demand base. Cement volumes have increased in projects like Ontario Line (Toronto), the REM expansion (Montreal), and flood resilience works in British Columbia. CRH Canada and Lafarge have responded by prioritizing bulk cement supply to these zones through upgraded terminal logistics and dedicated batching services.
Sustainable Housing and Retrofit Programs Are Creating Niche Demand Growth: Green building programs under CMHC and regional net-zero building codes have accelerated demand for blended and specialty cement in retrofitting. Demand is growing for high-performance cement products in provinces like Quebec and British Columbia, where provincial energy codes are stricter. Holcim Canada has positioned its low-carbon cement portfolio to meet retrofit demand in urban multi-residential buildings.
Private Sector Construction Faces Mixed Momentum: Commercial construction in urban downtowns is stagnating due to office space oversupply, but warehousing and healthcare facilities are expanding. The rise of fulfillment centers and cold storage projects in Alberta and Ontario has driven demand for industrial-grade cement mixes.
Article content
Strategic Collaborations and Green Technologies Are Transforming Operations
Article content
Carbon Capture and Utilization (CCU) is Gaining Traction: In 2024, Heidelberg Materials North America advanced its Edmonton-based CCU project, aiming for the first full-scale carbon-neutral cement plant on the continent. The initiative integrates flue gas capture and mineralization, setting a precedent for sector-wide emissions reduction.
Cross-Sector Partnerships Are Facilitating Circular Economy Models: Lafarge Canada has expanded partnerships with local governments and energy providers for co-processing construction waste and biomass as kiln fuel. The company collaborated with the City of Richmond in 2023 to pilot biosolids co-processing, demonstrating municipal-industrial synergy.
Digital Process Control Systems Are Optimizing Energy and Yield: CRH and Holcim have implemented AI-based kiln monitoring systems and automated raw mix adjustments across major plants in Ontario and Alberta. These tools are enabling real-time emissions tracking and optimizing thermal energy use, directly supporting ESG compliance and operational savings.
Article content
Production is Being Impacted by Import Dependency, Energy Costs, and Regulatory Compliance
Article content
Clinker Import Reliance is Affecting Supply Chain Flexibility: Canada imports a significant portion of clinker from the U.S. and Europe, particularly in Atlantic provinces and Ontario, creating vulnerability to shipping disruptions. In 2024, port congestion and vessel shortages delayed multiple shipments to Halifax and Windsor terminals, affecting cement availability.
Electricity and Fuel Price Fluctuations Are Pressuring Margins: High industrial power costs in Quebec and British Columbia, especially during winter peaks, have increased kiln operating expenses. Several plants have shifted energy usage to off-peak hours and increased on-site renewable integration to reduce volatility exposure.
Environmental Regulation Compliance Requires Capital Allocation: New federal protocols on carbon reporting, air emissions, and quarry rehabilitation have added layers of operational complexity. In Ontario, delayed permit renewals for raw material quarries have slowed production expansion plans, particularly for smaller players.
Industry Outlook is Anchored in Green Public Procurement and Digitized Operations
Article content
Government Procurement Standards Will Shape Product Portfolio Strategy: The federal Buy Clean Canada initiative and provincial equivalents are prioritizing low-embodied carbon materials in public construction. Producers are tailoring low-carbon cement offerings to meet procurement specifications for schools, hospitals, and transit-related structures.
Modernization and Efficiency Will Drive Competitive Differentiation: Digitization of batching, transport tracking, and predictive maintenance is reducing waste and increasing turnaround reliability across distribution networks. Companies like Ash Grove Cement are upgrading plant automation in Manitoba to remain competitive with larger multinational players.
Blended Cement and SCM Adoption Will Accelerate: Increased use of fly ash, slag, and limestone filler is supporting decarbonization, especially in Western Canada where coal-fired power residues remain accessible. Holcim has announced new R&D investment into calcined clay blends, aiming to reduce clinker ratio by 30-40% in next-gen product lines.
Article content
Risks Are Emerging Across Logistics, Policy Uncertainty, and Input Material Availability
Article content
Global Logistics Disruptions Continue to Impact Import-Heavy Markets: The Port of Vancouver and St. Lawrence Seaway bottlenecks have periodically delayed raw material imports and outbound product deliveries. Weather-related delays, union actions, and fuel surcharges have added risk premiums to just-in-time supply models.
Policy Volatility and Permitting Complexity Create Planning Challenges: Delays in emissions credit frameworks and prolonged approval processes for environmental assessments have caused hesitancy in capital investment planning. Provincial variation in carbon policies adds complexity for firms operating across jurisdictions, requiring adaptive compliance strategies.
Material Quality and Quarry Access Pose Strategic Risks: Variability in local limestone quality and regulatory restrictions on new quarry development are creating long-term planning constraints. Some firms are exploring synthetic alternatives and waste-derived aggregates to hedge against future access and cost issues.
Article content
Scope
Article content
Canada Cement Industry Overview
Article content
Cement Production KPIs: Volume and Value
Cement Consumption KPIs: Volume and Value
Average Cement Price Trends: Tracked at overall and cement-type level
Article content
Canada Cement Market by Type of Cement
Article content
Portland Cement
Blended Cement
Specialty Cement
Green Cement
Article content
Blended Cement Market by Subtypes of Cement
Article content
Type IS(X) – Portland-Slag Cement
Type IP(X) – Portland-Pozzolan Cement
IL(X) – Portland-Limestone Cement
Type IT – Ternary Blended Cement
Article content
Specialty Cement Market by Subtypes of Cement
Article content
Rapid Hardening Cement
High Alumina Cement
White Cement
Sulfate-Resistant Cement
Other Niche Specialty Cements
Article content
Canada Cement Market by Key Sector
Article content
Residential Construction
Article content
Multi-Family Housing
Single-Family Housing
Article content
Non-Residential Construction
Article content
Commercial Buildings
Article content
Office Buildings
Retail Spaces
Hospitality Facilities
Restaurants
Sports Complexes
Other Commercial Properties
Article content
Industrial Buildings
Article content
Manufacturing Units
Chemical & Pharmaceutical Facilities
Metal and Material Processing Plants
Article content
Institutional Buildings
Article content
Healthcare Facilities
Educational Institutions
Other Institutional Structures
Article content
Infrastructure & Other Construction
Article content
Canada Cement Market by Distribution Channel
Article content
Direct Distribution (B2B Sales)
Indirect Distribution (Retailers, Dealers)
Article content
Canada Cement Market by End-User
Article content
Ready-Mix Concrete Producers
Concrete Product Manufacturers
Individual Consumers (Self-use)
Other Industrial/Commercial Users
Article content
Canada Cement Market by Location Tier
Article content
Tier-I Cities
Tier-II Cities
Tier-III Cities
Article content
Canada Cement Trade Dynamics
Article content
Key Export Destinations
Key Import Sources
Article content
Competitive Landscape: Canada Cement Market
Article content
Market Share Analysis of Key Players
Article content
For more information about this report visit https://www.researchandmarkets.com/r/8wlurq About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
Article content
Article content
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Can Eli Lilly Stock Withstand the Threat of President Trump's New Sweeping Tariffs?
Can Eli Lilly Stock Withstand the Threat of President Trump's New Sweeping Tariffs?

