Summary

The global white cement market size reached US$ 5,814.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 8,291.6 Million by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032. The rapid urbanization and infrastructure development, increasing product demand for decorative and premium quality applications, rising adoption of sustainable construction practices, and the technological advancements in the manufacturing processes are some of the major factors propelling the market.

White cement refers to a refined variant of ordinary Portland cement. It is produced by eliminating iron and magnesium during the manufacturing process, resulting in a distinctive white coloration. It comprises several ingredients, including limestone, kaolin, and gypsum. White cement is widely used in decorative designs, precast structural units, architectural concrete, wall putty, grouts, ceramic tile adhesives, mosaic tiles, terrazzo, exterior facades, swimming pools, and aesthetic concrete repairs. It improves visual appeal, enhances reflectivity, and provides a superior finish and texture. White cement also offers a better visual assessment of concrete cracks, reduces the heat-island effect in urban areas, and allows for expansive color options.

The rapid technological advancements in manufacturing processes, such as the introduction of energy-efficient production methods and optimization strategies resulting in superior product quality and more cost-effective production, are propelling the market growth. Furthermore, the widespread product availability in different types, such as white masonry cement and white Portland cement, which offers a wider array of choices for various construction needs, is acting as another growth-inducing factor. Moreover, the significant growth in the residential and commercial spaces owing to rising per capita income is further bolstering the market growth. Additionally, the growing interest in innovative construction designs, such as off-white and colored concrete, which largely use white cement as their base, is strengthening the market growth. Other factors, including increasing demand for green buildings, the implementation of supportive government policies, and rising investment in developing advanced products, are anticipated to drive the market growth.

White Cement Market Trends/Drivers:
The rapid urbanization and infrastructure development

Rapid urbanization is a major driver for the white cement market due to increasing infrastructure development in both developed and developing countries. In line with this, the expansion of urban areas leads to the construction of new residential, commercial, and public infrastructure, such as roads, bridges, buildings, hospitals, schools, malls, railway stations, airports, and other public spaces. White cement is extensively used in these structures due to its superior aesthetic appeal, strength, and durability. It is employed in aesthetic and decorative concrete, ornamental designs, and precast concrete units to enhance the visual appeal of the urban landscape. Furthermore, infrastructure refurbishment projects in mature and well-developed regions also demand white cement for repair and renovation purposes. As more people are shifting to urban settings, the prospects for sustained infrastructure development and consequent demand for white cement remain strong.

The increasing product demand for decorative and premium quality applications

The rising demand for decorative and premium quality applications is a significant factor driving the white cement market. Consumer preferences are shifting towards aesthetically pleasing interiors and exteriors in residential and commercial spaces. White cement is extensively used in creating decorative tiles, designer flooring, terrazzo, and mosaics, due to its color and quality consistency. In addition, it is compatible with color pigments, which allow users to select a wide range of color options, further expanding its use in decorative applications. Besides this, the increasing number of high-end real estate projects, luxury hotels, and commercial spaces that prefer white cement for a premium look and high-quality finish is boosting the market growth. Moreover, the improving living standards and increasing focus on interior and exterior aesthetics is anticipated to drive the market growth for decorative and premium applications.

The rising adoption of sustainable construction practices

The growing focus on sustainable construction practices due to escalating environmental concerns is boosting the demand for sustainable materials, such as white cement. Its high reflectivity aids in reducing the heat island effect in urban areas, as it reflects more sunlight and absorbs less heat than darker materials. This can contribute to energy savings in buildings, as less cooling is required. Additionally, the visibility of cracks in white cement structures allows early detection of potential structural issues, facilitating timely repairs and increasing building longevity. Furthermore, white cement's low iron content makes it more resistant to sulfate attack, enhancing the durability of structures and reducing the need for replacements. As a result, the ongoing global shift towards sustainability will continue to favor materials, such as white cement, that contribute to energy efficiency and durability in construction.

White Cement Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global white cement market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type and application.

Breakup by Type:

White Portland Cement
White Masonry Cement
Others

White Portland cement dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes white Portland cement, white masonry cement, and others. According to the report, white Portland cement represented the largest market segment.

