Features CW Research: Growth outlook for world cement slides on Chinese weak demand 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Mergers & Acquisitions Ambuja Cements merges with Adani Cementation Adani Group restructures ownership June 28, 2024 Markets & Competition TITAN Group and thyssenkrupp Polysius sign global service thyssenkrupp and Titan sign agreement to aid worldwide June 28, 2024 MOST READ Environment CIMPOR and OYAK Çimento partner with alcemy CIMPOR, OYAK Çimento collaborate with alcemy June 21, 2024 Mergers & Acquisitions Ambuja Cements merges with Adani Cementation Adani Group restructures ownership June 28, 2024 CW Research: Growth outlook for world cement slides on Chinese weak demand Global cement consumption is projected to average around two percent per year from 2016 to 2021. For 2017, demand is expected to grow following a 2.4 percent improvement in 2016 and surpass 4.1 billion tons. However, global ex-China cement consumption is projected to grow by an average annual rate of 4.0 percent until 2021. ÔÇ£The continuing rebalancing of the Chinese economy to one driven by domestic consumption, has important implications for the global cement market, and has brought much needed stability in terms of demand expectations not only in 2016 but in the coming years", explains Robert Madeira, CW Group Managing Director & Head of Research. Regional Dynamics According to CW Research, world economy continued to experience varied growth in cement and clinker demand as regions including Africa and Asia ex-China continue to exhibit economic strong growth supported by sustained infrastructure investments. In Africa, cement demand is expected to grow at an annual average rate of 4.0 percent, while in Asia ex-China cement demand will increase at a CAGR of 5.0 percent until 2021. In the North American region, cement and clinker manufactures can expect demand to retain levels as we anticipated in our 2H2016 update. CW Research also estimates that Latin America, the Middle East, and the CIS, will remain affected by wide-ranging macroeconomic and political issues in 2016. Therefore, cement consumption in the mentioned regions recorded negative growth in the previous year and is also expected to stay low in 2017. Recovery across the globe Overall, the 1H2015 Global Cement Volume Forecast Report (GCVFR) predicts gives the outlook for demand in Africa and the Asia ex-China regions remains robust, while Latin America, the Middle East, and the CIS are expected to fare better with a recovery in global crude oil prices. Over the forecast period 2016 to 2021, CW Research analyst's project global (ex-China) cement consumption to expand by around four percent per year. Bright spots such as Asia (ex-China), North America and Africa provide optimism. Find out more about the report here. Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline