Global cement consumption is projected to average around 2 per cent per year from 2016 to 2021, according to the Global Cement Volume Forecast Report 1H2017 update of the Global Cement Volume Forecast Report (GCVFR).
For 2017, demand is expected to grow following a 2.4 per cent improvement in 2016 and surpass 4.1 billion tonnes. However, global ex-China cement consumption is projected to grow by an average annual rate of 4 per cent until 2021.
“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,” says Robert Madeira, CW Group Managing Director & Head of Research.
CW Group’s Global Cement Volume Forecast Report (GCVFR) is a twice-yearly update on projections for cement volumes on a national, regional and global level.