White Portland cement is dominating the market due to its excellent attributes that fit a variety of applications. It boasts superior strength and durability, making it a preferred choice for construction projects demanding high-strength concrete. Furthermore, its ability to retain bright, consistent white color even when mixed with other elements has allowed designers to use it extensively in architectural and decorative applications, thus driving the market growth. In addition, it is a highly versatile product that is used in the production of precast concrete, mortars, and grouts, which is enhancing its popularity. Additionally, environmental regulations pushing for lower carbon dioxide (CO2) emissions have favored White Portland cement due to its lesser clinker content compared to traditional gray cement. Moreover, the increasing investment in infrastructure and urban development is acting as another growth-inducing factor.

Breakup by Application:

Residential
Commercial
Infrastructure

Residential dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes residential, commercial, and infrastructure. According to the report, residential represented the largest market segment.

Residential application is dominating the due to a surge in residential construction globally, owing to rapid urbanization activities. This has increased the demand for white cement, which is widely used in the construction of houses for its aesthetic appeal and durability. Furthermore, the widespread product utilization in building more energy-efficient homes, as it reflects heat more effectively than traditional gray cement, leading to cooler interior spaces, is positively influencing the market growth. Additionally, white cement is extensively used in residential applications for creating decorative finishes, tiles, and precast elements, enhancing the overall architectural design. As a result, the versatility and high performance of white cement, coupled with its superior aesthetic appeal, make it an ideal choice for residential construction.

Breakup by Region:

Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
North America
United States
Canada
Latin America
Brazil
Mexico
Others
Middle East & Africa

Asia Pacific exhibits a clear dominance in the market, accounting for the largest white cement market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); North America (the United States and Canada); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represented the largest market segment.

Asia Pacific is dominating the white cement market due to a combination of factors. The region is undergoing rapid urbanization and industrialization, leading to substantial growth in construction and infrastructure projects. Additionally, the regional countries have a large and growing middle class that demands more aesthetically pleasing buildings and homes, and white cement fits the demand perfectly owing to its superior aesthetic appeal compared to traditional grey cement. Moreover, Asia Pacific also houses several leading white cement manufacturers, which contributes to the readily available supply and competitive pricing. Apart from this, the regional governments are investing heavily in infrastructure development, which is further propelling the demand for white cement.

Competitive Landscape:
The leading companies are investing in capacity expansion and technological upgrades in their production facilities to increase production output and meet the growing demand for white cement. Furthermore, several key players are also exploring mergers and acquisitions to increase their market share, access new markets, and diversify their product portfolios. Additionally, the increasing emphasis on research and development (R&D) efforts to introduce better-quality products and create more durable, weather-resistant, and environmentally friendly versions is positively influencing the market growth. Moreover, top companies are forming strategic partnerships with other stakeholders to leverage each other's strengths, capabilities, and networks. Apart from this, the increasing global focus on sustainability has prompted companies to adopt more environmentally friendly practices in their operations, including efforts to reduce carbon emissions and waste.

The report has provided a comprehensive analysis of the competitive landscape in the global white cement market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Cementir Holding N.V.
Aditya Birla (UltraTech Cement Limited)
JK Cement Ltd
CEMEX
Sotacib
Ras Al Khaimah Cement Company
Federal White Cement
Saveh Cement Company

Recent Developments:
In Aug 2021, Cementir Holding N.V. announced that it will develop new and more sustainable white cement products.
In Jan 2022, Aditya Birla (UltraTech Cement Limited) announced its plans to expand the production capacity of its white cement brand Birla White.
In June 2021, SOTACIB's parent company Cementos Molins has completed the acquisition of a white cement terminal in the Port of Alicante from Çimsa in order to bolster its export capacity.

