Global Cement Top 100 2026

Global Cement presents its annual analysis of the top 100 cement producers, as well as the top cement-producing nations in 2025, ahead of the release of the Global Cement Directory 2026.

There were 163 countries and territories in which cement was produced in 2025, either in integrated cement plants, via grinding imported clinker, or both, according to research conducted towards the publication of the Global Cement Directory 2026. There were 141 countries and territories with integrated capacity and 110 that had grinding plants. There were 23 countries and territories that only produced cement by grinding imported clinker and 42 that only had integrated cement plants.

Excluding China, data for which can be unreliable, there were 1553 active integrated plants that shared a total cement capacity of 2667Mt/yr. There were 620 grinding plants that contributed a further 438.4Mt/yr of cement capacity. This brings the overall total to 3105.4Mt/yr across 2173 plants outside of China.

Production and capacities

A total of 4.0Bnt of cement was produced globally in 2024, according to the United States Geological Survey (USGS). This represented a 2.4% year-on-year on decline compared to the 4.1Bnt produced in the previous year.

Below - Table 1: Top 10 cement producing nations in 2023 / 2024. Source: USGS Mineral Survey 2025.

Table 1 shows that the largest producer of cement in 2024 was, once again, China. It produced 1900Mt of cement in that year, 47.5% of the global total. This is the first time that China has produced less than half of the world's cement since 2008.

India, as in recent years, was the second-largest producer of cement, with 450Mt produced in 2024. This represented an increase of 7.1% year-on-year from 420Mt in 2023. The third largest producer of cement was Vietnam, unchanged year-on-year at 110Mt. The rest of the Top 10 cement producing countries in 2024 are shown in Table 1. The top nine are unchanged in order compared to 2023, although South Korea has replaced Saudi Arabia in 10th place.

Below - Table 2: Top 10 cement producing nations in 2025 by installed capacity. *Chinese values are likely to be significantly higher. Source: Research towards Global Cement Directory 2026.

The 10 countries with the most installed cement capacity are shown in Table 2, along with integrated/grinding splits for their numbers of plants and capacities. As is to be expected, they overlap to a great extent with those shown in Table 1, although Egypt is present in Table 2 instead of South Korea. The relative positions of Indonesia and Russia, as well as Egypt, indicate that they have overcapacity, while Türkiye, Brazil and Iran appear to have relatively high demand for cement with respect to their capacities.

Top 10 cement producing countries

1 CHINA

China saw a 5% year-on-year decline in cement production during the first eight months of 2025 with 1.11Bnt produced. This was on top of a 23% fall in production between 2021 and 2024, according to the China Building Materials Federation (CBMF).Cement production was 148Mt in August 2025, down by 6% year-on-year but up by 1% month-on-month. In the previous month, July 2025, the country produced its lowest monthly volume of cement since 2009, at 146Mt.

Market research agency S&P Global has reported that the decline was due to reduced domestic demand, precipitated by a prolonged real estate sector downturn and sluggish infrastructure investment. Similar conditions are expected in 2026, with full year production volumes expected to fall by another 5-8% relative to 2025.

In October 2025, the Ministry of Industry and Information Technology 'reminded' the industry to adhere to a prohibition on building new capacity and an enforced phase-out of older existing plants. The CBMF forecasts a 500Mt/yr reduction of China's cement capacity due to these policies.

2. INDIA

India's cement production volumes increased by 7.1% year-on-year to 450Mt in 2024 from 420Mt recorded in 2023, according to the USGS. Momentum picked up in the first quarter of the 2026 financial year (FY2026), which started on 1 April 2025. Production rose to 120Mt for the three-month period, with June 2025 volumes 9% higher year-on-year than June 2024 at 41.3Mt. Ratings agency ICRA anticipates that volumes will grow by 6 - 7% in FY2026, supported by sustained demand from the housing and infrastructure sectors. If realised, this would mean production of 480-485Mt in FY2026.

3. VIETNAM

Vietnam's cement production in 2024 reached 184.2Mt, a 3.5% increase compared to 2023, according to the General Statistics Office (GSO). Note that this value conflicts with the USGS data shown in Table 1.

In the first nine months of 2025, cement production reached 137Mt, marking a 15% year-on-year increase, according to the GSO. In September 2025, output totalled 16.2Mt, up by 28% compared to the same month in 2024.

Cement and clinker exports rose to nearly 9.5Mt, up on both the previous quarter and the first nine months of 2024. The increase was driven by efforts to expand into new markets in the Middle East, Africa and Eastern Europe, offsetting lower demand from the US, Taiwan and the Philippines.

4.US

US shipments of Portland and blended cement, including imports, were an estimated 9.2Mt in June 2025, a 2% decrease from 9.4Mt in June 2024, according to the latest USGS data. Shipments for the first six months of 2025 reached 47.0Mt, down by 5.3% year-on-year. The leading cement-consuming states were, in descending order, Texas, California, Florida, Ohio, and Illinois, which together accounted for 38% of total shipments in June 2025.

Clinker production, excluding Puerto Rico, was estimated at 6.3Mt in June 2025, down by 2% from 6.4Mt in the same month of 2024. For the first half of 2025, clinker output reached 30.8Mt, an 8% decline from 33.6Mt in the same period of 2024. Cement and clinker imports, including those through the San Juan customs district in Puerto Rico, totalled 2.61Mt in June 2025, an 11% increase compared with June 2024. Imports for the year to June 2025 reached 12.4Mt.

