Turkey Cement Market by Type (Blended, Portland, Others), By End Use (Residential, Non-Residential), By Region, Competition Forecast and Opportunities, 2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTurkey Cement Market by Type (Blended, Portland, Others), By End Use (Residential, Non-Residential), By Region, Competition Forecast and Opportunities, 2028F
| Forecast Period | 2024-2028 |
| Market Size (2022) | 85.11 MMT |
| Largest Market | Residential |
| CAGR (2023-2028) | 6.43% |
| Fastest Growing Segment | Portland |
In 2022, the production volume of cement in Turkey amounted to an estimated 85 million metric tons. Thus, Turkey was ranked as the fifth leading cement producing nation in the world that year, following China, India, Vietnam, and the United States.
According to cement industry forecasts for the years 2013 - 2023, measured in 2023 values, it is expected that production will increase to 99.8 million tons and consumption to 78.9 million tons.
Growing Investment & Rising Cement Plants to Boost the Market Growth
Cement is made by combining limestone, clay, and sand in a rotating kiln at high temperatures. The raw materials are heated to about 1,450 degrees Celsius (2,642 degrees Fahrenheit), which causes them to fuse together and form clinkers. The clinkers are then grounded into a fine powder, which is cement. The cement manufacturing companies are using its raw material resources to meet the country's ongoing construction activities' demand, by reducing the cost incurred in the production process. Manufacturers are making high-end investments to modernize the infrastructure required to make fine cement particles. For an example, Marmara Cement was founded by Ustyapi, a Turkish road builder and construction contractor, in 2018. It was built, in part, to bring cement production in house for Ustyapi’s own projects. Before Marmara Cement, Ustyapi had previously founded, built, commissioned, and subsequently sold another cement plant, Kavçim, between 2012 and 2016. The construction of the factory took place in 2024-2032 and 2024-2032, although the COVID-19 pandemic somewhat slowed down the construction in 2024-2032 as well. At the beginning of 2024-2032, the construction work was finished, and now companies are able to fire up the furnace. The first clinker was produced on April 1, 2024-2032. Owing to this growing investment, the turkey cement market is growing in the forecast period.
Increasing Awareness of Green Cement
According to an average, one ton of Portland cement emits approximately 6% of the world's anthropogenic CO2 emissions, contributing significantly to current environmental issues. This leads to high carbon dioxide & greenhouse gas emissions, which have forced many builders, authorities, and architects to choose greener solutions such as the development and use of green cement. The green cement is an effective choice for building bridges and roads, due of its high tensile strength and corrosion resistance. It has a lower rate of shrinkage, making it more durable than traditional cement. These factors are pushing the turkey cement market towards favourable opportunities in the country.
Turkey Government Housing Program
Renovation and Modernization of Old Projects Will Drive the Market
Redesign and modernization projects play an urgent part in driving the cement market in Turkey. With its rich verifiable legacy and social tourist spots, Turkey has an immense range of authentic locales, structures, and landmarks that require customary support, rebuilding, and modernization endeavours. The interest in concrete in these ventures is huge, as it is a basic development material for underlying security and protection.
To preserve their architectural integrity and cultural significance, historic buildings and sites like mosques, churches, ancient ruins, and palaces require meticulous restoration. These tasks include fixing and supporting existing designs, supplanting weakened materials, and guaranteeing the life span of the structures. There is a growing need to upgrade residential and commercial spaces to meet modern standards as Turkey experiences urbanization and population growth.
Redesign projects include changing obsolete structures into current designs, further developing energy effectiveness, integrating trend setting innovations, and upgrading usefulness. The preservation of historical sites and the promotion of sustainable urban development are recognized by the Turkish government. These initiatives make it possible for both Turkish manufacturers and suppliers to benefit from the increased demand for cement in the country.
In general, renovation and modernization projects in Turkey's cement market not only help to preserve the cultural heritage of the nation but also significantly contribute to the expansion of the construction industry, the creation of employment opportunities, and the expansion of the economy.
Foreign Direct Investment (FDI) Driving Growth and Development of The Cement Market in Turkey
The cement market in Turkey has grown and developed, due to foreign direct investment (FDI). The cement industry has seen significant inflows of foreign capital due to the country's expanding economy, strategic location, and favourable investment climate. Turkey's expanding economy, stable political climate, and solid legal system have made it a popular destination for investors from abroad. The public authority has carried out changes to empower FDI and establish an effective business climate, including smoothed out guidelines, speculation motivations, and tax reductions. Foreign companies have been able to enter the Turkish cement market, due to these measures, which have ultimately increased investor’s confidence.
Additionally, due to the country's rising construction, infrastructure, and urbanization trends, foreign investors are aware of the enormous potential of the Turkish cement industry. Foreign companies can benefit from the rising demand for building materials and contribute to the country's development objectives by investing in the cement market. Moreover, Turkey's locations area gives admittance to territorial and global business sectors. Numerous businesses are focusing on construction economy. The country's proximity to Europe, Asia, and the Middle East makes it possible to trade and distribute goods effectively.
The growth in construction sector helps in the growth of Turkish economy. The Turkish government is investing heavily in infrastructure, such as roads, bridges, and airports. This is creating a demand for cement, as these projects require large amounts of material. Turkey is a rapidly urbanizing country, which is also driving the demand for cement. As more people move to cities, there is a need for new housing, commercial buildings, and other infrastructure, owing to which the market is expected to grow in the forecast period.
In conclusion, the Turkish cement market is a dynamic and growing market, and it is well-positioned for continued growth in the coming years. The strong economic growth in the country, coupled with the government's focus on sustainable construction, are driving demand for cement. The rise of the green building movement and the increasing use of cement in industrial applications are also contributing to the growth of the market.
Recent Development
- According to world Cement Data, a focus on urban renewal projects is very important for the construction and cement sectors. It could increase the demand for cement, and may continue to increase the infrastructure and construction activities in Turkey until 2023. Cement could reach 99.8 million tons, while consumption is expected to reach 78.9 million tons in 2023 end.
Market Segment
The Turkey Cement market is segmented into type, end use, and region. Based on type, the market is segmented into Blended, Portland, and Others. Based on the end use, the market is bifurcated into residential and non-residential. Based on region, the market is segmented into Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, and Eastern Anatolia.
Market Players
Major market players of Turkey Cement Market are Akcansa Cement, Oyak Group, Çimsa Cement, Limak Cement, Askale Cimento Sanayi TAS, Heidelberg Cement Group, VOTORANTIM CIMENTO A.S., FLSmidth, ADOCIM CIMENTO BETON A.S, BURSA CEMENT A.S.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2024-2032 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Type End Use Region |
| Regional scope | Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, Eastern Anatolia |
| Key companies profiled | Akcansa Cement, Oyak Group, Çimsa Cement, Limak Cement, Askale Cimento Sanayi TAS, Heidelberg Cement Group, VOTORANTIM CIMENTO A.S., FLSmidth, ADOCIM CIMENTO BETON A.S, BURSA CEMENT A. S. |
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