Abstract
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.
Study coverage
It presents historical demand data (1997, 2002 and 2007) plus forecasts for
2012 and 2017 by cement type, market, world region and for 47 countries. The
study also considers market environment factors, assesses the industry
structure, evaluates company market share data and profiles leading industry
competitors worldwide, such as Anhui Conch, CEMEX, Heidelberg Cement, Holcim,
Italcementi, Lafarge, Taiheiyo Cement, and Votorantim.
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