RnRMarketResearch.com adds “World Cement to 2019”to its store.
World demand to rise 4.6% annually through 2019
World demand for cement market is projected to grow 4.6 percent per year to 5.2 billion metric tons in 2019. Gains will continue to be stimulated by healthy increases in construction activity in developing countries throughout the Asia/Pacific and Africa/Mideast regions. The massive Chinese market will continue to be the largest driver of growth, accounting for over half of the increase in global cement demand through 2019. North America will also register strong gains as the US construction industry continues to recover from recessionary conditions that began in 2008. In value terms, global demand for cement will advance 7.0 percent per year to $420 billion in 2019.
Africa/Mideast region to post fastest annual gains
The Africa/Mideast region will post the fastest gains through 2019, growing 5.6 percent per year. The four largest cement consumers in the region -- Turkey, Saudi Arabia, Iran, and Egypt -- will all outperform the global average. Healthy gains in cement demand are also expected in many developing countries throughout the region as population growth and urbanization contribute to greater activity in all sectors of the construction industry. Developing countries in the Asia/Pacific region will see similarly strong growth, but a weak outlook in wealthy countries such as Japan and South Korea will constrain the pace of gains. Demand growth for cement in Central and South America will be in line with the global average, reflecting solid economic advances.
Demand for cement in North America will advance at a healthy clip, primarily due to recovery in the leading US market. While US demand for cement already benefited from a rebound over the 2009- 2014 period, it will leave significant room for recovery to 2004 consumption levels. Demand for cement in both Western Europe and Eastern Europe will also benefit from recovery in countries that have experienced economic turmoil.
Growth to be similar across all major markets
At the global level, consumption of cement in the residential building, nonresidential building, and nonbuilding construction markets are all expected to grow at similar rates through 2019, but there will be substantial variation across regions. The nonbuilding construction market will be the fastest growing in the Asia/Pacific region, supported by major infrastructure projects in countries such as China and India. The lack of transportation and energy infrastructure in much of the region leaves significant room for increased investment in development. Conversely, in Western Europe and North America the nonbuilding construction market will lag the others. While economic gains will support increased building construction, both regions already have extensive existing transportation infrastructure and will not require the volume of new highway construction projects that fuel nonbuilding cement demand in developing countries.
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Blended cement to remain most popular product
Blended cement will continue to be the most popular product at the global level, accounting for 75 percent of total demand in 2019. This product is projected to improve its market share, benefiting from its superior environmental profile. In addition to the general benefits of lower energy costs, use of blended cement will aid producers by allowing them to better meet increasingly stringent emissions standards. The market share of Portland cement will decline somewhat, but will remain a major portion of total demand. Limited availability of necessary materials will constrain the shift to blended cement in many nations. Other cements, including specialty and environmentally friendly types, will gain in popularity but remain niche products.
Profiles 44 global competitors such as Anhui Conch Cement, CEMEX, HeidelbergCement, LafargeHolcim & CNBM (China National Building Materials
This study analyzes global supply of and demand for hydraulic cement -- the binding agent used in concrete and mortar -- which sets and hardens in a chemical reaction with water. The following types of cements are covered: blended or composite cement (portland cement mixed with materials like blast furnace slag, fly ash, and silica fume), straight portland cement (including general use, high early-strength, oil well, and white portland cement), and other types of cement (such as masonry and aluminous cement). Excluded from the scope of the study are cement additives and clinker sold separately, as well as all types of non-hydraulic cementitious materials (e.g., asphalt or bitumen). Unless otherwise indicated, the term “concrete” refers to concrete made using hydraulic cement as the binder, as opposed to asphaltic concrete.
Historical data (2004, 2009, and 2014) and forecasts for 2019 and 2024 are presented in metric tons for cement production; demand by product type and by market; and net exports on a country-by-country basis. The term “demand” actually refers to “apparent consumption,” and is defined as production (also referred to variously as “shipments,” “output,” or “supply”) from a country’s indigenous manufacturing facilities plus imports minus exports. It is used interchangeably with the terms “market,” “sales,” and “consumption.”