Globe and Mail

time21 minutes ago

  • Globe and Mail

Can Eli Lilly Stock Withstand the Threat of President Trump's New Sweeping Tariffs?

Key Points President Trump has threatened to levy tariffs of up to 200% on pharmaceutical imports. Lilly's margins could be negatively affected if the company absorbs the higher costs. However, any effect on Lilly should only be temporary. 10 stocks we like better than Eli Lilly › The active ingredients of roughly 80% of prescription drugs sold in the U.S. are made in other countries. President Trump wants that to change. Instead of a carrot-and-stick approach, the president plans to rely solely on a stick -- tariffs. Trump recently threatened to levy steep tariffs on all pharmaceutical imports to the United States. As you might expect, the pharmaceutical industry doesn't like the idea. But can a top pharma stock such as Eli Lilly (NYSE: LLY) withstand the threat of Trump's new sweeping tariffs? About the president's threatened pharmaceutical tariffs First of all, firm details about Trump's pharmaceutical tariffs have not been released yet. However, the president said that tariffs on pharmaceutical imports will come "very soon." We do know, though, that Trump wants steep tariff levels. He said during a Cabinet meeting earlier this month, "They're going to be tariffs at [a] very high rate, like 200%." Commerce Secretary Howard Lutnick provided further clarification in an interview with CNBC. He said that the details on pharmaceutical tariffs will be announced at the end of July. Lutnick noted that a Section 232 investigation related to pharmaceuticals and semiconductors will be completed at the end of this month. Once that investigation is finished, Trump will establish his tariff policies. Section 232 investigations are intended to assess the effect of imports on national security. Trump doesn't plan for pharmaceutical tariffs to take effect immediately, though. He said, "We'll give them [drugmakers] a certain period of time to get their act together." He suggested that pharmaceutical companies would have "about a year, year and a half" to move manufacturing to the U.S. to avoid the tariffs. How Lilly could be affected Lilly CEO Dave Ricks addressed the issue of tariffs head-on in his company's first-quarter earnings call on May 1, 2025. Ricks stated, "We support the U.S. government's goals to increase domestic investment. However, we don't believe tariffs are the right mechanism." He suggested tax incentives as a better way to promote U.S. manufacturing of prescription drugs. But Ricks acknowledged the possibility that pharmaceutical tariffs could be imposed. He predicted that they "would have a negative effect on Lilly and for our industry." Wall Street agrees with that view. Analysts at Barclays wrote to investors, "A 200% tariff would inflate production costs, compress profit margins, and risk supply chain disruptions, leading to drug shortages and higher prices for U.S. consumers." UBS analysts agreed, stating that tariffs could significantly hurt drugmakers' margins on products manufactured outside the U.S. Lilly has three options in light of the steep pharmaceutical tariffs Trump has threatened. The option the president hopes drugmakers take is to relocate manufacturing to the Unites States. Lilly is already planning to build up its U.S. operations so that it can supply all products sold in the U.S. entirely from U.S. manufacturing facilities. However, it's doubtful that the company will complete this effort within the 12 to 18 months Trump mentioned. UBS said in a note to investors that four to five years is more reasonable for relocating manufacturing operations. The second option for Lilly is to pass higher prices along to customers. The Pharmaceutical Research and Manufacturers of America (PhRMA) estimates that a pharmaceutical import tariff of only 25% would increase prices by as much as 12.9%. Lilly's third option is to absorb the higher costs. Pharmaceutical tariffs of up to 200% could hurt the company's margins considerably. Evaluating the threat Let's return to our original question: Can Eli Lilly withstand the threat of Trump's new sweeping tariffs? I think the answer is "yes," albeit with a major caveat. The devil is in the details. Lilly's ability to navigate high tariffs depends on exactly what the Trump administration plans to do. Ricks said in Lilly's Q1 earnings call that tariffs would "have a transient effect for Lilly, but probably not a long-term one." I suspect he's right. The company already manufactures many of the products it sells in the U.S. inside the country. Those products wouldn't be affected. As Ricks mentioned, Lilly is already boosting U.S. production, which will also help. Finally, don't discount legal challenges to the president's tariffs. An argument could be made that pharmaceutical products made in Ireland, the primary overseas source for Lilly, don't present a national security threat to the U.S., since Ireland is a staunch ally. Granted, Lilly could face a bumpy ride for a while. But I don't think the threat of tariffs undermines the long-term investment thesis for this top pharma stock. Should you invest $1,000 in Eli Lilly right now? Before you buy stock in Eli Lilly, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Eli Lilly wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025

