Global cement industry trends show that the top Cement Brands are seeing an increase in their annual revenues because of increased global cement consumption volume and subsequent demand for cement all over the world.
The value of the current global cement market is 340.61 billion USD and the growth projection for the global cement industry is USD 481.73 billion by the year 2030.
According to global cement industry trends, the world’s largest cement manufacturer is the Swiss cement producer company Holcim Group (LafargeHolcim) based on their global cement production capacity and estimated annual cement production and the world’s largest cement producer based on annual revenues is one of the Chinese cement brands China National Building Material.
In the list of the top 10 cement companies, you will find cement brands from different parts of the world like Switzerland, China, Italy and Russia etc. Let us go through the top 10 cement companies in the world to get a better understanding of the biggest cement brands and their revenues, annual total production capacity and annual cement production.
Table of Contents
An Overview of Top 10 Cement Companies in the World in 2023 Based on Annual Cement Production (mt/yr)
1. Holcim Group / LafargeHolcim
- Origin Country: Switzerland
- Founded: 2015
- Headquarters: Zug, Switzerland
- Employees in 2022: 72,000
- Annual Revenue in 2022: 28.525 billion USD
- Net Income in 2022: 2.443 billion USD
- Market Cap in 2022: 35.070 billion USD
- Cement Production Capacity (mt /yr): 386.5 million tonnes of cement per year
- Annual Cement Production (mt /yr): 286.6 mt / yr
The world’s largest cement manufacturer Holcim Group is ranked 1st in the list of top 10 cement companies in the world in 2022 based on market value, estimated production capacity and annual cement production per year. The Swiss cement producer company Holcim Group was formed as LafargeHolcim via a merger of Holcim, one of the largest cement companies and the French construction company Lafarge.
The world’s leading cement manufacturing company has spread its presence to 70 countries with help of 180 manufacturing cement plants and 1,402 ready-mix concrete plants. The cement company Holcim Group has spread its presence to the United States with help of 13 manufacturing cement plants spread across the USA.
The largest cement company Holcim Group is associated with the manufacturing of building materials and supplies packaged cement products in bag and bulk form. It deals in construction materials, aggregates, solutions, masonry, mortar, cement, lightweight building materials, ready-mix concrete, asphalt and precast concrete mix, fly-ash cement, custom stucco cement, slag cement, cement lime mix, Portland and masonry cement
2. Anhui Conch Cement
- Origin Country: China
- Founded: 1997
- Headquarters: Wuhu, Anhui, China
- Employees in 2022: 47,486
- Annual Revenue in 2022: 22.24 billion USD
- Net Income in 2022: 5.83 billion USD
- Market Cap in 2022: 33.387 billion USD
- Cement Production Capacity (mt /yr): 288 million tonnes of cement per year
- Annual Cement Production (mt /yr): 217.2 mt / yr
One of the largest Chinese cement companies Anhui Conch Cement is ranked 2nd in the list of the top cement companies in the world in 2022 based on cement production capacity. It is also the largest manufacturer in China manufacturing and selling cement and commodity clinker.
With 160+ subsidiaries in 18 provinces in China, Anhui Conch Cement company headquartered in Wuhu, Anhui has spread its presence in China, Laos, Indonesia, Cambodia and Myanmar. The top cement company sells 97% of its product in China and only 3% of the total cement production output outside its country.
The world’s leading cement manufacturing company deals in building materials, construction materials, commodity clinker, cement, Portland cement, compound cement and slag cement.
3. China National Building Material (CNBM)
- Origin Country: China
- Founded: 1984
- Headquarters: Beijing, People’s Republic of China
- Employees in 2022: 155,606
- Annual Revenue in 2022: 42.957 billion USD
- Net Sales: 300 billion Yuan
- Net Income in 2022: 2.670 billion USD
- Market Cap in 2022: 12.621 billion USD
- Cement Production Capacity (mt /yr): 406 million tonnes of cement per year
- Annual Cement Production (mt /yr): 176.22 mt / yr
One of the world’s largest cement brands China National Building Material (CNBM) is ranked 3rd in the list of top 10 cement companies in the world in 2022 based on cement production capacity. The largest cement company headquartered in Beijing has a wide product portfolio that includes cement, glass fiber, cement, lightweight building materials, gypsum board, composite materials and fibre-reinforced plastic.
