Bharatbook.com : World Cement to 2013

Jan. 29, 2010 - PRLog -- World Cement to 2013

Global demand to rise 4.1% annually through 2013
Global demand for hydraulic cement is forecast to rise 4.1 percent per year to 3.5 billion metric tons in 2013, valued at $246 billion. Gains will be fueled by rising investments in infrastructure among the developing countries of the world, driven by economic growth and increasing per capita income levels. In developed areas, gains in demand will improve from a low 2008 base, yet lag the robust advances seen from 2003 to 2008. Many of the fastest-growing markets for cement during this period, including China, Russia, Brazil and other large consumers, will experience a substantial deceleration in cement demand going forward. ( http://www.bharatbook.com/detail.asp?id=130223&rt=World-Cement.html )

Blended cement to increase market share
Blended cement, the leading cement product type in 2008, is expected to further increase its share of the market over portland cement through 2013. Blended cement will continue to benefit from its typically lower costs and positive environmental profile compared to straight portland cement. Cement firms are increasing the use of cementious materials such as fly ash and blast furnace slag in their products, which reduces carbon dioxide emissions from the production of portland cement clinker.

Ready-mix concrete to remain fastest growing type
Ready-mix concrete will continue to be the fastest-growing outlet for cement through 2013. While ready-mix dominates cement demand in developed world markets such as the US and Japan, in many industrializing countries sales to consumers or construction contractors are more common. This is changing rapidly, particularly in the urban areas of China and India, where the efficiency benefits of ready-mix concrete are allowing this market to gain a larger portion of cement demand.

Developing Asian countries to continue strong gains
A number of countries will continue to see strong gains in demand for cement, particularly in the Asia/Pacific region. China, which accounts for nearly half of world cement demand, will see a slowing rate of growth through 2013 as construction spending decelerates, but gains will remain well above the global average.India, the world’s second-largest cement market, will see some of the most rapid advances of any country in the world. Other fast-growing markets for cement in the region include the Philippines, Thailand and Vietnam, all with growth rates exceeding six percent per year. In the developing nations of Latin America, Eastern Europe and the Africa/Mideast region, however, advances in cement demand will slow considerably from the robust gains seen during the 2003-2008 period.

Increases in cement demand in the developed areas of the US, Western Europe and Japan will lag the average global pace of growth, though improving substantially from the 2003-2008 performance. In the US, cement demand plummeted in the wake of a residential building slump and economic recession from 2006 to 2008, but a solid rebound is expected through 2013. In Western Europe, improvement in construction activity will fuel a turnaround in the region’s three largest cement markets, Spain, Italy and Germany. Similarly, a modest rise in construction spending in Japan will drive increases in cement consumption after a long period of declining demand.

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