The US cement production increased from 76.8 million metric tons in 2013 to 88.88 million metric tons by 2023. The production dipped in 2020 to 83.18 million metric tons, likely due to pandemic impacts, but quickly recovered in subsequent years. The year-on-year variation shows modest increments, maintaining a positive trend with minor fluctuations. Over the last two years, the variation has stabilized, increasing by 0.49% in both 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 0.58%, indicating steady growth.
Future trends to watch for include:
- An expected CAGR of 0.4% over the next five years, leading to an estimated production of 91.15 million metric tons by 2028.
- Potential impacts from economic policy changes, infrastructure investments, and environmental regulations on production capacities.