China National Building Material is one of the prominent Chinese cement companies that is the largest producer of gypsum board, building materials and cement in China and the largest producer of glass fiber in Asia.
The publicly traded company operates with help of China National Building Materials Co Ltd and China National Building Materials Glass Co.
4. Heidelberg Cement
- Origin Country: Germany
- Founded: 1874
- Headquarters: Heidelberg, Germany
- Employees in 2022: 57,000
- Germany Heidelberg Cement Revenue: 18.713 billion USD
- Germany Heidelberg Cement Annual Net Income: 1.758 billion USD
- Heidelberg Cement Market Cap in 2022: 17.288 billion USD
- Cement Production Capacity (mt /yr): 129 million tonnes of cement per year
- Annual Cement Production (mt /yr): 121.11 mt / yr
One of the world’s largest cement manufacturers, Heidelberg Cement is ranked 4th in the list of top 10 cement companies in the world in 2022 based on the total production capacity of cement. The biggest cement company Heidelberg Cement operates with help of 139 cement plants and 1,500 ready-mix concrete production plants.
Heidelberg Cement is one of the biggest cement companies associated with building materials. Its product offerings include ready-mix concrete, asphalt, Portland cement, bag cement, bulk cement, white cement and aggregates.
Since the acquisition of Italcementi, Heidelberg Cement has been ranked 3rd largest ready-mix concrete, 2nd largest cement and the largest construction aggregates company in the world.
5. Cemex
- Origin Country: Mexico
- Founded: 1906
- Headquarters: Monterrey, Mexico
- Employees in 2022: 46,210
- Annual Revenue in 2022: 15.351 billion USD
- Net Income in 2022: 0.578 billion USD
- Market Cap in 2022: 12.078 billion USD
- Estimated Cement Production Capacity (mt /yr): 93 million tonnes of cement production capacity per year
- Annual Cement Production (mt /yr): 87.09 mt / yr
One of the world’s largest cement brands Cemex is ranked 5th in the list of top 10 cement companies in the world in 2022 based on cement production capacity. The Mexican-origin largest cement company is associated with building materials and has spread its presence to nearly 50 countries with quality cement. Production takes place with help of 1,348 ready-mix concrete plants and 64 cement plants.
Cemex is a manufacturing and distribution company of construction aggregates, ready mix concrete, masonry cement, fly ash cement, slag cement, stucco cement, Portland cement, plastic cement and cement lime mix.
6. Italcementi
- Origin Country: Italy
- Founded:1864
- Headquarters: Bergamo, Italy
- Annual Revenue in 2022: 4 billion USD
- Cement Production Capacity (mt /yr): 77 million tonnes of cement per year
- Annual Cement Production (mt /yr): 76.62 mt / yr
The Italian multinational cement manufacturer Italcementi is ranked 6th in the list of the world’s largest cement companies in 2022 based on cement production capacity. In the year 2015, 45% of the company was acquired by one of the biggest cement companies Heidelberg Cement making them a force to reckon with in the global cement industry.
The Italian multinational cement manufacturer is associated with building materials. Its product offerings include ready-mix concrete, asphalt, cement, Scanzo cement and construction aggregates.
One of the world’s largest cement producer companies Italcementi in partnership with one of the top cement manufacturers and its parent company Heidelberg Cement and 60 cement plants has spread its presence to several parts of the world.
7. China Resources Cement
- Origin Country: China
- Founded: 2003
- Headquarters: Hong Kong, People’s Republic of China
- Employees in 2022: 19,467
- Annual Revenue in 2022: 5.604 billion USD
- Net Income in 2022: 990 million USD
- Market Cap in 2022: 7.153 billion USD
- Estimated Cement Production Capacity (mt/yr): 78.3 million tonnes of cement per year
- Annual Cement Production (mt/yr): 71.02 mt/yr
One of the world’s largest cement brands China Resources Cement is ranked 7th in the list of top 10 cement companies in the world in 2022 based on cement production capacity. It is one of the leading cement and concrete companies in Southern China, the largest NSP clinker and cement companies in Southern China based on production capacity and the 2nd largest top concrete companies’ producer in China based on sales volume.