Prediction: Alphabet Stock Will Soar After July 23
Prediction: Alphabet Stock Will Soar After July 23

Globe and Mail

time21 minutes ago

  • Globe and Mail

Prediction: Alphabet Stock Will Soar After July 23

Key Points The market is worried about Google Search's market share. Several popular generative AI models are releasing search alternatives. Google Search's results showed no signs of weakness in the first quarter. 10 stocks we like better than Alphabet › Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) has an important date coming up on the calendar: July 23. After the market closes on that day, it gives investors an update on Q2 results, and I think these figures could be the catalyst Alphabet stock needs to send it soaring. Alphabet is currently one of the most disliked big tech stocks on the market, and has a fairly cheap valuation compared to its peers and the broader market. The market is particularly concerned about one item, and if Alphabet provides investors with good news on this front, the stock could be ripe for a surge. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Alphabet trades at a deep discount to its peers and the broader market Alphabet has multiple companies underneath its umbrella, but the largest (and most important) is Google Search. Coincidentally, this is also the segment that investors are the most worried about, which is why the stock trades at a discount to its peers. GOOG PE Ratio (Forward) data by YCharts Although it's recovered from its lows, Alphabet's stock still trades for less than 19 times forward earnings, which is far less than every other big tech stock trades for. Furthermore, the S&P 500 trades for 23.7 times forward earnings, so it's valued at a significant discount to the broader market. This conveys deep fear about Alphabet's future, as its past has been quite strong. In Q1, Alphabet's revenue increased 12% year over year, while diluted earnings per share (EPS) rose an impressive 49%. Those are strong results, and if any other big tech company posted earnings like that, they'd have a premium valuation. However, investors are worried about Google's potential to lose market share. The primary concern on Wall Street is that Google Search is poised to be disrupted by generative AI. More consumers are starting to use generative AI instead of Google Search, which could cause its ad revenue on the platform to decline. We've already seen some effects of this occur, as Google's search engine market share fell below 90% for the first time since 2015. Additionally, rumors suggest that various generative AI firms are set to launch artificial intelligence (AI)-first web browsers that would threaten Google Chrome. These are all massive headwinds for Google Search, but they haven't shown up in the results yet. All the Google Search fears haven't materialized yet In Q1, Google Search's revenue rose 10% year over year. That's in line with where a mature business should be growing, and at least from a financial standpoint, all the fears seem to be unfounded. One thing that could be occurring is confirmation bias, where Wall Street analysts and other people in the tech realm have replaced Google with generative AI, but they've forgotten about the vast majority of the population that is never going to make the switch to generative AI because the traditional Google Search techniques ingrained in their internet behavior works just fine for them. Furthermore, Google implemented AI search overviews, which provide a generative AI-powered overview of the Google Search results. For the vast majority of the population, this could be enough AI to keep them on the platform, which will cause Google Search to maintain its dominance. I think this is the most likely outcome, and with each passing quarter of Google Search posting strong results (which I believe it will do in Q2), this thesis will start to become more widely accepted. However, if you see Google Search revenue start to slip, don't be surprised if the stock sells off drastically, as it would be a confirmation of the bear case. I don't think that will happen, and I firmly believe that Alphabet is a great buy today because of the bearish sentiment that has yet to impact Alphabet's financial results. Should you invest $1,000 in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025

