Webinar: Global Cement Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global cement market.
We are hosting a 40-minute live webinar on the cement market.
Join us to get the main macroeconomic statistics around the production and trade, and talk over the challenges and the nearest future of the market.
We invite speakers from the industry to share their thoughts on how they are going through this difficult time.
Listen to stories from entrepreneurs from around the world and share yours!
Key Trends and Insights
Although many cement plants remained idle and inactive during the Covid lockdown, 2020 figures indicate that global cement production remained consistent with 2019 output (4.2B tons, IndexBox estimates). The demand for cement is buoyed by construction industry growth in the U.S., India, and China and building renovation works in the EU and other countries.
Vietnam (+7.6% CARG), Indonesia (+5.6% CARG), India (+5.5% CARG) and China (+4.4% CARG) indicated the most significant rate of consumption growth from 2007 to 2020.
The announcement of large-scale construction projects in the Asia-Pacific region has secured confidence regarding a stable growth in demand for cement in the near term. In June 2020, Vietnam adopted public-private partnership legislation to attract investment into the housing construction sector. The government's five-year development plan to 2024 in Indonesia envisages the development of megacities and the construction of a new capital in Eastern Indonesia. In 2020, India launched the state initiative The Housing for All, which outlines 11M housing units for the poor by 2022. The housing construction sector in China will expand further due to the substantially increased investment seen in 2021.
In the USA, suburban construction continues to develop; it started during the pandemic, following the shift to remote working and the drive to move away from the large cities. The subsidized mortgage rates in Russia continue to buoy the construction market. IndexBox forecasts that over the 2020-2030 period, the global cement market is set to expand at an average annual rate of 1.8% CAGR, reaching 5.0B tons by 2030.
In 2020, many global cement manufacturers announced expanding their product lines and planned to use renewable energy and decarbonization initiatives. Systems to capture greenhouse emissions from cement plants are seeing widespread installation in developed countries. As the 'green' agenda gains momentum, reducing the carbon footprint is becoming an important issue for manufacturers in maintaining their competitive edge. This issue may acquire particular relevance in the EU market, where a carbon tax is set to be introduced.
FEBELCEM Federation of the Belgian Cement Industry aims to assist, inform and train the users of cement products. It also organises courses and training days for practising architects, construction designers and contractors. Lastly, it contributes to training programmes for future engineers, architects and construction workers.
Market Analyst, Editor
For over 10 years now, IndexBox has been conducting market research, completing consulting work, and selling reports.