Global cement volume growth is expected to lose momentum following a significant decline in Chinese demand, bringing down the average growth rate over 2015-2020 to 0.7%.
As a result, global cement consumption is expected to reach 4 billion tonnes in 2016 and 4.2 billion tonnes by 2020, according to the 1H2016 update of CW Research’s Global Cement Volumes Forecast Report.
The new CW Research report provides global and regional outlooks, based on the detailed perspective of 55 of the world’s most important countries’ demand-supply model, reflecting around 95% of total global cement demand. The five-year outlook presented in this benchmark study enables industry professionals to shape their perspective on markets and business priorities.
“The monumental cumulus of global economic challenges in 2015 is bound to put the brakes on global cement markets in the coming years,” said Robert Madeira, CW group managing director and head of research. “We are witnessing China’s unprecedented falling cement capacity and demand, a development, that alone is responsible for the negative forecast revisions in our update, and which drags down traditional bright spots of the cement market.”
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