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World Cement

World Cement
  • Report price : $ 5 800
  • Publication date : January 2008
  • Length : 250 pages

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World Cement

Global cement demand to grow 4.7% annually through 2012
World demand for cement is forecast to grow 4.7 percent per year to 3.5 billion metric tons in 2012. Gains will be driven by strong increases in cement consumption in the developing countries of the world, fueled by rising income levels and a focus on infrastructure development. Additionally, a rebound in cement demand in industrialized markets such as the US, Japan and Germany, will further boost advances.

However, gains will slow considerably from the 2002-2007 period, which was characterized by double-digit increases in demand in China, which accounted for nearly half of global cement demand in 2007. The rate of growth in China will moderate considerably, reflecting a significant slowdown in construction expenditures. Product demand in India, the second largest national market for cement, will climb at the fastest rate of any major market. Although small, Indonesia, Malaysia, Nigeria, Vietnam and the UAE are all expected to record gains in excess of seven percent per year.

In the developed areas of the US, Japan and Western Europe, cement sales increases will lag the global average, although improvement over the 2002- 2007 period is expected. In the US, for example, the market is expected to benefit from a recovery in residential building activity, as well as strong government spending on nonbuilding construction through 2012. In Western Europe, a rebound in construction activity will benefit cement markets in countries such as Germany and Portugal. Similarly, a pickup a construction spending in Japan following an extended period of decline will help bolster overall developed world market growth.

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