Cement Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: March 2024
NAICS 32731CARevenue
$2.1bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
2,289
Businesses
43
Wages
$XXX.Xm
Cement Manufacturing in Canada industry analysis
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 pandemic downturn has pushed up production volumes and prices for Canadian cement manufacturers. Industry revenue is forecast to drop at a CAGR of 3.8% to $2.1 billion through the end of 2024, including a 0.9% projected decline during the current year as downstream demand growth cools.
Trends and Insights
- The cement manufacturing industry is primarily influenced by the construction sector, with cement demand swelling because of sustainable urban development and energy-efficient building needs. However, cement producers endure challenges like high capital investment, stringent environmental regulations and fluctuating costs, leading to strategies like alternative energy use and internationalization.
- Canada's cement industry sees white Portland cement as a significant aesthetic element in prestigious building projects contributing to revenues. Yet, lower-cost and accessible nonwhite Portland cement, emerging specialty cements and sustainable blended hydraulic cements are shaping the industry, while cement clinkers' market share drops.
- Canadian cement manufacturers strategically select locations near raw material deposits and downstream markets to cut transport costs. Many also operate along the US border for cheaper exports.
- Canadian cement manufacturers primarily compete on price and quality, and must keep production costs low to stay competitive. Efficiency in the production process is key, with larger companies often holding an advantage because of investment in more advanced manufacturing technology.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.8 % over the past five years, to reach an estimated $2.1bn in 2024.
Trends and Insights
Cement is predominantly utilised in construction materials
- Concrete is a crucial element in numerous construction ventures, encompassing infrastructure, utilities, public works, private nonresidential and residential projects. Downstream construction markets greatly influence cement manufacturers' revenue.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
There's going to be a boost in overall construction
- Through the end of 2029, revenue expansion will be supported by boosted government financing for highways, swelling utility construction costs and surging costs of nonresidential construction projects.
Biggest companies in the Cement Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
LafargeHolcim Ltd. | 834.4 | 141.1 | 16.9 | |
Heidelberg Materials | 457.1 | 59.6 | 13.0 | |
St. Marys Cement Inc. | 248.9 | 38.2 | 15.3 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including All other portland cement, White portland cement and Hydraulic cements. All other portland cement is the largest segment of the Cement Manufacturing in Canada.
Trends and Insights
White Portland cement is the luxury element in Canada's building industry
- White Portland cement, known for its aesthetic qualities, is a significant contributor to Canadian cement manufacturers' revenue. It's primarily used in prestigious building projects that require a distinct aesthetic appeal and, specifically, in renovation works mandating white building materials.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Stone Mining in Canada
- Sand & Gravel Mining in Canada
- Ready-Mix Concrete Manufacturing in Canada
- Precast Concrete Manufacturing in Canada
International industries
- Cement Manufacturing in the US
- Cement and Lime Manufacturing in Australia
- Cement Manufacturing in the UK
- Cement Product Manufacturing in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Portland cement manufacturingOther hydraulic cement manufacturingNon pulverized cement, known as cement clinker, manufacturingAluminous cement manufacturingCompanies
LafargeHolcim Ltd.Heidelberg MaterialsSt. Marys Cement Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
PORTLAND CEMENTCEMENT CLINKERHYDRAULIC CEMENTIndustry Code
NAICS 327310 - Cement Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The cement manufacturing industry is primarily influenced by the construction sector, with cement demand swelling because of sustainable urban development and energy-efficient...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Canada's cement industry sees white Portland cement as a significant aesthetic element in prestigious building projects contributing to revenues. Yet, lower-cost and accessib...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Canadian cement manufacturers strategically select locations near raw material deposits and downstream markets to cut transport costs. Many also operate along the US border f...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Canadian cement manufacturers primarily compete on price and quality, and must keep production costs low to stay competitive. Efficiency in the production process is key, wit...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The top three companies account for more than half of total Canadian cement manufacturing revenue. These multinational corporations often partake in mergers and acquisitions ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of LafargeHolcim Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Heidelberg Materials's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of St. Marys Cement Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for LafargeHolcim Ltd., and factors influencing its performance in the industry
- Description and key data for Heidelberg Materials, and factors influencing its performance in the industry
- Description and key data for St. Marys Cement Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Canadian cement manufacturers must comply with stringent environmental regulations and international trade laws, particularly for exporting to the U.S., enforced by both the f...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Despite an unexpected dip in profit due to the pandemic, the construction industry has maintained strong profit, largely because of a robust recovery in 2021. Wage expansion ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Cement Manufacturing industry in Canada in 2024?
The market size of the Cement Manufacturing industry in Canada is $2.1bn in 2024.
How many businesses are there in the Cement Manufacturing in Canada industry in 2024?
There are 43 businesses in the Cement Manufacturing industry in Canada, which has grown at a CAGR of 0.5 % between 2019 and 2024.
Has the Cement Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Cement Manufacturing industry in Canada has been declining at a CAGR of 3.8 % between 2019 and 2024.
What is the forecast growth of the Cement Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Cement Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Cement Manufacturing market in Canada?
The biggest companies operating in the Cement Manufacturing market in Canada are LafargeHolcim Ltd., Heidelberg Materials and St. Marys Cement Inc.
What does the Cement Manufacturing in Canada include?
Portland cement manufacturing and Other hydraulic cement manufacturing are part of the Cement Manufacturing industry.
Which companies have the highest market share in the Cement Manufacturing in Canada?
The company holding the most market share in Canada is LafargeHolcim Ltd..
How competitive is the Cement Manufacturing industry in Canada?
The level of competition is high and steady in the Cement Manufacturing industry in Canada.