1 Overlooked Artificial Intelligence (AI) Stock That Could Generate Life-Changing Returns
1 Overlooked Artificial Intelligence (AI) Stock That Could Generate Life-Changing Returns

Globe and Mail

time21 minutes ago

  • Globe and Mail

1 Overlooked Artificial Intelligence (AI) Stock That Could Generate Life-Changing Returns

Key Points The AI revolution is well under way. This famous business is an overlooked AI superstar. 10 stocks we like better than Amazon › The artificial intelligence (AI) revolution is well under way. The AI market was valued at around $190 billion in 2023. By 2033, however, the United Nations predicts the market will be worth nearly $5 trillion. Fortunes will be made over this time period, sending investors on a determined search to find the next big AI stock. The overlooked AI stock below, however, may be your best long-term bet. This famous company is actually an AI giant Most consumers think of Amazon (NASDAQ: AMZN) as an e-commerce business. And that's true. Last year, most of Amazon's revenues came from e-commerce sales and support. When you look at operating profits, however, the picture changes. Most of the company's operating profits last year didn't come from e-commerce. Instead, it came from a valuable business segment called Amazon Web Services -- more commonly referred to as AWS. Last quarter, AWS revenue jumped by 17% year over year. E-commerce sales in North America, meanwhile, rose by just 8%, with international e-commerce sales rising by just 5%. But it's really AWS' profitability that is most impressive. The segment's operating profits last quarter jumped to $11.5 billion, with record operating margins of around 39.5%. Companywide operating profits, meanwhile, totaled just $18.4 billion, making AWS the most critical component to Amazon's near-term and long-term profitability. What is causing AWS to grow so quickly and experience such impressive profitability? There's one major cause: the rise of artificial intelligence. AI companies don't typically build out their own infrastructure to train and run their models. Instead, they effectively rent out space from cloud infrastructure providers. Most estimates still peg AWS as the largest cloud infrastructure providers in the world, with a market share of around 30% -- nearly as much as the next two competitors combined. Rising demand and spending for AI services, therefore, result in a direct increase in demand for AWS services. Two reasons why Amazon is your best AI stock pick A lot of money will be made over the next decade with AI stocks. But as previous cycles like the dot-com bubble have proven, not all AI companies will end up winners. That's what makes investing in Amazon so appealing right now. AWS isn't an idea -- it's a reality. Amazon already has incredible scale in the cloud-computing world, with arguably greater investment power than any of its competitors. But it's not just Amazon's existing scale that should get investors interested. Due to the size of Amazon's e-commerce division, Amazon's AWS division is arguably undervalued. As one Wall Street analyst commented this week, "We believe AI is a key driver of digital transformation and that AI can help drive AWS growth to accelerate, as the AWS opportunity remains underappreciated." For years, other analysts have been calling on AWS to be spun off into a separate business entity in order to realize its full value. Whether or not a spin-off occurs, AWS will continue to become a bigger part of the Amazon story. Because AWS has higher margins and growth rates than the e-commerce division, this shift should help the stock's overall valuation. Amazon isn't the trendiest AI stock to buy right now, but it likely offers one of the best balances between risk and reward. The rise of AWS could persist for years, if not decades, generating impressive lifetime returns for patient shareholders. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store