India cement sector set to build momentum, accelerate into 2015

CW Group forecasts 2014 global growth to accelerate to 4.2 percent and consumption to reach 4.21 billion tons, up from 3.9 percent forecasted in February this year. We anticipate that renewed confidence in construction market conditions will positively affect the general global outlook, annual consumption reaching 4.8 billion tons by 2018.

Globally, cement consumption picked up by 7.6 percent per year on average between 2009 and 2013, but our research shows a deceleration in some markets that will translate into a 3.6 percent hike per year on average for the 2013-2018 period. We expect ex-China cement consumption to grow at a slower pace through 2018 than it had in previous years.

Read the rest of the article in the India Cement & Construction Materials Journal, Issue 19.