Key Questions Answered in This Report

1. What was the global white cement market size in 2023?
2. What will be the global white cement market outlook during the forecast period 2024-2032?
3. What are the major global white cement market drivers?
4. What are the major trends in the global white cement market?
5. What is the impact of COVID-19 on the global white cement market?
6. What is the global white cement market breakup by type?
7. What is the global white cement market breakup by application?
8. What are the major regions in the global white cement market?
9. Who are the leading white cement manufacturers?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cement Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Region
5.4 Market Breakup by Application
5.5 Market Forecast
6 Global White Cement Industry
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Application
6.7 Market Breakup by Type
6.8 Market Forecast
6.9 SWOT Analysis
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10 Value Chain Analysis
6.10.1 Raw Material Procurement
6.10.2 Manufacturing
6.10.3 Marketing
6.10.4 Distribution
6.10.5 End-Use
6.11 Porter’s Five Forces Analysis
6.11.1 Overview
6.11.2 Bargaining Power of Buyers
6.11.3 Bargaining Power of Suppliers
6.11.4 Degree of Competition
6.11.5 Threat of New Entrants
6.11.6 Threat of Substitutes
6.12 Key Market Drivers and Success Factors
7 White Cement Market: Performance of Key Regions
7.1 Asia-Pacific
7.1.1 China
7.1.1.1 Market Trends
7.1.1.2 Market Forecast
7.1.2 Japan
7.1.2.1 Market Trends
7.1.2.2 Market Forecast
7.1.3 India
7.1.3.1 Market Trends
7.1.3.2 Market Forecast
7.1.4 South Korea
7.1.4.1 Market Trends
7.1.4.2 Market Forecast
7.1.5 Australia
7.1.5.1 Market Trends
7.1.5.2 Market Forecast
7.1.6 Indonesia
7.1.6.1 Market Trends
7.1.6.2 Market Forecast
7.1.7 Others
7.1.7.1 Market Trends
7.1.7.2 Market Forecast
7.2 Europe
7.2.1 Germany
7.2.1.1 Market Trends
7.2.1.2 Market Forecast
7.2.2 France
7.2.2.1 Market Trends
7.2.2.2 Market Forecast
7.2.3 United Kingdom
7.2.3.1 Market Trends
7.2.3.2 Market Forecast
7.2.4 Italy
7.2.4.1 Market Trends
7.2.4.2 Market Forecast
7.2.5 Spain
7.2.5.1 Market Trends
7.2.5.2 Market Forecast
7.2.6 Russia
7.2.6.1 Market Trends
7.2.6.2 Market Forecast
7.2.7 Others
7.2.7.1 Market Trends
7.2.7.2 Market Forecast
7.3 North America
7.3.1 United States
7.3.1.1 Market Trends
7.3.1.2 Market Forecast
7.3.2 Canada
7.3.2.1 Market Trends
7.3.2.2 Market Forecast
7.4 Latin America
7.4.1 Brazil
7.4.1.1 Market Trends
7.4.1.2 Market Forecast
7.4.2 Mexico
7.4.2.1 Market Trends
7.4.2.2 Market Forecast
7.4.3 Others
7.4.3.1 Market Trends
7.4.3.2 Market Forecast
7.5 Middle East & Africa
7.5.1 Market Trends
7.5.2 Market Breakup by Country
7.5.3 Market Forecast
8 White Cement Market by Application
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Infrastructure
8.3.1 Market Trends
8.3.2 Market Forecast
9 White Cement Market by Type
9.1 White Portland Cement
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 White Masonry Cement
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Market Breakup by Key Players
11 White Cement Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Picture
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Picture
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utility Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
15.1 Cementir Holding N.V.
15.2 Aditya Birla (UltraTech Cement Limited)
15.3 JK Cement Ltd
15.4 CEMEX
15.5 Sotacib
15.6 Ras Al Khaimah Cement Company
15.7 Federal White Cement
15.8 Saveh Cement Company
List of Figures
Figure 1: Global: White Cement Market: Major Drivers and Challenges
Figure 2: Global: Cement Market: Volume Trends (in Million Tons), 2018-2023
Figure 3: Global: Cement Market: Breakup by Region (in %), 2023
Figure 4: Global: Cement Market: Breakup by Application (in %), 2023
Figure 5: Global: Cement Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 6: Global: White Cement Market: Consumption Volume (in Million Tons), 2018-2023
Figure 7: Global: White Cement Market: Consumption Value (in Million US$), 2018-2023
Figure 8: White Cement Market: Price Structure
Figure 9: Global: White Cement Market: Average Price Trends (in US$/Ton), 2018-2023
Figure 10: Global: White Cement Market Forecast: Average Price Trends (in US$/Ton), 2024-2032
Figure 11: Global: White Cement Market: Breakup by Region (in %), 2023
Figure 12: Global: White Cement Market: Breakup by Application (in %), 2023
Figure 13: Global: White Cement Market: Breakup by Type (in %), 2023
Figure 14: Global: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 15: Global: White Cement Market Forecast: Consumption Value (in Million US$), 2024-2032
Figure 16: Global: White Cement Industry: SWOT Analysis
Figure 17: Global: White Cement Industry: Value Chain Analysis
Figure 18: Global: White Cement Industry: Porter’s Five Forces Analysis
Figure 19: Asia-Pacific: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 20: Asia-Pacific: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 21: China: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 22: China: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 23: Japan: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 24: Japan: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 25: India: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 26: India: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 27: South Korea: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 28: South Korea: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 29: Australia: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 30: Australia: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 31: Indonesia: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 32: Indonesia: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 33: Others: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 34: Others: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 35: Europe: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 36: Europe: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 37: Germany: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 38: Germany: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 39: France: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 40: France: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 41: United Kingdom: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 42: United Kingdom: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 43: Italy: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 44: Italy: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 45: Spain: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 46: Spain: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 47: Russia: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 48: Russia: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 49: Others: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 50: Others: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 51: North America: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 52: North America: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 53: United States: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 54: United States: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 55: Canada: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 56: Canada: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 57: Latin America: White cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 58: Latin America: White cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 59: Brazil: White cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 60: Brazil: White cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 61: Mexico: White cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 62: Mexico: White cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 63: Others: White cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 64: Others: White cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 65: Middle East & Africa: White Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 66: Middle East & Africa: White Cement Market: Breakup by Country (in %), 2023
Figure 67: Middle East & Africa: White Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 68: Global: White Cement Market (Residential Applications): Consumption Volume (in Million Tons), 2018 & 2023
Figure 69: Global: White Cement Market Forecast (Residential Applications): Consumption Volume (in Million Tons), 2024-2032
Figure 70: Global: White Cement Market (Commercial Applications): Consumption Volume (in Million Tons), 2018 & 2023
Figure 71: Global: White Cement Market Forecast (Commercial Applications): Consumption Volume (in Million Tons), 2024-2032
Figure 72: Global: White Cement Market (Infrastructure Applications): Consumption Volume (in Million Tons), 2018 & 2023
Figure 73: Global: White Cement Market Forecast (Infrastructure Applications): Consumption Volume (in Million Tons), 2024-2032
Figure 74: Global: White Portland Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 75: Global: White Portland Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 76: Global: White Masonry Cement Market: Consumption Volume (in Million Tons), 2018 & 2023
Figure 77: Global: White Masonry Cement Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 78: Global: White Cement Market (Others): Consumption Volume (in Million Tons), 2018 & 2023
Figure 79: Global: White Cement Market Forecast (Others): Consumption Volume (in Million Tons), 2024-2032
Figure 80: Global: White Cement Market: Breakup by Key Players (in %), 2023
Figure 81: White Cement Manufacturing Plant: Detailed Process Flow
Figure 82: White Cement Manufacturing: Conversion Rate of Feedstocks
Figure 83: White Cement Manufacturing: Packaging Requirements
Figure 84: White Cement Manufacturing: Breakup of Capital Costs (in %)
Figure 85: White Cement: Profit Margins at Various Levels of the Supply Chain
Figure 86: White Cement Manufacturing Plant: Breakup of Total Production Cost (in %)
List of Tables
Table 1: Global: Cement Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: White Cement Market: Key Industry Highlights, 2023 and 2032
Table 3: Global: White Cement Market Forecast: Breakup by Region (in Million Tons), 2024-2032
Table 4: Global: White Cement Market Forecast: Breakup by Application (in Million Tons), 2024-2032
Table 5: Global: White Cement Market Forecast: Breakup by Type (in Million Tons), 2024-2032
Table 6: Global: White Cement Market: Competitive Structure
Table 7: Global: White Cement Market: Key Players
Table 8: White Cement Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: White Cement Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: White Cement Manufacturing Plant: Costs Related to Machinery (in US$)
Table 11: White Cement Manufacturing Plant: Raw Material Requirements (in Tons/US$) and Expenditures (in US$/Ton)
Table 12: White Cement Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: White Cement Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: White Cement Manufacturing Plant: Capital Costs (in US$)
Table 16: White Cement Manufacturing Plant: Techno-Economic Parameters
Table 17: White Cement Manufacturing Plant: Taxation and Depreciation (in US$)
Table 18: White Cement Manufacturing Plant: Income Projections (in US$)
Table 19: White Cement Manufacturing Plant: Expenditure Projections (in US$)
Table 20: White Cement Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: White Cement Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 22: White Cement Manufacturing Plant: Profit and Loss Account (in US$)