Cement Groups 2017 [Kathryn McFarland]
par GroupeXerfi
Xerfi Global has recently published a study on the Global Cement Industry, which has seen winds of change over the last few years. Volumes decreased for the first time in decades in 2015 although 2016 did see a return to growth. This dip in 2015 was due to a contraction in demand in one particular market, one which has become the centre of gravity of the industry: China. China drove 55% of global cement demand in volume in 2015. Given this huge share, it is unsurprising that the 5% contraction in Chinese demand in 2015, as economic growth and construction slowed, had a considerable impact on global figures. China’s slowdown will continue to weigh down on the market over coming years. Although other developing markets’ combined cement consumption, which makes up around 30% of the global market, is expected to grow by around 4% from 2016 to 2020, and mature markets, which make up around 16% of the market, will see around 2% growth in demand in this period, the forecast 3% drop in Chinese consumption from 2016 to 2020 will almost fully offset this growth due to the huge size of its market. [...]
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