From 2013 to 2019, cement consumption in the US experienced notable growth, with the highest year-on-year increase recorded in 2014 at 9.14%. The period from 2020 onwards showed fluctuations, with a significant dip in 2020 due to external factors, followed by moderate recovery in subsequent years. As of 2023, cement consumption stood at 103.21 million metric tons. Analyzing recent trends, the year-on-year variations from 2021 to 2023 revealed a consistent but modest growth rate of around 0.62%. The five-year CAGR from 2023 to 2028 is forecasted at 0.5%, indicating a slight uplift in consumption.
Future trends to watch for include the impact of sustainable construction practices, shifts in infrastructure investments, and potential economic fluctuations which could affect market demand. Monitoring these factors will be pivotal in understanding the long-term trajectory of cement consumption in the US.
