2016 world cement demand forecast revised downward on Chinese slowdown

Global cement volume growth is expected to slow down following China's significant decline, bringing down the average growth rate over 2015-2020 to 0.7 percent.

As a result, global cement consumption is expected to reach 4.0 billion tons in 2016 and 4.2 billion tons by 2020, according to the 1H2016 update of CW Research's Global Cement Volumes Forecast Report.

The forecast provides global and regional outlooks, based on the detailed perspective of 55 of the world's most important countriesÔÇÖ demand-supply model, reflecting overall approximately 95 percent 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.

ÔÇ£The monumental cumulus of global economic challenges in 2015 is bound to put the brakes on global cement markets in the coming years,ÔÇØ says Robert Madeira, CW Group Managing Director and Head of Research. ÔÇ£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.ÔÇØ

Read more about China's slowdown expected to affect global market, the regional dynamics and the bright spots of the cement market forecast in Cemweek Magazine Issue 31.

For more information and placing an order, please contact Liviu Dinu, Market Services & Marketing Consultant, CW Group (Europe), by phone at +40-744-67-44-11, or e-mail at [email protected].

For more information or interview inquiries, please contact Luciana Murarasu, Marketing & Communications Coordinator, CW Group (Europe), by phone at +40-748-91-84-50, or e-mail at [email protected].