China Resources Cement has spread its presence with help of 24 cement plants. The top cement company is associated with building materials and deals in ready concrete mixes and cement.
China Resources Cement is one of the top cement producer companies in the global cement industry that has put the focus on innovation and green development.
8. Taiwan Cement
- Origin Country: Taiwan
- Founded: 1946
- Headquarters: Zhongshan, Taipei, Taiwan
- Employees in 2022: 10,651
- Taiwan Cement Revenue in 2022: 3.670 billion USD
- Taiwan Cement Net Income in 2022: 695 million USD
- Taiwan Cement Market Cap in 2022: 10.376 billion USD
- Taiwan Cement Annual Production Capacity (mt /yr): 69 million tonnes of cement per year
- Taiwan Cement Annual Cement Production (mt /yr): 63.72 mt / yr
One of the world’s largest cement brands Taiwan Cement is ranked 8th in the list of top 10 cement companies in the world in 2022 based on cement production capacity. The cement company is a public company and a central part of the TCC Group.
Taiwan Cement is one of the world’s leading cement-producing companies and deals in trading and production of paper bags, ready concrete mixes, masonry, mortar, cement and construction materials that are used in tunnels, dams and bridges.
9. Eurocement Group
- Origin Country: Russia
- Founded: 2002
- Headquarters: Moscow, Russia
- Annual Revenue in 2022: 50 billion Russian Rubles
- Annual Production Capacity (mt /yr): 50 million tonnes of cement per year
- Annual Cement Production (mt /yr): 45.18 mt / yr
One of the world’s largest cement companies Eurocement Group with the top cement capacity is ranked 9th in the list of top cement companies in the world in 2022 based on actual cement produced. It is the largest cement company and the biggest supplier of construction aggregates, cement and ready-mix concrete in Russia.
The largest cement producer and distributing cement company Eurocement Group has spread its presence across Russia, Uzbekistan and Ukraine with help of 16 cement plants along with aggregate mining quarries, concrete goods plants, cement elevators, industrial construction materials and concrete mix plants.
With 2.8 billion tonnes and 1.8 billion tonnes of carbonate rock and granite respectively explored reserves the largest cement company in Russia is a force to reckon with in the global cement industry.
10. Votorantim Group
- Origin Country: Brazil
- Founded: 1918
- Headquarters: Sao Paulo, Brazil
- Employees in 2022: 36,507
- Net Revenue in 2022: R$ 6.7 billion
- Annual Cement Production Capacity (mt /yr): 54.4 million tonnes of cement per year
- Annual Cement Production (mt /yr): 45.02 mt / yr
The leading cement manufacturer Votorantim Group is ranked 10th in the list of top cement-producing companies in the world in 2022 based on cement production capacity. It is an investment holding company with portfolio companies operating in various economic sectors like building materials, metals and mining, oil and gas proppants and infrastructure etc.
Votorantim Group operates the building materials and sustainable solutions business segment with help of Votorantim Cimentos. It is one of the largest cement companies that deals in cement, concrete, mortar, aggregates and supplementary cement material.
The largest cement company Votorantim Cimentos has spread its presence to Asia, Africa, Europe and the Americas with help of 264 industrial plants and sustainable operations.
Conclusion
Cement brands have realized that the global cement consumption volume will keep on increasing for the time being and hence have started increasing the number of cement plants and their global cement production capacity to meet the demand factor. The world’s top 10 cement companies are now singlehandedly able to meet a good chunk of global demand for cement between them.
Top 3 USA Cement Companies
Some of the top USA cement companies based on their cement production capacity are
1. Ash Grove Cement Company
2. Buzzi Unicem USA, Inc
3. St Mary’s VCNA, LLC
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