5. TÜRKIYE

Türkiye produced 84.8Mt of cement in 2024, 4.0% more than the 81.5Mt that it produced in 2023, according to TürkÇimento. Domestic cement sales in 2024 came to 71.0Mt, 9.2% more than in 2023. Cement exports in 2024 reached 13.0Mt, a fall of 14.5% year-on-year. Clinker production in 2024 was 77.5Mt, 6.2% more than the 73.0Mt produced in 2023. Clinker exports rose by 31.9% from 4.0Mt in 2023 to 5.2Mt in 2024.

Türkiye produced 50.8Mt of cement in the first six months of 2025, a rise of 5.2% from the same period of 2024 when it produced 48.2Mt. Domestic sales were up by 4.4% from 37.8Mt to 41.6Mt and exports rose by 10.9% from 8.1Mt to 8.9Mt.

6. IRAN

Data from the Iran Cement Association (ICA) shows that cement consumption in Iran declined by 7.3% in the first seven months of 2025, falling to 34.6Mt from 37.3Mt in the same period of 2024. Cement production was down by 3.7% year-on-year to 37.8Mt, while clinker production was stable at 43.0Mt. Cement exports rose by 4.6% year-on-year to 3.37Mt, but clinker exports dropped by 21% from 4.45Mt to 3.53Mt.

The ICA attributed the fall in demand to a sluggish real estate market and difficult economic conditions. The government’s limits on cement production to address power shortages has also impacted production levels.

7. BRAZIL

Brazil's cement sales rose by 3% year-on-year in the first nine months of 2025, up from 48.8Mt to 50.3Mt, according to data from the National Union of the Cement Industry (SNIC). The sector’s performance reflected mixed economic signals, with a robust labour market counteracting the effects of high interest rates, rising defaults and elevated household debt.

However, overall economic activity has shown signs of slowing in the second half of 2025, with industry confidence stabilising in September 2025 after three months of decline. Given this, SNIC projects a moderate 2% increase in cement consumption for 2025, supported by continued demand from housing and infrastructure projects.

8. INDONESIA

Indoesnia's cement production fell by 8.0% year-on-year in September 2025 compared to September 2024, according to data from the Asosiasi Semen Indonesia (ASI). Volumes fell from 6.2Mt to 5.74Mt, with sales of 6.Mt, 1.3% less than the 6.1Mt sold in the same month of 2024. All regions of the country experienced a decline in sales, with the sole exception of Bali-Nustra, which noted a 16.3% rise in despatches.

In partial compensation for falling domestic sales, cement exports rose by 11.0% in September 2025 relative to a year earlier. Volumes rose from 90,400t to 100,350t. Top export markets, in descending order by volume, were East Timor, followed by the Maldives, the Philippines, Taiwan and Papua New Guinea. Small amounts of clinker were also exported, primarily to Bangladesh, Taiwan, Angola, Ghana, Sri Lanka and Mozambique.

9. RUSSIA

Russia produced 64.9Mt of cement in 2024, 2.6% more than in 2023. Cement shipments increased by 2.1%, to 64.2Mt. Imports were around 3Mt.

However, the sector's performance in 2025 appears to be deteriorating. In the first half of 2025, Russia consumed 28.4Mt of cement, just 4% more than the 27.2Mt it produced in the same period of 2024. By August 2025, market leader Cemros reported that it expected total domestic cement demand to drop by 10 - 15% to 57.0 - 60.3Mt in 2025. Indeed, the company cited ‘declining cement consumption’ when bringing in a four-day working week at its Russian plants in October 2025. Cemros also pointed to the 'threat' of imports from neighbouring Belarus.

10. SOUTH KOREA

South Korea is a new entry into the top 10 in 2025, replacing Saudi Arabia. Data from the Korea Cement Association (KCA) shows that local shipments of cement fell by 17% year-on-year to 18.8Mt in the first half of 2025. The last time half-year output was reported to be below 20Mt was in 1992. After peaking at 26Mt in 2023, sales fell by 7.2Mt (27.5%) in two years, driven by a prolonged recession in the construction industry and reduced social overhead capital spending.

The association noted that a ‘severe’ construction recession had continued from 2024. An uptick in demand for building materials is anticipated in the second half of 2025 due to postponed construction work but it is expected to be limited by a forthcoming government budget. The association said that output for the whole of 2025 is forecast to be "significantly below 40Mt unless effective construction stimulus measures are available."

Top 100 Companies 2025

There were 1256 companies engaged in the production of cement at the end of 2025, from AA Energy to Zunyi Jintang Cement. The Top 100 are shown above. The Top 10 control more than 1912Mt/yr of cement capacity. The concentration of the global cement industry has decreased over the past 12 months, with the Top 10 gaining 78Mt/yr of capacity since our December 2024 issue. This is despite some multinationals taking strategic steps to divest their assets, for example Holcim splitting its North American assets into the new company Amrize.

More information will be available in the Global Cement Directory 2026. Visit: www.globalcement.com/directory.

Below - Table 3: Top 100 Companies 2025. Source: Global Cement Directory 2026.